BetBit Live Bitcoin Casino is an exceptional bitcoin casino that is dedicated to live games. Due to the nature of bitcoin and other cryptocurrencies ability to make fast instant deposits and withdrawals Betbit has formed a reasonable set of terms and conditions for the bonuses offered. These terms only apply to players who opt for a bonus.
Unless otherwise specified the wagering requirements will be 45X the bonus + deposit amount. When the bonus is applied to a player's account a withdrawal is not allowed until the wagering requirements are met. The wagering requirements (play through requirements) of the bonuses are specifically stated in the Bonus Terms and Conditions section below. If the wagering requirement is not mentioned in the bonus promotional add, the default wagering requirement will be in effect.
Here is an example of how BetBit calculated the wagering requirement. Let's say a player has received a 100% on his or her first deposit of 100mBTC. The player receives an additional 100mBTC bonus. The player must then wager ((100mBTC*2) * 45) a total of 9000mBTC in qualified wagers before the player may withdraw the funds. A "qualified wager" is a wager that meets the specifications below. A "qualified wager" is made in good faith and must exclude the games listed below.
BetBit's administration and staff offer bonuses to players with the goal of increasing the player's entertainment value. This proposition is made in good faith. A wager that is placed where the outcome is designed to thwart this ethos is not in Good Faith and rendered void. One example is placing a wager on a game that renders the bet with no risk. These types of wagers will not be counted towards the wagering requirement. One clear example is playing live roulette where a wager is placed on both "black" and "red" simultaneously. The risk is little or none existant with the goal of driving up the artificial numbers of the wagering requirement. These types of bets are not in the nature of the bonus and will be exempt from the wagering requirement calculation.
BetBit Casino features live dealer casino games with exceptional player payout percentages. One example is the game Live Blackjack with Early Payout™ which boasts an impressive 99.4% payout. BetBit's live baccarat (live Punto Banco) even has a payout of greater than 99%. For this reason unless otherwise stated these games will be excluded from calculating the bonus wagering requirements. The following games do not count towards the bonus wagering requirements:
BetBit's goal is to provide our members with a unique experience they will find nowhere else except with BetBit. We are not only focusing on the exceptional live gaming experience but also creating distinctive promotions that give players chances to win beyond the casino tables.
Bonuses that do not require a "real" money deposit have a maximum bonus value of €100. The maximum amount of funds that can be withdrawn is €100. Unless otherwise specified a wagering requirement of 50 times the sum of the bonus amount and qualifying deposit are required in order to withdraw. Standard game exclusions do apply.
In order to qualify for any bonuses or promotions at BetBit, the player must not have requested a Self Exclusion. BetBit Casino promotes responsible gambling and works with players to actively prevent problematic gambling.
Bonuses are intended for recreational players and are awarded to enhance your enjoyment of our casino games through regular gameplay. Betbit.com reserves the right to dictate how a bonus is utilized by a player. Any player found to have met the wagering requirements via exploitative bonus activity on any game in the casino will not be allowed to include this amount towards their wagering requirement. Betbit.com reserves the right to withhold any amount in excess of the member’s original deposit until the correct amount is wagered fully and fairly. Furthermore, the casino also reserves the right to restrict certain types of wagering from contributing to wagering requirements and to withhold any withdrawals and/or confiscate all winnings for irregular play.