Casino bonuses are a traditional way to attract new players and keep existing players returning. Old-timer brands like N1 Bet Casino Canada give generous promotions, while other casinos are moderate with offers. But how do those gifts function? What is the difference between top casino offers and rewards from small gambling houses? In this article, we’ll look at how casino bonuses work and some of the different types that you might come across.
1. Wagering Is Obligatory In Most Cases
The rollover or wagering requirements for casino bonuses are multiple of the bonus amount plus the deposit. For example, if you see a 100% up to $200 welcome offer with 35x wagering, you have to bet 35 times the sum of your deposit and bonus before cashing out. The playthrough for this particular offer would be $14,000.
A few gambling sites don’t enforce wagering, but they are very rare. You will have to complete the playthrough in most cases before cashing out your winnings.
2. Time Limits Are In Place As Well
It’s not only the important wagering; the time frame you have to complete the bonus playthrough is crucial. The period can range from a couple of days to several months. You will find offers with short validity periods of around one week at some casinos. Others may give you six months or even a year to complete the rollover. Yet, the latter is almost a non-existent rarity.
If an online casino offer looks too good to be true, carefully check the terms and conditions. The time limit is often buried somewhere.
3. Casino Bonuses Are Rarely Cashable
Most casino bonuses are not cashable, so you cannot withdraw the bonus money itself. So, if you receive a $100 bonus with 35x wagering and complete the playthrough. Then you will be able to withdraw your $3,500 in winnings (assuming you don’t go over the maximum cashout limit). You can, of course, withdraw any winnings that you make while using the bonus funds.
4. You Can Claim Multiple Bonuses
One of the thrilling things about playing at online casinos is that you can usually take advantage of more than one bonus simultaneously. For example, you might be able to claim a welcome bonus and a reload bonus and take part in various promotions simultaneously. Of course, each bonus will have its terms and conditions that you need to be aware of.
5. Cashback Is A Type Of Casino Bonus As Well
While most casino bonuses come in free spins or match deposit offers, cashback is increasingly popular. As the name suggests, this type gives you a percentage of your losses back, up to a certain limit. For example, you might get 10% cashback on losses up to $100.
Also, some casinos allow upgrading account levels for vaster cashback. So, you might have 20% cashback systematically if you are an active gambler.
6. Bonuses Exist For Entertainment
Casino bonuses are a wise way to boost your bankroll and give you more chances of winning, but they are not designed to make you rich. The wagering requirements are usually quite high, and the time limits are often quite tight. Most players will never complete the wagering requirements and will lose some or all of their bonus funds.
So, if you’re thinking of claiming a casino bonus, make sure that you understand the terms and conditions first. And always remember that bonuses are there for entertainment purposes only. Don’t expect to make a profit from them.
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