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Know the Casino’s Wagering Requirements on Deposit Bonuses
Know the Casino’s Wagering Requirements on Deposit Bonuses
Are you thinking about opening an online casino account for the first time? After deciding on an online casino to play on, you need to first create an account with the site. Now it is important that you pay close attention, and make sure to read the casino’s terms of service before doing anything. You want to be completely sure that you understand what is involved in releasing the full benefits of any bonus you claim.
It is fairly common knowledge that at most online casinos a first time deposit bonus is provided to new depositing players. This bonus goes directly into the players account and it's available to be wagered. Depending on the type of bonus, you can bet on all the available games or on specific games if it’s a game specific casino deposit bonus.
But regardless of the deposit bonus offered by online casinos, they all have their specific wagering requirements before you can cash out. Pretty much all online casino require a certain wagering amount before you can withdraw. The online casinos have these security measures in place to prevent bonus abuse.
These wagering requirements differ depending on the casino you’re playing on, so it’s essential that you read carefully the terms associated with any casino bonuses or promotions you are thinking of taking part in.
Before Getting Started
Ok, you already have picked a casino, installed the software (if required), created your account, played for fun, or used the no deposit bonus (if possible) and gotten used to the casino software and the games available to play. Now you want to play for real money and collect any casino deposit bonus that you may be entitled to when first signing up.
In the casino lobby click on the ‘Cashier’ button, and make a deposit with your preferred deposit method. But depositing money into your online casino account is just the first step. You may want to withdraw some money due to winning a huge pot at the poker tables or hitting it big on the slots. You have to realize, though, that when it comes to cashing out your winnings at online casinos, it’s very different to how things work at land-based casinos. And whenever you choose to withdraw your winnings from your account you don’t want to get any nasty surprises.
How Do These Wagering Requirements Work?
Each casino has different withdrawal options available, however of most interest is the wagering requirements associated with any deposit bonus you claim, as this will determine your eligibility for being allowed to make a withdrawal. To enjoy your online casino experience to the maximum, you need to make sure that you can collect your winnings when you expect to be able to receive them. All you have to do is confirm the wagering requirements for the casino bonus.
The wagering requirements of the casino is always clearly stated in the bonus agreement linked on the online casino’s website. In this agreement, it tells you how much you have to bet/wager before the bonus cash is added to your account or before you can cash out. Typically the bonus money is credited to you instantly but there are wagering requirements associated with cashing out.
For example, some deposit casino bonuses will be subject to a 30 times playthrough requirement before your winnings including the bonus money can be withdrawn. Let’s say you were offered a $50 bonus. What this means is that before you can have your withdrawal processed, you will need to wager 30x $50 = $1500 worth of bets. The wagering requirements are typically stated as 30x, 40x etc and relate to specific casino games. It’s important to understand the specifics of the wagering requirements because you may be playing your favorite online casino game thinking it counts towards the wagering requirements to release the bonus, without actually realizing that it is not helping you out at all.
Generally, the wagering requirements will vary depending on the specific casino game. Playing the online slots usually counts fully towards the bonus wagering requirements, but on the other hand, games like blackjack and roulette will not count towards the wagering requirements or if they do they count for very little. Hopefully you now understand the specifics of casino deposit bonuses and the terms and conditions associated with actually seeing this free money. Like the saying goes “if it sounds too good to be true” it often is, so be wary of new online casinos offering generous welcome bonuses, because there could be extreme terms included in the bonus agreement that make it virtually impossible to ever cash out any winnings.
More then anything else, we encourage you to find one or more casinos that you like playing at and enjoy the selection of games. The wagering requirements of any casino deposit bonus is a moot point if you really dislike playing at the site. Also make sure to be completely accurate when filling in the registration form when first creating an account with an online casino. If the casino finds out that the information you’ve provided is false they don't have to pay you any winnings.
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