Casino Bonus Basics/
Casino Bonus 101
Bonus Max- The maximum bonus amount allowed with a particular
promotion.
Bonus Percentage- The % bonus matching by the Casino based on the
Players initial Deposit.
Play Through / Wage Requirements - The Required amount of
aggregate betting in order for the player to fulfill the Terms and
Conditions. These are normally 10X 15X 20X 25X 30X 35X 40X the sum
of the Player Deposit and the match by the Casino.
Rule #1. Always read and understand the Terms and Conditions of
your Bonus or Promotion program before playing.
Reviewing Terms and Conditions Before You Play
There are four important Bonus
factors to check in an Online
Casino's Terms and Conditions before you begin playing.
#1) Is the Bonus from the Casino Cashable or Non Cashable?
Review my article Casino
Bonus 101
#2) Does the Casino allow the player to
bypass the bonus offer? It may be in your best interest not to take the
Casino's promotional bonus offer. See my article
Is no Bonus Better?
#3) What are the wager requirements that are attached to the
bonus? Make sure you know if the wager requirement is based on the
deposit only or the deposit plus the bonus. The difference can be
substantial.
#4) What games are restricted in regards to the Casino's
promotional Bonus offer? Often casinos will restrict low house advantage
games like Baccarat, Craps or Roulette. If you play these games,
you're better off bypassing the Casino Bonus and playing with 100% of
your own money.
By checking these four factors you will become a smarter player
and safeguard yourself from being trapped into a bonus promotion
that is problematic and not in your best interest. If you follow this
advice, you will be ahead of the majority of online players. Check
back next week for my Tip of the Week.
There are two basic types of bonuses, Cashable and Non Cashable
Here is an example. Casino ABC is offering a 25% match on your
Deposit up to $50 with a 20X wage requirement. This means if you
deposit $100.00, the Casino will match $25 for an initial bankroll
of $125.00. In order to Cash out you would need to have an aggregate
wager of 125.00 X 20 = $2500. Let's keep our example, if you
started with 125 in your bankroll and ended up with $180 you would
be entitled to all $180 if the bonus was Cashable or $155 (180-25)
if the bonus was Non Cashable. Think smart before you play. All
Casinos have variations to their bonus programs. Please read and
understand the Terms and Conditions before you begin. If you're
dealing with large Bonuses that are Non Cashable with High Wager
Requirements, please do the math. My last point, some Casinos have
certain limits on the amount you can win with a particular bonus
program. This is referred to as a Maximum Cash Out. In most
instances, I find them to be more than fair. If Maximum Cash Out
comes in to play with you, then you have a very good problem
on your hands. Be sure to review the Maximum Cashout requirements,
they vary depending upon your deposit and bonus. I often see Terms
and Conditions that are very ambiguous and very hard to
understand... If this situation arises for you, please send me an
e-mail and I'd be happy to give you my opinion.
Some Casinos have game restrictions attached to
wager requirements. Here is a common one--"Baccarat, Roulette and
Craps do not count towards your minimum wagering requirement."
You need to check this if your preference is to play these lower
house advantage games.
I make a point to review and qualify the Terms and Conditions for
all the Casinos that I recommend. Below is my top
choice for the best bonus program on the net. Try the
24kt Gold Casinobelow. This bonus program is an excellent choice. It
was voted the best bonus program in 2004. You can't go wrong with
it! No Bull, just the facts.
Online Gambling Advice:
Casino Bonus Basics / Casino Bonus 101
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