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 start claiming this free money and then getting upset that you’ve been conned, I suggest you keep reading and see how this all works.
First of all, you may request; why do online casinos even offer this “free” money?
Is actually part of their marketing and differentiation strategy. In a nutshell, online casinos are generally “skins” of a specific software provider, so actually behind the different owner, graphics, licensing etc under the bonnet there is not much difference between let’s say all of Playtech powered casinos, or all Microgaming powered ones.
So , if they happen to be mostly the same below the cover, there needs to be some sort of difference which will convince you to play at “X” online casino and not “Y”. Besides the graphics, licensing, support and reputation, work out pitch to potential players is definitely 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, therefore Casino X is offering $5, 000 free, maybe I’ll sign up, consider my $5, 000, play all of them out and go on to Casino Y.
The answer here is pretty simple too. In order to claim bonuses at in a online casino, you will usually need to create a deposit, unless it’s specifically stated that you don’t, but we’ll get to that will later.
Before we sink to the beef of the different types of bonuses offered at online casinos, here are a few extra terms and points you should be aware of, so you can clarify them with a support representative just before claiming a bonus, just so you understand where you stand and what you’re claiming.
1 ) Wagering requirements: Most bonuses have wagering or playthrough requirements, meaning that you need to play a certain amount before you can take away winning from your account. On average betting requirements are usually between 15 to 40 times, however pay attention to whatever 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 times. The latter by the way is more common.
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One more tidbit you should pay attention to with regards to wagering requirements is, that at most on the internet casinos, if you request a withdrawal before you have completed the gambling requirements, all your winnings to date will be void. Not really fair, but this is reality.
2 . Games played: Make sure you read the T&Cs in this case. Because slot machines games are generally the most profitable video games for online casinos, many bonus deals 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; however not all games will count 100% towards the playthrough requirements. For example have fun with on slots will count fully but roulette will only count 30%, meaning that you will actually need to bet over three times more in order to clear 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 down payment anyway. It’s usually not over fifty dollars.
Now that we’re all on the same page plus speaking the same language, it’s period we went through the main types of bonus deals available at most online casinos.
1 . A Match bonus is the most typical type of bonus. For every $ a person deposit, you will be credited X% associated with what you deposited by the casino. Therefore , 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. Which means that actually start playing at the online casino with $200. Match bonuses are almost always limited to a certain maximum bonus amount you can claim. A match reward can be a standalone bonus as part of a campaign (more common at US pleasant online casinos) and/or as part of the pleasant bonus
2 . A welcome bonus is generally offered by most, if not almost all, online casinos to new gamers who sign up and make their particular first deposit at the casino. The particular welcome bonus is the sum of all of 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 mixture of the two; so if a casino promotes a $3000 welcome bonus, is in reality the maximum you can get with the 1st deposit bonus, second deposit bonus, monthly bonus etc, where if you down payment the maximum amount of each match bonus, you can reach the advertised welcome bonus. If you deposit less than needed for the most bonus in each stage, you won’t reach the amount advertised in the welcome bonus. So , in fact , the encouraged bonus advertised is the MAXIMIUM quantity you can claim in bonus cash during your first period of playing on the casino.