The Most Common Mistakes Players Make When Claiming Casino Bonuses
In the ever-growing online casino industry, more players are wandering through the virtual casino doors. The gaming floor is now filled with a wide range of games that now include live dealer and live game show games. However, while new innovations constantly continue to change the landscape of online casino play, one element has been present ever since the first ever online casino in history emerged in 1994.
We are of course talking about bonuses, and similar to the range of games, there are now a wide range of bonuses that can be claimed for casino play and sports betting purposes. However, as generous as online casinos are in handing out bonuses for a variety of actions, there are conditions to look out for in the use of them. Here are some of the main signs to keep an eye out for.
Wagering Requirements
The thing about bonuses is that players immediately get excited by them. However, it is always worth reading the fine print and it often states the term “wagering requirement.” This term is critical to the actual use of the bonus in gameplay. When you come across this term, it relates to the number of times a bonus has to be used or spent before any withdrawal can take place.
For example: a €20 signing up bonus is awarded with a wagering requirement of 10x. This means that €200 (20×10) must be spent before any withdrawal can be made.
Wagering requirements are not a catch. The concept is commonly used on online casino platforms worldwide. It is simply a stipulation to the bonus. But bonuses that come with this condition should not be completely considered as free money.
Expiration Dates
While wagering requirements affect how players can use bonuses, and more importantly, withdraw potential winnings, bonuses often come with expiration dates that affect when you can use them. There is no trick here either. It is the same as the food in your fridge that comes with an expiry date, bonuses can only be claimed up until a certain date and time, if specified.
In some cases, exclusive online casino bonuses can be free to use whenever and will not come with any such stipulation. However, if a bonus comes with an expiration date, ensure you use it before it disappears.
Withdrawal Methods
An ultimate point to look out for revolves around payment methods and specifically, which methods cannot be used to claim bonuses or make bonus-based withdrawals to. Each online casino sets its own payment methods with more integrating cryptocurrency nowadays.
Typically, though, any withdrawals made using bonuses are generally returned to the same payment method due to anti money laundering rules. There are also a handful of other methods where stricter withdrawal rules apply. For example, the use of credit cards for gambling purposes is banned in the UK, which rules out this method for online casino players in this market.
Terms surrounding bonuses awarded for deposits made by e-wallets and prepaid cards also differ wildly, with e-wallets following the same general rules of same method transactions. Prepaid cards are a one-off payment method and are not valid for withdrawals. Regardless of what the preferred payment method is, it is always worth checking the payment terms and transaction times for all available methods, including cryptocurrency.
Beware of the Bonus
Bonuses have played a key role in rewarding customers for loyalty to a provider. They also present players with opportunity to play with extra funds. However, the points outlined in this piece are key to the usage of bonuses and represent some of the common mistakes made when using them.
The views and opinions expressed by the writers and columnists of Casino Player, Strictly Slots, and Casinocenter.com do not necessarily reflect those of the magazine’s management. All content is intended solely for entertainment and informational purposes. Gambling may be illegal in some jurisdictions—it is the responsibility of each visitor to check and comply with local laws before participating in online gaming. Always read the terms and conditions, and gamble responsibly.
