There are many online casinos on the Internet that commonly use welcome bonuses to attract new gamblers to play on their platform. These promotions seem attractive upfront, but not all are worth your time and money.
Therefore, you should know some pointers before signing up to avail of those rewards.
Find out if the Casino Is Legit
Legit casinos should pay you if you win. That is why you must do your research on the casino before signing up and taking the bonus. Read what the customers say about this casino and read genuine reviews about it.
Check if the casino holds a real license to operate before you waste your money on it.
If you have been a gambler for a long time, you already know what it is. If you are a new player trying to get your hands on those juicy welcome bonuses, you should read about what comes with it. These rewards often come with wagering requirements
The wagering requirements are highly advantageous to the casinos. These prerequisites avoid bonus abusers and prolong your stay.
If you do not meet these requirements, you cannot withdraw the money from your account. If you do, the casino will forfeit the bonuses and the wins. Some casinos will even charge an additional fee if you fail to meet the requirements.
The most common requirement is 30 times the bonus. This requirement differs from one casino to another. That is why it is essential to read the terms before you agree to receive the rewards.
Application of the Wagering Requirement
Aside from the wagering requirement, you should also be aware of where this prerequisite applies. Some casinos want you to wager on both of your deposit money and the bonus, which makes reaching the requirement harder for you.
For example, you deposit 10 dollars on your account. You sign up for the 100 percent welcome bonus and receive 10 dollars bonus. If a casino requires you to wager on the deposit and bonus money for 30x, you should reach the 600 dollars wager before you can cash out.
Also, some casinos only require you to wager on the bonus money. Finding casinos with such requirement is advisable.
Casinos also set the time until when you can use the bonus money to wager. If you go beyond the set deadline, they will forfeit the bonus and the attached wins.
Limitations on the Win
If you think you can win an endless amount of money because of the bonus you receive, you are wrong. Some casinos set how much you can earn, especially if it is more than 300 percent or without wagering requirements.
As you can see, welcome bonuses are just a beautiful façade for promotion. They come with requirements, which can be an advantage or frustration to you.