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One reason why online gambling became so popular is the free money casinos are giving away to attract new players. Those bonus funds can really boost your bankroll and help you to try out different games and slots. But you need to be careful! Those bonuses all work differently and you need to know exactly what you are signing up. Receiving a casino bonus will massively influence the way how withdrawing winnings work. Check out this guide to learn more!
There is a tough competition in the online gambling world, therefore, online casinos need to find new ways to attract and retain players.
If you walk into a land-based casino, no one would welcome you with a few hundred dollar bills as soon as you are entering the door. Why are online casinos able to give away free money to new players?
Well, one of the reasons why online casinos can offer such lucrative bonuses is that they track your activities on the platform. They know exactly what kind of games you are playing and how often. And they will utilize this data and add so-called wagering requirements (or playthrough requirements) to your bonus. That means you will only be able to cash out winnings from your own money. And you need to play with the free money a certain amount of times until you are able to convert the bonus into withdrawable cash.
For you as a player finding the best bonus can be a bit tricky as there are so many different bonus offers. Sometimes, it can be confusing to understand what they are all about. However, all kinds of casinos can be broken down into two different categories: bonuses where you need to deposit your own money in order to claim them and literally free money, where casinos just give away free spins or bonus cash. Deposit bonuses are more common though. I am going to introduce you to some of the most popular bonus offers:
One of the most popular bonuses is the welcome bonus. This bonus is designed for new players who have never played with a casino before. Usually, this type of bonus will match the original deposit and will add a certain percentage as bonus funds to your account.
Many times the casino will match your deposit by 100%. But the percentage can vary, I have seen everything from 50% to 1000%, most casinos will grant something between 100% – 200% though.
This bonus can be paid in one transaction or can be split between a couple of deposits. And for each of those deposits, they will add a certain amount of bonus based on different percentages. Most of those casinos will also have a cap, so you really need to read carefully and do the maths to understand what kind of bonus is the best one for you.
I don’t have to mention that all players are looking for this type of bonus, right? Getting free money and trying out new games is attractive for everyone. And there are actually casinos which offer a casino bonus with no deposit needed!
You can just sign up and register and the bonus funds will be added to your account once your profile has been activated.
There is a catch though. There will always be so-called wagering or play-through requirements for No Deposit Bonuses. So you need to play with the bonus a certain amount of time until you are able to cash out any winnings.
Unless, we are talking about free spins.
Free spins are another very popular type bonus granted by online casinos. Sometimes these free spins are offered for a specific slot and you can only use them on this slot.