Simplified Terms and Conditions for Deposit Bonuses
When you take advantage of a promotion at an online casino, then you need to realize that there's something in it for the site. They're banking on you staying around long enough, on average, that them offering the promotion in the first place ends up being profitable. The key words to pay attention to here are "on average," and with a little planning and common sense, you can avoid being anywhere near the average with these offers.
Basic Format of the Terms
The basic format of the terms for deposit bonuses and no deposit bonuses alike are as follows. You start with the bonus itself that you'll be getting, and you have wagering requirements (or play-through requirements) that have to be met before you can cash out. The idea is that the casino wants to make sure you're actually going to play instead of just leaving with the bonus funds. These two items are the main ways that casino bonuses compare. Note that different casino games can clear the play-through requirements at different rates, so take note of that for the specific games you want to play.
So suppose you have a $50 offer from our no deposit bonuses with a 20x wagering requirement. You multiply 50 by 20 to get $1,000, which is the total amount you'll have to wager before you can cash out your free chip and winnings. It's a pretty straight-forward idea.
Tricky Wagering Requirements
On deposit bonuses, you have to be a little more careful. One way that online casinos compare is in how their bonus terms work, and your play-through definition is a part of that. For some offers, 20x might mean 20 times the bonus amount. For others, it might mean 20 times both the deposit and bonus. The former is obviously more favorable, but a deal having wagering requirements that include the deposit doesn't necessarily mean it's going to be an unfavorable offer.
Let's look at a basic example of how this might work. If you look at the top 10 blackjack casinos, then you'll notice a trend where blackjack has a higher play-through than most games for bonus offers. One way that online casinos compare is in the blackjack games they offer, but they'll almost always share the same set of bonus rules and wagering requirements.
Suppose you take a 150 percent blackjack bonus with a 20x play-through on the bonus and the deposit, but blackjack only counts as 25 percent for the sake of the wagering requirements. If you deposit $100, then your bonus is $150, and your base play-through is 20 times $250 for a total of $5,000. Now you have to multiply that by a factor of four since blackjack only counts as 25 percent, and you learn that you need to play through a total of $20,000 before you can cash out your $150 bonus.
The top 10 blackjack casinos will likely have bonuses like this, and the main way that casino bonuses compare is in that final figure of exactly how much you have to wager before you can cash out. The first thing you should always do when evaluating a bonus offer is to find this amount, and that seems like common sense once you realize how it works. Overall, it's a good way to pick out which deals are better than others, and it gives you a standard that you can apply to all kinds of different promotions.
Find a Great Offer
Ready to find a great offer to add to your bankroll? Check out our online casino reviews to see how we rank some of the best deals available in the entire industry.