Who doesn’t like free stuff? From free food at the supermarket, to free drinks to random free items and services, you can get anywhere and everywhere–everybody loves free things. This is the same for online casino players–they love bonuses.
However, are bonuses in online casinos as straightforward as a free taste of a drink you can get from a supermarket? In truth, here are terms and conditions that come with a casino bonus that you need to understand. Here are some of them.
Playthrough, or sometimes called in other terms as the rollover, refers to the amount that you must bet on before you can unlock any or all of the bonuses given to you, along with any winnings you may have incurred using it.
To better understand how playthrough or rollover works, think of this situation. For example, if you are playing in an online casino that offers a 100% match deposit bonus for a maximum amount of $1000. A match deposit bonus means that the casino will give you a certain percentage of the deposit you make as an additional bonus. In this case, you get 100% of your deposit added in as a bonus.
Let’s say that you deposited $500, earning you a bonus of $500 as well. If the set playthrough by the online casino is 30X the given bonus, this would mean that you have to wager a total amount of $15,000 to be able to access the bonus money and withdraw it, along with any winnings you might have earned.
One more factor that you need to consider here is the set time limit for you to reach the playthrough. Some online casino gives only 24 to 48 hours to accomplish this.
Cashable vs. sticky bonuses
There are two types of deposit bonuses, and they differ in the amount of money that you can withdraw at the end of it all.
A cashable deposit bonus means that as a player, you can withdraw the full amount of the bonus given plus all the winnings you can have, after meeting the required terms and conditions. On the other hand, a sticky deposit bonus means that only the winnings from the bonus given can be withdrawn.
Sticky bonuses are called as such because they “stick” to your account until you have used them all up. In other words, they are not meant to be your own “money” but rather, money in your account that you can use to generate winnings.
Maximum betting limit
A maximum betting limit is set by online casinos in order to patch a loophole regarding the rules of a playthrough. Some players who think they are too wise for their won good might think of this: if the playthrough requirement for my bonus is simply betting the said amount in one go.
This is what max bet limits are for. For example, if the max bet is $20 per bet, you have to play through your required rollover by betting $20 one at a time.
Limited deposit options
Deposit methods may be the last thing that you might think of is worth taking note of when it comes to depositing bonuses. However, they are actually important. Not all deposit methods that you may be using are qualified for a deposit bonus.
Are you a fan of using e-money wallets? This might not be a piece of good news for you, as some online casinos actually do not count deposits made from e-money wallets as qualified for a deposit bonus. The reason for this is that there have been claims and reports that players are able to abuse the deposit rewards system through the use of e-money wallets.