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Online Casino Conditions >>>
Wagering Requirements
Online casinos require many
things of their members. Of these requirements,
there is one type that players seem to
know the least about. All online casinos enforce
wager requirements on their members. And
although this is not the same thing as a betting limit - meaning the minimum and
maximum stake sizes - the "wager requirement" that is
imposed on free cash bonuses is greatly affected by the
betting limit of each casino game.
Regarding free cash
bonuses, they are a great incentive to many online
gamblers looking for a casino to gamble at. New
online gamblers are especially drawn to the large
numbers and the "too good to be true" allure of the free
cash bonus. Addressing this, here we will talk
about casino bonuses in general, including how to obtain
them after downloading the software, as well as the
bonus wager requirement - showing how players can
ultimately gain an understanding of how to meet all the
conditions of a casino bonus offer. Please read our
Casino Bonuses page for more detailed information
and a selection of the best casino bonuses
currently being offered.
Picking
your free cash bonus.....or
not.
Some players prefer to abstain from gambling with casino bonus money in
order to not be obligated by any wager requirements and
withdrawal restrictions. This is perfectly
fine, although most players should realize they are
going to gamble their money many times over, which in
the long run, will be enough to meet reasonable wager
requirements anyways.
If you decide to go for the
bonus, this is the time when you have to determine which
gambling games are eligible with the bonus. This is
very important because the casino software will let you
gamble at any game you like. However, in order to
cash your bonus out, you are restricted at gambling the
bonus amount so many times over at selective games. Real convenient,
right? Don't worry, this is the case at all online
casinos, although some of the game restrictions are
different. In order to find out the terms and
conditions of the bonus, on the homepage of the casino,
click on any link that says something in regards to
"Promotions" or "Bonus". (If you see a download screen
pop up, close it out and click on a different link -
this is the casinos way of ever-so-generously commencing
a download of their software - and you are not ready for
this yet)
Next, you will probably reach a page that lists the
casinos different promotions and various bonuses. Find
your bonus and look to see where the "Terms and
Conditions" link is. In order for an online casino
bonus to be valid, the casino must display the
Bonus Terms and Conditions on their site.
Read through this section and you will find out all
you need to know about your bonus, including how to
claim it. If it is a comprehensive bonus, meaning it
involves multiple deposits, be sure to read the
individual terms covering each deposit. The wager
requirement for a bonus will say something along the
lines of:
"In the interest of
fair gaming, in order to withdraw any sum of money, the
player is required to wager at least fifteen times (15x)
the bonus plus deposit."
The wager requirement is the number (usually ranging
from 8 to 40) followed by an 'x'. (Due to past high
incidences of player bonus abuse, wager requirements are
typically higher these days on average, usually ranging
around the 30x mark). However, statistics show
that even moderate gamblers will far exceed the 30x
wagering mark when betting with their original deposit.
Some bonuses will
restrict players from meeting the wager requirements
while playing strategy games like Blackjack, Craps,
Roulette and Baccarat, whereas other bonuses will permit
select strategy games to go towards meeting the wager
requirement. Especially with comprehensive, multiple
deposit bonuses, players will be restricted from certain
games on the initial deposit, but will be permitted to
play blackjack, for instance, on all the subsequent
deposits of the bonus. Another common bonus term is one
in which the player is allowed to play strategy games
towards meeting the bonus wager requirement with added
conditions. For instance, a bonus may require a player
to gamble the bonus amount over 10x before cashing it
out. Let's say that Blackjack is not permitted to help
meet this 10x requirement. However, if the player still
wants to play Blackjack, they can still do so, but with
the wager requirement raised to 40x. I have seen some
bonuses, usually slightly lower in amount, require only
an 8x wager, and only exempt from Baccarat, Roulette,
Craps and Sic Bo.
Now do you see why it is important to know what game
you might like to play before jumping on just any online
casino bonus? If you are new to online gambling, it is
our recommendation here at OCC to find a bonus that will allow
blackjack to go towards meeting your wager requirement,
even if it is only 2% -
hopefully no more than a 15x wager requirement. The bonus may be
of a lower amount, but it will save you bankroll in the long run.
There are a few other tips you should know about
bonuses, besides meeting the wager requirement. First
of all, most of them are Match/Percent Bonuses, meaning
the bonus will either match your deposit amount up to a
certain limit, or even double or triple it. For instance, a
200% bonus on a $100 deposit would give you $200,
producing a total of $300 to gamble with. (Remember,
the more the bonus, the stricter the terms and
conditions usually i.e. wager requirement) Also, when claiming
your bonus, be sure to do so according to the casinos
directions. After making your initial deposit,
some casinos process bonuses in a matter of hours, while
other may require the player to request the bonus, which
will
usually consist of simply sending an email to the
casinos customer support team stating,
"I have qualified for (enter which bonus) My
username is (enter user name)"
Following this email, the casino will deposit the
bonus into your account. The best online casino cashiers
will process a bonus request in under six hours. Some
casinos require players to claim the bonus first before
making a deposit, or in some cases, request not to
receive the bonus (which may be automatically given with
a players first deposit).
Also, if your bonus requires multiple deposits to
receive more bonus money, you must make the subsequent
deposits within a required time frame (usually within
one week - although each bonus will be different) Be
sure to read the terms and conditions covering each
individual deposit pertaining to the bonus.
What a player should
always know about Bonus Terms & Conditions:
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Wager Requirements - Commonly ranging from 8x to
40x, wager requirements are game specific
-
For large cash bonuses, games such as Blackjack, Craps,
Roulette, Baccarat and Sic Bo usually do not qualify for
meeting the wager requirement. If they do, it is
usually more near 40x or above.
-
40x is the average amount a gambler will bet their
bankroll while staying at an online casino.
-
The more the bonus amount, the stricter the wager
requirements.
-
Multiple Deposit Bonuses have different wager
requirements for each deposit.
Remember, always read the Terms & Conditions of the
bonus. When you decide on one, print out a copy of
the T&C's for
your records. Whatever you do, don't let a wager
requirement rule over you while you are gambling. In
other words, do not think about how many more hands it
will take before you can cash out your bonus. This will
only take you out of the game, and will tempt you to
chase after losses or do other mindless things you would
normally not while gambling in the online casino. Stick
to your betting limits...And play with a cool head at
all times.
Additional Tips and
Information About Casino Bonuses:
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