For gamblers, it is very important to choose the right online casino for maximizing their winnings. Different providers have different rules and regulations regarding the games, the bonuses, and the payouts. All these must be taken into consideration before deciding to wager on a particular site. Here is a note on some common terms.
Account management
You are only allowed to create one account. So, you cannot use your credit card, your e-wallet or your bank account for funding more than one. In fact, most websites do not allow for more than one account from a particular IP address. This is done to ensure that players do not take unfair advantages of the bonuses offered.
If you are found to be using any unfair means during the games, then your account is locked and you will not get any of your winnings. Player coalition is one of the unfair actions which can get your account locked.
Rules for bonuses
Bonuses and promotions have become an important part of the industry, as they attract players and encourage them to sign up. Most of the online casinos offer a welcome bonus, which is a percentage of the initial deposit that a player makes. Some give 50% match up bonus, while others may give a 300% match up bonus. This means that on depositing a certain amount, you get the specified percentage of that amount. So, a site offering 200% welcome bonus will give you an additional $200 on a $100 deposit. However, there is an upper limit on the amount you can receive as well, which should be kept in mind while depositing.
Claiming the bonus
You also have a set of regulations for withdrawing the bonus amount. These are referred to as wagering requirements. To fulfill these, a player usually has to wager a certain amount of money, which may be a direct multiple of the amount he receives. Or, you may be required to buy bonus or reward points to unlock the amount. You need to be careful while fulfilling these requirements because most of the times, games like Blakcjack do not count towards them. Also, if the bonus is not claimed within a certain period, it expires.
Banking policies
Different providers have different rules for depositing and withdrawing money and you should learn about them before you make your first deposit. Most of them have a minimum deposit limit and require you to wager a certain amount before you can make your first withdrawal. Also, not all sanction the withdrawal immediately, as some take more time than the others. Usually, there is a limit on the maximum and minimum amount you can withdraw, which is also dependent upon the mode of withdrawal.
If you are a resident of the US, then you will face a few difficulties with regards to banking. After the Unlawful Internet Gambling Enforcement Act (UIGEA) was passed in 2006, financial institutions in US have stopped conducting transactions with gambling sites. So, you will have to use bank wires or checks if you live in the US.