The only real downside is that players who win money during their first week won’t receive a bonus from the online casino. But we’re sure they won’t care that much, given that they’ll be in the black.
The most you can win with cashback bonuses is the stated amount of cashback offered by the casino operator. So, if a site had a cashback offer of up to $100, you’d need to deposit at least $100 to have a chance to receive the max offer. Of course, that would mean that you would need to lose at least $100 to get that $100 paid back.
If you deposited $50, for example, you’d be eligible to receive only a total of $50 back if you lose during the promotional period.
What are wagering requirements?
While NJ online casino bonuses can be a great way to pad your bankroll, it’s important to note that they come with a catch. Namely, players cannot withdraw match bonus funds until they satisfy something called a wagering or turnover requirement.
The wagering requirement is synonymous with how much action a player must give a casino. For instance, if a 100% match up to $2,500 match comes affixed with a 20x wagering requirement, that means players must give the NJ online casino $50,000 ($2,500 x 20) in action before the bonus funds are moved over to their cash balance.
As one may have guessed, the lower the wagering requirement, the better. That’s because casinos always have the edge, so the more a player is forced to gamble, the better the chance the casino will come out ahead.
How do wager requirements in New Jersey stack up?
The good news is that most NJ online casinos offer very reasonable wagering requirements, that allow players to temporarily flip the casino edge on its head.
- Match percentage: 100%
- Match bonus cap: $1,000 (min $30)
- Wagering requirement: 10 times the deposit plus bonus amount (essentially 20x)
- Timeto clear: 30 days
Calculating your average theoretical win
In the example above, a player who wagers $20,000 in 30 days will clear their bonus. Continue reading «What’s the max you can win with cashback offers?»