What You Need to Know About Casino Bonus Limitations
Casino bonuses were introduced into the industry several years ago and have remained an integral part of gaming ever since. They are akin to marketing tools used by gaming platforms to arouse and sustain the interest of both potential and existing gamers. Our site provides a lot of information on promos, as well as sites that have great offers.
What is a Casino Bonus?
A promo is an incentive offered by casinos to both first-time and returning gamblers in order to cultivate their patronage and loyalty. The player is entitled to accept or reject the promotional offer.
Types of Gambling Promotions
There are different kinds of casino bonuses such as free spins, welcome bonuses, and so on. These bonuses can either be match deposit, free bonuses, or both. For instance, free spins can be part of both deposit and no deposit bonuses.
A deposit bonus is granted to a player who has made a cash deposit into his or her casino account. In contrast, a free bonus is offered on the basis of other considerations, irrespective of whether the gamer has deposited money or not. For example, a free bonus can be awarded for merely opening an account or as a cashback bonus to a VIP player.
Bonus Characteristics
All casino bonuses come with certain requirements and limitations attached to them. It can be in the form of a wagering requirement or a withdrawal limit. A wagering requirement is simply the number of times a gamer has to play a bonus sum before becoming eligible to withdraw any winnings.
For example, if you get a $50 bonus after depositing $25 and the wagering requirement is ×4, then you must bet a total of $200 to qualify for cash withdrawal. That is, the casino bonus multiplied by the wagering requirement ( $50 × 4 ). Including your $25 deposit alters the calculation in the following way: Cash deposit + casino bonus × wagering requirement ($25+$50 × 5) = $300.
A withdrawal limit is the amount of cash that a gambler is permitted to withdraw from his casino account at any given time. For instance, a maximum withdrawal limit of $250 can be fixed for a particular bonus. This would mean that if a gamer won any amount above $250, say $500, then he or she can only cash out $250 and must forfeit the rest.
Conclusion
In order to be aware of limitations that may be imposed on any casino bonus amount, it is very important to know the characteristics of the gaming platform you wish to play on. This is true whether you are playing for free or with real money. One very good way of determining these limitations is to meticulously study their terms and conditions, even if you are an established client. Knowledge will be very useful in your decision-making process.
There are several software developers whose games offer different types of bonuses which you can select from, these include Microgaming, Aristocrat, NetEnt, IGT, and a host of others. Remember that the decision to accept or decline a bonus is entirely at your own discretion and that you have a lot of games from diverse developers to choose from.
