How Online Casino Bonuses and Promotions Work
Online casinos are currently using free casino bonuses as an important marketing tool to attract new players and retain the existing punters. Over the past few years, there have been many types of casino bonuses, most of which are attached to tricky requirements which make it difficult for players to cash out their winnings.
Nevertheless, with the stiff completion in the online gambling industry and the ever-increasing pressure from regulatory bodies, the situation is changing and today you can easily find a lucrative bonus offer with reasonable wagering requirements and conditions. Professional gamblers can use a reasonable casino bonus offer to their advantage.
Keep reading to know more about the best casino bonus offers available and how you can take advantage of these offers.
How The Bonus Offers Work?
Online casino bonuses come in different forms, mostly as a reward that is credited to a player’s account after the player takes some action when playing at the casino.
As a newbie to the world of online casino gambling, you might be surprised to find that an online casino offers you or other player’s free money to play real money casino games. It might seem unreal, but it happens.
Technically, online casino bonuses are an ideal way through which casinos persuade gamblers to make the first deposit, hoping to find a more exciting gaming experience, so much that they will choose to continue playing at the casino.
Wagering Requirement And Condition
A wagering requirement refers to the least turnover required, which applies to both the bonus and the deposit, or only the bonus money. Therefore, if you deposit $50 and get a $100 welcome bonus, having a wagering condition of 30x (bonus+deposit), this means you must turn over a minimum of $4500.
However, if you deposit $100 and receive a 100% deposit match bonus of up to $200, attached to 30x wagering requirements (bonus), you must turn over a minimum of $600 before you can be allowed to make a withdrawal. So, it is always important to make sure that you carefully check the wagering requirement and condition of the bonus you want to claim so you can know exactly how much you will be required to turnover before you can qualify to cash out your winnings.
It is always important for players to understand that the casino will never allow them to withdraw the winnings made when playing with the bonus until they fulfill all the set wagering requirements.
Wagering Requirements and Game Activity
When it comes to casino bonuses and wagering requirements, the weight of a game determines whether the game has any contribution towards meeting the wagering/playthrough requirements. Therefore, if you choose to play 50 rounds, placing bets of $1 on a casino game that has a 100% contribution rate to the wagering requirements, then $50 will be your total wager.
Nevertheless, if you play the same number of rounds in a casino game that has a 50% contribution towards the wagering requirements, then your total wager will be $25.
The good news is that most of the available slot games have a 100% contribution towards meeting the playthrough requirements.
You should also keep a note of the fact that most of these bonuses must be played within a specific duration, the bonus money that remains after this period has elapsed is voided or canceled. So, you should take it upon yourself to check the terms of the bonus to find out whether it is attached to any date limits.
The Popularity Of Online Casino Bonuses
There are different reasons why online casinos continue offering bonuses to their new and existing players. One of the major reasons is to allow their players to grow their bankroll and have some more money to play real money casino games with.
However, online casinos also offer these bonuses to attract as many players as possible to their site. With the stiff completion that exists in the gambling industry, almost every online casino offers lucrative bonuses to attract new players and beat off the completion.
Also, online casinos offer bonuses to VIP players and high rollers to keep them playing at the casino because they do not want to lose their business. In most cases, the most reputable and established online casino sites offer the most generous bonuses with lower wagering requirements as compared to other online casinos.
No Deposit Casino Bonuses
These casino bonuses are quite rare. Generally, a no deposit casino bonus allows players to play casino games for real money without having to deposit funds into their accounts. It is like being given free money to do something with the hope of making more money. Nevertheless, as mentioned earlier, it is always important to check the terms and conditions of the bonus because these bonuses are attracted to high wagering requirements.
Reload & Loyalty Bonuses
Online casinos offer loyalty bonuses to reward their most loyal players, especially those who have been playing at the casino for a long time. On the other hand, reload bonuses are awarded to players who choose to play at the casino by making subsequent deposits.
What To Know About The Bonuses?
Before you play at an online casino and even think of claiming the available bonuses, it is important to ensure the casino has a good reputation. Luckily, you can check our online casino reviews to find whether the casino you want to join is reputable. It is only by joining a reputable online casino that you will rest assured that the bonus offer you want to claim is worthwhile.
A few of the things that you must always check out when you find a bonus that you want to claim are the wagering requirements, game activity allowed withdrawal limits and the amount of time you have to play with the bonus.
Regardless of how generous a casino bonus might be, it will be useless to claim the biggest casino bonus only realize later that you will never meet the wagering requirements and thus you can never cash out your winnings.