3 Tips that you need to know about Casino bonusesFriday, Nov 16, 2018 14:40
When someone offers us a freebie, we’re inclined to accept without thinking twice. And why not, especially when the freebie in question is a casino bonus and someone else pays for us to have fun and potentially earn money at the same time.
There’s absolutely nothing wrong about saying yes to such proposals, as long as you’re dealing with a reputable partner with a trustworthy license - such as those issued by the UKGC or the MGA, and you’re aware there are strings attached; otherwise what’s supposed to be an enjoyable exercise could turn out to be a frustrating experience. To keep gaming fun, we’re sharing a few facts you need to know about casino bonuses. If you find these tips to be helpful, feel free to read more about online bonuses on www.ukcasino.org.uk.
Types of Online Casino Bonuses
Before we get to important promotion-related terms, let’s quickly review basic bonus types.
No-deposit Bonus becomes available as soon as the player registers as a new member. It’s designed to enable risk-free testing of a new casino for real rather than use free-play mode which is fun can’t generate profits. A no-deposit bonus is usually offered as a fixed monetary amount or a number of free spins with a specified value.
Deposit Bonus is a match of your initial deposit(s) expressed as a percentage and almost always comes with a maximum amount one can claim. Some gaming sites will provide Bonus cash as a stand-alone offer and others will throw in a batch of free spins on top.
Cashback Bonus won’t deliver any money upfront but can compensate for potential losses. It’s normally linked to a certain time period, either days, a week or a month. Cashback bonus is also expressed as a percentage and comes with a cap.
Comp Points are usually awarded for making real money bets and sometimes also (or alternatively) for making deposits. Once a specified minimum quantity has been accumulated, players are offered a points exchange for real or bonus cash, and/or other rewards.
Tips for Using Casino Bonuses
Before you accept a bonus proposal, make sure to check these 3 things:
Bonus deals may be restricted in several ways. It’s not uncommon to see welcome offers withdrawn if the player makes their first deposit via Skrill or Neteller, and occasionally bonus is only available to players of certain countries or unavailable to selected few. If welcome package happens to be your main motivator for opening an account, check if it comes with restrictions which could make you ineligible before opting in.
2. Wagering Requirements
Online casinos will not allow you to withdraw any of your winnings (and bonus, if cashable) before you meet the attached play-through requirements. Make sure you understand whether the multiplier applies to deposit only or both bonus and deposit amounts. If you fund your casino account with €100 and claim 100% match with 30x wagering applied to the bonus, you’ll need to wager €3,000 (30x€100) prior to cashing out. The same offer with 20x requirement applied to bonus and deposit will necessitate wagering €4,000 (20x€200).
3. Game Contribution
Wagering requirements look decent enough so you decide to take the deal. Great, but are you aware not all bets will count the same? Varying contributions which depend on the type of game is very common in the online gaming world. Wagers made on slots usually count 100% (with specified exceptions), but other games contribute significantly less and some don’t count at all. Fans of table games may be surprised to see their favourite ones contribute only 10% or less, meaning that the initial 30% requirement suddenly turns into 300%. Those who wish to play nothing but live dealer games may find that none of their wagers will count.
Some players hop from one online casino to another just to collect freebies while others never touch them, but either way, related terms must be read so that one can make an informed decision. If what’s available on the website isn’t clear enough, we’d recommend that you look for an alternative venue, as non-transparent terms might indicate information has been withheld because it’s not in your favour. If you’re still convinced that particular casino meets all your needs, contact their customer service department and ask them to clarify. Now that you know what to watch out for, check out the list of the best welcome bonuses and other special deals not to be missed.