Types Of Online Casino Bonuses
If you’ve ever considered playing at an online casino, you should be aware that the vast majority of them offer cash bonuses as an incentive to play. While there are some generous offers out there today, being made, it’s very important that you understand how casino bonuses work and understand the terms and conditions of the offer.
The No Deposit Bonus
Some online casinos offer players free cash with no deposit required. These can be a great way to get started playing and to get a feel for the games at an online casino, but be aware of the complete terms of a no deposit bonus. In some cases the casino will require you to register a credit card to claim the free cash. This doesn’t necessarily mean they are trying to steal funds from your card. There are reputable casinos who do this as a security measure to avoid bonus abuse and players claiming multiple accounts. It also gives the casinos a better chance of weeding out the bonus hunters from more serious players. At the same time, be aware of rogue casinos and do your homework before you sign up and play at any casino. Some casinos require you to make a small deposit in order to cash out your winnings from a no deposit offer. Some online casinos also require players to make a small deposit before cashing out winnings from a no deposit offer, again due to bonus abuse of other players. Wagering requirements and game restrictions often apply to this type of bonus.
The Cashable Matching Deposit Bonus
Many internet casinos offer a percentage match bonus when players make a deposit. These are pretty self-explanatory – for a 200% bonus, for example, you would deposit $100 and the casino will add another $200 to your account. These bonuses typically range anywhere from 10-250% or more. This type of bonus almost always requires the player to wager through the deposit and bonus a certain number of times and usually only certain games count towards the wagering requirements.
The Sticky Bonus
A sticky bonus is just that – it can never be cashed out. This may sound like a bad deal at first, but actually can be a great deal for a player. You can use the “money” from the bonus account to wager as much as you like. Even though the bonus itself stays put in your casino account, you will have more money available in your account to wager longer with that much more of a chance to hit a big jackpot or build up some good winnings at a table game like blackjack. We have seen some online casinos offer sticky bonuses that have been quite generous, in some cases over $300 and more.
Wagering requirements can be rather high at many online casinos nowadays. Some casinos require you wager as much 20 times your deposit and bonus amount or more before cashing out. There was a time that you only had to wager through your deposit and bonus once before cashing out at an online casino! Due to the high costs of this type of promotion and bonus abuse, wagering requirements have been raised considerably at virtually all online casinos.
Note that in some cases sticky bonuses carry no wagering requirements – this can be a great deal if you come across this type of promotion.
In many cases only certain games count towards the wagering requirements of the bonus offer. It’s common to see Slots play count towards the wagering requirements. Games like Blackjack and Roulette are often excluded from the wagering requirements.
Always, ALWAYS read bonus terms and conditions.
You’ve downloaded the software, you’ve signed up and created your account and logged in. you’ve made your deposit and you’re ready to play. But do you really know what you’re getting into? As you can see there are many different kinds of bonuses and you need to know the wagering requirements, games restrictions and other terms and conditions when you play. Some online casinos will simply tell you that you need to but in some cases your winnings can be forfeited if you do not follow the promotional terms to the letter. So unless you’re only there for a good time and don’t care about your winnings, knowing the terms and conditions of a bonus offer is essential. If you are comfortable with a particular casino and it’s promotional bonus offer, you might as well claim the free cash. If you’re going to play anyway, you might as well accept the free.