Forfeitable Casino Bonuses – What are They?
The forfeitable casino bonuses are a certain category of casino welcome offers, but what sets them apart from other types of incentives is their key strategic potential. A standard bonus will be given to you when you join a new casino in the form of a match on your deposit up to a certain amount. Your account balance would be looking something like this: your deposit money + bonus money.
You will begin using the bonus money first and in most cases that trigger the wagering requirements – the strings attached to every welcome offer. The forfeitable casino bonuses carry wagering requirements too, but with one main difference: you begin playing with your real money deposit first! In this case, if you record a big win, you are free to withdraw without having to fulfill any wagering condition. Simply cancel the bonus (or forfeit it) and collect your cash.
We will go over some scenarios and some examples for a better understanding. Our goal is to provide you with all the bonus-relevant information so that you can spot a great bonus a mile away.
Top Casinos that offer forfeitable casino bonuses
An Example of How Forfeitable Bonuses Work
You might encounter these bonuses under a different name, so be prepared. The main types of operator bonuses can be split into 2 categories. You have your standard welcome bonuses (also referred to as sticky bonuses) and your forfeitable bonuses (non-sticky bonuses). The gaming veterans out there might be familiar with these terms, but just in case this is your first time encountering these terms, you should know how they work.
A sticky bonus is, in most cases, a deposit bonus that will match your first payment. You begin your gaming session using the bonus money first and you must roll them a certain number of times for the condition to be fulfilled. In such cases, we recommend that you pay attention to qualifying games – games like slots participate with 100% towards the wagering requirements, while other card and table games might participate with only 10%.
A non-sticky bonus (and the main topic of our review) is known as a forfeitable bonus. Your first deposit will be matched by the casino, but your gaming sessions will use the real cash you have deposited. Should you win, you are free to cash out the winnings and the deposit you made. In this case, the bonus amount would not have been used at all and will disappear from your accounts balance as the withdrawal is made. The bonus wagering requirements only kick in if you start using the bonus balance.
For a real-life example – Let’s assume our reader John made a $100 deposit. He claimed a 100% match on his deposit for a non-forfeitable bonus. His account balance will be $200 ($100 deposit + $100 bonus). On the very first game John begins playing, he will have to focus on the wagering conditions, usually around 35x the amount deposited, the bonus amount or both!
But instead, John read our review before depositing and now decided to choose a forfeitable casino bonus. He deposited $100, he got another $100 as a bonus. The balance shows $200 and he begins playing slots or blackjack or poker. The main thing here is that John began playing out of his deposit first – he is free to enjoy the gaming session without any worrying about the wagering conditions. John is lucky today and turns his deposit into several hundred dollars – he can withdraw them at will, but in doing so he will forfeit the $100 the casino gave him as a bonus since he didn’t use it.
Deposit Methods Excluded from Claiming a Forfeitable Bonus
In some cases, casinos might exclude some payment methods from qualifying to the welcome forfeitable or non-forfeitable bonuses. When you encounter a note like “Deposits made with Skrill or Neteller do not qualify for the sign up offer” you should know that you can still deposit using these e-wallets, but you will not get 100% match-up bonus for doing so. You will be free to play using the money that you deposit, but your account balance will be smaller, without the cash bonus from the casino.
In restricting some welcome offer deposit methods is a casino’s way to try to discourage potential bonus abusers. Plus, there’s always the due-diligence checks and inspections casinos have to carry out before accepting your money. The payment methods that do not qualify for the welcome incentives are usually mentioned in the registration phase, in the terms and conditions of the bonus and when you are just about to make your first deposit.
There is Never a Shortage of Great Bonus Offers
Your online entertainment should go hand in hand with a great relationship with your chosen operator. Of course, welcome bonuses and sign-up packages play a huge role – they can greatly enhance your gaming experience and they can significantly increase your balance. Accepting the right offer would have you play for more and you would be able to place higher wagers.
But bonuses carry wagering requirements that need to be fulfilled before a withdrawal is possible. Forfeitable casino bonuses are a rare treat and you should absolutely make the most out of them as soon as you find one. The second best offers are the no wagering bonuses and we have covered that topic as well. All in all, information is power – that is why we urge you to read our detailed reviews and make informed decisions.
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