Anyone who has seen an Online Casino advertisement will have noticed the enticing FREE sign up bonuses of between $50 and $1000 for first time depositing players.
These bonuses seem a very good incentive for anyone to join an online casino, but people must be aware that these bonuses are not entirely FREE, the catch so to speak involves meeting Wagering Requirements as laid out in the SIGN UP BONUSES terms and conditions, before any attempt to withdraw or claim the bonus can be made.
Wagering Requirements explained
Wagering requirements are rules set out by the casino to stop players from withdrawing the bonuses straight away without playing any of the casino games they signed up to play.
There are usually two methods of Wagering Requirements which depends on which online casino you are playing.
Deposit/Playthrough/ClaimBonus/PlaythroughBonus/Withdraw Rule
This method involves the player depositing a set amount, then playing through to meet the wagering requirements, then emailing the online casino to claim the bonus, then playing through again to meet the bonus wagering requirement, before being able to withdraw the bonus as FREE money.
Example:
Player deposits $100, wagering requirement = 10 x deposit, player must wager $1000 before being able to claim sign up bonus, once $1000 is reached the claimed $100 bonus is added to account, bonus wagering requirement = bonus amount, player must wager a further $100, before being able to withdraw the bonus as cash.
Deposit/BonusAdded/Playthrough/Withdraw Rule
This method involves the player depositing a set amount, the bonus being issued immediately, then playing through to meet the wagering requirements before being able to withdraw the bonus as FREE money.
Example:
Player deposits $100, bonus of $100 dollars is immediately given, wagering requirements = (10 x deposit) + bonus amount, player must wager $1100, before being able to withdraw the bonus as cash.
There are varying versions to the above rules, but most online casinos follow these two guidelines. There is also a rule with some casinos as to which casino games count towards your Wagering Requirements totals, such as only being able to play Blackjack or not allowing slots of any kind.
Please read the terms and conditions fully on any casino bonus offers or you will not be able to claim it.
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Simon Ecclestone
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