Almost every Australian online casino today encourages new players to sign up to them by offering some kind enticing welcome bonuses to all new members. These new player sign up bonuses are usually matching deposit bonuses, but they also include one hour free play bonuses, no deposit bonuses and much more.
One of the things that Australian players (and most other players from around the world) usually fail to notice is the wagering requirements that are attached to most online casino bonuses. This is why it is always important that you read through the T’s & C’s carefully before accepting ANY casino bonus.
Making sure that you know what is required of you means that you can work towards claiming what is rightfully yours right from the very beginning. Some players find that most wagering requirements are fairly steep, but this isn’t always the case, so let’s take a look at a few examples.
If you have made a deposit for the first time into an online casino which has a 100% matching deposit bonus worth up to, say, AU$200, it means that the casino will match your deposit by up to no more than AU$200. In other words you will be doubling up on your first ever deposit.
You couldn’t then just withdraw that bonus cash as soon as you receive it, otherwise casinos would go out of business rather quickly. You would need to wager your bonus cash (and possibly your initial deposit amount) a certain amount of times before your winnings can be withdrawn. This annoying, but fairly standard online casino bonus policy is known as the wagering requirement or the playthrough requirement.
At most Australian online casinos today, such as gaming Club Casino, All Slots Casino, Jackpot City Casino, Mummy’s Gold Casino, Ruby Fortune Casino, Platinum Play Casino, Royal Vegas Casino, Crazy Vegas Casino, Spin Palace Casino or 32Red Casino, the bonus cash usually needs to be wagered somewhere between 20x to 40x times before you can cash out.
If you made an initial deposit of just AU$10, your total bonus amount would be AU$10, giving you a total of AU$20 to play with and if the bonus that you accepted had a 35x times wagering requirement attached to it, you would have to wager a total of AU$250 (or AU$260 with initial deposit amount included) before you can withdraw. In other words, the lower the bonus wagering requirements, the better it is for you.