Friday, February 4, 2011

The Evil That is Bonus Wagering Requirements

Before accepting any bonus at an online casino, understand that there are likely wagering requirements associated with it. This means that you probably have to wager through to a certain amount before being allowed to withdraw any money. This is called a play through requirement. Or, the bonus may apply to certain games like slots or blackjack.

Just like you do on important documents, it’s important to read the fine print on any online casino bonus. Each one has terms and conditions. Read it all. Don’t scroll through it and think you will be fine. That’s what they want you to do so you fall prey to hidden requirements.

Most bonuses have a 15-30 multiplier (x) play through requirement. Let’s say you deposit $100 for a $100 match bonus on a 15x play through. In this scenario, you must play through to $3,000 before withdrawing any cash. It works like this: ($100 deposit + $100 bonus) x 15 = $3,000. I’m not much of a math guy, but if your bankroll is low, you should watch what kind of requirements you accept.

No-deposit bonuses are very popular because you get free money without any deposit, which increases your wagering power as a gambler. However, no-deposit bonuses usually have a higher play through requirement, like 30x. If you get $10 on a no-deposit bonus with a 30x play through, you must bet $300 before getting any real money. No-deposit bonuses are generally not applicable to progressive jackpot games, either.

Just because you see it in your account doesn’t mean you take it out. Trust me. You aren’t safe until you can feel that money in your hands. Choose an online casino that has promotions and bonuses on games you enjoy playing the most. Then you shouldn’t have a problem hitting the play through requirement.

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