Online Casino Bonuses
Online Casino Bonuses and What You Need To Know
Online casino bonuses are great for some players, but may not be for you! In this article we will take you through the process of redeeming an online casino bonus, to cashing the bonus out. Read along with us, and by the time you are done with this article, you will know if an online bonus is right for you. So, lets jump right in!
What the online casinos don’t tell you about using bonuses codes, until you read the TOS.
Welcome bonuses are the most common type of bonuses, they are used to attract new players and can often be very attractive. This type of bonus is most often a deposit match bonus, meaning if an online casino has a 400% welcome bonus, they will match whatever you deposit by 400%! Sounds great right? But the casino can’t simply just give you 400% of your bonus and let you turn right around and cash-out. Each bonus you redeem will come with what is known as a play-through requirement. A play-through requirement is the number of times a player must wager their deposit + bonus before being able to cash out. This is often the most important piece of information when selecting the bonus. For our example we will use 30x, as it is a common amount for an online casino play-through requirement. If an online casino has a play-through requirement of 30x, you must wager your initial deposit + bonus 30x before being able to cash-out! Note that I said wager, not win 30x. This means, you win some, you lose some, but every bet you place counts as a wager, so players can pass this requirement pretty quickly.
Question; Who is this bonus not good for?
Answer; This bonus is not good for players who simply want to win a few hands and cash-out. Once you accept the bonus, you must meet the play-through requirement before cashing out. While players who do not accept a bonus are free to cash-out at anytime they wish.
Question; Once a player makes it passed the play-through requirement, is there a limit to how much they can cash-out?
Answer; The answer is usually no. There is usually no limit to how much a player can withdrawal once the requirement has been met. But to be sure, you will want to make sure your bonus says ‘No Max Cash-out’ in the terms.
Question; So then who is this bonus good for?
Answer; This bonus is great for players who intend to play for long periods of time or players looking to hit a jackpot. What better way than to play off someone else’s money? This lets you deposit a smaller amount of your own hard earned cash, and play with a much larger amount in turn, highly increases your chances of hitting some sort of jackpot!
No Deposit Bonuses
No deposit bonuses are another type of online casinos bonuses often give for first signing up, they are usually in smaller amounts, or have a set limit to how much you may cash-out. Unlike the welcome bonuses, no deposit bonuses are usually capped at $100, meaning that if you win a large sum of money using a no deposit bonus, the most you will be able to cash-out is $100. Like the welcome bonuses, these also come with a play-through requirement, but don’t require a deposit before you play.
Question; Okay, so I won a little money and wagered the bonus the required number of times, now I just cash-out?
Answer; Almost! There is one small thing you must do before you are able to cash-out. You must first make a small deposit of $25 (the most common)! You won’t have to wager this amount, this is just to prove your identity and help prevent fraud. Aside from that, this also makes you familiar with the deposit process and casinos know you are more likely to deposit again in the future once familiar with the process. That’s called smart marketing!
Timed Casino Bonuses
Timed casino bonuses are some of the most fun online casino bonuses, but harder to find! Like the above bonuses, there are similar play through requirements, no deposit required, and a limit to how much you can win, with a twist! The twist is, you have a set amount of time to try and win as much money as you can. So a Timed Welcome Bonus of 30 minutes, with a play-through requirement of 20x would mean you have to wager your starting bonus (let’s say $1,000) 20x within a half hour. If you make it through the time and wager requirement with any cash left, it’s yours to keep (up to the limit allowed by the casino)! Again, you will have to make a small deposit ($25) before you are able to withdrawal the winnings because there was no initial deposit required. But this is ONLY if you have winnings to withdrawal.
That pretty much sums up everything one will need to know before deciding a bonus from an online casino is right for them. In short, if you are looking to play just a few hands, or try to double your money really quick, a bonus may not be right for you. However, if you are in it for the long haul, the entertainment factor or looking to hit it big, an online casino bonus may be just what you need! I hope this article provides players with answers to some important questions. Remember, there are many online casinos and each is slightly different from the next, so be sure to read the terms of each bonus before accepting and always play at an online casino with a positive reputation within the online gambling community.