It is important for all casinos to have terms and conditions in place. Casino terms and conditions tell players what is tolerated and what is not. When you’re playing at an online casino, reading through the terms and conditions will ensure that you know what you’re signing up for. Let’s take a look at some casino terms and conditions commonly found on gambling platforms.
What are casino terms and conditions?
Like most service providers, casinos operate within a set of terms and conditions. These include disclaimers that generally include registration process details, player account procedures, deposit and withdrawal methods, game rules and other legal information. This is to give you an overall understanding of the casino’s operation. The benefit of playing at an online casino versus a real casino is that you can familiarize yourself with the terms and conditions before you begin gambling.
Here are some terms and conditions you should know before spinning the reels on an online slot or playing a live dealer game.
Wagering requirements let you know how much cash you need to wager or bet before you can withdraw your money. For example, a $50 sign-up promotion may have a 20x wagering requirement. In this example, the wagering requirement is $50 x 20, which equals $1,000. Put another way:
- $50 sign-up promotion + $950 play-through of winnings = wagering requirement
The wagering requirements will differ at each online casino. The casino will clearly state which games you can play to meet the wagering requirements and which you cannot.
Players are given a strict time limit to wager their bonus money, after which it will become invalid. Players are always given enough time to avoid losing their bonus amount. Bonuses such as free spins come with shorter time limits. These time limits are there to help draw players back to the site.
Excluded payment options
A casino may exclude some payment options from deposit bonuses. In these casinos, players cannot claim their deposit bonus if they use an excluded payment method such as e-wallets. There are various reasons why e-wallets are excluded, including the fact that it provides a degree of anonymity which goes against the Know Your Customer (KYC) regulations. That is why bank accounts and debit cards are easier to authenticate.
Withdrawal and Betting Limits
Casino sites will often limit the size of the bets you can make with the bonus money or they will limit the amount you can win from the bonus money. It is expressed as a percentage of the bonus amount. Of course, this is to keep people from hitting a big win after just a few spins. There are also limits on how much you can withdraw using a prescribed transaction method.
Deposit and no deposit bonuses
Remember all these bonuses will have wagering requirements, game types and time restrictions. These bonuses include free chips, free spins and cashback deals. These deals act as money to play with, but you must meet the requirements.
Casinos can force fees when you make a deposit or withdrawal. You should be aware of any additional fees that are charged when you make a deposit or withdrawal.
Why it’s important to understand the terms and conditions
It is important to understand online casino terminology so that you’re aware of everything the casino can do to your account and what you can expect from it. Reading the terms and conditions also means that you can keep your data safe from malicious sites and helps you stay safe from casinos that impose fees on many instances of play or transactions.
Since these terms and conditions can vary significantly between casinos and campaigns, players should always make sure that they understand them fully before registering or accepting a promotion.
Play the best casino games at BetMGM
Now that you’ve wrapped your head around all this online casino terminology and know that these terms and conditions are legally binding, you can start playing your favorite casino games. Register at BetMGM and discover a wide range of online slots, casino table games and live dealer casino games.