About Online Casino Bonuses – Wagering Requirements Explanation

Getting a bonus for any reason at an online casino does not mean that you can simply cash out what they gave you. In order to cash out that bonus, as well as any winnings derived as a result of getting that bonus, you must meet the minimum wagering requirements set out and described in each casino’s bonus offer terms and conditions.

This is VERY IMPORTANT to understand.

Through the years we have received more complaints and heard from more aggravated players from around the world about this one issue than any other issue hands down.

So what exactly are wagering requirements? Let’s use an example.

Let’s say that you get a $100 bonus for any reason, whether it be a single deposit matching sign up bonus, a new player bonus, a double, triple or quadruple deposit bonus, or whatever, the point is you got $100 more than you deposited into the casino.

Now, in order to withdraw any money from your account you must wager a certain amount more than $100 and each casino’s bonus wagering requirements are different. So let’s say the casino that just gave you the $100 bonus requires a 50x wagering requirement before cashing out. This means that you must make bets worth $5,000 before you can cash out one dime.

How is this is a problem? Well, let’s say you get your bonus and within the first few pulls of a new slot machine you win a jackpot, say you win $10,000. You won’t be able to cash out that money until you wager $5,000 worth of bets. This does not mean you have to lose $5,000, this means you must place $5,000 worth of wagers.

The reason casinos do this is not to screw over or trick players, although sometimes it seems that way. Rather, it is a way to protect the casino from going bankrupt. If there were no wagering requirements than anyone can sign up, deposit whatever, get the bonus and cash out without even playing. That would not be fair, and in the early days of online gambling that used to actually be the way things went.

This normally is not an issue to players who hit a jackpot, but it is more detrimental to players who win slightly more than the amount they deposited or received in bonus money. Let’s say the player is up $100 but they have only wagered $1,000 in bets, they still have to bet 5x’s more than that in order to cash out, so it is a possibility that they lose the money before they meet the wagering requirements.

With all being said, we here at USA Online Casinos LOVE casino bonuses! They typically let you experience more fun than you would without the bonus, and the fun is the whole point of playing games online. If your goal is to try and make money from gambling online, you actually should not be playing as you could have a problem.

If you are a player that gets nervous about shady-looking things, then simply do not accept any bonus offers from an online gambling site. Declining a bonus is a perfectly normal thing to do. You should also not play at any casino that makes it mandatory to accept bonuses, or that automatically credits bonuses to player accounts.

Overall, simply look into the wagering requirements before accepting a bonus offer online. Some brands offer wagering requirements that are just plain ludicrous and insulting. Avoid all casinos that have outrageous wagering requirements, like 10000x’s the bonus offered. This is a sign that the online casino is a shady brand and should be avoided at all costs.

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