Every online casino has its terms and conditions, and every player must abide by them when using their platforms. Players accept these conditions as and when they sign up for the platform and get bonuses like 25 euro no-deposit bonus.
While the paper is lengthy and tiresome to read in its entirety, most individuals do not even read these terms. However, neglecting to read the rules before placing an online wager does not exempt you from them or prevent you from facing consequences for failing to comply. You may typically find the Terms and Conditions at the bottom of a website’s landing page and read them without registering.
Terms and Conditions associated with bonuses
It is crucial to understand the T&Cs associated with various bonuses offered by a casino because they pertain to our finances. Each operator has regulations for depositing, withdrawing, playing, privacy, etc. Let us try to understand various terms and conditions associated with the bonuses.
Wagering Requirements
Wagering is one of the main T&Cs associated with the bonuses offered by any online gaming website. Wagering can be said as an obligation on the part of a player who signs up for an online casino. Even though the bonuses are considered freebies, to encash them, one has to bet to a stipulated amount, and the required quantum is determined by the terms and conditions related to the wagering.
We can understand it with a simple example. If you get $50 as a welcome bonus with 10X wagering requirements, to encash the bonus, you have to bet at least $500, i.e., ten times the bonus given to you. If the bonus was a deposit match bonus, then wagering requirements include the deposit you made while calculating the wager. Wagering requirements are different in different casinos.
Another thing that must be considered is the games that allowed for wagering and their percentages. So casinos may allow only a 10% wager on blackjack while a 100% on a slot. So, before betting for a wager, one has to know which games are allowed and up to what % in this regard. So if you ever come across a no-wager bonus, it’s a must-try.
Cash bonus Vs. Play bonus
Understanding the difference between a cash bonus and a play bonus is a must. Cash bonuses can be encashed when one fulfills the wagering requirements. But, the play bonuses are meant only for withdrawal.
They can be used for deducting your losses incurred while playing, which can be done only after one finishes his or her deposits. Of course, cash bonuses are worthier, but play bonuses, too, have their advantages.
They provide further opportunities to try luck and extended playtime. Usually, the play bonuses offered by online casinos are much bigger than cash bonuses. In that way, too, play bonuses get their importance. Players often miss claiming play bonuses due to a lack of knowledge about their availability.
Time Limits on Bonuses
Bonuses provided by the casinos do have an expiry time, and the terms and conditions regarding these time limits can be seen on the websites, or one can get clarifications about it from the customer support desk of the platform. The offered bonuses must be encashed within the stipulated time per the T&Cs by making wagering requirements.
If the time lapsed, then you would lose the entire bonus. But if the bonus amount is big, then the wagering amount would also be quite big, and it would need a big bankroll to bet such a huge amount within a short period, that is, before the expiry of the time limit. So, it is important to know the terms regarding the validity period of the bonuses.
Withdrawal Limits
The terms relating to withdrawal are not much considered by the customers unless they encounter a situation. Every online casino has terms and conditions regarding cash withdrawals and the time limit. For example, a casino can restrict its customers’ one-time withdrawals to $5000, or it can restrict a limited number of withdrawals per week, and so on. The T&Cs may vary for every casino. The customer must know them properly.
The following table shows some of the casinos and their withdrawal limits.
Name of the Casino | Minimum Withdrawal | Maximum Withdrawal(Per week) |
Casino 360 | € 50 | € 10000 |
Jack 21 Casino | € 25 | € 1000 |
DublinBet Casino | € 20 | € 5000 |
GGBet | € 10 | € 5000 |
Monte Cryptos | € 25 | € 1000 |
Lucky 31 | € 20 | € 5000 |
Magical Spin | € 20 | € 1000 |
Royal Rabbit | € 20 | € 2500 |
Cresus | € 25 | € 2500 |
Restrictions on Payment Options
Often, casinos restrict their payment options to encash bonuses. Many casinos support most of the popular payment options like PayPal, PayNearMe, and other cards like Visa, Mastercard, AmericanExpress, and so on. But some sites do not allow Neteller or Skrill for want of security reasons. If payment is made through these unauthorized methods, one may not be able to claim the bonus.
Limits on Betting
The size of the bets that can be placed with bonus money and the amount of money that can be won with bonus money are commonly capped by online casinos. These caps are typically expressed as a percentage of the total bonus sum on websites. This is done to prevent people from having a huge victory after only a few spins, which would result in them meeting the criterion too quickly. So, knowledge about the terms and conditions of the betting limits is necessary.
Cannot claim more than one bonus at a time
Almost every casino provides only one bonus to avail at a time to its customers. It is done so to simplify things for players and stop them from getting many bonuses at once, which would end in a loss to the gaming site. The bonuses are meant for promotions, and their benefits of them can be availed by the casinos only if they allow one offer at a time. So, as a customer, one can select the best-suited bonus offers by knowing the terms and conditions.
The governing authorities frame all the terms and conditions to protect the interests of both the customers and the Casinos. So, understanding the rules and regulations before signing up and following them would benefit every user.