How to Clear Online Casino Bonuses

Online casinos offer a lot of free money in the form of bonuses but they require you to “clear’ the bonus before you can withdraw your money. This is simply a security feature that’s used to keep online casinos in business. If you could just deposit enough money to get a $1,000 bonus and then immediate withdraw everything, every online casino would be broke in a week.

In order to cash out your bonus money, you have to wager a certain amount of money at the casino. Most casinos have a “20x” policy which means you have to wager an amount of money equal to twenty times the amount of your deposit and bonus.

For example, let’s say you deposit $100 at Cherry Red Casino and get a $100 bonus. You’d have to wager a total of $4,000 ($200 x 20). This sounds like a ton of money but it’s really not so bad when you think about it. The key point to keep in mind is that this rule is based on “wagering” money, not losing it.

With casino payout percentages averaging 98%, you can wager $4,000 on a small deposit rather easily. Every time you spin the reels or deal a hand of Caribbean stud, you are in the process of clearing that bonus.

After you wager the required number of dollars, you’re free to keep on playing or cash your money out. Some casinos will let you cash out the entire bonus while others only allow you to cash out any money you’ve won by wagering the bonus.

At online casinos that only allow you to cash out your bonus winnings, you can cash out any amount of money above the initial bonus amount. For example, if you get a $100 bonus and break even while wagering it, you won’t be able to cash anything out. However, if you do well or hit a jackpot, you can cash out anything above the initial bonus amount.

Again, this sounds worse than it is. In reality, you’re getting a bunch of extra free plays at the casino. If you are going to be gambling anyways, you might as well take advantage of the biggest casino bonuses possible. The only thing they can do is help you win more money than you would have won with just your deposit alone.

I also recommend that you check the terms and conditions of each bonus. The online casinos listed here at Biggest-Casino-Bonuses.com are high class operations but it’s still always recommended that you read the terms and conditions of every bonus you go after.

Most online casinos don’t allow certain games to count for your clearing requirements. Breakeven games like blackjack and red/black on roulette don’t count for the clearing requirements because the potential for bonus abuse is too high.

Summary

Clearing online casino bonuses is easy as long as you understand the terms. Check the terms and conditions and remember to wager enough money to cash your bonus money out. The extra free money will keep you online and winning money longer.