Casino bonuses seem to be everywhere online, offering different things to different people, and different promotions to different players. It can all be very confusing, but it doesn’t have to be! Once you understand what it is you’re signing up for and what it is that you’re getting, bonuses can be a great way to reap financial rewards for playing on certain sites and remaining loyal or signing up.
While bonuses can be great and can definitely be used to your advantage, you need to remember that they are always given from the site with a motive in mind. Businesses don’t just give away free money (unfortunately!). It can either be to attract you as a new player or to keep you spending money and betting money.
Either way, you need to understand fully what bonuses are and how to weed out the best ones from the not so great ones.
What is a Casino Bonus?
A Bonus that is given by an online casino is usually free betting credits that are given to a casino member for them to use exclusively on the site. These can’t be withdrawn and must be used as credits on games.
If a casino bonus is offered to a new member or someone who has signed up for a trial it gives them just enough to try out all the different games, get a feel for the site and see if it is somewhere they would like to commit to and give their own, real money to.
For people who are already a member, it can help the casino to keep hold of them and to keep them happy and betting more money.
Types of Bonus
There are always going to be new and experimental types of bonuses that online casinos offer, with each one trying to be different and trying to get more people to join them and spend their money. However, these are the most common types of bonus that you will see being offered,
A welcome bonus is a bonus that is given when a new player signs up to an online casino and makes their first deposit. It can come in a few forms, either where the casino matches what you deposit, a set amount, or extra credits to VIP areas of the site. You have to register as a real person with a real bank account and the bonus is usually not able to be withdrawn.
High Roller Bonus
This type of bonus does what is says on the tin, and you do have to be a ‘high roller’ to be able to get this type of bonus. It rewards players for depositing or spending big amounts of money on the site. If a member is betting a lot of money over time, certain online casinos will pay big money as an incentive for the member to bet even more money.
No Deposit Bonus
A no deposit bonus is rare, but it does still exist. This type doesn’t require any money to be invested in the account you sign up for, you just need a valid email address and then you can start playing!
Free Spin Bonus
Free spin bonuses are often tied to one type of game or slot and allow you to have one free turn on that game. Usually, these come as a sort of consolation prize if you haven’t won big on a game, or can be used a sort of second prize when you don’t luck out. Online casinos that don’t offer welcome bonuses or no deposit bonuses will sometimes offer a free spin as a welcome.
Free Time Bonus
A free time bonus is another form of introductory offer and lets new members have a dedicated amount of betting credits and one hour to use them on the site without making a deposit. The credits must be used up in the allocated time or the user loses them forever.
Wagering requirements are basically the terms of the bonus. These rules set out how you will get the returns on your deposit. Usually how many times you need to play through the bonus/bonus and deposit to be able to withdraw the money that you’ve won. These wagering requirements vary depending on the site and you should read the full terms and conditions to get the total picture.
Most of the time it’s very simple to work out and will be an easy calculation. The basic formula would be this:
n x B
n x B+D
Where n is the applied number and B is bonus and D is deposit.Follow me on social media