Online Casino Bonuses

In an effort to attract potential customers to their gambling website and compete with rival businesses, the majority of casinos online utilize a variety of promotions and incentives known as online casino bonuses. Contrary to what you may have observed when visiting a brick-and-mortar casino, online casinos offer several types of bonuses to players. The bonuses may be divided into two categories: 1) those offered to new customers, often known as welcome bonuses or sign-up bonuses; and 2) ongoing promotions that are only available to loyal customers. The rewards can vary widely. Some casinos provide bonuses as hundreds of free spins or thousands of dollars in additional cash to gamble with. Other casinos offer punchier yet no less valuable prizes, like a limited number of cash bonuses worth just a few bucks.

Primarily to get you in the door and playing for real money, welcome bonuses typically involve you depositing your own cash and receiving added extra cash, which is a very attractive proposition for the player. With no deposit bonuses, you simply sign up for an account and then are credited with money to play, typically a few bucks to use at some specific games. The caveat is that often you will be unable to cash out your winnings unless you satisfy certain wagering requirements. Those requirements are stated in the terms and conditions of casino bonuses, which should be closely read since it’s not uncommon for some online casinos to have excessively high requirements. Wagering requirements are a multiple of the bonus amount you must play for before being eligible for a payout — for a no deposit bonus, the requirements would be for your winnings.

Types of Bonuses

Online gambling operators often offer bonuses to their customers to develop customer loyalty. These bonuses often work in the operator’s favor. For instance, deposit bonuses, free play, or free spins most often have significant wagering requirements associated with them. A wagering requirement is a provision that states you must wager a specified amount of money before you can withdraw winnings generated by using bonus money. While bonuses lower your cost of play, which is favorable to you, it is important to also pay close attention to the various conditions imposed on bonuses before accepting them. These conditions vary widely from operator to operator and change frequently.

The no-deposit bonus is one of the most popular and attractive types of bonuses. With this type of bonus, you receive either free play or free spins upon registration and before you make a deposit. Some online casinos also allow you to try out selected games or play for a limited period of time. The downside of the no-deposit bonus is that the amounts are usually relatively small. Some casinos will ask you to use a promo code upon registration to activate the no-deposit bonus. Make sure to apply the code before you make your first deposit, or ask the casino support team to activate the bonus for you. If you fail to do so, you will not qualify for the promotion, which may deter you from using that online casino in the future. Also, note that the terms associated with these bonuses are often less favorable than with deposit bonuses. And therefore be sure to read and understand the wagering requirements before you start playing.

Free spins bonuses allow you to play a certain number of rounds on selected slots for free without risking your own money. Although you play for free, any winnings obtained during your gaming sessions are usually subject to a stipulated wagering requirement before you can withdraw them.

Wagering Requirements

When online casinos offer promotions to their customers, they always attach a condition to the promotion, which the player or gambler is obliged to adhere to at all times. This wish can take the form of withdrawal limits, deposit limits, game restrictions, and other terms. In most cases, the conditions are referred to as betting requirements. It is a rule that the gambler must adhere to before a withdrawal is allowed. Terms in the gambling world reflect that the amount of money you have to bet, mainly before receiving a withdrawal, exceeds what the casino provides you with as a bonus matched on your deposit. It is only from the winnings of that bonus that you will be able to withdraw money that would not be in violation of the betting requirement terms.

Online casinos have caps on the bonuses that users may withdraw, oftentimes a small percentage of what your deposit is. The requirements have a varying degree of difficulty, depending on what game you play. The rules vary by game category, and it is up to the gambling enthusiast to read the fine print before even deciding to play that game. Slot machines make up for the requirements at a 100% rate, while card games like blackjack and roulette make it only to 10%. This is the reason why any gambling expert or who has experience in the online casino world will always recommend playing slot games. Slot games take one hundred percent of the volume when it comes to compliance contributing towards the bonus wagering requirement terms.

The requirements work like this; for example, if the player were granted a bonus of 100% up to a certain amount with a 10x wagering requirement, they would need to first bet a specified amount in that particular section and their winnings would not be eligible for withdrawal due to breach of the casino’s conditions. The rules roughly break down like this: bonus + deposit = total balance – previous wagers = balance available for purchase. This is what scammers do to lure gamblers into trying and failing to chase losses. Whenever going to a casino, whether it’s in person or online, remember to gamble responsibly.