The whole world of bonuses is getting a bit unpredictable at the time of writing. Here in the United Kingdom, the UK government’s Competition and Markets Authority (CMA) has been keeping a close eye on the Terms & Conditions of online casinos, and action has been taken. This has result in quite a few changes in the companies’ strategies when it comes to planning bonus offers. The situation remains in a state of flux at the time of writing, and even now, no one can be sure quite how this is all going to pan out.
But one thing you can be sure of is that here at NetEnt.net, we’ll be keeping a close eye on things. You can rely on us to keep you informed about where the best deals are and, more importantly, what are the Terms & Conditions attached to those deals.
The bonuses offered by online casinos have traditionally revolved around either deposit bonuses or free spins. Both involve players making a real cash deposit, which is then topped up by the site promoter. This is often in the form of matched funding. You deposit £10, and this is supplemented by an additional tenner in bonus cash to spend on the site. Sometimes, if the site operators are very keen to attract new players, the multiple can be higher: deposit £10 and get £20, £30 or even more in bonus bucks.
But whatever the juicy lure is, there is always a catch, and for casino players these are to be found in the wagering requirements, usually buried deep within the endless pages of the site’s Terms & Conditions. These are indeed also what the CMA is very interested in.
These always require that players must spend a certain amount of their own money before being able to withdraw any of their winnings. This amount is always expressed as a multiple of the original bonus, and sometimes of the deposit as well. The actual multiple varies from site to site, but is generally around 30 x and can be as much as 50 x. You do have to look at the actual terms quite closely in order to work out the best deal.
As an example, 50 x your bonus can be a better deal than 30 x your bonus + deposit. To take the above illustration: 50 x £10 bonus = £500, but 30 x £20 (£10 deposit + £10 bonus) is £600. Remember that you may have to spend this much of your own money before you are permitted to make a claim.
You also need to be aware that these spending requirements apply to play on regular slots only. If you choose to spend any of your money on some premium slots, or table games like Poker or Roulette, the requirement will be far higher. This is because only a small proportion of your spending on these games contributes toward building up the wagering requirement. There is also usually a limit on the amount of time you are allowed in which to spend this amount too. It can be up to 90 days but is frequently as little as a month.
Sometimes the site can offer free spins instead of, or as well as your deposit bonus. See our “Free Spins” page for more details on this kind of promotion.
But in either case, rest assured: we’ll be keeping an eye on all this whenever we mfind a new casino offering NetEnt games. We’ll tell you where the best deals are, and outline the relevant wagering requirements too. Always remember though, that these are liable to change, so it’s always best to check for yourself before signing up. And with the Competition and Markets Authority on the case, these changes may happen more often than ever…