Although welcome bonuses are exciting and are a great way to start your casino journey, there are still things you need to watch out for when claiming them. Each welcome bonus has unique rules you need to meet to enjoy your bonus funds and winnings. Be sure to read these before claiming the online casino bonus to avoid any misunderstandings with a casino. Here are the most important terms you need to look out for.
Expiry Date
It’s important to pay attention to the expiry date stated in the bonus terms and conditions. Expiry dates indicate the timeframe within which the bonus must be used, typically ranging from a few days to several weeks. Failing to meet the expiry date could result in the forfeiture of the bonus and any associated winnings. Therefore, it’s crucial to plan accordingly to make the most of the bonus offer.
You Can Only Claim One Welcome Bonus per Casino
Although it might be tempting to get another boost to your bankroll, casinos generally don’t tolerate claiming multiple welcome bonuses. Many casinos highlight that you can only claim the welcome bonus once with your first deposit. Furthermore, if there are multiple welcome bonus offers available, you can usually only claim one.
Be careful, as casinos have the power to suspend and even close your account if they see you violating this rule. Even if you create a new account to claim the bonus, casinos can figure out you have multiple accounts, and your bankroll might be lost when they close your accounts.
Wagering Requirements
Wagering requirements are conditions imposed by online casinos that dictate the number of times a player must wager the bonus amount or bonus plus deposit amount before they can withdraw any winnings associated with the bonus. Game weightings are often associated with wagering requirements and refer to the wagering contribution of different games toward fulfilling these requirements.
For example, slots may contribute 100% towards the wagering requirements, meaning that every dollar wagered on slots counts in full towards meeting the requirements. On the other hand, table games like blackjack or roulette may have a lower weighting, such as 50%, meaning that for every dollar wagered on these games, only 50 cents counts towards fulfilling the requirements. It’s important to understand the game weightings when attempting to meet wagering requirements to ensure that you allocate your bets accordingly.
Withdrawal Restrictions
While you can complete the wagering requirements, there may be restrictions on the maximum amount you can withdraw from bonus winnings. For example, you might have $6,000 in winnings from the bonus, but the terms state that the maximum you can withdraw is $5,000. That means that $1,000 will go down the drain even though you won them fair and square. It’s essential to be aware that even the best online casino bonuses have withdrawal restrictions and understand the conditions and limitations that apply to your bonus funds.
Special Requirements
Along with the terms and conditions we’ve highlighted, casinos sometimes include special requirements. For example, many sportsbooks have minimal odds requirements for welcome bonus wagering requirements to be fulfilled. The minimal odds on accumulator bets usually range from 1.5 to 1.8 per selection. Therefore, check for special requirements like these in the welcome bonus terms and conditions.