Online casinos are famous for their bonuses and promotions. These offers are one of the key advantages that online casinos hold over their land-based equivalents.
But there are a lot of different types of online casino bonuses. Anyone who is quite new to gambling online might be confused about how they work in practice.
As an example, no deposit bonuses are becoming increasingly popular and online casinos might offer them alongside a more standard offer such as a deposit match bonus.
Bodies such as the UK’s Gambling Commission are working with the industry to keep online gambling as safe as possible for consumers.
And as using online casinos continues to grow in popularity among the public, knowing as much information as possible about the types of bonuses is going to become more important.
What types of online casino bonus are there?
There are three main types of online casino bonus that are typically offered by gambling websites. Let’s go through them one by one.
1Deposit match bonus
The first of them is the deposit match bonus. New players signing up for an account with an online casino will be able to get a boost to their balance in the form of bonus funds.
Typically, a deposit match bonus will be at around the 100 per cent mark. However, there are some online casinos that offer an even bigger boost to those who sign up for new accounts.
Deposit match bonuses are a great way to boost your bankroll when you are starting out.
Free spins are also offered by online casino sites on a regular basis. These can be a good offer to use as they offer the chance to test out slot machines without having to risk any real money.
With so many different online slots available – many casinos have hundreds to pick from – using free spins is a good way to find a new favourite game to play.
3No deposit bonuses
Lastly, online casinos increasingly offer no deposit bonuses. This means players get free cash or free spins to use without even having to deposit any of their own cash up front.
You must learn more about no deposit bonuses if you intend to take full advantage of them and skirt the issues that are inherent with them. For example, they often have high wagering requirements – these are one of the major downsides of online casino bonuses.
Downsides to online casino bonuses
While there are plenty of advantages to using promotions such as no deposit bonuses, there are some downsides too. Wagering requirements are certainly the most obvious of these negatives.
In the terms and conditions of any casino site, it will say what players need to do to turn bonus money into real cash they can withdraw from their account.
A wagering requirement might be set at around the 50x mark, which means it has to be played through 50 times before it can be unlocked as cash.
How wagering requirements work
Not all games available to play at online casinos will help people reach the wagering requirement. It is vital to keep this in mind when selecting a new site to play at.
While slots usually contribute 100 per cent of the money that is staked on a spin of the reels, this is not usually the case for classic casino table games such as roulette and blackjack.
Always check the terms and conditions of the promotion before signing up to make sure you are fully aware of the wagering requirements and how they work on your chosen site.
What else to consider about online casino bonuses
When deciding if online casino bonuses are suited for you, wagering requirements are not the only thing you need to be keeping in mind. Some promotions and offers such as free spins are only able to be used on certain slot games, which restricts your choice. They might not be appealing if you have little interest in playing on that particular online slot.
Another key thing to look for in the terms and conditions is the maximum win from the bonus money. Often, this is set at a surprisingly low amount. You might not think it is worth the effort to play through the wagering requirements in the hope of earning quite a small payout.
There may also be an early withdrawal clause that has the impact of nullifying any of your remaining bonus and even your winnings if you attempt to take cash out from your balance.
Online casino bonuses can therefore be a bit of a minefield, so it is important to have your wits about you. At the end of the day, if a promotion from an online casino feels as though it is too good to be true, then it probably is!
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Author: DLM Editor
Life tips and life hacks for happiness and prosperity.