You've probably seen that a lot of online casinos advertisements usually offer some sort of bonus or FREE money to obtain you to start playing there. Like anything else on the planet, nothing really comes free, so before you begin claiming this free money and then getting upset that you've been scammed, It is best to keep reading and observe this all works.
It's part of the marketing and differentiation strategy. The bottom line is, online casinos are usually "Gambling Games" of a certain software provider, so actually behind the various owner, graphics, licensing etc underneath the bonnet there's very little difference between let's say all Playtech powered casinos, or all Microgaming powered ones.
So, if they're mostly the exact same below the hood, there needs to be some type of difference which will convince one to play at "X" online casino and not "Y ".Besides the graphics, licensing, support and reputation, another solution to pitch to potential players is by providing them with something, in cases like this, a bonus.
Having put that from the way, the following question you may ask yourself is: OK, so Casino X is offering $5,000 free, maybe I'll subscribe, take my $5,000, play them out and go onto Casino Y.
The clear answer here is pretty simple as well. In order to claim bonuses at at an online casino, you will often need to make a deposit, unless it's specifically stated that you do not, but we'll get to that particular later.
Before we sink in to the beef of the different types of bonuses offered at online casinos, here certainly are a few extra terms and points you need to be alert to, so you can clarify them with a service representative before claiming a bonus, just so you know where you stand and what you're claiming.
Wagering requirements: Most bonuses have wagering or playthrough requirements, meaning that you need to play a certain amount before you can withdraw winning from your account. Typically wagering requirements are often between 15 to 40 times, however look closely at what you are needed to wager. Sometimes it is likely to be just the bonus times X and in others you will need to wager the bonus + your deposit amount X times. The latter by the way is more common.
Another tidbit you must look closely at in relation to wagering requirements is, that for the most part online casinos, if you request a withdrawal before you have completed the wagering requirements, your entire winnings to date is likely to be void. Certainly not fair, but this really is reality.Games played: Be sure you read the T&Cs in this case. Because slots games are usually the most profitable games for online casinos, many bonuses tend to be valid only for slots games. Usually scratch cards and keno will comply with this specific rule.
In other cases, you will undoubtedly be permitted to play your bonus on all games; however not absolutely all games will count 100% towards the playthrough requirements. For example play on slots will count 100% but roulette will simply count 30%, meaning you will really need to wager over three times more in order to clear the wagering requirements and withdraw your winnings.
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