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Casino First Deposit Bonus. The catch for an online casino is that you will have to wager a required amount before bonus is released for cash-out. The typical online casino will deposit bonus into your account soon after you make your initial deposit. Some deposit bonuses are instantly deposited at same time as your deposit. Some casinos require that you claim your deposit bonus by filling in a simple form. In this case bonus may not get credited to your account for 1 to 3 days. Even though deposit bonus has been credited to your account and you can use it to wager, you will not be able to withdraw bonus portion until you meet wagering requirements. The wagering requirements typically state that you must wager 10 to 20 times your deposit plus bonus to release bonus for cash-out. For example, you deposit $50 and receive a $10 bonus. The casino has a wagering requirement of 10 times your deposit plus bonus, which means that you will have to wager $600 (10 x $60) for $10 bonus to be released for cash-out.
Sports Book First Deposit Bonus. The catch for an online sports book is that you will have to wager a required amount before bonus is released for cash-out. The typical online book will deposit bonus into your account soon after you make your initial deposit. Some deposit bonuses are instantly deposited at same time as your deposit. Some books require that you claim your deposit bonus by filling in a simple form or sending an email. Even though deposit bonus has been credited to your account and you can use it to wager, you will not be able to withdraw bonus portion until you meet wagering requirements. The wagering requirements typically state that you must wager 3 times your deposit plus bonus to release bonus for cash-out. For example, you deposit $100 and receive a $20 bonus. The online sports book has a wagering requirement of 3 times your deposit plus bonus, which means that you will have to wager $360 (3 x $120) for $20 bonus to be released for cash-out.
Reload Bonuses. Reload bonuses are very typical for online sports books, but occasionally you will see them offered in online casinos and poker rooms. The reload bonus simply offers a bonus on deposits made after your initial deposit. The requirements are generally same as first deposit bonus requirements.
Before making a deposit at an online gambling site, be sure that you understand requirements for bonus to be released for cash-out. You may have to drill down a page or two to get information. If bonus requirements seem difficult to achieve then consider another gambling site.
© 2004 by Michael Hellmer http://www.mollyspoker.com
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Mike Hellmer is a long time poker enthusiast and the webmaster of Molly's Poker and Gambling Portal (http://www.mollyspoker.com)