Understanding Casino Bonuses in 2020
With the continued growth of the online gambling industry, it seems that more and more of us are choosing to sign-up to casino sites.
As you might expect, the flood of new players has been a boon for the online gambling industry, which has experienced a massive growth spurt in recent times. This has led to increased scrutiny from the United Kingdom Gambling Commission, the body in charge of regulating the industry, who are urging casinos to provide more transparency to members.
Nowhere is this more true than with casino bonuses, which can either be a massive boost for new gamers or, in the worst cases, prove a costly sting. Check out this selection of the best casino signup bonus offers for guaranteed secure promotions.
In this article, we will take a look at how to understand casino bonuses in 2020 in light of the recent news from the UKGC.
The recent crackdown by the Gambling Commission
In an unprecedented move, the UKGC has told casinos that their bonus offers must now be much clearer in displaying terms and conditions such as wagering requirements. The move comes as many gamers, particularly new ones, have voiced complaints over huge wagering requirements in many bonuses.
In a show of force, the UKGC has informed casinos that those who do not follow the new rules could be disciplined with large fines and regulation.
Understanding the fine print terms
When it comes to casino bonuses in 2020, players should be aware of any terms included in the fine print before signing up.
Often, these terms include wagering requirements, maximum deposits and other rules designed to limit players taking advantage of bonus offers. Very often, casinos are not forthcoming in explaining how their terms work, so it pays to closely read all terms and conditions prior to signing up.
How wagering requirements work
Essentially, wagering requirements oblige players to play through a set multiple of whatever bonus they received before they are able to access any winnings.
For example, if you receive a bonus of £100 with a 10x wagering requirement, you must wager £1,000 before you can access any of your winnings made along the way, which are stored in a pending balance until the requirement is met.
How to select a safe and verified casino bonus
The easiest way to select a safe and verified casino is to use a reputable review site that provides honest advice and information about any given casino. This way, you will know that your game will be a secure one. What’s more, it always pays off to research a casino’s licensing prior to signing up, with those lacking an official license much more likely to cheat players out of money.
Another surefire way to select a safe and verified casino is to select a site that is a large, globally recognised name. These casinos tend to offer a fairer, more secure game yet you should always read terms and conditions of any bonus prior to signing up.