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Taking a bonus

Maximum bet when taking a bonus

All online casinos have some sort of promotion for new players and they also have ongoing bonus offers for their existing loyal players. It’s important for new players to know upfront that the money given to them in a bonus form; is not theirs to withdraw, and there are terms and conditions such as wagering requirements. The wagering requirement is set by the casino, and basically means the player must play through the bonus and deposit a certain amount of times. There are also other terms usually attached to bonus offers, and these terms are less talked about than the wagering requirement.

Some online casinos will impose a maximum bet allowable to be places while there are wagering requirements to clear. For instance, some casinos may only allow a maximum bet of $5 per spin on the slot machines until requirements are met. If the player fails to follow these terms, any and all winnings will be voided, causing the player to lose the winnings. The term can be enforced in a couple of ways; the player could place a higher bet, and it will not go towards the wagering requirements, or the higher bet could bring a win and the win will be void. It’s up to the casino on how it’s enforced, and it’s rarely in favour of the player.

Against popular belief, this bonus is not used to trick or annoy the player; it’s very common in online casinos. It’s a rule the casinos use to keep players from exploiting their bonus offers. If there was no betting limit, wagering requirements could be cleared in minutes, even faster if the player placed large bets. The question that most players have when it comes to this term is why? Why would the casino be concerned on how fast the wagering requirements are cleared? It all has to do with the average return to the player. The online slot game return is around 95% at most casinos, and in simple terms that means that eventually every $100 spent, the player will receive $95 back. Not all casinos advertise their payout ratios, so this is just a general rule.

The maximum bet rule is definitely in favour of the casino as small bets yield lower returns for the player. Although, many casinos advertise huge payouts and wins on small bets, it doesn’t change the fact that smaller bets are expected to bring a 5% loss to the player. The maximum bet limit doesn’t help the player in the least as it would makes players wager more over a longer time period, making it harder to win anything over the requirement. Don’t be mistaken though, many players are able to cash out on bonuses, with a bit of smart bankroll management and a whole lot of luck.
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