Terms like wagering requirements and online slot bonuses are enough to put any new slot player off their game. However, it does not have to. Find in this article a simple explanation of wagering requirements and online slot bonuses that will put you at ease.
A Quick Run-Down of Online Slot Bonuses
Almost every casino on the internet has some or other online slot bonus offer but how do you know which one to choose? Find below some of the most common online slot bonuses. Hopefully you will find one that suits your needs.
Deposit bonuses require that you make a deposit in order to activate that particular bonus. With this type of bonus the casino usually gives you a percentage of your deposit as bonus money. This can be up to 100%or even more.
As the name suggests, no deposit bonuses do not require any deposit. All you have to do is sign up and the money will be deposited into your account.
Free Spins Bonuses
This one is perfect for the slot fanatics. With this bonus, a casino will reward you with a number of free spins just for signing up. However, do keep in mind that some of these bonuses specify where you are allowed to use the free spins. Free spins can be offered in combination with bonus money or on its own.
A non-sticky bonus refers to bonus money that you can cash out/withdraw if you have met the attached terms and conditions.
Sticky bonuses are the exact opposite of cashable bonuses. You cannot withdraw or cash it out. You are only able to cash out what you have won.
Unfortunately, most online slot bonuses are accompanied by wagering requirements.
Wagering Requirements Explained
Simply put, wagering requirements mean that players will have to bet the bonus amount a specific number of times before they will be able to cash out their winnings. Additionally, some casinos may also require that you make more deposits before you are eligible to cash out. Wagering requirements usually also have to be met within a certain timeframe. So just be aware of this.
Why Are Bonuses Accompanied By Wagering Requirements?
A casino is essentially a business. Without wagering requirements they would just be handing out money for free. Do you know any businesses that do that? And more importantly, are they still around? Probably not.
The Importance of Understanding Wagering Requirements
You need to study and understand the wagering requirements of a specific bonus before you can benefit from it. Imagine you win big and you want to cash out, only to find out that since you have not met the wagering requirements before requesting a withdrawal you have forfeited all your winnings. You will be disappointed to say the least. So make sure that you have read the wagering requirements carefully and if you need any clarification, feel free to contact customer service. Rather safe than sorry.