Casino Bonus requirements. What are bonus requirements? Why do Online Casinos have them? Why do they matter? Bonus requirements are very important for you to know what they are and fully understand before you 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 the bonus they offer will 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.
Update june 2017: For the example, I used the bonuses offered by a casino called Win Palace Casino. At the time of writing this post initially, a popular place. (Win palace is now closed because their owners are big time losers and even bigger criminals.) Anyways, let’s move on:
Win Palace welcomes you to their site with $1000. You will get a 200% bonus up to $1000, not only on your first but on your 2nd deposit too!
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. So, let’s say you deposited $1000 and got a $1000 bonus. Now first wager $60.000 before you can think about cashing out even $1.
What does wagering $60.000 mean? You need to spin the slot machine 60 thousand times, with a $1 bet. Enjoy.
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.
(scroll down a bit for the fun bit)
Get Fair & Generous Bonuses In These Featured Online Casinos:
“Player wins $27,000 on a $50 max cash out free chip bonus…”
Let me illustrate this with a true story that happened. It did not happen in Win palace casino but it happened in Begado casino. (Also a casino that has been closed down. The same owners as Winpalace 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.
Always Read The Bonus Requirements!
And with always, we mean: Always. Make sure you fully understand the bonus requirements you are dealing with. You do not want to be facing such a huge disappointment as the player above had to deal with.
When you take out a no deposit bonus, make sure you know what you’re dealing with. Is there a maximum cash out? What games can you play with it? And how much must you wager before you can cash out? All these things are important to know before you start playing.
When you take out a deposit match bonus, the same counts. What are the wagering requirements? Can I cash out? And when? How much and why? Make sure you read and fully understand the bonus requirements PRIOR to depositing any money.
Really. It will safeguard you from bitter experiences like the gentleman had to chew on. Instead of thousands of dollars in his bank account, he has thousands of ‘fun dollars’ in his fun casino account. Nothing he can buy for that other than frustration.
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