You may be dazzled by the attractive bonuses online casinos offer. Who doesn’t want something for nothing?
But be warned: these offers may not be as good as they seem. While the bonuses should be legitimate, they may come with some terms and conditions.
What are casino bonuses?
The primary intention of casino bonuses is to entice people into playing at an online casino. A bonus offer generally offers you something for free, such as free spins on a Slots game or welcome bonus credits.
At first glance, some of these offers can seem incredibly generous. For example, an online casino might offer you £100 in free credit for signing up to play at their casino. You might think this sounds too good to be true, and unfortunately, you are right. There’s more to these offers than meets the eye.
What is the catch?
The primary aim of a casino website is to make money for the company, so it shouldn’t come as too much of a surprise that they don’t want to give anything away for free. The vast majority of bonus offers are going to have some kind of additional requirement associated with it.
A very common requirement is something called a wagering requirement. So what exactly is that?
What are wagering requirements?
When you play on an online casino using free spins or bonus credit, you will probably have to fulfil a wagering requirement before you are able to properly take advantage of a bonus.
Let’s say you win a jackpot using the funds acquired from your welcome bonus. This jackpot will probably be subject to a wagering requirement. This is the amount of your own money you need to deposit and wager before you are able to withdraw the jackpot. You might see terms like 10x or 20x wagering requirement.
Say you receive a £100 welcome bonus with a 10x wagering requirement. This means you need to deposit and wager £1,000 of your own money before you will be eligible to withdraw any winnings you earned with your welcome bonus.
As you can see, it’s not quite as simple as getting money for free. The bonuses offered by casinos are carefully considered. They want to make sure the offer is generous enough to be enticing to players, but they don’t want to make it so generous that it causes them to lose money.
Because of the wagering requirements, bonus offers can often lead to players spending significantly more at a casino than they initially intended.
Read the terms
If you want to play using a bonus offer, it’s vital you check out the terms and conditions. Sometimes, the positive aspects of an offer are displayed very prominently but then the more negative aspects (such as the wagering requirements) are more hidden. The wagering requirements might be published in a much smaller font or in some cases, they might even be written on another page.
Before you start playing using a bonus offer, it’s essential you try and establish exactly what the terms are. If a bonus offer requires you to spend thousands of pounds, is it really worth it to you? Of course, there is a chance you could win a jackpot and end up making a profit, but it is also quite likely you will just end up spending much more money than you wanted to.
You should also make sure you are clear on what games you can play to fulfil your wagering requirements. A mistake people often make is that they play any game they like, thinking they are fulfilling their wagering requirement. But they later discover some of the games they played did not actually count towards the requirement.
Take your time
Bonus offers are specifically designed to make players act impulsively. When players don’t take the time to do their research and read the terms and conditions, this often ends up being very profitable for the casino.
The players who do make a profit from bonus offers are the ones who take their time and understand exactly what the terms and conditions are. Make sure you’re one of them!