On top of all of the above, bonuses typically have a time limit. Sounds simple, right? Yes, but there are some deeper considerations here as well.
Casino bonuses have a time limit during which you need to complete wagering requirements if you want to withdraw bonus funds. The usual limit is one month, but this can vary.
The reason this matters so much is that you will lose the entire bonus if you don’t complete the wagering requirements in time. This won’t be much of a problem if you’re planning to play as soon as you register, right?
Yes, but it should also be in the back of your mind when deciding how big of a bonus you want. Some top casino offers can award thousands in matched welcome bonuses. Let’s say you took a $1,000 bonus with a 30x wagering requirement. You would have to bet a total of $30,000, assuming 100% contribution.
That’s a lot of money, and not everyone has the kind of bankroll required to play through that amount in less than a month.
The lesson is simple – don’t get too excited about big numbers, and only accept bonuses you can actually collect down the line.
Up to $130 Welcome Bonus
Your first deposit at Dafabet between $50 and $130 is doubled! 18+ only. Please gamble responsibly. Full T&Cs apply.
You may feel inclined to avoid the above problems by just betting big. Place three $1,000 bets on very safe wagers, and that $3,000 requirement is done within minutes, right?
Sadly, the casinos thought of this one, too. Most casino bonus money has a maximum stake that’s considerably lower than the site’s usual limit. This forces you to play through the money in smaller chunks. Due to how RTP and expected value in casino games works, this ultimately means less of the bonus money will “survive” to see your wallet.
Moreover, some casinos impose “minimum odds”. Basically, you have to have a chance of losing. For instance, you can’t just cover every number in live roulette and play through the money with no chance of losing any of it. Some casinos outright forbid such play and will consider it a breach of their terms and conditions.
Cashable vs Non-Cashable Bonuses
A cashable casino bonus means that you can withdraw the bonus money as soon as the wagering requirements are met. It’s nice, clear-cut, and generally the best type of casino bonus. Sadly, it’s not the only one.
Non-cashable or play-only bonuses actually deduct the bonus amount from the total if you try to withdraw. You can take the bonus and use it to play casino games. However, if you try to withdraw, everything you received as a bonus is removed from your balance.
For example, let’s say you got a $100 as a matched, non-cashable bonus with a $100 deposit. You play for a while and are left with $190 of the $200 total. The casino will remove the $100 bonus if you withdraw, leaving you with only $90.
So what if you turn a profit using bonus funds, you may ask?
Let’s use the example above, but assume you made a $50 profit with the bonus, leaving you with $250 in total. Once you deduct the non-cashable bonus, you’re left with $150 – your deposit plus the winnings. Yes, you can withdraw the $50. However, you are statistically highly unlikely to ever get to that point.
In other words, try to find only cashable live casino bonuses. Non-cashable ones are just a fancy way of playing casino games for free but never turning a profit.
We’ll point out a few other important terms and conditions in casino bonuses before we wrap up.
- Sticky Bonuses – Sticky bonuses basically prevent you from withdrawing any money from your initial deposit unless you complete the wagering requirements. These often appear much more generous than non-sticky bonuses, but we don’t recommend them. In practice, sticky bonuses will likely just mean you’ll lose both your deposit and your bonus before you actually get to withdraw anything.
- Maximum Winnings – Some bonuses, especially cashable ones, often have maximum winnings. For instance, winnings earned with bonus funds can be cashable – but only up to, say, $100. Any profit you make beyond this limit is lost once the bonus expires.
Conclusion and Recommended Live Casino Bonuses
If you’ve read our casino bonus guide, identifying high-quality offers should be easy. Except for the fact that you’ll have to read through long, dull terms and conditions.
There’s an easier way, of course. Our list of top casino bonuses lists these terms and conditions in a clear, short, and digestible manner.
To save you the trip, we’ll list some good offers below to get you started. Good luck – and always read the fine print!
No Wagering 13% Rakeback
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100% up to €140 on 1st Deposit
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100% up to €100 New Player Bonus
Deposit min. €10. Max. bonus €100. 30x wagering (game weighting, table coverage and max. bet rules apply) on deposit and bonus to make the bonus balance withdrawable. Time limits and T&Cs apply.