Those who frequent online casinos are probably familiar with how the bonus system works. The casino account managers offer a fantastic deal for your deposit, and you get to play with a considerable bonus balance that you need to clear. Depending on the casino you play, you will have a time restriction attached to the bonus balance and various playthrough requirements. Is there an alternative to play with a bonus balance? Would it be more advantageous to play with a lower balance but have the option to withdraw whenever you want? Let’s find out.
Wagering Requirements Meaning
Generally speaking, wagering requirements dictate the number of times you need to gamble a specific bonus balance before you can withdraw the winnings. To better understand the concept, let’s look at one particular example. Assuming you have received a CAD 50 bonus balance that comes with a playthrough requirement of X20, it means that you will have to play a total of 50×20. That means that you will have to place bets of CAD 1,000 before you can request a withdrawal. Checking the bonus conditions is also mandatory because some casino slots might have different contribution rates.
Additionally, most casino bonuses need to be cleared within a specific time frame, and if you fail to do so, the whole balance will be forfeited. Some online casinos might also limit the maximum bet you can place if you have an active bonus balance. Generally, you can expect a maximum bet of CAD 5, but this will depend on the casino you play at. After reading about wagering requirements, it should come as no surprise why more gamblers are turning towards a no wagering casino instead.
No Wagering Options
A bonus that does not come with any wagering requirements might be possible at some casinos. However, they are complicated to come by, and even if you did receive one, the balance offered would not be very impressive. A more common occurrence will be receiving free spins that do not need to be wagered or cash back deals. Let’s take a closer look at the two options.
No Wagering Free Spins
Online casinos are notorious for rewarding new and existing players with free spins on various video slots, a common occurrence at Casino Kingdom. There are two types of free spins that you can receive: with and without a wagering requirement. The free spins with a wagering requirement function according to their terms and conditions – the wins accumulated at you deplete your free spins will need to be wagered. However, for the no wagering free spins, you simply receive a cash prize that you can withdraw immediately. Depending on the casino you play at, there might be a maximum withdrawal limit, with CAD 100 being the most common limit.
Cash Back Deals
Those who prefer to play without a bonus balance will find cash back deals highly lucrative. Depending on the casino, you can enable them for a single deposit, for a bunch of deposits, or all your weekly deposits. Most online casinos will choose Monday as the day when they credit player accounts with the previous week’s cash back reward. Alternatively, you can discuss a deal with your account manager that might get you a better cash back percentage. The percentages offered can be advantageous if you plan to make a large deposit – sometimes up to 30% on deposits above CAD 500. If you are a good negotiator, you could benefit from weekly cash back and another one for individual deposits.
Unfortunately, we’ve all been there trying to clear a large bonus balance and failing to do so. It is highly infuriating, especially if the bonus expires or you cannot withdraw your winnings because you exceeded the maximum allowed bet. No wagering bonuses, free spins, and cash back deals are becoming more popular, and we expect them to become a common occurrence at all online casinos.