When gambling online, there are specific things you need to look up under a casino’s terms and conditions. These things won’t be listed in the advertisements or promotions information designed to draw you in.
The Welcome Bonus and Other Rewards
Some casinos offer substantial bonuses that match your deposits or free spins to attract new customers. These might seem generous, but you need to look at the rules of each bonus, so you don’t expect more than the casino offers.
For example, a casino might offer you 500 free spins, but they aren’t all given at once. Instead, you get your first 50 free spins on the day of your first deposit and then in bundles of 50 a day for the following nine days. Some games might also be excluded from the bonus spins reward.
Welcome bonuses aren’t the only reward you’ll get, as many casinos have weekly promotions and tournaments you can opt into. You need to check all of the limitations set on bonuses, though. Rewards will expire pretty quickly, and it’s up to you to keep track. Apart from the limitations like expirations and specific games, casinos don’t give away anything for nothing. Enter the wagering requirement.
The terms and conditions of rewards need special attention. When opting in for a bonus, you need to adhere to wagering requirements (WRs) before being able to get your winnings out of your casino account. This doesn’t concern people who enjoy playing and never expect to withdraw their money but use it to keep playing.
However, even those people have to be aware of WRs in case they win big. WRs are amounts you have to stake with your bonus to cash out the winnings from the said bonus. If you deposit CA$50 into your bankroll and the casino matches the deposit 100%, they give you CA$50 extra to play with. The casino’s WR is 20x, meaning that you have to stake 20 times CA$50, i.e., CA$1,000, before being able to withdraw the winnings earned with the bonus CA$50.
Deposit and Withdrawal Rules
Reputable casinos usually have quite a few options to choose from when it comes to payment methods. Deposits are often easy and quick to reflect, but the withdrawals are complicated and filled with restrictions.
First, you need to check the methods available for payouts. These will range from debit or credit cards and bank transfers to various e-wallets and virtual payment processors. The different payment options come with different reflection times. Bank transfers might take up to five days to show in your bank account, where e-wallet payout could reflect instantly or on the same day.
All casinos have deposit and withdrawal limits that might differ from one payment method to the next. The withdrawal limit is also monitored and capped on a daily, weekly, or monthly basis. This is important to remember if you’re lucky enough to win a jackpot. You might have to adhere to the limits and receive your installment in sections. Faster or larger payouts mostly come with extra fees either from the casino or the bank.