Thu. Feb 2nd, 2023

You’ve noticed that most adverts for online casinos offer some bonus or FREE money to entice you to play there. Before you start claiming this free money and then becoming irritated that you’ve been duped, I urge you to continue reading to learn how this all works.

 

 

First, you might wonder why online casinos provide “free” money.

 

Their marketing and differentiating approach include this. In a nutshell, online betting sites are typical “skins” of a particular software provider, so behind the various owner, graphics, licenses, etc., there is not much difference between, for example, all Playtech-powered casinos and all Microgaming-powered ones.

 

Therefore, if they are primarily identical under the hood, there must be a compelling reason to play at an online casino “X” rather than “Y.” In addition to visuals, licensing, support, and reputation, delivering something to potential gamers, in this case, a bonus, is another approach to attract them.

 

Before we get into the meat of the various types of bonuses offered by online casinos, here are a few more phrases and points you should be aware of so you can clarify them with a support representative before claiming a bonus so that you know where you stand and what you’re claiming.

 

Wagering requirements: The majority of bonuses have wagering or playthrough requirements, which stipulate that you must spend a particular amount before you may withdraw your winnings. Typically, wagering requirements range between 15 and 40 times the bonus amount but pay close attention to what you are expected to wager. In some instances, the wagering requirement will be the bonus multiplied by X. In contrast, in others, it will be the bonus plus the deposit multiplied by X. The latter is more prevalent.

 

Games played: Be sure to read the terms and conditions in this instance. Because online slot games are typically the most lucrative for online casinos, slots-only incentives are prevalent. Typically, scratch cards and keno conform to these criteria.

 

In all other instances, you will be permitted to use your bonus on all games; however, not all games will fully contribute towards the playtime requirements. For instance, playing on slots will count for 100 percent, but playing on roulette will only count for 30 percent, meaning you will need to gamble roughly three times more to meet the wagering requirements and withdraw your winnings.

 

Most of the time, to collect a bonus, you will be asked to make a minimum deposit, which can also vary. Typically, it is a tiny sum that you will likely deposit anyway. Usually, it is at most $50.

 

Now that we’re all on the same page and speaking the same language, it’s time to discuss the most common bonuses offered by online casinos.

 

Match bonuses are the most prevalent sort of bonus. The casino will credit you X% of your deposit for each dollar you deposit. If, for example, casino Z gives a 100% match bonus, a $100 deposit will result in an additional $100 in bonus funds. It means that the actual starting bankroll for casino gambling is $200. Match bonuses nearly always have a maximum bonus amount that can be claimed. A match bonus can be a standalone bonus as part of a campaign (more prevalent at US-friendly online casinos) or a component of the welcome bonus.

 

The vast majority, if not all, online casinos give a welcome bonus to new players who sign up and make their initial payment. The welcome bonus is the sum of all the possible match bonuses you can accumulate as a new player at the casino over a specific time, within your first X deposits or a combination of the two; therefore, if a casino advertises a $3000 welcome bonus, it’s the maximum you can get with the 1st deposit bonus, second deposit bonus, monthly bonus, etc., where if you deposit the maximum amount of each match bonus, you can reach the advertised welcome bonus. You must deposit less than required for the maximum bonus in each level to reach the welcome bonus amount. Therefore, the offered welcome bonus is the MAXIMUM amount of bonus money you can claim during your initial period of play at the casino.

 

No-deposit bonuses are self-explanatory. It is a bonus from an online casino that allows you to play games for real money without making a deposit. It is a beautiful way for online casinos to attract new players since it allows them to try out the casino without making a deposit. In some nations, it helps resolve the “trust” issue of online casino players. Many gamers comfortable making deposits and playing at a particular online casino will be hesitant to test a new one. Other players are hesitant to deposit evaluating the software and games. Thus a no-deposit bonus might be of great assistance. Some online casinos include no-deposit bonuses as part of their standard offering.

 

In contrast, others eschew them because they tend to attract the wrong type of players, i.e., those who have no intention of playing for real money in the first place. They place an undue burden on the support staff without producing any tangible results. The truth likely lies somewhere in the center, and people claim no-deposit incentives for various reasons.

 

No-deposit bonuses are typically relatively tiny, ranging from $10 to $15, and are offered by casinos or websites linked with casinos to potential customers. If you’re fortunate, you must meet wagering requirements before withdrawing your gains from no-deposit bonuses.

 

Sticky/Play-only bonuses cannot be withdrawn from the player’s account. If you are fortunate enough to win and request a withdrawal, the bonus sum will be removed from your earnings. Suppose you claimed a $50 sticky bonus and were fortunate enough to increase your account balance to $500. Now you wish to cash out your gains and celebrate with your buddies. The online casino will only allow you to withdraw $550 from your player’s account, and $50, the sticky bonus amount, will be worthless. Play-only bonuses are typically higher and have fewer wagering requirements than match bonuses.

 

Payment method bonus: This was initially widespread at Playtech-powered casinos and has extended to many others over the years. In addition to using a credit or debit card to deposit at an online casino, there are several electronic solutions, most of which enable instantaneous fund transfers without the associated difficulty and high costs. Many of these alternative payment methods, as they are generally termed, offer their services to people without a credit check, and you can transfer money from your bank account privately.

 

Some are even pre-paid cards available for purchase at kiosks. Using these alternative payment methods, you can receive an extra 10-15% bonus on every deposit you make in addition to any other bonus you claim. Be careful to read the cashier area before signing up for an online casino you’ve never played at, as this can be in your favor.

 

Most online casinos offer a Loyalty/VIP Club program where players can redeem incentives in exchange for points earned while playing. The more you play, the more points you get and the higher the conversion rate between points and bonuses.

 

Always examine the particular terms and conditions of the online casino you are playing or want to play, as you may not be permitted to withdraw the bonus money, or the bonus sum may be deducted from your earnings.

 

OK, now you’re thinking about taking advantage of all this good, so here’s the other side of the card. Online casinos are highly sensitive to gamblers abusing bonuses, often known as bonus whoring. In the same way that you can be expelled from a land-based casino for card counting, your online casino account can be locked at the slightest suspicion of bonus abuse.

 

You must remember that gambling is a form of entertainment intended to be entertaining and thrilling. The casino is not a day job, and it is impossible to earn money there. Bonuses add to the pleasure and excitement but are ultimately just a marketing tool. Claim them, have fun with them, and raise your enthusiasm, but do not anticipate leaving the game with more money.

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