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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 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 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 use this data and add so-called wagering requirements (or play-through 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 can convert the bonus into withdraw-able 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 to claim them and, basically, 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 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 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 can cash out any winnings.
Unless we are talking about free spins.
Free spins are another very popular type of bonus granted by online casinos. Sometimes these free spins are offered for a specific slot and you can only use them to play one specific game.
But more often they come without any strings attached! You can use them in any game you like and cash out the winnings from those free spins.
There is one big advantage with these types of casino bonuses, you don’t need to deposit your own money to claim them!
A cashback bonus is a type of casino bonus where you get back a certain percentage of your losses. cashback bonuses are usually offered to regular players as a way to reward them for their loyalty. The amount you get back can vary from casino to casino, but it is usually between 5% and 20%.
In order to claim a cashback bonus, you need to contact the customer support and they will activate the bonus for you. Once the bonus has been activated, you will start receiving cash back on your losses. The cashback bonus will be paid out in real money, so you can withdraw it or use it to play other games.
It really depends on what you are looking for. If you want to try out a new casino, then a welcome bonus is a good option. But if you are looking for free money, then a no deposit bonus is the best choice. And if you want to be rewarded for your loyalty, then a cashback bonus is the way to go. Ultimately, it all comes down to what you want and what the casino has to offer.
As I already told you, wagering requirements are basically there to make sure that players can’t just withdraw the money they got from the casino without playing any games. Online casinos want to offer attractive bonuses but at the same time protect themselves from going bankrupt.
The wagering requirements tell you how many times you need to play with the bonus money before you can withdraw any winnings. So, for example, if a casino offers a 100% match on your deposit and has a 35x wagering requirement it means that you need to play with your deposit and bonus money 35 times before you can cash out.
This might sound like a lot but if you play online slots, which is a game with a relatively low house edge, it can actually be quite easy to fulfill the wagering requirements. Just remember that different games will count differently towards the wagering requirements.
For example, playing online slots usually counts 100% towards meeting the wagering requirements while playing table games like blackjack or roulette might only count 10-20%. And some games might not count at all. So, again, make sure to read the bonus terms and conditions carefully before claiming any bonuses!
The best way to find an online casino with a good bonus is to just read our reviews. We have reviews of all the best and most popular online casinos out there and we always update them with the latest information on bonuses and promotions.
So if you are looking for an online casino with a good bonus, just head over to our reviews and find the one that is right for you!
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