Whether you’re a gambling degenerate or weekend warrior, you’ve probably tried your hand at online sports betting or an online casino. Sports betting is said to be a $150 billion industry, and those numbers figure to be on the conservative side.
Plus, by the year 2024, at least 50% of all Americans will live in a state with legal sports betting and online gambling. Maybe you just signed up for a new online casino and received an online casino bonus? But, you don’t know the ins and outs of how the bonuses work.
Check out the rest of the article below to get the sweet and lowdown.
The Wagering Requirements
Wagering requirements differ from online casino to online casino. Every betting site has its own perks and rules and regulations in regard to its bonus system. Here you’ll find basic wagering requirements explained.
Some are more generous than others and some make it easier for you to claim your winnings when you initially received a sign-up bonus which is the most common type of bonus.
You can also get a casino bonus from placing or winning a certain number of bets. Another way to receive a bonus from your online gambling site is to be a loyal customer over a certain amount of months or years.
All you need to do is read through everything before signing up or agreeing to the bonus rules and wagering requirements. Make sure you understand all of the loopholes as there can be several just to claim your winnings.
Some online gambling sites require you to initially deposit a lot of money to get a bonus and then you may need to make upwards of 40 bets to be able to cash out.
Online Casino Bonus
The biggest casino bonuses are typically for those who are new to the site. This is one of the best ways online bookmakers use to attract new blood. You’ll often be matched dollar for dollar with however much you deposit the first time around.
Some online casinos give 50% of a match. And they typically cut it off at a certain number, say $1000. Another initial bonus is usually some free spins on a game so you can learn the ropes before you actually play with your own money.
There are also in-game bonuses and you get those once you spend a certain amount of money. It’s similar to being in a regular casino and getting “rated” by the floor supervisor.
When you’re “rated” you get perks like free dinner and room discounts among other things.
But, for online gambling, you shouldn’t simply make higher bets to achieve this type of bonus since it usually goes by the number of wagers you make, not how much you wager.
The third style of bonus is the tailor-made one. It will seem to pop up after you’ve lost a lot of money and they feel you’re about to quit gambling on their website.
Place Your Bets
Now you’ve got a basic idea of wagering requirements and also how an online casino bonus works. You’re ready to sign up for one, two, or even three online gambling sites and check out your bonus options for each.
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