As is often the case, nothing in life is free and there are always rules to be aware of before activating any of the available bonuses. Before we add a new bonus offer to our menu, we review all bonus terms and conditions. Below we will look at the most common conditions and restrictions that you may encounter.
Wagering Requirements
Almost every casino bonus you come across will have some sort of wagering requirement. If you havenβt heard about it, it indicates the number of times you have to play the slot machine before you can get the prize.
Almost every casino bonus you come across will have some sort of wagering requirement. If you havenβt heard about it, it indicates the number of times you have to play the slot machine before you can get the prize.
For example, you have deposited 100 EUR and received a bonus of 100 EUR in your player account. The casino has a 35x wager requirement, which means that you will need to bet at least EUR 35,000 before you can receive your funds.
For example, you have deposited 100 EUR and received a bonus of 100 EUR in your player account. The casino has a 35x wager requirement, which means that you will need to bet at least EUR 35,000 before you can receive your funds.
For instance:
- A player receives a β¬100 bonus.
- The wagering requirement is 35x.
- The player must wager β¬100 x 35 = β¬3,500.
While this may seem a bit daunting or unpleasant, it's necessary to prevent players from misusing the bonus by merely registering, withdrawing the bonus, and leaving.
Game Restrictions
Bonuses can't always be freely used in all casino games (unless specified in the terms and conditions). The use of bonuses might be limited to certain types of games, like slot machines. However, restrictions can be more detailed, sometimes allowing free spins to be used only on specific games. This information can be found in the terms and conditions of each bonus.
These conditions are in place to prevent players from only choosing games with higher winning odds. Sometimes casinos promote certain games that they want to highlight at some particular moment.
For example, the Olybet casino welcome bonus states:
βThis offer's free spins, which are worth β¬25, can only be used in these gamesβBook Of Ra Deluxe, Starburst xxxtreme, and Divine Fortune Megawaysβ.
Maximum Withdrawal Amount
A limit might be set on the winnings that can be withdrawn using bonus funds. Any amount exceeding this limit will not be available for withdrawal.
The withdrawal limit is one of the most overlooked conditions by players. Players often do not notice this maximum withdrawal amount until the time comes to withdraw their winnings. For example, you win β¬3,000, but the withdrawal limit is β¬1,000.
To get the most out of your bonus, ensure there are no limits on winnings or be aware of them if they exist.
There are several reasons why online casinos set withdrawal limits. The reasons can be as follows:
- Protection of their interests. Casinos want to protect their revenue and ensure that players do not withdraw more money than they can afford to lose.
- Protection of game integrity. Withdrawing large sums of money can disrupt the balance of the game and cause problems for other players.
- Compliance with national regulations or avoidance of money laundering.
Example:
A user can receive a 33% cashback of the actual loss amount, up to a maximum of β¬300. Therefore, if the loss amount is greater, you would receive a cashback of only up to β¬300.
Validity Period
The validity period indicates how long the bonus will be available on the casino site. Whereas the activation period determines the time frame in which you must use the bonus after activation and meet the related requirements.
Time limits are usually set for the use of bonuses and the fulfilment of wagering requirements, allowing casinos to regularly change their bonuses and encourage players to return to the site. These time restrictions are meant to remind players that they need to use their bonuses. Casinos do not want to deal with players who return several months later and request a bonus they received but never used.
If a bonus is not used within the specified time, the bonus money is forfeited from your gaming account, and you can no longer use it, but your cash balance will not be affected.
Therefore, we recommend at least using all the bonus funds, even if you do not manage to meet the wagering requirements. Information about the validity period and all other terms and conditions can always be found in the bonus terms and conditions.
On average, the validity period for online casino bonuses is usually between 7-30 days.
Payment Method Restrictions
Sometimes a bonus can only be used if itβs made by using a specific payment method. Credit cards and debit cards are accepted by all casinos in Latvia and are also the fastest method of making deposits, as bank transfers often take more time. Deposits made using e-wallets, including Skrill and Neteller, are often excluded from the opportunity to receive bonuses. In such casinos, players cannot request a deposit bonus if they have used these methods for making deposits. Sometimes PaysafeCard is also on the list of excluded payment methods.
One major reason for these exclusions is that e-wallets offer a level of anonymity that can conflict with Know Your Customer (KYC) regulations. Bank accounts and debit cards are more straightforward to verify when it comes to withdrawing your winnings.
Always check the casino's bonus terms and conditions to ensure your chosen payment method does not exclude you from bonus eligibility. This check is crucial before making a deposit and claiming a bonus.
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