The truth about online casino bonuses

online casino bonuses

Online casino bonuses are a great way to attract new players, but they can be lucrative for players, too. If you understand the rules and have realistic expectations, bonuses can make your online gambling experience more enjoyable. Have a look at Bonus Finder.

If you’re new to online casinos, here’s the truth about bonuses.

Bonuses have wagering requirements

One of the biggest caveats of online casino bonuses is that they have wagering requirements. These requirements are in place to prevent you from taking advantage of bonuses and cashing out without playing.

If you’re wondering whether you should use a casino bonus, take a moment to look at the wagering requirements. You can find these requirements on the terms of service page, or they may be listed right there on the bonus description.

Reasonable betting requirements are 35x or less. If the requirements are 45x or more, you may not be able to meet them or it just may not be worth it.

Some players use their bonuses on video poker or blackjack. Because these games have a low house edge, it’s usually easy to meet the wagering requirements.

You cannot withdraw a no deposit bonus

No deposit bonuses are highly sought out by players because they allow you to start playing without any risk. Some casinos offer free spins no deposit needed and others just offer cash bonuses.

A no deposit bonus is different from other types of bonuses. You cannot withdraw the bonus itself – only the winnings you get from it. Many new players are under the impression that these bonuses work like any other, but that is simply not the case. Make sure that you check the terms of these types of bonuses before you start playing.

Some bonuses only apply to certain games

Many players assume that online casino bonuses apply to any game, but that’s not always the case. Some bonuses are only applicable to certain games.

While most online casinos make this requirement obvious, not all of them do. Always read the fine print and terms and conditions so that you understand how the bonus works before you claim it.

If a bonus only applies to a game that you never play or don’t enjoy playing, it’s not worth wasting your time claiming it.

Bonuses usually have expiration dates

Bonuses are, essentially, special offers or promotions. In other words, they don’t last forever. If you see a bonus that you want to claim, make sure that you understand how much time you have to:

  • Claim it
  • Meet the wagering requirements

If you claim a bonus, make sure that you use it before the expiration date. Most casinos give players a fair amount of time to clear bonuses, but some will only give you a week.

Check the terms and conditions to find out how much time you have to meet the wagering requirements after claiming the bonus.

Not meeting wagering requirements can cause you to forfeit some winnings

What happens if you don’t meet the wagering requirements for a bonus? One of three things can happen.

  • You can cancel the bonus, which means that you’ll have to forfeit any winnings you earned from the bonus and the bonus itself.
  • The bonus will expire.
  • You lose your deposit and the bonus funds.

If you have any questions about meeting wagering requirements, reach out to the casino to learn more about their policies.

There are Many Types of Bonuses

Online casinos can offer a variety of bonuses to players. Some of the most popular include:

Deposit

As you may have guessed, deposit bonuses are given when you make a deposit at the casino. Typically, casinos will give a percentage of your deposit amount (100%, 200%, etc.).

There are limits to how much you can receive on your bonus. For example, the casino may offer 200% of your deposit up to €400.

No Deposit

With a no deposit bonus, you can claim a bonus without having to add any funds to your account. If you’re a new player, you can simply sign up for an account, claim the bonus, and start playing right away – without any risk to you.

Once you meet the wagering requirements, you can cash out on your winnings.

Reload Bonus

A reload bonus is similar to a deposit bonus, but it’s geared towards returning players. These are recurring bonuses available to players who already have an account with a casino.

Some casinos are more generous with their reload bonuses than others. For example, some operators may offer 50% of your deposit up to a certain amount.

High Roller

For high-stakes players, there are high roller bonuses. Unfortunately, these types of bonuses aren’t available to most players because you have to spend more money than average to claim them.

High roller bonuses usually come in the form of deposit or match bonuses. Typically, they have high limits. For example, a regular deposit bonus may have a limit of €400, but a high roller bonus may have a limit of €1000 or more.

There are minimum withdrawal requirements

After meeting the bonus wagering requirements, you may only have a small amount of winnings. Still, it’s your winnings and you may want to cash out. However, the casino will likely have a minimum withdrawal requirement that you’ll have to meet first.

So, you may be forced to continue playing and trying to win just to meet the minimum if you want to cash out on your bonus.

You may need to enter a promo code

To claim bonuses, some casinos force you to take an extra step by entering a promo code. Unfortunately, Promo codes can be a little confusing to new players because they may not know where to enter the code.

Usually, promos can be entered on your account menu page through the “redeem” option.

Casino bonuses can make playing more fun and exciting, but you may have to jump through hoops to claim or clear them. Make sure that you understand the full terms and conditions of each bonus before claiming it, so you know exactly what you’re getting into.

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