You’ve probably seen that most online casinos advertisements usually include a bonus or free money to help you start playing there. As with most things in this world, nothing really comes free, so before you start claiming this free money and then becoming angry because you’ve been scammed I recommend that you read on and find out how it all works.
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First of all, you might ask yourself why do online casinos even provide this “free” money?
It’s an element of their strategy of differentiation and marketing. Casinos online are “skins” of certain software vendors. This means there is no difference in the graphics and licensing and so on. in between, for example, all Playtech-powered casinos or all Microgaming-powered ones.
If they’re generally the same under the hood, there has to be some sort of differentiating factor that can convince you to play at “X” online casino and not “Y”. A bonus is a means to attract potential players. This can include graphics as well as licensing, support and reputation.
After that, you may ask: Ok, Casino X offers $5,000 free. Maybe I’ll sign-up to take my cash and test them out in Casino Y.
The solution is simple as well. In order to claim bonuses in an online casino you will usually need to make a deposit or deposit, unless it’s stated that you don’t however, we’ll discuss the subject later.
Before we sink into the depths of different kinds of bonuses that are available at online casinos, here are some additional details and terms you need to be aware of so that you can clarify them with a support representative before claiming a bonus, just so you are aware of the situation and what you’re claiming.
1. Requirements for wagering: Most bonus offers have playthrough or wagering conditions, which means you have to wager at least a certain amount before you are able to withdraw the winnings funds from your account. On average wagering requirements are typically between 15 and 40 times, however , pay attention to what you have to bet. In some cases it will be just the bonus times X and in others you will need to wager the bonus + your deposit amount at X times. This is by far the most frequent.
A third thing to be aware of about wagering requirements is that most casinos online will not permit you to withdraw your winnings if you do not meet the requirements for wagering. This isn’t right, but it is an actual fact.
2. Games played: Make sure you review the terms and conditions in this case. A lot of bonus offers are only available for slots games and this is the reason they’re the most lucrative online casino games. This rule is usually followed by scratch cards and Keno.
Some cases allow you to play your bonus on any game, however not all games count 100% towards the playthrough requirements. For example , slots will count 100% but roulette only counts 30%, meaning you’ll need to wager over three times the amount to satisfy the wagering requirement and withdraw your winnings.
3. Minimum deposit requirements In the majority of cases, to claim a bonus you will be required to make a minimum payment that, again, can differ. It is likely that you will make a deposit, however it’s usually a smaller amount. It is usually under $50.
We’re all now in the same boat, and we can all speak the same language. Let’s review the major types of gambling offered by casinos online.
1. A match bonus is the most popular kind of bonus. For every dollar you deposit, you’ll be credited X% of what you deposit by the casino. Casino Z may offer an 100 percent match bonus. You can deposit $100 and receive $100 more. This means that you will be able to start playing with $200. Match bonuses are almost always restricted to a specific maximum amount of bonus you can claim. Match bonuses can be a standalone bonus as part of a promotion (more popular in US casino sites that are friendly to US players) and/or as part of a welcome bonus
2. Welcome bonuses are generally provided by the majority, if not all casinos online to customers who register and make their first deposit at the casino. The welcome bonus is the sum of all potential match bonuses you may accumulate as a new casino player within a specified period of time, or during your first deposit, or even an amalgamation of the two; so if the casino offers a $3000 welcome bonus that’s the highest amount you’ll get from the 1st deposit bonus, second deposit bonus, monthly bonus, etc. when you deposit the maximum amount for every match bonus you’ll achieve the welcome bonus that is advertised. You will not be able to claim the advertised welcome bonus in the event that you deposit less the minimum amount required for each step. In reality the welcome bonus offered is the MAXIMIUM amount you can claim in bonus funds for the first time playing in the casino.
3. The No Deposit Bonus is very easy to grasp. It’s a reward you get from an online casino which allows you to play real money games without making an investment. This bonus is perfect for online casinos as it lets new players try the casino without making an investment. It is a great tool for certain countries to resolve the issue of trust that players at online casinos face. Online casino players are used to making deposits at their preferred online casino, and they will not be scared to try other. Other players don’t want to deposit money without trying out the software and games. A no deposit bonus can definitely assist in this regard. Some online casinos give no deposit bonuses as part of their regular offerings, and some stay away from such bonuses as they assert that they tend to attract the wrong type of players, i.e. players who do not have the intention of playing for real money in the first place and that it just puts stress on support staff with no actual outcome. I believe that there is a truth somewhere in between and the fact that players claim no deposit bonuses for different reasons.
No deposit bonuses are generally offered for a relatively small sum, usually $10-$15 and they are offered to prospective clients directly through the casino or via websites associated with them. If you’ve had luck, you will need to satisfy wagering requirements prior to when you can cash out your winnings.
4. You cannot withdraw the bonus amount from your account if it is the bonus that is play only or sticky. You are able to request withdrawal if you are lucky enough to be the lucky winner. Let’s imagine you got the $50 bonus, which is a sticky bonus. This will boost your balance up to $500. Now you want to withdraw your winnings and celebrate with friends. The casino online will allow you to withdraw $550 from your players account. Any amount less than $50 that is the stickiest bonus amount, will be void. Bonuses for play only are generally higher than match bonuses and the wagering requirements lower.
5. Bonus on payment method: This is something that was originally commonplace at Playtech powered casinos , and has been extended to other casinos in the past. It is possible to deposit funds in an online casino with your credit or debit card. There are a variety of online options that permit the transfer of funds immediately without hassle. These alternative payment options, typically referred to as “alternative payment methods”, offer services for those with no credit score. They allow you to transfer money to your bank account in a discrete manner. You can even buy pre-paid cards at an ATM using one of these payment options. Just for using these methods of payment, you can receive an extra 10-15% bonus for each transaction you make, in addition to any other bonus you can claim. When you sign up to an online casino, make sure you go to the cashier section. This is a great advantage.
6. The majority of casinos online have an Loyalty/VIP Club scheme where you can redeem bonus points in exchange for points you accumulated while playing. You can convert points points when you play more.
It is always important to check the specific T&Cs at the online casino you’re currently playing at or are planning to play at since usually, you won’t be able to withdraw your bonus or the bonus money could be docked off your winnings.
Okay, I’m sure that you’re considering what you can do to benefit from all this good, so here’s the reverse of the deck. Casinos on the internet are extremely vulnerable to the abuse of bonuses which is also known as bonus whoring by players. Online casinos can lock your account when you believe that your player is abusing bonus whoring. Gaming is an entertainment. It’s supposed to be thrilling and enjoyable. It’s not a job for the day and you don’t earn money playing at the casino. Bonuses add to the fun and excitement and, at the end of the day, they are just a marketing tool. Enjoy them, play playing with them, and increase your excitement but don’t expect log out richer.
Ron M. Faulkner is the leader of the group of online casino professionals that are behind CasinoPromoGuide. The organization aims to keep up-to-date information on bonuses and running promotions to players who play online all over the world. The name of the game is to help players stretch their budgets for online gambling just that tiny bit more in this time of a recession.