Online Casino Bonuses
Online casino bonuses come in many different shapes & sizes and the main ones generally include deposit bonuses & no deposit bonuses. To take full advantage of an online casino bonus, players generally have to complete wagering requirements within a certain amount of time. These are also known as playthrough requirements.
Pros and Cons of Online Casino Bonuses
One of the main advantages of online casino bonuses is that you can get money for nothing with the added potential of winning huge prizes. You couldn’t walk into a land based casino and expect to receive some kind of bonus offer, but almost every online casino today runs plenty of lucrative promotional offers throughout the year for both new & existing players.
The only real downside to online casino bonuses is that you generally have to complete wagering requirements before any bonus winnings can be withdrawn. These wagering requirements can be quite annoying and some casinos refer to this particular policy as the playthrough requirement. The other downside to online casino bonuses is that wagering requirements can sometimes take forever to fulfil.
If you fail to complete your wagering requirements within X amount of time, any bonus cash that you won will simply be forfeited and you’ll end up with your initial deposit amount. We always recommend taking any bonuses that you are offered because you never know, you might win big, but the great thing about online casino bonuses is that you can choose whether to accept them or not. Players are NOT forced into accepting them.
Wagering Requirements and How they Work
The wagering requirements (aka playthrough requirements) are something that you cannot avoid when accepting an online casino bonus. You would be extremely lucky to find an online casino bonus that DOESN’T have any wagering requirements attached to it. The amount that you generally need to wager before any bonus winnings become cashable can be from as little as 20X times the bonus amount, up to usually no more than 50x times the bonus amount.
The lower the wagering requirements, the better it is for you. Let’s take a quick look at an example of how these wagering requirements work. If you accept a 100% matching deposit bonus worth up to $/€/£500 and you deposit the full $/€/$500, first of all the casino will double your deposit so you will end up with a massive $/€/£1,000 to play with ($/€/£500 deposit + $/€/£500 bonus cash).
If this bonus came with a 25x times wagering requirements + the bonus amount, It means you would need to wager a total of $/€/£12,500 + $/€/£500 (so a total of $/€/£13,000) before you could cash out. You can complete these wagering requirements by placing large bets on the slots and you can keep an eye on how much you have left to wager either by contacting the support or by looking in the ‘My Account’ section.
No Deposit Bonuses
A No Deposit Bonus at an online casino is exactly what you might think it is – a bonus awarded without the playing having to make a deposit. These awesome online casino bonuses are generally given to frequent real cash players who spend money in the casino. Some online casinos even offer No Deposit Bonuses to new players and this free cash can range from as little as $/€/£1.00 up to $/€/£20.00. However, highrollers may receive much larger No Deposit Bonuses.
No Deposit Bonuses also usually come with wagering requirements attached to them. You must complete these wagering requirements with a certain amount of time before you can cash out. Before you can withdraw any of your bonus winnings, you will probably need to make a minimum deposit into your account. Always remember to read through the bonus T’s & C’s prior to accepting any offers.
You can generally use your No Deposit Bonus cash on any of the games in the casino, but some games may count more towards completing your wagering requirements than other games. In other words, stick to playing on games such as the slot machines and scratchcards if you want to complete your wagering requirements in the quickest time possible.
The deposit bonus is the most common type of casino bonus available online today. The way in which this bonus works is fairly straightforward and you can generally take advantage of these bonuses almost every day of the week. When you make a deposit, the casino will match your deposit by a certain percentage. The most common percentage match is the 100% matching deposit bonus, which is where the casino will match your deposit ‘pound for pound’.
In other words, if you deposit $/€/£50, the casino will give you a $/€/£50 bonus on top of your deposit, giving you a total of $/€/£100 to play with. These casino bonuses range in size and value a great deal, for example some casinos could be offering a 25% matching deposit bonus worth up to $/€/£100, whereas others could be offering a 125% deposit match worth up to $/€/£200.
All of the casinos that we have reviewed right here on this site have variety of deposit bonuses available for both new & existing players, but before you accept one of these bonus, just make sure that you take a few minutes to read through the terms & conditions to see what is required of you as a player and to find out how long you have to complete the wagering requirements.