Bonus requirements. What are bonus requirements Why do Online Casinos have them?
Bonus requirements are very important for you to know what they are and fully understand before you decide to deposit money to gamble in any of the online casinos offering bonuses.
Whenever you see an online casino offering a bonus you can be sure of the fact that they come with the so called bonus requirements. They are nothing more than certain requirements you must make in order to cash out any winnings you may gain while playing with the bonus.
Why are casino bonus requirements so important to you as player?
As good as bonuses may look, they do limit you as a player some how. Let’s have a look at the bonus requirements.
Win Palace welcomes you to their site with $1000. You will get a generous 200% bonus up to $1000, not only on your first but on your 2nd deposit too!
Win palace $1,000 (regular) welcome bonus. Use bonus code: PALACEWELCOME (Winpalace is closed because their owners are big time losers.)
While this bonus looks awesome on its own, since it is, you better understand the requirements prior to depositing your money and making use of this bonus. On their site they state that in order to withdraw winnings from this $1000 bonus they ask that you fulfill the following wagering requirements:
* Players are asked to wager the bonus and deposit amounts thirty (30) times before making any cash-outs.
* Bets placed on Roulette, Craps, Baccarat, Pai Gow Poker, Sic Bo, Bingo and Poker will not count towards the wagering requirements of the bonus and will void all winnings won on this promotion.
* Bets placed on Blackjack, Perfect Pairs, Texas Holdem Bonus Poker, Multi Hand Video Poker and Video Poker will count $1: $0.25 of their original value towards wagering requirements
* Players cannot withdraw any winnings from this promotion until the wagering requirements are fulfilled.
The main rule of interest here:
Wager the combined amount of your deposit and bonus thirty times before you can cash out anything. Ask yourself whether or not you are known as someone who can do that. If you can, then go for it! However, if you make a big win, you can’t cash out until you made this requirement. Not knowing this can lead to frustrating situations as you will see in the following story.
“Player wins $27,000 on a $50 max cash out free chip bonus…”
Let me illustrate this with a true story that happened not so long ago. It did not happen in Win palace casino but it happened in Begado casino. A new player was presented with a $20 free chip bonus, on which no deposit was required. The bonus did come with requirements as you can imagine but the player did not take any notice of them and started to play slots. He happened to win more than $27,000 in jackpots and special features in the slot machines he played on.
One of the bonus rules was that they put in place a maximum pay out of $50 on this particular free chip promotion. As he was not aware of this, since he did not read the requirements, he got pretty frustrated when he wanted to cash out on his winnings. Up until today, he did not cash out this $50.
Should he have played the casino games without this free chip bonus, he would have been all fine and would have been allowed to cash out every single cent of his winnings.
Lesson of today? If you do not want to be limited by bonus requirements, simply choose to play without any bonus offer. Make this decision before you deposit and take home all of your winnings whenever you want to, whenever you feel like. No limitations.
We have amazing exclusive bonuses waiting for you as a visitor. However, all of them come with their own bonus requirements. You should at all times make sure you have seen them, studied them and understand them. After that, make up your mind if you want the bonus or if you prefer to play without.
I personally rarely to never take out bonuses. I prefer to cash out winnings when I get them. If you do want a bonus, have an exclusive one!