Bonuses have many different qualities. You need to pay close attention to these before you collect and start using them. These terms include:
Amount
Online casino bonuses can differ quite considerably in size, ranging from just $5, $10, or $20, to over $1,000. This is something you should pay close attention to, making sure the deposit amount is suitable for your style of play and your budget. You should also check whether the bonus requires you to make a deposit or not. Generally speaking, smaller bonuses have fewer requirements, but this isn’t always the case.
Game Context
Many bonuses are limited to specific games. This is more common with Free Spins, which are often limited to single slots or to slots created by specific developers, but it’s also true for some Deposit and No-Deposit bonuses. What’s more, many bonuses have wagering requirements that do not include certain games or give more weight to some games than they do to others.
Redeemable / Non-Redeemable
A bonus may be redeemable or non-redeemable. In the case of the former, then the full amount, which includes the deposit and the bonus, can be redeemed when the wagering requirements have been met. As an example, if you deposit $100 and receive a $100 bonus, then the full $200, in addition to any winnings, can be redeemed once the requirements have been met.
With a non-redeemable bonus, only the winnings can be withdrawn. If, for example, you deposit $100, get a $100 bonus, and win $50 while you meet the requirements, then you will be able to withdraw $150.
Wagering Requirements
Wagering requirements are used in nearly all online casino bonuses and must be met before the bonus can be withdrawn. Also known as a Playthrough Rate or a Bonus Rollover, these terms dictate how many times the bonus needs to be wagered or risked before the bonus can be fully unlocked.
Wagering requirements are often listed as a number with a multiplier, such as 30x, 40x, or 50x. This means that the money needs to be wagered a total of 30, 40, or 50 times. If that amount is $100, for instance, then a total of $3,000, $4,000, or $5,000 would need to be bet before it clears.
The requirements can be attached to one of the following:
- Multiplier of the Deposit:Â The wagering requirements are attached to the deposit cash and not the bonus. If, for instance, you deposit $100, then this is the amount to which the requirements are fixed, even if you get an additional $100 bonus for a total of $200.
- Multipliers of the Bonus: The requirements are fixed on the bonus itself. In the above scenario, it would still be $100, in which case the requirements wouldn’t change, but the bonus amount is not always the same as the deposit amount and may be more or less.
- Both the Deposit and Bonus:Â In this case, the full amount is used. In the first scenario, this means the wagering requirements would be attached to the $200, as opposed to $100.