One thing most players will have to deal with at some time or another is online casino lapsed offers. While it may be true that bonuses are one of the great perks of gambling online, having a lapsed offer can be advantageous.
Some sites have very strict wagering requirements and time limits to use your bonus, which is not always easy or possible, especially if you have a busy week. If and when your offer expires there isn’t much you can do about, but that’s not necessarily a bad thing.
Most of the time, a casino bonus will expire because you didn’t complete the wagering requirements or use it within the time frame stipulated. Always read the fine print, as some sites have very strict requirements, like a 40x rollover or a 1-week timeframe in which to use your reward, or complete all your wagering restrictions. Often, people don’t read the fine print and miss out on completing their requirements by one or two days. Find out before you sign up what the requirements are and make sure you stick to them.
A casino lapsed bonus offer has an obvious disadvantage in that you will not be able to use the “free” reward you have been given you for signing up. Most offers include a 100% match on your first deposit, so if you deposited $200, you are essentially losing out on $200 worth of “free” wagers. Yes, there are restrictions and requirements to fulfil, but if you do it right, it can work in your favour.
There is another major disadvantage. What most people don’t realise is that online casino lapsed offers also affect any winnings you may have incurred using your bonus. For example, you get your free money or free spins; you go online, play your favourite slots and pull in a massive win. Before you can cash out, you have to complete your wagering requirements. If you fail to do so, your reward amount and all the winnings attached to it will be lost. Letting your reward expire also means losing out on the money you won on the slots.
While it may not seem like it, there are some advantages to losing your bonus. While it not always the case, many casinos automatically remove your wagering requirements as soon as your reward expires. This means you don’t have to worry about wagering high amounts or playing multiple games to clear your requirements in a hurry. This is often where players lose focus and end up losing a lot of money. Without the restrictions in place, you are free to play at your own pace in your own way.
The second advantage of online lapsed offers is the removal of betting limits. Often your betting limits are restricted when you are still fulfilling your wagering requirements. This is designed to make you play more games more often, leading to more profit for the site you’re playing at. When you lose your reward, the betting limit is removed and you can bet the full table limit if you want.
Some casinos are sneaky and do not remove your wagering restrictions or betting limits even with a casino lapsed bonus offer. This information is usually found in the terms and conditions fine print and can be extremely frustrating if you are unaware of what is going on. In this case, there is simply no advantage to losing your bonus. Its best to avoid signing up with any site that includes this in their terms and conditions.