Casino bonus- wager online risk free
Online casino bonuses are some of the best tools that a majority of casinos use to woo players to their websites. Going by the name, bonuses are free money that a casino would offer you for either joining their platform or as part of a promotion in order to extend your playtime at the site while giving you a chance to try out some services before you deposit real money. Stemming from the huge number of online casinos available today, casino bonuses will vary from one casino to the next, although it's possible to find some standard bonuses. Below is a list of bonuses you're likely to get:
Types on online casino bonuses
Different sites offer varying bonuses depending on their ongoing promotions. For this reason, the type of bonus you receive will depend on the casino you join, the game you select, and the amount of money you stake. It is therefore important to have an understanding of the type of bonus on offer, what you need to do to receive it, and how to use it. These details will help you determine how suitable a bonus is in relation to your budget and preference.
1. Match Deposit bonus
If you've visited an online casino website, you may have come across the match deposit bonus. This is perhaps the most common type of casino bonus stemming from the excitement and hype that come with it. However, it is not without disappointment and frustrations.
So what is a match deposit bonus, and why does it come with much hype in online casinos? The main reason behind this is because it is offered when a player first joins an online casino and after making their first deposit. Online casinos use this bonus to attract new players to their website, and as a consequence match deposit bonuses come in huge sums. Unfortunately, these bonuses are associated with high play through requirements, which often times favor the casino particularly if the casino has many players. Therefore, it is advised that you do your assignment well and choose a site with friendly wagering requirements on the juicy online bonuses.
2. No deposit bonuses
Going by the name, a no deposit bonus is offered by online casinos through no deposit promotions. During this promotion, you'll be given free bonus money irrespective of whether you make an initial deposit or not. You can use this free money to access other services to play at the casino as stipulated in the terms and conditions.
Types of no deposit bonuses
No deposit bonuses come in two forms:
Free spins with no deposit- you will be awarded this as soon as you complete the registration process. As opposed to the free bonus money, free spins without deposit are offered in the form of free spins normally in the range of 10 to 50 spins. However, such spins can only be used to play specific games as outline in the casino's terms and conditions.
Free money without deposit- similar to the free spins, you will be awarded free money once you're done with registration. It is however important to note that this form of bonus may be non-cashable meaning that you can only use this money to play and access other casino services. The best part of it is that you can withdraw any winnings resulting from the bonus, but having met all the wagering requirements.
How much is a no deposit bonus?
Stemming from that fact that no deposit bonuses are free of charge, most online casinos limit these bonuses to not more than five dollars. However, for long-standing casinos, the amount could be higher with some casinos offering up to $10 for new players.
3. Cash back bonuses
These bonuses are offered on a cash-back promotion setting. Various casinos offer these bonuses in the form of goodies to players who upgrade to casino's VIP slot clubs. Although these clubs offer cash back to VIP players, they can also offer free meals, non-property services or free room upgrades as opposed real money.
With regards to online casinos, the cash back bonus works differently. Online casinos tend to pay such bonuses in different forms. For some sites, cash back bonuses apply to all players who get real cash. For other casinos, this promotion program applies exclusively to VIP players where they get bonuses paid weekly or monthly.
The amount given as cash back bonus is dependent on the amount you lose playing at the casino. Cash back bonus is paid directly to your account; a slight difference from other forms of bonuses.
How cash back bonuses work
Cash back bonuses vary from one casino to the next, but players get real money in their accounts. In some cases, this bonus will be limited to selected casino games to encourage more players to play with some reduced risk. In other cases, the bonus will be calculated over a particular period, say daily, weekly or monthly. However, the bonus can be capped at some amount, may be $100.
4. Refer a friend bonus
For this bonus, you're awarded if you refer a friend who successfully signs up at the online casino, makes an initial deposit, and meets all the wagering requirements. To get the bonus, your friend must register with a unique link that you'll get from the casino. Stiff competition in the casino industry has forced some casinos to design the bonus to favor you and your friend.
Casino bonus rules
Just like any other service offered by the casino, bonuses are subject to terms and conditions that must be adhered by all players before using them. The T&Cs have been based on 'what you must do to receive'- eligibility 'what you must do to use' - wagering requirements, and or not limited to "what you must do to redeem'. Having a look at the conditions will not only help you claim the bonus, but also help you understand how to use the bonus.
Wagering requirements are set by online casinos to cushion themselves from huge losses and prevent players from abusing the bonuses offered. Also termed as playthrough requirements, wagering requirements come in two forms:
Specific bets- In this, the casino specifies which games can be played using the bonus. For instance, you might only be allowed to play the Spartacus Gladiator of Rome and the Queen of the Wild games using a welcome bonus. Therefore, you cannot use the bonus to play any other game apart from what's specified.
Rollover requirements- this refers to the total number of times normally expressed as 20x that you should place a bet with your bonus before using or withdrawing it. Unless you fulfill the wagering requirements set by an online casino, the bonus money awarded is just a figure. Wagering requirements are as variable as there are online casinos. Perhaps welcome as well as no deposit bonuses have the highest wagering requirements.
Other terms and conditions
Apart for the wagering requirements, you need to have a look at the following:
Bonus expiration. A specific window of time is set for players to use the bonuses awarded to them. This is done to encourage them to quickly use the bonus. For instance, a casino may give you up to 14 days to claim free spins credited to your account, failure to which the bonus is revoked. In addition, online casinos may set dates for wagering requirements. For example, you can be given a 30-day window to meet the wagering requirements after getting a bonus. If this is not met, then the casino can revoke the bonus plus any winnings as a result of the bonus.
Casinos bonuses are given for the sole reason of getting new customers. While as a player you benefit from the extra money, you need to look at the terms and conditions set by the casino before making any deposit or start playing.