Online casino bonus terms and conditions
With any online casino promo, it is essential to read and understand its terms and conditions to be considered. Sometimes, these terms and conditions can significantly affect the bonus’s quality, making it more or less attractive depending on its restrictions or limits.
Here are some explanations for some standard terms and conditions that you should be aware of:
Players must bet a specified amount associated with the bonus offer to withdraw any money from an online casino bonus. These wagering requirements are designed to prevent players from immediately withdrawing cash from the casino. Playthrough requirements can be up to 20x, which means you’ll have to wager 20x the sum of your initial deposit.
For example, if you claimed $100 on a 100% deposit match, you would have $200. A player would have to wager 20 times before the total amount before withdrawing. $200 at 20 times would equal $4000 in total bets.
We mentioned above how some online casino bonuses come with wagering or playthrough requirements. For example, say you’ve received $100 with a 10x wagering requirement. That means you need to wager ten times the bonus amount — $100 x 10 = $1,000 — before the funds will be released into your account.
Sometimes, the amount you contribute to your wagering requirement depends on the particular casino game, with some game contributions being different than others.
For example, when DraftKings Casino assigns wagering requirements to a bonus, some games clear the requirement faster than others:
- Most slots — 100% contribution
- Blackjack, select table games, select slots — 20% contribution
- Live dealer games, video poker, baccarat, roulette — 10% contribution
- Craps, other games — 0% contribution
If you wager $100 at slots, you satisfy $100 worth of your wagering requirement as you work to clear the bonus (100%). However, if you wager $100 at blackjack, you only clear $20 of the wagering requirement (20%). If you wager $100 at video poker, you only clear $10 of the requirement (10%).
All of which is to say, don’t just make a note of a wagering requirement, but also look at the individual game contributions as you anticipate how much you’ll need to play to withdraw funds from the casino.
Time limitations are easier to understand but still essential to know about. An online casino bonus might need to be used within a certain period. Welcome bonuses often have to be used shortly after receiving them, such as during your first 24 hours or week on the site. You may have to forfeit if you don’t use it within the allotted time.
Wagering requirements often come with time limitations, too. You might have 90 days to satisfy a wagering requirement, which might not be a problem. But you might also only have one week to do so, and that could be difficult if it is a particularly arduous requirement.
A sign-up bonus for online casinos can be used to play any game on the site—however, some casinos limit which games you can play with these funds. One common type is free spins on slots; often, you might only be able to use those spins on a particular slot. In other instances, you can use the promotion on any available games except live dealer games.
Cap on winnings
Another factor worth considering is whether or not the online casino bonus has any associated cap on winnings. For example, BetMGM Casino has a welcome offer includes a $25 no deposit bonus, aka Freeplay. However much you can win with that bonus is yours, with no maximum limit or cap on the amount you can win. That said, BetMGM also sometimes offers what they call a withdrawal-restricted bonus that might be set up to limit the potential winning amount (among other possible restrictions).
You might also encounter other promotions with wagering requirements or other restrictions. A play-restricted bonus requires you to play a certain amount and perhaps a particular game to earn the prize, and if you play less than the requirement, that can function as a cap on your winnings.