Ever wondered how casinos can afford to give away so many bonuses?

The player must read, understand and accept the set of terms and conditions of the casino bonus. For you to have a positive online casino experience, you need to know how the casino bonus works and what it will take for you to be able actually to cash out your winnings.

You might wonder how casinos can afford to give away so many bonuses. Since they are not physical casinos, the costs of running the casinos are much lower. Majority of the costs go into developing the website, casino games and driving traffic to the website who will sign up to play the games.

Every bonus comes with restrictions or wagering requirements which a player has to meet before they can cash out their winnings. In some cases, casinos provide wager free bonuses, and a player can withdraw their winnings immediately. However, in most cases, a player has to spend a certain amount of money or deposit real money into their casino account.

What are the wagering requirements?

These are the actions a player must take before they can withdraw their winnings. Wagering requirements are usually stated in the terms and conditions of the bonus. Wagering requirements can include the number of times you must play for the bonus to be cashed out, minimum withdrawal limits, a time limit or an amount that must be deposited into the casino account. The requirements are attached to various casino bonuses such as sign up offers, free spins and no deposit bonuses.

Wagering requirements play a vital role in the casino industry and staying ignorant of them can have a serious cost implication to you.  In a rush to play the games, most people overlook the terms and conditions. New players are especially prone to a negative casino experience if they accept a bonus casino without reading the fine print.

Each game contributes a different percentage to the wagering requirement. Online slots contribute more, than table games such as roulette and blackjack. Every player needs to understand the different percentages and the impact they have on your bankroll.

How are wagering requirements calculated?

Calculating wagering requirements might seem like a difficult task to new players. However, it is a simple calculation and can go a long way in ensuring you make the right choice. It is every player's best interest to calculate the wagering requirements before they opt into an online casino bonus.

For instance, if a casino bonus has a wagering requirement of x5. If you want to deposit $20 and the casino bonus is $60 then;

$20 (your deposit) + $60 (casino bonus) x 5 (wagering requirement) = $400

How to spot the best casino bonus

Wagering requirements are meant to protect the casino. Indeed, they give away bonuses to their players. To protect themselves, they have to impose certain restrictions. You can spot the requirements in the terms and conditions, and they are usually listed with an X positioned just before the number. To withdraw your winning, you need to place a bet with your deposited money the number of times stated.

Whether you are slots fan or table game lover, you must read and understand the terms and conditions of the bonus casino before you accept it. This is especially the case if you are playing for real money.

If your bonus does not have terms and conditions attached to it, there is cause for concern. In addition, the wagering requirements and any restrictions must be stated. If they are not, you should contact the customer care team.

If you decide that online casinos are the way to go, do your research and see what each casino has to offer and select a casino that has been proven 100% credible. Also, check out the customer reviews to see how the players find their experience. You can also find a list of best casino bonus on online casino forums.

Online casino bonus categories

There are several casino bonuses that a player can be awarded. Some are easily cashable while for some you cannot withdraw the winnings.

Cashable bonus

These bonuses require you to complete all the wagering requirements on the specific games. The game restrictions and wagering requirements for each casino vary from game to game. It is important to note that some casinos nullify your bonus if you request to make a withdrawal before meeting the wagering requirements. Ensure you complete the requirements to avoid losing you bonus money. Cashable bonuses include a deposit bonus, no-deposit bonus, loyalty bonus and referral bonus.

Sticky bonus

There are two types of sticky bonuses. In one type, you can wager using your bonus but do not have the option to cash it out. For instance, if you make a deposit of $50 and are awarded a $20 bonus you have $70 to utilize. If you win $20 from the bonus, you can withdraw it, but your bonus is permanently removed. In the second type of sticky bonus, you can wager your bonus, but the bonus is not removed when you request to cash out. You can still use it to place a bet and increase your chances of winning. You can still proceed to wager it in a bid to boost your chances of winning.

Once you get to understand wagering requirements, you are all set to go and start gambling for real money. You can utilize your bonuses efficiently, and online casino games will be so exciting that you will want to keep playing.