The Catch to Online Casino Bonuses
A casino bonus is essentially a monetary credit given to a new casino sign-up or a player that meets certain requirements within an online casino or one of its games. The operative word here is 'give' and even though there isn't much asked of the receiver, there are certain conditions to being able to effectively use that money. Conditions that, when applied to the way in which a bonus is obtained, add up to a very big catch, when it comes to cashing in on the reward.
What it all means though, is that the casino is taking the necessary precautions in anticipation of there being some not so honest individuals who are poised to take advantage of the system.
By stating the conditions of the bonus, the casino is merely preventing a mass sign-up-and-cash-out probability, which would leave that casino bankrupt. You will never find an institution that will go out of its way to prevent a bonus from being cashed, if however, the gamer has followed the correct protocol, and within the confines of the requirements set by the casino.
The Most Common Requirements to Cashing a Bonus
Nestled comfortably within the carefully worded limitations of a casino's terms and conditions, sits that particular establishments requirements on bonuses. Each casino will be different but these requirements are basically the bonus waging terms for that particular one. What this means is that for any bonus offered, whether sign-up, loyalty or referral, there is a certain amount that must be wagered by the gamer, to make that money active and usable, or so that the player can wager with the bonus, or cash it out. These wagers range from 10 times the offered bonus amount and climbing up to even fifty and sixty times, depending on the type of bonus and the amount offered.
To simplify that even further, a casino may be willing to give you, the gamer, $ 500 free for signing up or being a loyal player, or even referring a friend to that site or a particular game. For you to be able to use that money, in essence, take advantage of that free bonus, you must have wagered, within your gaming process, that amount, by whatever that casino stipulates. For example: if the casino stipulates 10 times the bonus amount, you need to have wagered over the course of your playing, $ 5000 ($ 500 x 10). Only then will the bonus be active on your account, for you to use as you see fit.
On top of that is the fact that most casinos will have very specific terms on how each game's requirements are stipulated. This means that high roller games such as black jack and poker may very well fetch an added percentage on top of the original amount. Again, for example, a casino may require that on top of the 10 times betting wager, a particular game, say blackjack, may need a 10% additional betting count. So, when taking the original amount in to account you need tack on another ten times that amount, depending on the game: R 500, the bonus. $ 500 x 10 as the betting wager making it $ 5000 you need to wager before the bonus is activated. But, if you're playing blackjack, and the bets only count for 10%, you will have to wager ten times that bet, making it $ 50 000.
Yes, the online bonus can sometimes be shrouded in a few terms and conditions, but by that very nature, can only add extra challenge to your gaming. The trick is to shop around, find the best looking bonuses and ones preferably tied in with the games that you particularly enjoy playing. A bonus is extra reward for you for playing those games you love, and the fact that some stipulations might bind the liquidity of those bonuses until certain requirements are met, shouldn't hinder you from taking full advantage.
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