Three Important Things to Take Into Account for Welcome Bonuses
Many online casinos nowadays offer lucrative welcome bonuses for new players. These are always so generous and give players a lot of money on top of their initial deposits. However, you cannot actually withdraw that money, but only use it for playing casino games.
The only way you can withdraw them is to meet the wagering requirements. In this article, we’ll discuss what this is and explain two additional terms — “redeemable” and “max cash out.”
Wagering requirements denote the number of times you have to play your bonus amount through to be able to withdraw it. For example, if the welcome bonus for a site that offers USA online slots is 100% and you deposit $20, that means you will get an additional amount of $20 as a bonus.
However, to be able to withdraw that money (or any additional amount you receive from winning while playing with bonus money), you need to meet the wagering requirements. If they are set to, say 10x, you will have to deposit and play through a total of $200 before the bonus amount becomes available for withdrawal.
When you’re reading bonus T&Cs, you will probably notice that there’s a “redeemable” option with a certain number next to it. This indicates the number of times you can redeem a certain bonus. Welcome bonuses are usually redeemable only once.
However, there are additional promotions that you can redeem several times. Some of them have the word “unlimited,” meaning there’s no limit to how many times you can claim the bonus.
Max Cash Out
Finally, some bonuses have an upper cap to how much you can cash out once your bonus money becomes available. The higher the cashout, the better.
In some cases, you will find that bonuses don’t have the upper cap, meaning you’ll be able to cash out as much as you want, once your bonus money becomes available.
These are just some of the important things that you need to consider when analyzing bonuses. It’s important to know that the best bonus is not the one that offers you the most money, but the one that offers you the best conditions, including the three listed here.
If you want to play games with some of the best bonuses on the web, make sure to check out our site. We made a list of casinos that offer some of the best slots bonuses, so take a good look at it and feel free to join one of the available sites.