Understanding Casino Bonuses
Casino Bonuses are incentives offered by online casinos that also attract new players and keep existing players happy. There are different types of casino bonuses. In this article, We will explain the various types of casino bonukset and how they work.
While all bonuses are ‘juicy’, they all have wagering requirement which you have to meet before you can withdraw any winnings. Before opting for any casino bonus, understand the terms and conditions, and the wagering requirements.
Some bonuses can only be used on selected games. Ensure you fully understand what the casino bonus entails before you opt-in for it.
Wagering Requirements Explained
There is a need for a section that explains what wagering requirement means because many online casinos do not understand it. They use the bonus to play only to discover that they did not meet up with the wagering requirement and cannot withdraw their winnings.
A wagering requirement refers to the number of times you have to use the bonus amount before you withdraw your winnings gotten directly from the bonus.
If the wageringor playthrough requirement is 20x on a deposit bonus, you have to play the bonus amount 20x before you can withdraw your money. For example, if you deposit $50 for a bonus of $50, you have to pay $100 at least 20 times before you can successfully withdraw any winnings.
Some casinos will make it easier and only require you to wager only the bonus amount instead of the deposit plus bonus. For example, if you deposit $100 and you get $200 as a bonus, and the wagering requirement is 25x, you will only have to wager at least 25 times the bonus amount ($200) instead of $300.
Also, the bonus may only be limited to certain games, excluding others. If you meet the wagering requirement on a game that is excluded from the bonus, your wagering count is still 0 and you cannot withdraw your winnings. Pay attention to the available games you can play with the bonus.
Types of Casino Bonuses
Here are the different types of casino bonuses.
No Deposit Bonus
This bonus only requires you to register with the online casino offering this bonus and on successful registration, you get the bonus. The bonus is completely free and the ideal welcome bonus many online casinos offer its new players.
Sometimes the bonus gets credited to your online casino account and other times you have to put n a coupon code or request it on the site.
As a free bonus, it comes with several limitations. Some could include a maximum deposit requirement and a token deposit before the withdrawal. The wagering requirement is usually higher than other bonuses and it is often limited to some games.
Match or Deposit Bonus
You receive this bonus when you deposit with an online casino offering this bonus. For example, a 100% match bonus up to $500 means that the online casino will offer you $500 as a deposit bonus in addition to the original $500 you deposited. Your bankroll will total $1000.
Factors to take note of with this bonus include the playthrough requirement and the maximum deposit bonus amount. Online casinos usually offer this bonus to new players on their first deposit. Some offer it on the five first deposits.
Free Money Bonus
This bonus is a fixed bonus where you get the same bonus amount irrespective of how much you put in. For example, if the minimum deposit requirement is $20 for a free money bonus of $80, if you put in $100, you will still receive the $80 as a free money bonus.
This refers to a bonus offer where you can not withdrawal the allocated bonus money but only the profit on it. For example, if the online casino offers you a sticky bonus of $100, and you increase it to $200, you can only withdraw $100. The sticky bonus of $100 will be removed from your payroll once you withdraw your winnings. Casinos are usually generous with this type of bonus.
These refer to the bonuses you find on third-party websites offering players exclusive bonuses just for them. It can take any form (No Deposit Bonus, Match Bonus, Free Money Bonus, and Sticky Bonus).
Before jumping at such exclusive offers, pay attention to the terms and conditions, especially the wagering requirement.
This is a reward strategy awarded to big-time rollers and long-term users of the online casinos. The bonus offer varies across different casinos. These bonuses have little or no wagering requirement, and the terms are generally favorable to the player.
Online casinos use these bonuses as part of their overall marketing strategy to attract new players and retain expecting ones.