When online casino players first step into the world of online gambling, they often can’t wait to get their hands on casino bonuses. What usually happens next is that players aren’t quite sure what to do with them or how bonuses actually work. Today we’re looking at both casino bonus expectations and the reality of the same, or why bonuses tend to seem a little too good to be true and how to keep your expectations more realistic.
Bonuses Come with Wagering Requirements
Number one thing you should know and always keep in mind when it comes to bonuses are wagering requirements. For online gambling veterans this may be a given, but newbies often won’t know why they should even look for that info. Here’s why: playthrough requirements essentially tell you the true cost and value of the bonus in question.
“Wagering requirements tell you the true cost and value of bonuses.”
Let’s get more specific. Say a bonus comes with the wagering requirements of 25x; what that means is you need to wager it 25 times at an online casino before you can withdraw your winnings. Other times bonus description will be even more detailed, so you might come across requirements being something like 35x d + b. That means both the deposit and bonus money needs to be rolled over 35 times before withdrawal.
Long story short, the rule is: always check the wagering requirements and you’ll invariably know what you’re getting from the deal. If you still have any doubts, give our blog about the ABC’s of wagering requirements a quick scan – it might clarify any remaining confusion and help you understand the entire process better.
Bonuses Have Expiration Dates
Nothing lasts forever – not even bonuses or Free Spins. Who knew, huh? When you first start out, your focus is, quite understandably, on acquiring bonuses and not the fact that deals might expire before you have a chance to use them or, even worse, cash them out.
“Bonuses can expire before you have a chance to cash them out, especially if you fail to read the bonus’s specific Terms.”
Plainly put, if you don’t read the Terms and Conditions carefully, by the time you want to cash your winnings out, you might not be able to because you’ve missed a teeny tiny detail like, say, the timeframe allocated for the usage of the bonus. Sometimes it’ll be a few days long, other times it’ll last for months, but you need to be aware of this bit of info at all times or the reality will not be pleasant at all.
Bonuses Cost Different than You Think
Simply, bonuses don’t cost as much as you think they do. There’s a lot to take into account. For starters, the aforementioned wagering requirements. Then, there is the contributing percentage of each bonus. And finally, there is the RTP value.
“To understand how much you can get from a bonus, you need to think about its wagering requirements, contributing percentage and the RTP value.”
Since we’ve already gone over the wagering requirements, let’s skip over to the percentage. Usually when it comes to online slots, 100% is the normal contributing percentage (though it can vary). Say, a match deposit bonus is 100% up to €50; that means that if you deposit €50, you’ll get another €50 to play with. Of course, that amount needs to be wagered a certain amount of times, as we’ve explained.
We’ve reached the RTP bit. Now, it’s important to understand that this number is a) theoretical and b) that it tells you how much will be paid back to players over a particular time period. So, as we’ve explained in a blog dedicated entirely to Return to Player percentage, the number shouldn’t be taken literally, but if you’d like to understand your bonus value better, you should take it into account, as well.
What Are Your Bonus Expectations?
Your turn – have you ever experienced the whole bonus expectations vs. reality conundrum? Have you ever failed to adhere to a bonus’s specific wagering requirements, thus losing your winnings? Tell us all about your previous experiences at online and mobile casinos regarding this issue – we cannot wait to hear from you!