A Forfeitable bonus is quite a cool offer you can claim. If you win and have not started playing with the bonus, you can forfeit the bonus and cash out.
In many casinos when you claim a bonus, both your real money and bonus money are liable to contribute to the wagering requirements.
But when you claim a forfeitable bonus, this is not the case. Instead if you have not started playing with the bonus money, you can forfeit the bonus and cash out.
Non-Forfeitable Bonus Example:
When you claim a bonus in a non-forfeitable bonus casino both your real money balance and bonus money balance need to fulfil the wagering requirements tied to the bonus claimed.
For example, lets say you deposit 20EUR and claim a 100% bonus which bonus needs to be wagered 35X and the bonus is non-forfeitable. This would give you 20EUR real money balance and 20EUR bonus money balance. The bonus amount of 20EUR would need to be wagered 35X. So you need to wager 700EUR before requesting a withdrawal.
The downside of the wagering requirement when the casino gives out a non-forfeitable bonus is that both your real money and bonus money contribute to the wagering requirement.
So even if you win, with your real money, you would not be able to withdraw unless the wagering requirement has been completed.
But in case your are not in favour of the above types of bonuses, you can read further to find out about forfeitable bonuses and how these work.
How does a forfeitable bonus work:
Gladly in some casinos such as Omnislots when you claim a bonus it is a forfeitable bonus.
For example, lets say you claim a 100% bonus with a 20EUR deposit and which bonus needs to be wagered 35X. This means that you end up having a 20EUR real money balance and 20EUR bonus money balance, which translates to a total of 40EUR which you can play on the games.
The 20EUR bonus money needs to be wagered 35X. But since the casinos in which you claimed the bonus offers a forfeitable bonus, if you have not started the bonus, you do not have to wager the 20EUR bonus money 35X. Instead if you win with your 20EUR real money balance, you can withdraw without strings attached.
Once you would request a withdrawal in the above case, the bonus money of 20EUR will be forfeited and you can withdraw your winnings.
This sounds fair when you think about it, since if you win with your deposit money which is the real money balance, the winnings are yours to keep.
Shall you wish to try your luck with this type of a bonus, you can do so at Omnislots Casino.