Online Casino Bonuses – A Beginner’s Guide
A Beginner’s Guide to Online Casino Bonuses
A simple Google search for online casinos will bring up literally thousands of results. All these online casinos will have different names, with their casino websites all looking very unique. But there is one thing that they will all have in common. That’s the casino bonuses they will be offering all new players. These introductory bonuses are now a standard feature across all online casinos the world over. One thing you’ll instantly notice when comparing them is how some appear to be much more generous than others. But as with all forms of advertising, nothing is quite as it seems.
With the sheer variety of different bonuses on offer, it can certainly make a gambler’s head spin. Large percentages are displayed in a manner that makes them look very enticing. But at the same time, they can be difficult to fully understand. Before you accept any online bonus, it’s wise to drill down into the terms of conditions on the website in question. This is because, though the bonus itself may appear to be very tempting, the website has a legal responsibility to explain how the bonus functions in detail. And they choose to do this in the website’s terms and conditions.
Can You Make Money from Online Casino Bonuses?
The brief answer is yes, you can win the jackpot online. But keep in mind claiming bonuses is not as simple as simply being able to accept them and then withdraw them. Casinos have never been known to be charitable organisations. There is no such thing as free cash. Even though online casinos would like to sell you the narrative of their generosity by giving out free money to new players.
The first thing you need to understand is that all the bonuses you can receive are actually a form of credit. You can use this to play games as you normally would. But there will be restrictions in place on how much money you can win. So yes, it’s certainly possible to win money using your casino bonus. In fact, you may even be able to withdraw a small amount of it.
It’s important that you maintain realistic expectations when it comes to receiving online casino bonuses. They can certainly help stretch your bankroll allowing you to increase your jackpot winning chances. But just don’t expect to be able to cash out any big wins. If your attitude to accepting bonuses is in the hope of winning big prizes, then you are going to be in for a huge disappointment. As we like to say at jackpotfinder.com, remember that you are not gambling necessarily for the winnings, but for the pleasure.
What is a Deposit Bonus?
The most common type of bonus on offer is the deposit bonus. With this, you need to put some of your own cash into the casino’s online account. For this, many casinos will give you what’s called a “match deposit bonus.” Essentially, the casino will match your deposit up to a specific percentage or a certain amount. In a typical example, you’ll see a deposit bonus of “100% bonus of up to £500.” So what does this mean? Well, it means that if you deposit £100 then you’ll end up with £200 in your casino account. You’ll find many bonuses handed out in terms of percentages, which can make them confusing at the beginning. These can run from 50% and go up to over 500% or more. If you head over to Tangiers Casino, you’ll see that they give away a massive 750% up to €7500!
What Are No Deposit Bonuses?
This is an online casino promotion where you don’t need to put any funds into your casino account. Just as the name suggests, you can claim this promotion without having to give the online casino a single penny. But it does mean that this casino bonus is going to be very small. Normally it’s in the region of around £10. Another common way that a no deposit bonus is given is through free spins. Once again, this is not going to be a huge number. It’s normally around 10 or 20. Because you are not actually handing over any cash to receive this bonus, then you’ll find the terms and conditions to be much more strict. To that end, these types of bonuses are not always profitable.
Online Casino Bonuses: How About Free Spins?
Free spins can be regular bonuses in the form of deposit or no deposit bonuses. One thing you’ll find about free spins is that they are normally game-specific, as well as having a time limit on their use. On the whole,l free spins will form part of a welcome bonus or a reload bonus. Once again, be sure to read the terms and conditions. You’ll find in many cases you are not able to actually cash out any winnings resulting from free spins. The general idea behind this bonus is that you can practice for free. And then, when you’re feeling confident about the slot you are playing, you can then step up your game with real cash. At Tangiers Casino, you can play for free until you’re ready to start spending real cash. They have a huge selection of casino games as well as progressive slots.
What Are Loyalty Bonuses?
For the casual gamer, these VIP programs that offer loyalty bonuses will really only be of a modest value. That’s because these bonuses are given out depending on the actual spending of the gambler. Obviously, a casual gambler is not going to be putting that much money into the casino for it to warrant giving out a loyalty bonus. On the whole, you’ll find that only by spending a small fortune will you be able to claim anything in return.
For example, you may be given a single or multi-points for every £20 you spend at the best casino site to play. But you can only cash out your loyalty points after you have reached 100. So, though the online casino may be offering cars, exotic holidays, and random prizes, it requires a huge spend on the part of the gambler to be able to touch these incentives.
What Are Cash Back Bonuses?
This is a very simple and popular bonus. The cashback bonus will allow you to see some of your losses returned whilst you’re playing casino jackpot games. You’ll find it’s normally a percentage of your total spend and is typically around 5% to 30%. Of course, all bonuses are paid from your losses. But with the cashback bonus, you receive a token percentage of this money returned to you in the form of a bonus. The idea behind this is that you can then carry on playing for longer.
Wagering Requirements and Bonus Terms Explained
On the whole, you’ll find the terms and conditions are relatively easy to understand. They will list such things as the maximum withdrawal amounts. Alone with if there are any time limitations applicable to the bonuses. Only with the wagering requirements will you get the complete picture of any benefits that could come from choosing a particular online casino bonus. These will come with what is known as “playthrough requirements.” In its simplest form, these represent the number of times that the player will need to bet using the bonus funds before they are able to withdraw them.
An example would be claiming a £100 bonus. With the wagering requirements at 30x. In reality, this means to say that you need to bet those funds a minimum of 30 times before you can withdraw. In this example, you would need to bet at least £3,000 before you would be able to withdraw any funds. So though many bonuses may look very tempting at the beginning, once you’ve read the terms and conditions you may find they are simply not worth your while.
Final Word: Online Casino Bonuses
When you’re online and faced with casino bonuses, always try to keep a logical head on your shoulders. And only have realistic expectations. You can certainly make money with casino bonuses but it does mean you need to understand what they stand for and what they mean in real terms. For that, you’ll need to delve into the bonus terms and conditions. Remember in spite of what you might want to consider as real, the online casino bonus is not free money in any shape or form.
On the whole, providing you choose carefully, the casino bonus will help stretch your bankroll. This will allow you to play for longer and thereby get better value for your money. To some degree, claiming bonuses should be part of your overall jackpot winning strategies. Keep in mind that with all gambling activities there is no guaranteed profit.
