Online casinos continue to thrive because they offer much more than actual casinos. One of the areas online gambling establishments outsmarts their land-based counterparts is the promotional offers. Today, the internet is swarmed with hundreds of quality gaming sites, each competing for more customers. The casinos that thrive in the industry offer world-class gaming platforms as well as attractive promotional offers.
Land-based casinos have a good number of perks they offer their clients, which includes, free drinks, free parking, gambling credits and discounted meal vouchers. Even with all these freebies, actual casinos are still unable to compete with online casinos in terms of the promotional offer. Therefore, many players continue to opt for virtual casino games instead.
Prevalent online casino bonuses are welcome bonuses, free spins, match deposit bonuses, no-deposit bonuses, cashback bonuses, reload bonuses and high roller bonuses. Regardless of the bonus type you claim, it is important to read the terms and conditions as well as wagering requirements, to enable you to benefit from the bonus.
Before you opt for any attractive online bonus that comes your way, your first point departure should be choosing a reputable casino. It is safer to gamble at licensed and well-regulated gaming sites to ensure that you will receive the bonuses promised to you. A trusted gaming site will leave no details out in the terms of the bonus. This will prevent you from forfeiting any benefits due to misinformation.
The Terms and Benefits of Online Casino Bonuses
Although online casinos are designed to draw you towards the casinos offering them and encourage you to place more bets, you can take advantage and ultimately benefit from them. As long as you know the type of bonus you are claiming, the validity period of the offer, and playthrough quota, you can make a profit from these offers.
Most times, casino bonuses come with wagering requirements, and a player is required to wager a particular amount so that they can be allowed to withdraw their winnings. Because of these, you have to dedicate time and money to wager for the number of times required before you attempt to withdraw your winnings. On most online casinos, you can forfeit your winnings when you click the withdrawal option before complete your wagering requirement.
Averagely, the wagering requirement placed on a deposit bonus is 30x or some cases 40x before you are allowed to cash out. For example, a 200% deposit bonus up to $200 can be offered with a 30x wagering requirement. This means when you deposit $200, you would receive a match deposit of $200, and together with your initial deposit, you have $400.
To meet your playthrough quota in this case, you have to wager 30 x $200 = $6000 to win withdraw your winnings. Looking closely at some bonuses, they are not worth the time and money spent. You should also note that not all games contribute equally to the wagering requirement. You will be able to meet your wagering requirement faster when you play slot machines than other casino games such as blackjack, baccarat and poker games.
Bonuses also come with a validity period. Some casinos will retrieve the bonus money or free spins offered when the validity expires. So you run a risk of losing your deposit and bonus money if you fail to meet up with your wagering requirement before the bonus expires.
Types of Online Casino Bonuses
Casino bonuses vary. While some can be cashed, others cannot be converted to real cash. The cashable casino bonuses will require more deposit while the non-cashable bonuses won’t take as much wager from you. Before you claim any bonus you are offered, be sure to know the type. Below are the popular types of bonus you will find on online casinos.
- No deposit online casino bonuses: this offer requires no initial deposit and it is mostly offered as free spins. It is not cashable until you meet all the wagering requirements. The basic requirement for claiming a no deposit offer is signing up with the casino.
- Reload bonus offers: A reload bonus is a deposit bonus that requires you to reload your user account before you can claim it. A reload bonus is usually offered in bonus money.
- Highroller/VIP bonuses: Only players who wager in large sums are offered this type of bonus. The perks are very attractive.
Ultimately, bonuses can be of good use to you when trying to increase your playtime and bankroll. However, you must be careful about the type of bonus you claim. If you are an avid slot player, who enjoys the thrill of spinning the wheels, a Spin Palace NZ or match deposit bonus will go a long way in adding to your gaming time.