If you are about to click “Claim” on an offer that has caught your eye, hold up. Details are what you need, along with additional information about what’s what, when it comes to online casino bonuses.
The whole purpose of an online casino bonus is to draw you in. Trust us, that’s not a bad thing. This is because they give you what is effectively free funds to play with, notice how we are not saying that it’s free money, that’s a common misconception. While they might take a whole host of different forms, the end outcome is that your play time or account balance is boosted by using one.
Now, making use of an online casino bonus can vary slightly. The player-favorite welcome bonus is a prime example. Some casinos require you to input a code on the first deposit such as “WELCOME” or “NEWPLAYER”, the code unlocks the bonus offer and then as long as you can meet the deposit requirements, you’ll have access to the deal. Others get straight to the point, by issuing a bonus once the deposit requirement is met, no code or fuss needed. Some sites even bypass the need for a deposit entirely, instead issuing no deposit bonuses that you’ll get immediately following registration.
With a bonus in hand, it’ll be time to use it, which can present its own ups and downs. Firstly, you can absolutely use it to win real money and real money on a huge scale, but you are going to have to jump a few hurdles before that can happen, namely the terms and conditions. These are basically a tool used by a casino to stop bonus abuse, which means you won’t have total freedom when it comes to use.
The reality is that a promo code or bonus code offer can take many different forms (some bonuses don’t even require a code), but the process of claiming and using one is generally the same. Sign-up to an online casino that you like, input the required bonus code upon registration or deposit, claim the offer, and then just start using it.
Who is Eligible to Receive the Free Money Offers at Online Casinos?
Well, everyone within reason is eligible to receive an online casino bonus. You just need to make sure you meet the online casino’s general terms and conditions and bonus terms and conditions.
Not every casino is the same obviously, neither are the bonuses offered. But, to claim you will likely need to be of legal gambling age, be in a country that legally allows online gambling, be able to prove your identity (usually through KYC and social security number checks), register at the casino, and make a qualifying deposit within the allotted time frame. Meet these requirements and the bonus will likely be on its way to you sooner rather than later.
Putting it simply, you don’t need to be a rocket scientist to be eligible for an online casino bonus, just meet the usually basic requirements and you’re good to go.
Online Casino No Deposit Bonuses – How do They Work?
This is probably the most popular form of online casino bonus around, as online casino no deposit bonuses generally offer something for nothing. Or, at least that’s the idea anyway. These types of deals are used as hooks to reel in players and, well, they tend to do just that. These bonuses are generally easy enough to use when offered, you just sign-up to an online casino and the bonus will be credited. The same can usually be applied to this type of bonus when offered to already established members, you’ll need to sign-in, click a certain link, or just opt-in to get the deal. No deposit bonuses are as free as they claim to be, but all isn’t quite as it seems sometimes.
No deposit bonuses often have a few more rules attached to them than general casino bonuses, but as they don’t require a deposit to get, it’s easy to look past this. What we’re talking about here are wagering requirements, as you can expect them to be higher than a deposit bonus. Additionally, a casino may cap what you can win. The most important thing to consider is that you can’t withdraw the bonus amount issued. It’s for play use only – sorry guys, as we said earlier, while you can make money from a no deposit bonus, it certainly isn’t free cash.
Common Terms and Conditions Attached to Casino Bonuses
You’ve now learned a bit about the entire world surrounding online casino bonuses, so now it’s time to dive into the details. The casino field has its very own language, with this being especially true when it comes to bonuses and free spins. Helping you out, we’ve rustled up a quick terminology guide, so you aren’t left reeling when reading a casino bonus terms and conditions:
- Wagering Requirements: Starting with the biggest condition attached to any online casino bonus, the dreaded (or not so dreaded) wagering requirement. For many, this is something to fear, but it really shouldn’t be. All it refers to is the number of times you must play through the bonus in order to make it withdrawable. Usually, this figure will be listed as 1x, 2x, 5x, 10x, 20x, 30x, or potentially more.
- Game Eligibility: This one pretty self-explanatory, as most bonuses won’t give you total freedom of the casino. You’ll be limited to playing certain games, with such game contributions changing how it impacts your wagering requirement. For example, slots may contribute 100% towards your wagering requirement, but table games might only contribute 10%.
- Expiration Dates: There is nothing quite like being up against the clock, which is exactly where some casino bonuses will put you. Expiration dates are attached to all but a few casino bonuses, usually 14, 30, 60, or 90 DAYS after the bonus is issued, you need to make sure you use the offer before the time runs out.
- Bet Limitations: Bet limitations are a way that the casino can control its losses. Not particularly common when it comes to deposit-based bonuses, but are a big factor in the use of free spins. Any free spins issued will have a value attached to them, which limits how much you can bet with them. Some trickier casinos might even use bet limitations as a way to make you forfeit your bonus, so be careful not to go over any bet limitations listed.
- Cashout Limits: This is by far the harshest condition that can be attached to any online casino bonus, but thankfully it’s not particularly common these days. A cashout limit basically caps how much you can win from a casino bonus. For example, if you scooped a seven-figure win on a progressive jackpot slot using a casino bonus, but it had a $100 cashout limit attached, that’s all you’ll be able to claim and you can kiss the rest of the money goodbye.
How do Online Casino Match Bonuses Work?
Matched deposit casino bonuses are far and away the most common type of casino bonus around, find us an online casino that doesn’t offer one and you’ll be able to knock us down with a feather. Getting your head around these offers can be tough though, as it isn’t always a case of the bigger the better. The idea is that you make a deposit and the casino will match that amount in bonus funds. Say you deposit $100, under a 100% matched deposit bonus terms, you’ll be given an extra $100 in bonus funds. This is the simple explanation, but there is little more to these offers when you dig beneath the surface.
Wagering requirements might be something we’ve mentioned before, but it bears repeating that information all over again, as they play a huge role in how much (or little) you’ll be able to get out of any matched deposit casino bonus you claim. No matter the size of the figure, some can be 40x plus in the most extreme of circumstances, if you want to be able to withdraw the profit you make from a bonus you need to tackle the wagering requirements head-on. Beat the wagering requirements or you’ll be left holding that bonus until the expiration date, it’s that simple.
The size of the bonus isn’t always the major factor in the quality of a matched deposit bonus, it’s the wagering requirement that matters most. Let’s look at a rather brutal example, Casinonic Casino offers players a $200 matched deposit bonus as part of its welcome package, which is a lofty figure, but the 50x wagering requirement dilutes this somewhat. To clear this wagering requirement, you would have to make $10,000 worth of wagers.
Common Bonus Example
We get that bonus terms and conditions are tough to tackle at time, especially wagering requirements. For that reason, it’s time to jump right into another real-life example.
As we have said before, different casinos have different offers when it comes to casino bonuses, but this is a pretty standard offer that you’ll likely see.
Refunds on Losing Wagers – How Does it Work?
There is no such thing as free lunch, right? Wrong, as there is in the casino world. Refunds on losing bets, commonly known as cashback. The way cashback works is simple, wager a certain amount across a set amount of time (or sometimes it’s an open-ended offer) and should you lose you’ll receive a certain percentage of that back.
The common way of getting this type of offer is through an initial deposit. For example, deposit $100 and should you lose you’ll get 25% back as a cashback bonus. Casinos also like to run cashback time-windows, usually as a weekend promotion, where you can accumulate losses across many different bets, only to be rewarded with a cashback amount when the time window closes. BitStarz is a casino that likes to offer this type of promotion, as they commonly run Cashback Weekend deals that are popular among players.
When engaging in a cashback offer, it’s important to remember that this type of offer doesn’t exactly deal in cash – at least in most cases anyway. The deal here is that you’ll get the money back in bonus funds, so there will be terms and conditions attached. Expect a low-level wagering requirement to be in place at minimum.
Other Types of Casino Bonuses
Think that no deposit bonuses and matched deposit bonuses are all you can get your hands on? Think again! Online casinos around the world are thinking outside the box constantly, finding new ways to reward players that deposit regularly and draw in new players.
Reload bonuses are as common as they come, with such being issued to current members of an online casino near enough every week. Reload bonuses simply match the next deposit made by a player, expect a quick and easy 100% or 50% matched deposit bonus to land in your inbox routinely no matter the casino you play at.
Have a friend that’s looking for a new place to play? You can easily turn that into bonus dollars. All you have to do is refer them to the casino you’re playing at. From there, as a thank you the online casino will likely give you a bonus. Don’t expect a refer-a-friend bonus to be big in size – it’s not designed to blow you away – but it’ll still be a nice token gesture.
Slots are a huge part of the online casino experience, so it’s only right that they have a bonus of their own. Free spins are exactly what they claim to be, free spins on a slot or selection of slots. Free spins usually carry low-value spin amount on a game, while the winnings earned are subjected to wagering requirements before becoming withdrawable. If you love slots, you’re going to need some free spins in your locket next time you play.
Payment Method Bonuses
The rarest of the rare, you might find that some casinos even offer you a payment method bonus. This seldom seen type of casino bonus is all dependent on you using a particular payment method to deposit with, such as Skrill, PayPal, Neteller, cryptocurrency, or others. Make a deposit using the promoted provider or payment option and you’ll get a nice extra bonus for your trouble – usually in the form of a matched amount.
If you’re a high roller with a fair amount of cash to play with, an online casino may label you a VIP. VIPs are treated differently and for that reason will likely be given access to different types of casino bonuses all throughout the year. These bonuses tend to have much higher returns and much higher requirements to grab, such as depositing four or five figure amounts. For those that aren’t ready to commit that amount of money, there is a different type of VIP scheme that might be of interest.
It goes by many different names, but a casino’s VIP or Loyalty scheme is your ticket to getting plenty of bonuses year-round. All you have to do to gain access is, well, stick around and play. Make regular deposits, enter promotions, and generally play as you would and you’ll likely qualify. Some Loyalty Schemes even have extra incentives such as free casino merchandise and prize giveaways, so they are well worth enquiring about.
What Are You Waiting For? Start Claiming!
The world of casino bonuses is big – huge even! We get that it can be confusing and sometimes nearly impossible to know where to start, especially without a helping hand. That’s exactly why we’re here and we’ve thrown this quick guide together, as should give you the perfect leg up. From no deposit bonuses all the way through to VIP schemes, we’ve addressed it all.
Next time you’re left scratching your head at a casino bonus that’s fallen your way, refer to the above and you’ll find what’s been put in front of you a lot easier to understand.