When you qualify for an online casino bonus it is important that you understand the requirements to clear the bonus, because no matter how big a bonus is if it is hard to clear you may not want to attempt to clear it. Many of the larger bonuses in the online casino industry are extremely hard to clear, so you may be better off starting with a medium sized bonus to get your feet wet.
The first thing to understand is how bonuses are calculated. Often times online casino bonuses are percentages of your first deposit, such as a 200% up to $500 sign up bonus. In this case, the % is based on your deposit amount, so to fully qualify for the $500 bonus you'd need to deposit $250, as $500 is 200% of $250.
Now, once you make your initial deposit, don't think that you're just getting free money. If it worked like that I'd be depositing thousands every day ;). When you make your deposit, the bonus money will go into a pending bonus account where it will stay until you've "cleared" it.
To clear the bonus you have to wager it a certain number of times, usually around 20x. So for the bonus above ($500) you'll have to place $10,000 in wagers before it is cleared. This is total wagers, so if you bet $20/hand blackjack for say, 50 hands, that'd be $1000 in wagers. The 20x may seem like a lot, but if you're playing decent stakes and have a nice little run of luck you'll be able to clear it no problem.
Besides initial deposit bonuses, there are also reload bonuses that work the same way, but are offered at random times throughout the month, and you don't have to be a new depositor. Also, many casinos run game specific bonuses such as slots or blackjack bonuses.
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