Casino Wagering Requirements For Casino Bonuses

As I am sure you already know, one of the best benefits of playing at online casinos versus their live counterparts is access to a number of casino bonuses which give you a free boost to your casino bankroll.  Almost every online casino site will offer their new players a bonus incentive for registering at their site versus the competition and this is one of the major advantages that players will enjoy when they play online.  That being said, it’s also important to understand that all the online casinos that offer these promotions also have restrictions on how the bonuses may be used and when they may be cashed out by the player.  This article focuses on providing players with an understanding of casino wagering requirements including how they work and why they are used online.

Casino Wagering Requirements and Fraud

Casino wagering requirements arose for two main reasons, the first being fraud and the second to ensure fair play for the online casino.  What started happening back in the early days of online casinos was players would take a bonus and immediately withdraw or play very little and then take out there deposit and bonus amount never to be seen again.  The casinos eventually started catching on to this tactic and needed to find a way to restrict players from doing it because they were starting to lose a ton of money.  The modern day solution to this problem has become known as casino bonus wagering requirements and you will find these terms spelled out in all online casinos terms and conditions.

While wagering requirements might sound unfair at first, rest assured they are only in place to ensure that you are legitimate player who wants to play while giving the casino a chance of making you a loyal customer.  When you sign up at an online casino, make sure that you have read all of the terms and conditions of the promotions they offer since there have been tons of issues over the years of players not reading or misreading terms only to find out that they are ineligible to cash out their balances.  The two main types of restrictions that you should expect to find at online casino sites with regards to their bonuses are both game restrictions and wagering requirement restrictions, both of which are explained below.

Restrictions on Games For Casino Bonuses

The first major element of understanding the requirements is what the bonus is supposed to be used for.  Some casinos offer slots only bonuses, blackjack only casino bonuses and so on while others offer casino bonuses that can be used on all of the casinos games.  Generally speaking this will be spelled out in the terms and it is highly advised that you don’t use bonus funds on restricted games before you meet requirements since this is a sure way to create a problem with your account.  Usually the best types of bonuses are offered in the slots department since these games have the highest house edge for the casino and are less likely to be profitable for the player.  That being said, some casino sites do offer bonuses with excellent wagering terms on a wide variety of casino games.

How to Clear Your Casino Bonus

Once you have looked up any game restrictions associated with the bonus, it’s now time to read into the actual wagering requirements needed to “clear” the bonus which means you will able to cash it out should you wish.  Casino bonus wagering requirements are usually expressed as a multiple of your deposit plus bonus amount.  For example a 100% up to $500 with a 20 times wagering requirement means that if you deposited $500, your account would start with $1,000 and you would need to place $20,000 in bets on non-restricted games in order to be able to cash out your bonus.  Keep in mind that the requirements are strictly related to net betting amounts and you don’t have to lose that much to get the bonus, but rather need to place that amount in bets on the casino’s games.

The last major factor to consider with regards to requirements is casino sites which allow you to wager your bonus on all the casino games.  In this case, what the casino will do is usually offer all games for bonuses however not count all of them as 100% towards your wagering requirements.  For example a casino may allow blackjack play for the bonus, but might only count 10% of the wagers made towards that overall requirements.  This means if you bet $100 on a blackjack hand, you would only receive credit for a $10 wager towards bonus requirements.  Although this may seem a bit unfair, the games that count less than 100% are always low house edge games where the player has a significant advantage over games such as slots where the odds heavily favour the house.

Overall, casino bonuses are a great luxury for online players to take advantage of when they open a casino account.  While bonus terms and conditions can seem convoluted and confusing at first, the savvy casino player will understand how compare wagering requirements and restrictions in order to maximize the value of their bankroll while playing at a casino that offers fair terms to players.

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