One of the main reasons why so many people sign up to online sports betting and casino websites today, besides betting, is to take advantage of the numerous bonuses and promotional offers that most sites have.
If you are new to online casinos and want to know more about some of these exciting promotions, you’ve come to the right place.
Here’s everything you need to know about getting the most out of any bonuses you claim when signing up to a world-class iGaming site, such as the official 10bet online casino – South Africa’s most popular betting site.
What is a sign-up bonus, and is it always worth claiming?
A sign-up bonus, also sometimes called a welcome bonus or new player bonus, is typically available to all new players who register a real money account on a fully licensed and regulated online betting website.
Most bonuses include either free spins for selected online slots or a matching deposit bonus worth up to a specific amount. For example, the 100% match bonus (by far the most common), essentially sees you double up on your deposit.
Therefore, at 10bet, if you deposit just R20 on your first deposit (the minimum amount required to unlock the initial sign-up bonus, you will receive R20 extra for free – no strings attached, on top of your deposit. In other words, instead of starting with R20, your account balance will read R40 (R20 deposit + R20 free welcome bonus money).
However, if you max out the bonus by depositing the full amount, R3,000, you will receive a whopping R3,000 on top of your deposit, meaning you have R6,000, not R3,000 to spend as soon as your deposit has been successfully processed.
The other thing to remember is that certain bonuses on some sites may only be available on mobile, meaning you might not be able to claim them when using a desktop computer. Each site is different, so always check before attempting to claim anything.
How to get the most out of your bonus
To ensure you get the most out of any bonuses you claim, the most important thing to remember is to always read the terms and conditions attached to the bonus and pay close attention to the wagering requirements section.
Wagering requirements, which are also often referred to as rollover requirements, turnover requirements or playthrough requirements (it all means the same thing), will tell you exactly how much you must wager before a withdrawal of your bonus winnings is possible.
In other words, you can’t withdraw until you complete the wagering requirements. However, if you decide that you don’t want to complete them, you can still forfeit the bonus winnings at any time and carry on with your normal balance.
If online casino website operators decided not to attach wagering/playthrough/rollover/turnover requirements to their bonuses, most players would simply withdraw the free money they receive, especially if there was nothing stopping them from doing this. Those same operators would quickly go out of business if they threw away money like this.
The wagering requirements essentially stop this from happening, and you should find that most bonuses come with a 30x to 50x wagering requirement attached, and they must be completed within the stated time. As soon as you have cleared them, the leftover winnings you made from your bonus are yours to withdraw without any restrictions.
What’s the 10bet welcome bonus wagering requirement?
The 10bet welcome bonus comes with a 40x wagering requirement attached, which is fairly standard. Therefore, if you deposit R40 on your first ever deposit to claim the 100% matching deposit welcome bonus, and you receive R40, it means the R40 cash incentive you receive (+ the initial deposit amount) needs to be played through at least 40x times before you can cash out.
In other words, you must wager R1,640 (R40 deposit multiplied by 40x wagering requirement + R40 initial deposit amount), which, as mentioned, is actually considered quite low, especially when compared to some bonuses which might have 50x, 60x, 70x or higher wagering requirements attached.
If you decide to spend your welcome bonus money in the sports betting section, any bets you place using your free cash must come with 2.00 decimal odds or greater. Don’t forget, to ensure you don’t miss out, make sure you deposit at least R20 on your first-ever deposit.
For example, you can’t unlock or receive the bonus when depositing R5 or R10. Finally, remember to gamble responsibly at all times.
Final thoughts
When claiming online casino bonuses, always take a minute to read the terms and conditions because they may even tell you that certain payment methods, such as the Voucher, are excluded from the offer.
You don’t want to deposit the full amount only to realise you didn’t deposit with a qualifying payment method, so read the Ts and Cs to avoid disappointment. They only take a minute to read and tell you everything you need to know.
Some of the other trusted South African online payment methods that can also be used here for topping up your account are OZOW, OTT Voucher, Visa, Mastercard, American Express, Capitec Pay, EasyPay, Zapper, and Blu Voucher, to name a few.
