No doubt you’ve seen that most online casinos advertisements usually offer some sort of bonus or even FREE money to get you to start playing there.
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Like most things in the world, nothing at all really comes free, so before you start claiming this free money after which getting upset that you’ve been scammed, I suggest you keep reading and see how this particular all works.
First of all, you may ask; why do online casinos even offer this “free” money?
It can part of their marketing and differentiation strategy. In a nutshell, online casinos are generally “skins” of a specific software provider, so actually behind the different owner, graphics, licensing etc under the bonnet there is not much difference between let’s say all Playtech powered casinos, or most Microgaming powered ones.
So , if they happen to be mostly the same below the cover, there needs to be some sort of difference which will convince you to play at “X” online casino and not “Y”. Besides the graphics, licensing, support and reputation, work out pitch to potential players will be by giving them something, in this case, a bonus.
Having put that out of the way, required you might ask yourself is: OK, so Casino X is offering $5, 000 free, maybe I’ll sign up, take my $5, 000, play them out and go on to On line casino Y.
The answer here is pretty simple too. In order to claim bonuses at at an online casino, you will usually need to make a deposit, unless it’s specifically stated that you don’t, but we’ll get to that later.
Before we sink to the beef of the different types of bonuses offered by online casinos, here are a few extra conditions and points you should be aware of, so that you can clarify them with a support representative prior to claiming a bonus, just so you understand where you stand and what you’re claiming.
1 . Wagering requirements: Most bonuses have wagering or playthrough requirements, which means that you need to play a certain amount before you can pull away winning from your account. On average betting requirements are usually between 15 to 40 times, however pay attention to everything you are required to wager. In some cases it will be just the bonus times X and in others you will need to wager the bonus + your deposit amount X moments. The latter by the way is more common.
Another tidbit you should pay attention to with regards to gambling requirements is, that at most on-line casinos, if you request a withdrawal before you have completed the wagering requirements, all your winnings to date is going to be void. Not really fair, but this really is reality.
2 . Games played: Make sure you read the T&Cs in this case. Because slot machine games games are generally the most profitable video games for online casinos, many bonuses tend to be valid only for slots games. Usually scratch cards and keno will comply with this rule.
In other cases, you will be allowed to play your own bonus on all games; however not all games will count fully towards the playthrough requirements. For example have fun with on slots will count totally but roulette will only count 30%, meaning that you will actually need to bet over three times more in order to clear the wagering requirements and take away your winnings.
3. Minimum deposit requirement: In most cases, in order to claim a bonus you will be required to make a minimum deposit, which again can vary. It’s generally a small amount which you will probably deposit anyway. It’s usually not over $50.
Now that we’re all on the same page and speaking the same language, it’s period we went through the main types of bonus deals available at most online casinos.
1 ) A Match bonus is the most common type of bonus. For every $ you deposit, you will be credited X% associated with what you deposited by the casino. So , if, for example , casino Z is offering a 100% match bonus, deposit $100 and the casino will give you an extra $100 in bonus money. This means that actually start playing at the internet casino with $200. Match bonuses happen to be limited to a certain maximum bonus quantity you can claim. A match bonus can be a standalone bonus as part of a campaign (more common at US pleasant online casinos) and/or as part of the welcome bonus
2 . A welcome reward is generally offered by most, if not almost all, online casinos to new gamers who sign up and make their own first deposit at the casino. The welcome bonus is the sum of all the possible match bonuses you can gather as a new player at the casino over a specific period of time, or within your first X deposits, or a mixture of the two; so if a casino advertises a $3000 welcome bonus, is in fact the maximum you can get with the 1st down payment bonus, second deposit bonus, regular bonus etc, where if you deposit the maximum amount of each match bonus, you are able to reach the advertised welcome reward. If you deposit less than needed for the maximum bonus in each stage, you won’t reach the amount advertised in the encouraged bonus. So , in fact , the delightful bonus advertised is the MAXIMIUM quantity you can claim in bonus cash during your first period of playing on the casino.