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Can You Find the Best Casino Bonuses Out There? Essential Terms (and Conditions) 2023

Can You Find the Best Casino Bonuses Out There? Essential Terms (and Conditions) 2023

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Do You Know the Top Casino Bonuses? Essential Terms and Conditions

Since the dawn of gambling time, players have been looking for ways to get a small leg up against the house.

From magnets to card counting teams, it seems like every generation of gaming fans has tried its hand at improving their odds. And there is one definite approach that modern gamers seem to have well selected:

The casino bonus system!

It’s a wonderful coincidence of living in today’s highly competitive online betting ecosystem that so many providers are competing to win (and keep) bettor’s time and business. In addition to ushering in a new era of transparency and responsible practices in gaming, this scenario has resulted in a never-ending cascade of new bonuses and promotions…

… which savvy players can use to make a sizable dent in the house edge!

Today’s wagering aficionados now know for sure that, in addition to the choice of which casino to play at, the most important choices a gamer can make are a) which tables to play and b) which bonuses to take advantage of!

There’s a catch, though!

While casinos all over the world have learned the importance of offering competitive promos, they are also very clever about protecting their own bottom lines. That’s why it’s always important to read the fine print.

In this case, that could be re-phrased as: always read the terms and conditions.

Which is all well and good… if you know the vocabulary already!

There is a unique (almost lawyerly) language that belongs to these promotional terms and conditions. Here are the definitions you need to know to make informed decisions – and to take full advantage of what’s on offer!

The term ‘wagering requirements’ indicates what, exactly, a player has to do in order to render any bonus available for withdrawal.

(After all, it wouldn’t make much sense for casinos to offer players free money, then allow them to withdraw it immediately! The house’s goal is to increase the total amount of money wagered at its tables, not just give money away.)

This little term is often the most important detail in any bonus, so pay close attention!

Say, for example, that you were awarded a $100 bonus with a 25x wagering requirement. This means that you will need to wager a total of $2500 ($100 x 25 = $2,500before you can withdraw that hundo.

Also note that if a bonus states “$100 bonus with 25x wagering requirement plus deposit,”that would mean that the requirement refers to both the bonus and the initial deposit together. In the above example, this would mean that you would have to wager $5,000 (the$100 bonus plus the deposit of $100= $200 25 = $5,000). So that innocuous-seeming “plus deposit,” those two words can make a huge difference!

Another sneakily important term, ‘wagering contributions’ refers to what proportion of your stake goes towards meeting the aforementioned wagering requirements.

The good news is that slots and other RNG games have a 100% contribution.

The bad news is that many table- and Live Dealer games come with reduced contributions… sometimes severely! (This is because titles like these often come with far superior RTP, so the house wants to steer players away from them and towards offerings with a higher house edge.)

Keeping to the above example, let’s imagine receiving a $100 bonus with a 25x wagering requirement… and then, let’s imagine that the casino in question has a 10% contribution for Blackjack. (This would not at all be out of keeping with standard practices)

This would mean that only 10% of every blackjack bet you make counts towards the requirement!

So, as discussed above, you’d need to bet a total of $2,500 to meet the terms. Since blackjack only contributes 10%, however, you would need to wager a total of $25,000 before you can withdraw the money. That’s a lot of bets to make in order to collect $100!

For most players, betting $2,500 (or $25,000) in order to win $100 is quite an obstacle. But what if you’re a high roller, who is already betting $500 per hand? If you’re already going to bet that money anyway, why not collect that $100?

To deter this kind of behavior, T+C language sometimes discusses “maximum bets” that can be applied towards meeting wagering requirements. For example, if $500 is wagered, but the ‘maximum bet’ is $25, then only $25 of that big bet goes towards meeting wagering requirements. It’s a way for the house to keep their bonuses from luring in temporary high rollers, while also encouraging more gamblers to play longer sessions in order to collect a relatively small amount of money. Clever buggers.

On top of all this, there’s usually a clock ticking when it comes to making good on cashing out these bonuses!

The most common “bonus expiry” is one month from when the bonus is claimed. This means that, if that same $100 bonus with a 25x wagering requirement comes with a 30-day bonus expiry, the gambler has to wager that $2500 in 30 days if they want to withdraw that $100.

That’s a fair amount of money, to be sure! Not every gambler has the bankroll necessary to meet it responsibly, but it’s within the realm of imagination.

The real pitfall comes when the bonus is considerably larger… and indeed, some of these bonuses can be quite large, reaching the thousands of dollars!

Let’s say, for example, that you accepted a $1,000 bonus with a 25x wagering requirement AND 30-day bonus expiry. You would then have to bet a total of $25,000, assuming 100% contribution, within that 30-day period, in order to claim your $1000. That’s a lot of money, especially in a relatively short amount of time! Worst of all, if you end up betting only $23,500 towards that wagering requirement, how much of the bonus do you think you’ll be able to cash out?

How about… none of it?

That’s why time limits (aka ‘bonus expiry’ clauses) are so important. It’s not only about bankroll size – it’s also about accepting a bonus level you realistically think you can meet within the time period named. Because if you don’t meet those requirements in time, you won’t get a single cent of that fancy bonus!

Can You Find the Best Casino Bonuses Out There? Essential Terms (and Conditions) 2023

Can You Find the Best Casino Bonuses Out There? Essential Terms (and Conditions) 2023

Frequently Asked Question (FAQs)

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