You might have perhaps seen that most online casinos ads usually offer some sort of bonus or FREE money to get you to start playing there. Like most things in the world, nothing really comes free, so before you begin claiming this free money after which getting upset that you’ve been ripped off, I suggest you keep reading and see how this all works.
First of all, you may inquire; why do online casinos even offer this “free” money?
It can part of their marketing and differentiation technique. In a nutshell, online casinos are generally “skins” of a specific software provider, therefore actually behind the different owner, images, licensing etc under the bonnet there’s not much difference between let’s say all Playtech powered casinos, or just about all Microgaming powered ones.
So , if they are mostly the same below the cover, there needs to be some sort of difference that will convince you to play at “X” online casino and not “Y”. Besides the graphics, licensing, support and reputation, another way to 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, 500 free, maybe I’ll sign up, take my $5, 000, play all of them out and go on to Internet casino Y.
The answer here is pretty simple as well. In order to claim bonuses at in a online casino, you will usually need to make a deposit, unless it’s specifically mentioned that you don’t, but we’ll get to that later.
Before we sink into the beef of the different types of bonuses offered at online casinos, here are a few extra conditions and points you should be aware of, so you can clarify them with a support representative before claiming a bonus, just so you understand where you stand and what you’re claiming.
1 . Wagering requirements: Most bonuses possess wagering or playthrough requirements, meaning that you need to play a certain amount before you can take away winning from your account. On average wagering 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 other people you will need to wager the bonus + your deposit amount X periods. The latter by the way is more common.
Another tidbit you should pay attention to with regards to gambling requirements is, that at most online casinos, if you request a drawback before you have completed the betting requirements, all your winnings to date will be void. Not really fair, but this is reality.
2 . Games played: Be sure you read the T&Cs in this case. Because slot machines games are generally the most profitable video games for online casinos, many bonuses tend to be valid only for slots video games. Usually scratch cards and keno will comply with this rule.
Consist of cases, you will be allowed to play your own bonus on all games; nevertheless not all games will count completely towards the playthrough requirements. For example have fun with on slots will count 100% but roulette will only count 30%, meaning that you will actually need to bet over three times more in order to clean the wagering requirements and take away your winnings.
3. Minimum down payment requirement: In most cases, in order to claim an added bonus you will be required to make a minimum deposit, which again can vary. It’s usually a small amount which you will probably deposit anyway. It’s usually not over $50.
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Now that we’re all on the same page plus speaking the same language, it’s time we went through the main types of bonus deals available at most online casinos.
one 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 online casino with $200. Match bonuses happen to be limited to a certain maximum bonus amount you can claim. A match bonus can be a standalone bonus as part of a campaign (more common at US friendly online casinos) and/or as part of the delightful bonus
2 . A welcome reward is generally offered by most, if not most, online casinos to new players who sign up and make their own first deposit at the casino. The welcome bonus is the sum of all of the possible match bonuses you can build up as a new player at the online casino over a specific period of time, or inside your first X deposits, or a mix of the two; so if a casino advertises a $3000 welcome bonus, is in reality the maximum you can get with the 1st down payment bonus, second deposit bonus, regular bonus etc, where if you down payment 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 will not reach the amount advertised in the welcome bonus. So , in fact , the encouraged bonus advertised is the MAXIMIUM quantity you can claim in bonus money during your first period of playing on the casino.