What do you think about the chance to get some free money? It may sound too good to be true, but it is a reality. Online casinos offer bonuses for new players and for their loyal players as well. There are several types of Casino bonuses available to players. In the bonus guide will look at the most common bonuses offered by the casinos.
What is a Casino Bonus
In the world of online casinos, a bonus is a cash offer that encourages gamers to open an account and deposit money, the more money you deposit the larger the amount of the bonus. There are several types of bonuses available, and the way they are applied depends on the terms and conditions of the online casinos. Bonuses are the main way that casinos choose to compete in a space that is flooded with options. Since for the most part they all offer the same games from the same software providers, they need something to give them an edge when faced with the competition. Although a casino bonus may seem like free money, it is really an investment to engage players and keep them on the website.
Why do the Casinos Provide Bonuses
Casino bonuses are used to help draw in new players, while at the same time trying to retain their existing players. With Casino bonuses, they are able to retain players for much longer and build on loyalty. Furthermore, these bonuses also help them get new players each month. Bonuses typically give players additional money once they make a deposit, or even free spins so that they are able to play longer. Basically, they allow the players to get more than they have paid for.
In order to be able to withdraw your bonus or any winnings from your bonus, you must pay attention to the wagering requirements. These are typically displayed as the letter x after a number on the casinos website. The x stands for the number of times that you need to make a bet on the amount that you have deposited or on the casino bonus. Once you have reached that number of times, then it is possible to withdraw your bonus as cash. For example, if you take a $100-dollar deposit with a 40x wagering requirement you need to risk $4000 to meet the requirements.
Types of Casino Bonuses
There are many different types of casino bonuses that online casinos offer players. Here is a list of the most popular types of bonuses offered by the online casinos.
A free spin is exactly what it sounds like, the casino allows you to play a specific slots game and get to keep any winnings. The casinos usually give out Free spins to players during the registration process. Furthermore, they continue to be given as rewards in special promotions during the week. With some progressive jackpots, free spins can lead to amazing and life changing wins.
High rollers love a challenge, and will typically take part in tournaments to show their skills. Those who are on the top of the leader board receive bonuses with their wins. In addition, those who play in every tournament are also able to benefit from prizes.
You will be delighted to learn that from time to time the casinos give away free money to bulk up your balance which allows you to play more games. Free money is just that, its money given to you by the casino that you can use to play your choice of games. Sometimes the casino gives free money to its loyal players.
When you register an account and make your first deposit most casinos give a very generous welcome bonus. If the match bonus is 100%, the casino will match your dollar for dollar on each deposit. To get this bonus, you should keep an eye out for casino bonus codes.
No Deposit Bonus
A favored bonus that some casinos offer just for signing up for an account without having to deposit any money. With this casino, one can get online cash without having to make a deposit. It enables players to try out games as well as software at no cost, as well as to win money.
Refer a Friend
Most casinos will give you a bonus for every friend you refer to the casino. The casino will add the money to your account when your friends make their first deposit. For every friend that registers, a player may receive a cash bonus, or free spins.
With these bonuses, the more you play, the more you win. This also counts for the amount of money that you deposit into your account. Each game you play allows you to earn points, and exclusive rewards. There are also different levels to loyalty programs, and it is possible to climb up these levels the more that you play.
How to choose the best Bonus
Many players believe that the largest bonuses are the best ones. This is not the case, as there are several conditions that you need to consider, including play through rates or wagering requirements. Play through rates or wagering requirements are the same thing, and this is how they work. A welcome bonus may offer you 100% match bonus of $100, with a 20x wagering requirement.
This means that when you deposit $100, your account balance will be $200. However, to withdraw any amount you need to place bets worth $2000 on eligible online casino games. The higher the wagering requirements, the more bets you will have to place, so essentially you want the largest bonus with the lowest wagering requirement. Slots players find that they benefit the most from wagering requirements as slots games contributes 100% while other games can be only 10% and some do not contribute at all.