Having access to numerous casino bonuses is one of the many advantages of gambling online. But how do you know which bonuses are right for you? Anyone new to casino bonuses is not going to find it daunting making a reasonable profit from them. As a new player, you are likely going to miss the hidden restrictions placed on the bonuses you claim. However, you can choose to learn from your mistake or let this guide help you ease your way into casino offers. In this article, we are going to highlight the common types of casino bonuses, wagering requirements and common terms often tied to these bonuses.
Different Types of Casino Bonuses
Almost every casino has one bonus or more to offer its players. However, not all bonuses are the same or can be claimed with the same methods. Below are the common types of incentives you would likely be offered by online casinos.
This is the biggest marketing tool used by online gaming websites. Most casinos have their signup promotions displayed on their landing page. This is to let potential customers know what they can benefit from when they sign up with the casino. Sign-up bonuses usually require first deposits for players to claim them. These deposits can be matched with bonus money, free spins or comp points. Sign-up bonuses are only reserved for new players and casinos take extra measures to make sure it is not claimed twice by one player. Online casinos also make this offer available for a limited period. So, it is not claimed immediately you sign up, you can lose the opportunity to claim the offer. An example of a welcome bonus is a £1500 plus 200 free spins offer on Conquestador.com - https://conquestador.com/en/games/slots.
While playing at online casinos, you are likely to be offered deposit bonuses from time to time. Online gambling establishments reward their customers for making deposits and these rewards motivate players to invest more. Match or deposit bonuses are usually in the form of percentages, which the casino add to your balance anytime you fund your account. You would most likely be restricted from cashing out these rewards until you wager them several times.
No Deposit Bonuses
These incentives are usually of lesser value. This is because they require no monetary commitment from you. No deposit bonuses are one of the most common ways casino draw in new customers. Usually, you would need to sign up with the casino before you can be offered this bonus. No deposit bonuses are non-cashable rewards, which means you cannot withdraw your winnings unless you complete the wagering requirements. Free spins are the most common types of no deposit bonus and they can only be used on slots. The casino might offer several free spins on certain slots to reward you for signing up or for being a loyal customer.
VIP and Loyalty Bonuses
When you choose to stick with an online casino, you are likely to be rewarded with Loyalty bonuses. Most casinos include players in a loyalty program, which rewards players with comp points for each wager they place or deposits they make. High-rollers also get generous offers on virtual casinos, this is in the form of enticing bonuses that keeps them coming back. VIP bonuses can be offered as cash rewards, gifts, sponsored trips or bonus money.
Most incentives offered by online casinos don’t come free of terms and conditions. One of the common conditions ties to casino incentives is the wagering requirement. Typically, wagering requirements are displayed with the number and an “x” beside them. For example, when you see 30x with any bonus you claim, it simply means you have to wager it 30 times before you can cash it out as winnings. Wagering requirements also determine how profitable a casino reward is. A decent bonus should have at most 30x wager, anything above that is considered too high.