Casino Bonus Terms and Conditions
Casino bonuses are designed with the sole purpose of catching the punter’s attention, thus, they are made to be attractive. Punters must bear this in mind that casinos will do all they can to make sure they don’t go bankrupt as a result of offering these incentives. Therefore, it is always a good move to carefully read the terms and conditions of any bonus they are about to claim, as certain things that may make them lose their money are often hidden in the fine print.
One of the helpful strategies that can improve one’s chances of making a profit from a casino bonus is reading the terms and conditions thoroughly to avoid unpleasant surprises. If there are any uncertainties, punters can always contact the casino’s customer service to clarify. In this article, we are going to explain some common casino terms and conditions to help frequent punters and bonus hunters understand these terms when they see them.
Common Casino Terms and Conditions Explained
Wagering Requirements
Almost all bonuses come with wagering requirements and casino bonuses are not always in black and white. Also known as playthrough quota, wagering requirements refer to the number of times players are required to wager their bonus money or winning made from said bonus to become eligible to withdraw their winnings.
For instance, a punter claims a 100% up to £100 deposit bonus with a wagering requirement of x10. To withdraw their winnings, this punter must wager their bonus offer 10 times (which must total up to £1000) and must win on every occasion or such bonus will be lost. Yeah, we know the offer is looking less attractive at this point.
Wagering requirements also come with their own rules, which include the type of games that can contribute to them and how fast certain games can help meet these requirements. Players should also see if the playthrough quota applies to only the bonus money or bonus plus the initial amount deposited (in the case of a deposit bonus).
There are several online casinos in the United Kingdom that offer profitable incentives with fair wagering requirements. Players can take advantage of offers on slovenske kasino and the bonuses they offer to enjoy more games and add to their bankrolls.
Cash Bonus vs. Play Bonus
Before rushing to claim a casino bonus, it is recommended that you confirm if the bonus is a cash bonus or play bonus. For cash bonuses, players can withdraw winnings as soon as they meet wagering requirements. Play bonus, on the other hand, is only meant for enjoying more games on the casino’s game list for free. Real money can only be won with play bonus if the player wins prizes when playing. Also, when a cash bonus is claimed, players can withdraw their winnings plus any bonus amount left in their account. If the playthrough quota has been fulfilled.
Withdrawal and Bet Limits
Even though the withdrawal limits are often in the terms and conditions, many players do not notice them until the point of withdrawal when their winnings are slashed. Most online casinos place a cap on the size of bets that can be placed with bonus funds and the amount that can be won in a promotion. So, if a player manages to win £5000 and the withdrawal limit is £1000, they will forfeit the extra £4000 of their winnings.
Bet limitations are usually communicated in the form of a percentage of the amount given away as a bonus. When players bet more than this limit, they may lose their winnings to the casino.
Validity Period
It is common practice for casinos to put a time limit on bonuses. This is also included in the terms and conditions and players are likely to notice them while reading through the terms. Players who are not aware of this rule will forfeit their winnings if they fail to withdraw winnings within a period.
Low-Risk Exclusion
There are casino games known as low-risk and casinos know better than to allow players to use them when trying to meet wagering requirements. Games such as Blackjack and Roulettes are listed under most casinos low-risk exclusion games. Slots are however known to contribute immensely to playthrough quota as they are high-risk bets.