Most online casinos advertise bonuses or free money to encourage you to play there. As with most things in life, there is no free lunch. Before you get upset about being scammed and claiming this bonus, please keep reading to learn how it all works.
You may wonder, “Why do online casinos offer this free money?”
It is part of their differentiation and marketing strategy. Online casinos are “skins” of specific software providers. This means that there is no difference in the graphics and licensing, etc., between, for example, all Playtech-powered casinos or all Microgaming-powered ones.
If they look the same underneath, you need to find something that will make you want to play at “X” casino online and not “Y”. A bonus is a way to market to potential players. This includes graphics, licensing, support, and reputation.
After that, you may ask: Casino X offers $5,000 free. I’ll sign-up, take my $5,000 and play them out at Casino Y.
This is also a simple answer. You will need to deposit to receive bonuses at an online casino.
Before we get into the meat of online casino bonuses, there are some additional terms and points that you need to be aware of.
1. Wagering requirements:
Many bonuses have playthrough or wagering requirements. You must play a certain amount to withdraw winnings from your account. The wagering requirements for most bonuses are between 15 and 40 times.
However, it is essential to pay attention to the wagering requirements. Sometimes it is just the bonus amount multiplied by X, while in other cases, you need to wager both the deposit amount and the bonus X times. This is the most common.
A second thing to remember about wagering requirements is that most online casinos will only allow you to withdraw your winnings if you meet the wagering requirements. This is not fair, but it is a fact.
2. Games played:
Please read the T&Cs. Many bonuses are only valid for slot games, which is why they are the most lucrative online casino games. Scratch cards and Keno will usually follow this rule.
Other cases will allow you to use your bonus on any game, but only some games count 100% towards the playthrough requirements. Play on slots will be trusted 100%, but roulette will only count 30%. You will need to wager three times more to meet the wagering requirements and withdraw any winnings.
3. Minimum deposit required:
To claim a bonus, you must make a minimum deposit. This can vary from one case to the next. You will likely deposit it anyway, but it is usually a small amount. It is generally under $50.
We are now all on the same page, and we can all speak the same language. Let’s go over the main types available at online casinos.
1. The most popular type of bonus is the Match bonus. You will receive X% of the amount you deposit for every $ you deposit. Casino Z may offer a 100% match bonus. Deposit $100 to get $100 more. This means you can play at the casino for $200. You can only claim a maximum amount of match bonuses. Match bonuses can be used as a standalone bonus, as part of a promotion (more popular at US-friendly online casinos), or as part of the welcome bonus.
2. Most online casinos offer a welcome bonus to new players, even if they don’t all. The welcome bonus is the total of all possible match bonuses you accumulate as a new casino player over a certain period, within your first X deposit(s) or a combination of both. For example, a casino advertising a $3000 bonus will be the maximum you can receive with the 1st, 2nd, and monthly premiums. You can achieve the advertised bonus if you deposit the maximum amount for each match bonus. You can only claim the advertised welcome prize if you deposit the minimum amount for each stage. The welcome bonus you receive is the maximum amount of bonus money you can claim during your first time playing at the casino.
3. The No Deposit Bonus is straightforward to understand.
An online casino offers this bonus and allows you to play real-money games without depositing. This bonus is great for online casinos as it will enable new players to try the casino without making a deposit. It can be used in certain countries to solve the trust issue that online casino players face. Online casino players are used to depositing at their preferred online casino and will not be afraid to try out another.
Some players won’t deposit until they have tried the software and played the games, so a no-deposit bonus is a great option. Online casinos offer no deposit bonuses, but others avoid them because they attract the wrong players. Online casino players who do not intend to play for real money will be disqualified. It also puts pressure on the support staff and results in no actual results. The truth lies somewhere in between. People claim bonuses without a deposit for different reasons.
The bonuses, usually for $10 to $15, are offered directly by the casino to potential clients or through associated websites. If you have been fortunate, you must meet wagering requirements before withdrawing your winnings.
4. You cannot withdraw your bonus from your account if you have a sticky/play-only bonus.
You can request a withdrawal if you are lucky enough to win. Suppose you won a $50 prize with a sticky bonus, bringing your account balance up to $500. You now want to cash out your winnings and celebrate with friends. Online casinos will not allow you to withdraw more than $550 from your player account. The sticky bonus amount of $50 will also be null. The wagering requirements are lower, and play bonuses are generally larger than match bonuses.
5. Payout method bonus:
This feature was first offered at Playtech-powered casinos and has since been extended to many other sites. You can deposit at an online casino using your debit or credit card. Many electronic options allow you to transfer funds instantly without any hassle.
These alternative payment options, often called “alternative payment methods, ” offer services for people without a credit score and allow you to transfer money from your bank account discretely. You can even buy pre-paid cards at a kiosk with some of these alternative payment methods.
These alternative payment options can be used to receive a bonus of 10-15% on all deposits and any other extras. Before you sign up for an online casino, make sure you check the cashier section. This can be a great advantage.
6. Many online casinos offer a Loyalty/VIP Club program where you can redeem bonuses for points earned while playing. You can convert points into points by playing more.
You should always check the T&Cs of the online casino where you are playing or planning to play. Sometimes you won’t be allowed to withdraw your bonus amount, or you could lose your winnings.
Okay, I know you are now wondering how to get the most out of this great offer. Here’s the flip side. Online casinos are very sensitive to bonus whoring by players. Online casinos can lock your account if you suspect your player is abusing bonus whoring. Gambling is entertainment.
It is supposed to be exciting and fun. You can’t make a living at the casino, and it’s not a full-time job. While bonuses add to the excitement and fun, they are a marketing tool. You can claim them, have fun with them, and increase your excitement, but you won’t get richer.
Ron M. Faulkner, a leader of the online casino professionals behind Casino Promo Guide. This group provides updated information on bonuses and promotions for online casino players all over the globe. This game aims to allow players to stretch their online gambling funds during a relative recession.