How Do Casino Bonuses Work?
The world of online gambling has been growing very fast, and the number of online casinos is vast. But, like in the physical casinos, online casinos have their own rules and terms. Especially when it comes to bonuses. So, how does casino bonuses work and what do we need to know to make the most money of the bonus?
Typically, these rules and terms are easy to understand. But sometimes, we feel like we have to make individual studies before starting gambling. Because we do not want to lose our money by not follow the rules of the casino.
But, everything is not boring rules and terms that can put your money at risk. Most of the online casinos offer a wide variety of bonuses that give you a lot of benefits. Still, you have to know how it works and how to use it to the fullest.
Another of the complications of the bonuses is the terminology. Almost every online casino has its way to refer to the different bonuses, and this can make it difficult to understand how they work. Nevertheless, it is not impossible to understand, for this reason, we bring you here a clarification with the most common bonus terms of online gambling.
Wagering Requirements
We want to talk about the wagering requirements that also are known as playthrough or roll-over. The wagering requirement represents how many times you have to roll over the money before you can withdraw the bonus money. Usually, the bonus that online casinos give to the players has specific rules, requirements, and conditions.
These conditions can range from a minimum limit of withdrawing, specific slots and games to wagering requirements.
Example of Bonus Wagering
For example, if we sign up and deposit C$100 to a casino that offers 100% deposit bonus we get C$200 in total to play for. Let’s say the wagering requirements are 35 times the bonus money. We then have to wager C$3500 (100×35) before we can use our bonus as real cash. But beware, sometimes the requirements are deposit+bonus. It that case, we have to wager C$7000 (100+100×35) before we can collect that sweet bonus. This is one of the most important part of how online casino bonuses work.
How To Know What The Wagering Requirements Are?
For the good of the players that enjoy online gambling, a set of laws were created to make the wagering requirements visible to all the public who wants to know how it works. For this reason, you can be capable of finding the terms and conditions of the bonus.
The most important is to read all the terms and conditions very carefully.
Usually, most people jump to the bottom and accept without reading and understanding it. This can bring you problems, it is not only you will not be able to enjoy the bonus, but the biggest challenge you could have is also losing your money.
Be attentive!
Like the contracts in real life, you must be attentive to the smallest letter. This kind of term usually has the most crucial part of the terms or the part that the online casino owners do not interest you to read. For this reason, they put it in small letters or worse.
Usually, they put a link or offer you to send the conditions to your email. For comfort, and honestly a little bit of idleness, the players do not use to check out those terms and just accept, and this is a big mistake. This is a strategy of the online casino owners to hide some information that they do not want you to know. Still, as the law forces them to have visible these laws, they use this kind of tricks to you do accept without reading the complete information.
But all online casinos are not so shady. The casinos we have listed you often can find the rules about the bonus in clear text on their sites if you just look carefully. Are you not sure about the rules, reach out to the customer service and ask about it to be 100%.
Types of bonuses
Once you know the terms and conditions of the bonus, it is essential to know what type of bonus it is. There are many different types of bonuses. We are going to walk you through four of the most common bonuses in online casinos.
🤑 No Deposit Bonus
This is just what it means. A no deposit bonus is real bonus money almost often with high wagering requirements before you can use them as your own cash. You don’t need to deposit anything, the money shows up on your account after signing up and then it is just to gamble away! Often these bonuses aren’t huge, a couple of dollars the at the most.
💰 Welcome Bonus
The welcome bonus is one of the most famous online casino bonuses, which is offered when you register or sign up for the first time through an online casino. This bonus expects you to deposit a specific sum, and then you get about 50% to 200% extra money to gamble for.
🆓 Free Spins
Often free spins are given together with the welcome bonus. It is most common that the winnings from the free spins also come with wagering requirements. The difference from the no deposit free spins is that you have to make a deposit to get these spins.
🔄 Reload Bonus
Are you an appreciated player? Do the online casino like you? This is often a bad sign that you are not a winning player. The good part is that you usually are going to be offered reload bonuses. It works just like the welcome bonus, but reload bonuses are offered after the first deposit.
Can You Beat The Wagering Requirements?
Okey. We got the deposited money and the bonus on our account. How do we beat the wagering requirements? Often, the casinos place a maximum bet while completing the wagering. You find the rule about this in the terms. Be sure to stick to the terms. Otherwise, you can lose all your money.
The best strategy we have found out is to make big bets to hunt for that big win. And if we hit it, we grind it out with smaller bets and on a high RTP slot. Just be sure that the slot you are choosing is contributing to the wagering.
Also, bear in mind that different games can have various contributions to the wagering requirements.
Conclusion
I am hoping you now know more about how casino bonuses work and are now feeling comfortable to try out some of our listed casinos.
- Always read the bonus terms and conditions carefully
- Go for big bets with bonus money
- If you win big, grind it out!
Good luck! Now go and grab some bonuses!