The bonus terms and conditions are arguably one of the most important sections to take note of. Reason being that this will contain the information which determines firstly how to become eligible to claim the bonus, and secondly (but more importantly) the criteria for withdrawing the bonus out of your casino wallet.
There are some key areas you need to look out for in the terms and conditions, which are as follows:
- Minimum Deposit – Simply the minimum amount you need to deposit to receive the bonus. This figure tends to vary from casino to casino, but the norm is usually between £10 and £20.
- Wagering Requirements – This determines the amount you must wager before you’re able to cash out your bonus funds and potentially any winnings accumulated from it. For example, let’s say that the casino gives you a bonus amount of £20 and the wagering requirement is 20x your bonus (sometimes it can apply to the bonus and deposit amount). Based on this, your wagering requirement is 20x £20 which equates to £400, therefore you must wager £400 before you can cash out the £20 bonus you’ve claimed.
- Expiry time of bonus – This will specify the amount of time you have in order to meet the wagering requirements so you can withdraw your bonus. The majority of online casinos stipulate an expiry time, although some go as far as placing an expiry on the time you have to claim your bonus funds too (after making a deposit), so make sure you check this and don’t miss out.
- Payment terms – Many online casinos will only accept specific payment methods in order to claim a bonus. When reviewing deposit bonuses across the board we tend to notice Skrill and Neteller be the most requested.