There are various types of bonuses available at the different online casinos which often lead to misunderstandings, confusion and unnecessary stress if you do not understand what they are. Here I will try to briefly explain the different types of bonuses to you. All bonuses will have a playthrough requirement before you can cash out any winnings, so make sure you know what this is and which games are allowed and which are not. Use the free online casino bonus calculator to calculate your required amount of wagers.
Before we get into the different types of bonuses, let me try and explain the playthrough or wagering requirements. This is the one point where most of the disagreements or confusion pops its head.
Example: You need to play your deposit plus bonus 20x before cashing out. (These numbers will vary from casino to casino) You deposit $100 and you receive a bonus of $100 – that will give you $200 to play with. Now you must wager this $200 at least 20x before you can think about withdrawing any winnings. That means you will need to make $4000 worth of bets.
Sometimes, a casino will say that you only have to play your bonus through a certain number of times. So, with the example above; You start with $200, but $100 needs to be played through 20x, meaning you will need to make at least $2000 worth of bets to cash out. Continue reading “What does playthrough or wager requirements mean at an online casino?”