Guide to online casino bonuses
If you have been studying online casinos for a while, you surely can’t miss the fact that all of them offer certain bonuses and promotions. Normally, as soon as you enter the website, you immediately encounter the casino’s top bonus offerings. It is without doubt that online casinos have a clear advantage over land based casinos when it comes to bonuses; but online casinos also have a high level of competition within the online industry when it comes to offering bonuses.
Online Casinos try to stand out of the crowd therefore they try and get aggressive and creative when offering bonuses. As web casinos develop, they invent new types of bonuses and promotions to try and lure new players.
In this article, Vegas-Hunt introduces the most common types of bonuses and promotional schemes that top online casinos offer.
Welcome Match Bonus
This bonus is generally offered as a 100% match bonus meaning the casino will match the currency amount the player initially deposited. If a player deposits $300, it starts your cash balance with the casino and the casino adds $300 to your bonus account. It is important to understand the different between cash account and the bonus account. The amount in the bonus account is not cashable and is only transferred into the cash account only after the wagering requirement is met. Wagering requirement is a condition where the player has to turnover the total bonus amount a certain number of times, to convert the bonus amount into cash amount.
Free Spins
Depending on the player you are, you may just love this bonus and find it more preferable to lumps of bonuses being handed over to you. Sometimes the deposit bonus amounts the casinos give away are no match to a single spin on a pokie. Free spins are bonuses many casinos offer on certain slot games. For instance, EddyVegas currently has a free spins promotion on its slot game Rook’s Revenge where players, upon registration get 10 free spins on that particular game. The amount of credits and player wins in these free spins are transferred to their bonus account which can be later transferred to the cashable account after fulfilling the turnover requirements.
No deposit bonus
It’s too good to be true but it is; casinos give you bonuses without you giving them anything. You still need to register and give your banking details but as the name goes, you do not need to deposit. This bonus is not to be confused with the sign-in bonus; it does not require your cash account being funded. With these bonuses, you will be able to win or lose money as if playing from your own account. The terms and conditions in converting these no-deposit bonuses to your cash balance held with the casino are similar to other bonuses where you have to turnover the bonus amount certain number of times.
Reload Bonuses
Many online casinos offer these bonuses when you reimburse your cash account and add the bonuses to the bonus account where similar terms and conditions to the welcome bonus apply where you have certain wagering requirements. It might be the case that the re-load bonuses might not be given on a 100% match like the sign up bonus. For instance, you may deposit $50 to start with and receive another $50 and if the casino offers 50% match on your second and thirst deposit, you will only receive 50% of your second and third deposit amount.
What are Wagering Requirements?
Online Casinos offer bonuses to players to keep them engaged at their casino and almost all of them are accompanied by specific restrictions. The most common among these restrictions are ‘wagering requirements’. Basically, wagering requirement is the minimum amount you have to wager before you can cash out the bonus. Without a wagering requirement, players could sign up, get the bonus and then immediately withdraw and casinos aren’t made to do that are they!
Also known as playthrough requirements, these stipulations are normally states as a multiple of the bonus. So money wise, if a player deposits $50, receives a 100% match of another $50 in his bonus account and the wagering or turnover requirement is 30X, the player must first wager $50X30 = $1500 before making the bonus “withdrawable”. DON’T PANIC, it sounds crazy at first and not logically possible but it has been proven possible time to time, again and again by numerous players. It’s a simple and smart process, you place a wager, win and place a wager again and win and continue the process until you have successfully poured a total of $1500 into some casino games.
Now why do we say some? Because not all casino games count towards the wagering requirements. Sometimes a casino will allow all games to be played with the bonus, but will make games with a lower house edge (such as blackjack) count less towards the wagering requirements. So if pokies count 100% towards wagering requirements, you need to have an accumulated bet of $1500, but if you plan to place bets in Blackjack which counts only 10%, then you have to wager $1500 X 10 = $15000. The terms and conditions clearly state all the stipulations to fulfill a wagering requirement.