One of the main attractions of most Bitcoin casinos are its diverse selection of Bitcoin casino bonuses since these provide Bitcoin gamblers with an excellent way to earn free BTC for a more enjoyable Bitcoin casino experience.
However, despite the lucrative opportunities delivered by Bitcoin bonuses, the majority of players seem to not fully understand the terms and conditions entailed in these promotions, thereby hindering their potential to secure more wins.
For players to fully utilize their gratuities, it is a must to have an ample amount of knowledge of the bonuses and their requirements, of which the major aspect is the wagering requirement.
Wagering requirement—an in-depth understanding
The wagering requirement is common to both fiat and cryptocurrency casinos. Just like Bitcoin casinos, fiat online casinos offer various bonuses that make the overall gambling experience more exciting and rewarding.
Unfortunately before, several players would take advantage of this generosity and would deceitfully open multiple accounts to gain more ‘free money’ and would immediately cash out. This puts online casinos at the disadvantage.
To combat further losses, online casinos devised a set of bonus rules that would later be known as the wagering requirement. This requirement was then carried on to Bitcoin casinos with the same purpose.
Subsequently, this bonus requirement is structured in such a way that players must wager their acquired bonus amount for a certain number of times in order to withdraw their bonus and their winnings earned throughout the play duration.
Maximizing the Bitcoin casino welcome bonus
To further understand the concept of the wagering requirement, it is best to associate it with the common role of Bitcoin casino bonuses like that of the welcome bonus.
For instance, a Bitcoin casino offers a 150-percent welcome bonus. This means that if players deposit 1 BTC to their account, the casino will award them with an additional 1.5 BTC, making the players’ total fund worth 2.5 BTC.
However, as a precaution, Bitcoin casinos lock the players’ rewarded BTC for withdrawals until the wagering requirement is met. In this case, if the requirement is set to 20x of wagering, players must bet their 1.5 BTC for 20 times in the casino.
Likewise, the weight of bets is credited differently in terms of the wagering requirement and the games played, with the Bitcoin slots generating higher percentages.
Dealing with Bitcoin casino no deposit bonuses
In the same way, the wagering requirement is present in uncommon bonuses like the Bitcoin casino no deposit bonus. This is not popular among most Bitcoin casinos as compared to the welcome bonus or first deposit bonus, but the Bitcoin casino no deposit bonus is definitely treasured by the avid bettors.
As such, this bonus requires no deposits or funds on the players’ account and instantly rewards them with a certain amount of BTC. Depending on the casino, players may receive no deposit bitcoins in mBTC just by signing up.
No deposit bonuses function as a ‘test-money’ for players to explore different Bitcoin casino games offered without the risk of losing their own funds.
However, just like the welcome bonus, bettors are unable to cash out their free BTC until certain requirements are met. In this case, the Bitcoin casino no deposit bonus comes with a wagering requirement that shares the exact concept with the welcome bonus wagering method.
Additional information about BTC bonuses
On the contrary, players who are not yet comfortable with such terms and conditions can always practice their right as a patron and cash out their funds, regardless of the wagering requirement.
Yet, players must be reminded that they are only allowed to cash out their own deposited BTC since Bitcoin casinos lock their bonuses for withdrawals. Moreover, the amounts won using the casino bonuses will not be allowed to be cashed out. This drawback also reflects on those players who fail to meet the required conditions for their respective bonuses.
Nevertheless, Bitcoin casinos practice the strict protocol brought by the wagering requirement to regulate and filter fraudulent players from avid Bitcoin casino patrons. Despite having such tight decorum, these casinos provide players with advantages like risk-free betting and more chances to win bitcoins.
Players who seek to experience how Bitcoin bonus works first-hand can visit select gambling sites like Betcoin casino and other SoftSwiss-powered Bitcoin casinos for the range of Bitcoin bonuses offered. A thorough understanding of the bonuses available on the Bitcoin casino market will be a plus in ensuring a healthy, dynamic, and entertaining experience in online betting.