Introduction
Understanding the types of online casino bonus funds and the money they can add to your bankroll is fairly straightforward. What isn’t so simple is figuring out exactly what bonus terms and conditions you have to fulfill on your casino bonus before you’re able to withdraw it.
Every bonus offered by an online casino, regardless of whether it’s an initial deposit bonus, a free bet bonus, or otherwise, comes with a set of wagering requirements.
Understanding aspects of bonuses such as their associated rollover and time limits can be complex, and casinos often cloud what’s required of you in complex jargon that’s often difficult to decipher.
That’s where we come in. To have all the nuances of your casino betting bonus explained in simple, plain English, read on!
What is Rollover?
Understanding rollover with an example might help. Let’s say that you deposit $100 to an online casino that is offering a 100% bonus funds with a 5x rollover. This means that you’ll have $200 to bet with, but can’t withdraw the bonus money until you’ve placed $500 ($100×5) in bets.
The way online casinos calculate rollover and the bets that go towards clearing it varies, so be sure to read the terms and conditions.
Occasionally, Online Casinos Place Odds Restrictions and Time Limits On Rollover
Another thing to look out for is a time limit on the rollover. Rushing your bets to clear an arbitrary threshold is a sure way to place poor bets and lose money. Before you take a bonus with a time limit, calculate how much you need to bet per week to clear that requirement, and figure out if this makes sense for the way you want to bet.
Depending on Your Online Casino, There May Be Additional Requirements on Your Bonus
Besides rollover requirements, casinos have a variety of other terms associated with sign-up bonuses. You need to be aware of in order to clear your bonus for withdrawal.
They vary from casino to casino, so it really pays to read the fine print before jumping on one and trying to cash out before you’ve met all of them.
Here are some examples of additional requirements:
- Bets with certain games don’t count towards the rollover such as Video Poker
- No withdrawals can be made within 30 days of claiming this promotion
- A bonus is only eligible for use in sports, horse racing, and casino. It is not available for use in poker
- You can only have one active bonus at any one time. To claim another bonus the current active bonus must be completed or closed first.
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