You’ve probably 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 at all really comes free, so before you start claiming this free money and after that getting upset that you’ve been conned, I suggest you keep reading and see how this particular all works.
First of all, you may request; why do online casinos also offer this “free” money?
It’s part of their marketing and differentiation technique. In a nutshell, online casinos are generally “skins” of a specific software provider, so actually behind the different owner, images, licensing etc under the bonnet discover not much difference between let’s say all Playtech powered casinos, or all Microgaming powered ones.
So , if they are mostly the same below the hood, there needs to be some sort of difference which will convince you to play at “X” online casino and not “Y”. Besides the images, licensing, support and reputation, work out pitch to potential players is usually by giving them something, in this case, an added bonus.
Having put that out of the way, the next question you might ask yourself is: OK, so Casino X is offering $5, 500 free, maybe I’ll sign up, take my $5, 000, play 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 create a deposit, unless it’s specifically mentioned that you don’t, but we’ll get to that later.
Before we sink to the beef of the different types of bonuses offered by online casinos, here are a few extra terms 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.
one Wagering requirements: Most bonuses have got wagering or playthrough requirements, which means that you need to play a certain amount before you can take away winning from your account. On average gambling requirements are usually between 15 to 40 times, however pay attention to what you are required to wager. In some cases it will be just the bonus times X and in others you will need to wager the bonus + your deposit amount X moments. The latter by the way is more common.
Another tidbit you should pay attention to with regards to gambling requirements is, that at most on the web casinos, if you request a drawback before you have completed the betting requirements, all your winnings to date is going to be void. Not really fair, but this really is reality.
2 . Games played: Be sure you read the T&Cs in this case. Because slots games are generally the most profitable video games for online casinos, many bonuses tend to be valid only for slots games. Usually scratch cards and keno will comply with this rule.
Consist of cases, you will be allowed to play your bonus on all games; however not all games will count totally towards the playthrough requirements. For example play on slots will count totally 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 withdraw your winnings.
3. Minimum down payment requirement: In most cases, in order to claim a bonus you will be required to make a minimum deposit, which again can vary. It’s generally a small amount which you will probably deposit anyway. It’s usually not over 50 dollars.
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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% of what you deposited by the casino. So , if, for example , casino Z is offering a 100% match bonus, down payment $100 and the casino will give you an extra $100 in bonus money. This means that actually start playing at the gambling establishment 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 promotion (more common at US friendly online casinos) and/or as part of the pleasant bonus
2 . A welcome bonus is generally offered by most, if not most, online casinos to new gamers who sign up and make their own first deposit at the casino. The particular welcome bonus is the sum of all the possible match bonuses you can build up as a new player at the gambling establishment over a specific period of time, or within 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 deposit bonus, second deposit bonus, regular monthly 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 at the casino.