There isn’t a single online gambling operation out there that doesn’t offer its players some kind of bonus these days. Bonuses have become the norm in the industry and as the competition heats up, they tend to become ever more generous. Why is it then tricky to secure one that’s indeed lucrative? Because of the various terms and conditions that online casinos slap on these bonuses of course.
Whether or not you’re required to make a deposit in order to receive your bonus doesn’t really matter: you’ll be required to fulfill the redemption requirements before you get your hand on any sort of “free” money. The redemption requirements are really what make or break these bonuses. It is through these requirements that online casinos tweak the real value of their bonuses.
Suppose you pick up a percentage match bonus on your first deposit at an online casino. When the transaction is completed, the bonus money lands in your real money account, which means that unlike in online poker, where you can’t really touch your bonus until you fulfill the requirements, in online gambling, you’re free to take your bonus money to the tables straight away.
That does not mean however that you can cash out at will too. Until your bonus redemption requirements are fulfilled, you’re free to play but you pretty much have your bonus as well as the money you’ve deposited locked in your account. Some online casinos will allow you to make a withdrawal, but in that case you will automatically lose your bonus, so it’s not a recommended course of action at any rate.
The withdrawal requirements are generally quite steep in online gambling, but they can be fulfilled nonetheless. The bigger problem is that some of the turn-over requirements will limit play to certain games. That’s quite an issue, because if you sign up to an online casino to play roulette, but you’re only allowed to redeem your bonus through slots/keno and such games – which you do not care one bit about – the bonus will pretty much lose all its value for you. Make sure you know exactly which games you’re allowed to redeem your online casino bonus on. Don’t get tangled up in the intricacies of the numbers involved and forget about this much more important issue.