If you’ve recently played at any online casino, you will have definitely noticed all the bonuses that are on offer. They come in many shapes and sizes at different online casinos and although it might seem very tempting to grab every one you can find, it is advised that you understand them before taking full advantage.

WHY DO ONLINE CASINOS OFFER BONUSES?

This is a important question asked by all new online gamblers. If you understand why casinos offer the welcome and membership bonuses, you will be able to make better decisions when choosing the correct one for you.

Online casinos want to create a attractive offer in a extremely competitive market. They want you to try them out, hoping that you will deposit a amount eventually.

DIFFERENT TYPES OF BONUSES

  • No Deposit Bonus

This is the easiest and most popular of all the bonuses. The only thing you need to do is to register a account with a online casino and they will credit your account with free money. Sometimes you will need to claim the bonus via email but the procedure is generally very simple. No deposit is required to receive this bonus but there might be limitations so make sure you read the terms and conditions and that you understand all the rules.

  • Match Bonus

This bonus will require you to make a deposit. The online casino will then match your deposit with a specified percentage of your initial deposit. For example: If the online casino offers a 100% match bonus up to $200 and you deposit $100, they will automatically credit your account with $100 in free money which will make your bankroll $200. This bonus is usually given to new players after they make their first deposit. Just make sure about the percentage as some online casinos offer better bonuses than others.

  • Free Money Bonus

As the name suggests, this is when online casinos offer you money for free. For example: The online casino will offer you $100 of free money if you deposit $20, which will make your bankroll $120. Just remember that it will make no difference if you deposit more then the required amount. Should you deposit $50, you will still get $100 free. You should do the calculations to ensure a better bonus. If you compare it to a match bonus of a different casino, this bonus may give you more value. For example: If you chose the 100% match bonus and made a deposit of $20, you would have received $20 free cash whilst the free money bonus offers $100 free cash for the same deposit amount.

  • Sticky Bonus

The online casino will give you a certain amount to play with but when you win any money, the initial bonus amount will be deducted from the total amount of winnings. Think of it as loan that the online casino offers you to play with but if you lose, you don’t need to pay the money back to them. If you win, they deduct the ‘loan’ amount from your total winnings. Online casinos are very generous with the amounts they hand out in a sticky bonus. It can be as much as $3000 which will give you the opportunity to play with maximum coins and bets and will give you a better chance of winning.

  • Exclusive Bonus

Online casinos sometimes make deals with website owners. The bonus will then be available through that website specifically and exclusively. Any of the above bonuses can be offered so make sure you read all the terms and conditions before playing.

  • Loyalty/VIP Bonus

Online Casinos offer them to their loyal clients that have reached a certain status at the relevant online casino. The bonuses will vary in amounts and types but they are pretty impressive. Once you reach the VIP program, online casinos spoil you with lavish gifts such as luxurious holidays, trips to major sports games or electronics.

WHAT TO KEEP IN MIND

It almost sounds to good to be true, right? Well, there are some restrictions that need to be understood to avoid disappointment.

  • Wagering Requirements

Most bonuses will have a wagering requirement, although some will be better than others. It is usually the ‘catch’ in any offer but you need to keep in mind that online casinos are offering you their money to gamble with so these requirements are actually entirely sensible. If you understand how it works, you can play through them when you make that big win.

Wagering requirements is shown in a multiplier (x10, x20, x30 etc). The lower the number, the better the bonus offer. Players are forced to play through their bonus amount, multiplied by the required amount, before they can withdraw any winnings.

For example: If the online casino offers you a $20 no deposit bonus with a wagering requirement of x10, you will need to play through $200 ($20 – bonus amount – x10 – wagering requirement) before you can withdraw any winnings.

But if there is a $1000 win in your bankroll, it will be worth your while. Some requirements can be more that 50, so make sure you know what it is before you except any bonus.