Introduction
Do you want to get the brightest gambling experience? In this case, make the most of the online casino you have chosen. Bonuses are without a doubt the strongest aspect of any online casino that you should take advantage of to get a bigger bankroll and more chances of winning.
It is important to know how to take advantage of the various bonuses offered by the casino. In this post, we will tell you what online casino bonuses are, the different types of bonuses you will come across and how to get them. We’ll also give you some tips on how to use these bonuses to play smarter. Finally, we will touch on some conditions that you need to be aware of when using bonuses.
What are Online Casino Bonuses
The online casino bonus itself is a promotion. Each bonus is offered by the casino to attract new players or reward existing players. The most common type of bonus is the so-called Matching Deposit Bonus. It requires you to make a deposit in order to receive a certain amount of bonus funds. Also popular types of bonuses include no deposit bonuses, free spins bonuses and cashback bonuses.
Main Types of Bonuses
Matching Deposit Bonus
As we said above Matching Deposit Bonus is the most common type of bonus. It requires you to make a deposit in order to give you a certain amount of bonus funds. Let’s take an example. The online casino offers a 200% deposit bonus up to $300. You deposit €300 and you will receive €600 in bonus funds.
No Deposit Bonus
A no deposit bonus does not require you to make a deposit to receive it. These bonuses are usually smaller than matching deposit bonuses but can still provide you with extra funds to play with.
Free Spins Bonus
This online casino bonus, you guessed it, gives you a certain amount of free spins on slots. Free Spins can be awarded as part of a welcome package or as separate promotions. For example, Pin Up Casino offers free spins as part of the “Free Spins on Wednesdays” promotion and you can get them by answering quiz questions.
Cashback Bonus
The Cashback Bonus returns to regular players a percentage of their losses over a set period of time. For example, Mr Bet Casino gives away 5% of the money you spent in the last week, if the total spent is more than €500.
At online casinos, most bonuses will require you to create an account and make a deposit before they can be activated. As soon as the requirements are met, the bonus will be automatically added to your account and immediately available for use. No deposit bonuses are unusual. You can get them without making a deposit and they may require you to enter a certain promo code before they are credited to your account.
Online Casino Bonuses – Terms and Conditions
Wagering Requirements
(Almost) every online casino bonus comes with wagering requirements. You will have to wager the bonus a certain number of times before you can withdraw your winnings. The industry standard is usually between 20x and 40x, but this value can vary from site to site. Let’s take an example. You get a €100 bonus with 20x wagering requirements. You will now need to wager a total of €2,000 before you can withdraw your winnings.
We very often say that you need to carefully read the terms and conditions of each bonus before claiming it. The fact is that some bonus offers may have higher or lower wagering requirements than others.
Also, you should keep in mind that not all games contribute equally to these requirements. For example, slots usually contribute 100%, while table games such as blackjack or roulette often only contribute 10-20%. So check the contribution rates before playing so that you know how much your bets will count towards meeting the wagering requirements.
Maximum Cashout
Now let’s talk about the maximum cashout limit. What is it? This is the maximum amount you can withdraw from your bonus winnings. This amount does not depend on how much you actually won.
Let’s take an example. The online casino offers a €100 bonus with a 5x maximum withdrawal limit. This means that you can only withdraw up to 500 euros from your bonus winnings. Anything that you manage to win more than this amount will be lost.
Some bonuses do not have maximum cashout limits at all. This gives players the opportunity to really cash in on big prizes when they are lucky enough to claim them. BUT! These types of bonuses are usually smaller and have higher wagering requirements. Therefore, read the information attached to such bonuses carefully.
Eligible Games
Not all casino games can use received bonuses! High volatility games such as progressive and live dealer games, as well as low edge games such as baccarat and craps are often excluded.
The point is that it would be too easy for players to simply bet on these types of games and meet the wagering requirements with almost no risk of their own money.
Bonus Abuse
The last term we need to mention in this post is “bonus abuse” or “bonus hunting”. Players do this when they use loopholes to meet wagering requirements and then request a withdrawal. For example, it could be small bets until the playthrough requirement is met, and then placing large bets to increase the chances of winning big. Casino websites ALWAYS watch for this type of behavior, so resist the temptation to do this kind of thing. If you are caught your account will be permanently banned and all unpaid winnings will be confiscated.
Conclusion
That’s all you need to know about online casino bonuses and how to use them wisely. Before accepting ANY bonus, be sure to read its terms and conditions! Also, always remember responsible gambling. Do not try to abuse bonuses. Sooner or later the casino will notice this and it will be very bad.
A little bit of luck and a smart strategy will help you boost your bankroll with bonuses and improve your chances of winning big at the casino. As always, we wish you good luck. Use bonuses wisely, play responsibly and win big!
