What You Need to Know about Online Casino Deposit Bonuses
Casino deposit bonuses appear enticing but you shouldn’t be too quick to accept them. There are things you need to know and understand before you avail of these casino offers. Here’s a summary of the important details you should pay attention to.
Minimum and Maximum Deposits
Before you can get a deposit bonus at an online casino, obviously you have to make a deposit. A minimum deposit amount is usually required. In the case of the bonus that can be obtained through the US caesars casino bonus code, for example, the minimum deposit required is $10. On the other hand, there is also a maximum amount of obtainable bonus set with this bonus. It is $300 in this case. Deposit bonuses are usually match bonuses stated as a percentage of the deposit made along with the ceiling amount. The example here is stated as a 100% deposit bonus of up to $300, which means the bonus is equal to 100% of the deposit made but not more than $300.
Wagering or Playthrough Requirements
Here’s the more important part: deposit bonuses usually come with a wagering requirement also known as playthrough or rollover requirement. Expressed as a multiplier, this refers to the number of times the bonus should be used to play before this bonus (along with the winnings earned by using it) can be withdrawn. For the example mentioned earlier, the wagering requirement is set at 10x the bonus and deposit. This means that if you deposited $10, you get a bonus of $10. The wagering requirement is then $200 or 10x the sum of the deposit of $10 and the corresponding bonus of $10.
This 10x wagering requirement is relatively small. In a number of big online casinos, this multiplier is usually around 30x or higher. Additionally, a period is also set, the time within which the wagering requirement needs to be completed. In the Caesars Casino bonus example here, for instance, the period allowed is 30 days.
Deposit and No Deposit Bonuses
Also, it’s important to clarify the difference between deposit and no deposit bonuses. Deposit bonuses are bonuses that require a deposit before they can be obtained. No deposit bonuses, on the other hand, do not mean that the online casino does not offer deposit bonuses. Instead, it means that the casino offers bonuses that don’t require a deposit. An example is a free spin bonus offered for merely signing up at a casino.
If you want to get a bonus, be sure to deposit the minimum required deposit. More importantly, be sure that you can complete the wagering requirement. Failure to complete the wagering requirement usually means that you will not be allowed to withdraw the bonus amount along with any winnings you received as a result of it. This means you forfeit the bonus and your winnings.