Nowadays, casino bonuses are much more than small pleasant rewards that casinos give to their players. They are a significant part of the world’s gaming industry, a business, and an integral part of the modern culture of gambling. Some people deliberately look for hot bonus offers and manage to earn money on it while some casinos make even more money on offering bonuses with exigeant terms. In fact, a bonus both a great tool for the increasing chances of winning and an obstacle depending on a number of variables. In this article, we’ll review various types of casino bonuses for you to understand how to use them properly.
A Casino Bonus: What is It?
Essentially, any bonus is a gift from a casino to a player. For example, a casino can give money, free gaming time, free gaming rounds (spins), or offer some non-cash perks, such as comp points in the framework of various loyalty programs. Usually bonuses are granted to new users in order to raise their motivation to create an account and start playing in the casino. Today, very few casinos don’t offer any bonuses at all. You probably won’t find any even if you look for some.
Of course, it would be naïve to assume that casinos simply grant money to all new users without any strings attached. Just imagine: if they did so, crowds of people would create accounts, get bonuses and withdraw them to their bank accounts. As a result, casinos would go bankrupt in a short time. That is why you can’t cashout your bonus right after you’ve received it. To get the money on hand you need to fulfill certain requirements. Usually these are wagering requirements. For that reason, irrespective of the type of casinos and types of bonuses, you always need to read terms and conditions in order to understand whether the offer is really worthy or not.
Types of Casino Bonuses
As it had been mentioned, bonuses can be of different types. In particular, specialists usually distinguish bonuses for new and old players, bonuses for making a deposit and no deposit ones, cash and free play bonuses. All of them have their pros and cons.
Welcome (Match, First Deposit) Bonuses
This is, probably, the best-known type of casino bonuses. Welcome bonuses are given to those who open a real-money account in a casino and make the first deposit. There are two subcategories of this bonus:
A “match” bonus is 100% of the amount deposited. For example, you deposit $50 and get another $50 on your bonus account.
A “percentage” bonus is usually from 25 to 250% of the amount deposited. For example, you deposit $80 and get $40 if the bonus is 50%.
Sometimes, these two categories are not distinguished, and the bonus is treated simply as a welcome bonus. For all types of welcome bonuses, an upper limit is usually set. For example, if you see an advertisement saying “welcome bonus 100% up to $250”, it means that the casino will give you 100% of the amount deposited but no more than $250.
A Free Game Bonus
Some casinos instead of cash bonuses reward players with free gaming time. Usually, it is from half an hour to an hour. This method is frequently applied when a casino needs to promote a particular game. You play this game for a while, using a casino’s credit, get acquainted with the game’s features, and if you like it, you can continue playing it for real money after the bonus period has expired. The maximum winning amount in free games is usually limited, plus there are certain wagering requirements.
A Free Spins Bonus
Usually, a bonus of this type is also used to promote some new products, though in some cases, it can be used to play any games. A player is rewarded with a certain number of free of charge spins (commonly, from 5 to 100) but there is no time limit. The winning can be used for a further playing or cashed out if the wagering requirements are fulfilled.
No Deposit Bonuses
These bonuses are absolutely free and they are granted for the registration. Few casinos offer this option, and even if they do, the bonus size rarely exceeds $10. The goal of giving such a bonus is to let a player get acquainted with the casino, look around a little. However, there are known cases when people won serious prizes without spending a penny, but these cases are exceptionally rare.
Wagering Requirements: What are They?
To minimize their losses on issuing bonuses to players, banks always set wagering requirements that are specified in the Terms and Conditions section. A wagering requirement is written in the form of a multiplier, for example, 30x, 50x, etc. Fundamentally, this figure shows how many times you need to “play through” the bonus to get an opportunity of cashing it out. Let’s take a simple example: you get a welcome bonus $100 with a wagering requirement 35x. To fulfill the requirement you have to make stakes totaling 35*100 = $3500. If you manage to complete the requirement within a certain time period, you will be allowed to withdraw all the winnings.
Why is It Necessary to Read T&C?
Advertisement never contains complete information about bonus offers. Instead, it usually reflects only positive aspects, such as the bonus size. To know the details – wagering requirements, betting limits, time of expiration, and so on – read Terms and Conditions. Keep in mind that if the requirements are not fulfilled, you won’t be able to cash out your bonus and winnings.
How to Choose a Casino for Getting a Bonus on the Most Favorable Terms
Usually, the most generous bonuses are offered by reputable casinos with a history, or by newly opened ones in promotion purposes. To choose the best casino one needs to take into consideration multiple variables: the casino’s honesty and transparency, the level of security it provides and the game it offers. If you are not sure of how to make the proper choice in a borderless ocean of available offers, check our list of trusted casinos with bonuses. The trustworthiness of these platforms has been repeatedly proved by thousands of players, and the bonuses offered have reasonable playthrough requirements and can really help to multiply the winnings.