Terms and Conditions Decoded: Ensuring Your Bonus Doesn't Go to Waste
Each bonus offer comes with its own terms and conditions. These rules or limitations require you to do things like wager a specific amount, limit your withdrawals, deposit using a specific method, and more to qualify for your bonus money. Learn to understand the terms and conditions on an active casino, or you could miss out on bonuses.
Understanding Time Limits
Some bonuses, particular free spin offers, come with time limits attached. When looking at promotions, watch for time limits. If a promotion has a time limit, be quick to use up your bonus money or free spins so you don't lose them.
Wagering Requirements are a Vital Consideration
Nearly every bonus can have wagering requirements attached to it at a casino. If you find an offer you like with wagering requirements, you'll have to wager a specific amount of money to claim the bonus money or the winnings achieved from free spins or bonus money. Wagering requirements are a multiplier you multiply the bonus funds you receive by or the money you win while using your free spins. If you have 30x wagering requirements, you must multiply your deposit match bonus funds by 30 to learn how much you must wager to withdraw the funds. If you're using free spins, you must multiply any winnings you get from the bonus by 30 and wager at least that amount of money before you can withdraw your winnings.
Game Type Exclusions
When working to meet wagering requirements, you also have to look for any game-type exclusions. When meeting your requirements, some game types will be excluded or will count less than others. For instance, slot wagers usually count 100% toward your requirements, but table games likely count for 50% or less. While reading through the terms of any bonus note, the game type exclusions you you're only play games that will effectively push you toward your wagering requirements.
Maximum Bonus Limit
With deposit match bonuses, there are maximum bonus limits. These limits keep you from getting too much bonus money from a single offer. Learn what the withdrawal limits are for an offer you're interested in so you don't add more money than necessary. Avoid depositing more funds than you need to reach the maximum bonus withdrawal amount. Instead, save the rest of your money to use claiming other bonus offers.
Withdrawal Limits
When dealing with free spin bonuses and other offers, you have maximum withdrawal limits. This is especially common for free spin offers. If you win big using free spins, you may only be able to collect $20 or $50 of the money before the casino stops you from taking out the rest. That's because the bonus offer doesn't allow you to take a large withdrawal. Instead, your winnings must be given up with many bonuses.
Excluded Deposit Methods
While it's rare compared to some of the other details you should know about in the terms and conditions of casino bonuses, some bonuses exclude certain deposit methods. If you're using bonuses at a casino, it's best to understand which deposit methods you can use to claim the offer. Often any method is okay, but some bonuses have specific deposit requirements. Watch for deposit method exclusions or requirements and follow that data.
Bonus terms and conditions can be confusing. Learning to understand all the rules helps you learn to claim bonuses effectively. Always read the terms of a bonus you're considering claiming, and use the rules to get as much money from the offer as possible. When you understand a bonus, you can get a better payout from it or decide when you should choose a different bonus instead.