Understanding Online Casino Bonuses
If there's one thing that confuses more new online casino players than anything else, it's the bonuses. You might think that they are simple – after all, don't you just deposit your money, and the bonus money is placed straight into your account? Well, yes, but there are various terms and conditions to understand, and these can affect how good a bonus actually is.
Online Casino Bonuses
To start off with, let us look at the types of bonuses available and why you should take advantage of them when building your bankroll. This list was created by griresearchboard.org and allow you to know much more:
- Welcome bonuses - bonuses awarded for first time users at an online casino, welcome bonuses are often the biggest rewards and can be claimed just by signing up in most cases
- Deposit bonuses - includes bonuses you get by using site-preferred banking methods or simply bonuses for making deposits over a certain amount eg. extra credit for deposits over £5,000
- Reload bonuses - bonuses that reward players for depositing real cash into their accounts, these often come in the form of bonus credit or free spins
- Loyalty bonuses - bonuses that accrue over time, loyalty bonuses are geared at rewarding players for continued play and often get better the longer you play
These are just some of the popular types of bonuses offered by online casinos. Although these bonuses may look pretty straight-forward there are a few additional things to consider when choosing an online casino based on their bonuses.
Things to take into account when looking at online casino bonuses include:
- How much are the bonuses really worth - some bonuses advertise that they're worth thousands, but you could have to deposit thousands in order to get it. Others offer smaller amounts, but only require you to make a small deposit. You must always read the fine print in order to work out which bonus offers you the most, but within a budget you can afford
- How are bonuses credited to your account - is the credit automatic, or do you need to complete the transaction (eg. enter a code which has been sent to you) to claim your bonuses. Sites that require too many additional steps when claiming bonuses should be avoided
- How wagering requirements affect your bonus - most bonuses require the player to place a predetermined value of bets in order to claim them. This is called a wagering requirement. If the rollover requirement is 35x, and you've received a £100 bonus, you'll have to make £3,500 worth of bets in order to withdraw any of your winnings
- Timed bonuses – some bonuses are timed exclusives, so if you are basing your decision on a certain bonus always check its expiration date
If you want to find out more about bonuses, why not check out our comprehensive bonus guide?