Why You Should Always Read Casino Bonus Terms & Conditions
Advantages of Joining a VIP/Loyalty Programme
Most online casinos will reward your ongoing loyalty by allowing you to rack up points as you play with a loyalty bonus. For example, you might receive 1 point for every C$1 you bet on video poker or table games and 5 points for every C$1 you bet on slots. You can then exchange these points for rewards, such as free bets, free spins, event tickets and other exciting prizes. A really generous loyalty programme can make the difference between earning a profit or incurring a loss over the course of the year.
If you place a high volume of bets or you are classed as a high roller, you should qualify for VIP treatment. This typically tiered, so you could become a Silver, Gold or Platinum member depending on the amount you wager. VIP benefits include:
- Cashback on bets
- Quicker withdrawals
- Specific tailored bonuses
- Lower wagering requirements
- A personal account manager
- Birthday gifts
- Tickets to concerts or sporting events
- Gadgets and luxury goods
Online casinos love to shout about how generous and exciting their bonuses are, but there is always a catch. There will be wagering requirements imposed upon the bonuses, and these are generally buried in the terms and conditions. It is therefore imperative that you scrutinise the bonus terms and conditions before determining how attractive the various casino bonuses and no deposit casino bonuses actually are www.casinosreview.ca/visa/.
We will explain wagering requirements in more detail in the subsequent section, but there are plenty of other factors to look out for. These include game eligibility, minimum deposits, maximum bonus caps, bet sizes, maximum win amounts, time limits and withdrawal limits. If you do not read the terms and conditions properly, you could be in for a nasty surprise further down the line. You might find that your bonus has expired, or you might not be able to withdraw as much as you thought you were entitled to.
You should also avoid any online casinos that do not clearly display the bonus terms and conditions. The best Canadian casino bonuses and the best no deposit casino bonuses provide clear links to the fine print. If you do not see terms and conditions, you should walk away, as it could be an unlicensed online casino or a site that will deny payment when you try to make a withdrawal. Casino Source only recommends legitimate, trustworthy online casinos, and the latest casino bonuses you find on this page are all above board, with no bogus terms.
What are Wagering Requirements?
Wagering requirements refer to the number of times you will have to wager your bonus credit before it becomes eligible for withdrawal. They are also known as rollover requirements or play through requirements. For example, you might find a 35x wagering requirement attached to a C$100 welcome bonus when you are searching for the best online casino bonuses. This means you will need to play the bonus 35 times вЂ“ which is equivalent to C$3,500 worth of bets вЂ“before you can think about making a cash withdrawal.
Wagering requirements are designed to protect online casinos from bonus abuse. If there were no wagering requirements, you could simply deposit C$100, receive C$100 in free credit, withdraw C$200 and walk away with a tidy profit. It also gives the casino time to sell itself to you. The hope is that you will fall in love with the casino while playing through your bonus credit 35 times, and remain a long-term customer.
You should also bear in mind that not all games contribute 100% towards wagering requirements. You will often find that the majority of video slots count 100% towards completing requirements. However, you might find that roulette only contributes 10%. It means that for every C$10 you wager, only C$1 of that counts towards fulfilling your wagering requirements. You would therefore need to place C$35,000 worth of wagers before you could make a withdrawal if you had a C$100 bonus with a 35x rollover and your game of choice only made up 10% of the requirement. Some casino sites do not allow table games to contribute to the requirement at all, so it is vital that you read the small print.