What Is an Online Casino Bonus?
What You Need to Know: Wagering, Restrictions, etc.
An online casino bonus is “free” money but it’s not money you can just cash out and take to the bank. Casinos can’t afford to give away money in this way because no one would have any incentive to play. It would be all too easy to just claim an extra $100, request a withdrawal, and make quick profit with no risk and no effort.
So, to prevent this from happening, an online casino bonus will always have certain wagering requirements attached to it. This is essentially a number of times you’ll need to put the entire bonus amount on the line before you’re allowed to cash out, i.e.
- 30x wagering on $100 bonus – wager $3,000 in total
- 45x wagering on $50 – wager $2,250 in total
- 60x wagering on $500 – wager $30,000 in total
This means that if you take a bonus, you’ll need to play with the money. The lower the wagering, the better your chances are of actually making it.