How To Manage Bonus Terms
Even though it might not be the most exciting task, investing time in assessing bonus terms is highly beneficial. Here are the most important things to look out and consider for when conducting your initial review.
Wager Your Bonus Effectively
Wagering requirements greatly affect your chances of winning real money with a bonus. For instance, a bonus with a 40x wagering requirement only on the bonus amount is better than 30x applied to both the bonus and winnings amount.
Fair wagering requirements range between 20x and 40x. It’s also ideal for your wagering requirements to apply only to the bonus amount, and not the associated winnings. To learn more about bonus wagering, see our wagering requirements guide.
Consider The Consequences Of Game Weighting
While table games have a lower house edge and thus increased success rates, they’re often weighted to a punishing extent. The fallout is that you’ll probably run out of funds before you meet the wagering requirement.
Casinos often set a wagering contribution ratio of around 10% for table games. This means that just 10% of your bets contribute towards meeting the requirements. For example, if you place a $1 wager, only $0.10 will count towards wagering your bonus.
Say you receive a $100 bonus with 30x wagering requirements. To meet these requirements, you must play a total of $3,000. However, since only 10% of your bet counts, you must wager $30,000.
Our guide to game weighting includes professional guidance and recommendations to help you choose games strategically.
Pay Attention To Your Win Limit
Online casinos always limit the amount of cash you can withdraw from a no deposit bonus. If you try to cash out more than the limit, you’ll forfeit the remaining winnings. For example, if you win $30 but the cap is $10, you can only cash out $10. This means that you’ll forfeit the remaining $20.
Win limits usually fall between $10 and $50. Limits above $50 are considered exceptionally generous, while those of $10 or less are considered subpar.
Understand Game Eligibility
Certain casino games with high house edges are often excluded from bonus play. For instance, live casino games and slots with exceptionally high Return to Player (RTP) percentages are commonly restricted, as they offer a better winning chance in the long term.
Some jackpot slots are not eligible due to their payout structure. For example, you may receive a higher payout when you hit a winning spin in a highly risky game. So always carefully check the terms for any mentions of excluded games.
Consider The Betting Limits
Online casinos enforce a maximum bet limit when playing with bonus cash or bonus winnings to meet wagering requirements. Some sites automate the limit, so it’s impossible to bet above the cap, but sometimes you’re expected to observe the restriction independently.
If you place bets above this limit, the casino reserves the right to invalidate any withdrawal request of funds derived from bonus winnings.
When playing with free spins, the casino sets a predetermined bet per spin, which cannot be adjusted. When playing with bonus credit, casinos generally restrict you to a maximum bet of $5, but some casinos allow up to $10.
Top Tip
Look Out For Rogue Casinos
If a casino doesn’t adhere to standard T&Cs, it should raise red flags. To identify a rogue casino, watch out for excessively generous bonuses and unclear terms, particularly if the casino lacks proper licensing or makes sudden changes to its terms.