How Do a Casino Bonus Actually Work: The Truth Behind
$5,000 Welcome Bonus
One promotional tool employed by casinos to attract clients is the casino bonus. Sometimes, the one that offers a $10 deposit casino in Australia. Casinos create exciting offers that allow players to earn free spins or cash bonuses. This encourages new players to sign up and retain existing members.
If well presented, the casino bonuses keep players around. Once they stick around, they often spend more on the platform. For the players, it can serve as a way to increase the money in betting account. That means you can extend your fun time and have more shots at winning. In this article, you will learn how online casino bonuses work.
Online casino bonuses are promotional incentives. These get the players to sign up and keep them playing. Operators always on their toes to stay ahead. Bonuses are perfect tools to attract new players. Moreover, they continue earning the loyalty of existing customers.
As good as casino bonuses sound, conditions are often attached. These conditions vary according to each casino. The goal remains the same; to keep you playing. The trick as a player is to figure out if the requirements to be met are fair enough with the offered bonuses. Understanding that will help you know whether the offer is worth your time.
An understanding of how casino bonuses work can help a player have more fun. They will avoid wasting your time and unnecessary risks with your own money. A bonus offer from a casino may interest a new player. Then, they will register an account to activate it. Such types of bonuses can either be a no-deposit or welcome bonus.
We will discuss more on those later in this article. For existing customers, it comes mostly as a loyalty offer. Offers for loyal customers can even get juicier. Especially if they become part of the casino’s VIP club. Players that become VIPs enjoy privileges unavailable to regular players.
A casino player must know the type of bonuses and what it takes to grab each one. Besides the deposit requirement, players must meet other specific conditions. These are known as wagering or playthrough requirements.
Want to activate a casino bonus? Always check for the wagering requirements. These are often written in fine print under the offer or T&C page. Wagering requirements are the mandatory online gambling terms the casino expects you to meet. Check them before withdrawing winnings from any promotion.
It states the number of times the deposit and the bonus should be rolled out before you are eligible for cashout. For example, if the playthrough requirement for the offer is 20x for a bonus of $10, the player has to wager $200 within a specified period.
Making withdrawals without meeting this condition may result in losing the offer and your winnings. Wagering requirements vary from one casino to another. In some, it can be less than 20x. It can also get as high as 70x in others. Generally, a playthrough requirement of 35x or less is considered fair.
There are other conditions every casino player should look out for before grabbing a casino bonus.
- Game restrictions. In most cases, only specified casino games can be played with the casino bonus. Different game categories contribute to wagering requirements differently.
- Withdrawal limits. Some offered casino bonuses have specific withdrawal limits. It is irrespective of how much a player has earned with the promotion.
- Time limit. Most casino promotions have expiry dates. Completing the playthrough requirement before the expiry date is important not to lose the bonus money.
- Deposit method. Certain payment methods may not be eligible to trigger some bonuses.
- Minimum deposit. Most casinos require that you deposit at least $10 to claim the offer. There is always a top deposit casino in Australia to pick from. Also, It is common to find a minimum deposit of as little as $5.
Always take a few minutes to read and understand all the conditions. They are attached to an online casino promotion. Then, you can proceed playing.
As earlier established, bonuses are designed to catch new players or keep the existing ones playing. Promotions serving different purposes means there will be different types. Here’s a look at the common types of casino bonuses.
As the name implies, a welcome bonus is a promotion for newly registered players. It is a reward to attract and welcome players after registration. Considering the high competition, online casinos need to sweeten the deal to get players’ attention.
Welcome bonuses are often a match bonus, offered as a certain percentage of your deposit. For instance, you will get $300 if you first deposit $100 at a casino offering a 200% welcome bonus. Sometimes, the welcome bonus can be free spins. It can also be combination of a match bonus and free spins.
No deposit bonus is the most attractive casino bonus offered by casinos. As the name suggests, you are not require to deposit or risk your money. All you need to do is sign up on the site. Then activate the bonus and start playing casino games for free. The offered bonus could be free spins or small fixed credit cash. Predictably, the conditions attached to no deposit offers are often steeper. It makes it more difficult to cash out from the offer.
If you love playing slots, you should take advantage of the free spins offers. With it, you get to play slot games for free. Some online casinos allow players to use the bonus on any slots. Others restrict it to certain slots.
It is a type of incentive always available to new and existing online casino customers. The number of awarded free spins differs with casinos. Free spins bonus might require a player to deposit first to activate, unless it is a no-deposit bonus.
Many operators understand that attracting new players requires more effort than keeping loyal customers. They, therefore, put as much marketing effort into keeping existing players. Loyalty bonuses are one of the casino’s ways of achieving that. For a player to get a loyalty bonus, they have to have been an active member for a certain period. Some casinos requires players to wage a certain amount of money.
In addition to free spins and bonus money, loyalty bonuses come in the form of juicy perks. They come as a cashback, faster services, physical gifts, invitations to exclusive tournaments, higher withdrawal limits and many more. Some casinos go as far as giving luxurious rewards like an all-expense paid vacation.
Of course, casinos need players to deposit money to make a profit. Most casinos reward you with free money as a deposit bonus when you do. A deposit bonus is always a percentage of the amount you deposit.
Depending on the casino’s generosity, it can be between 50% to 300% (or even more) of the deposited amount. Free spins and other awards sometimes added to the offer.
Casinos offer the opportunity to win money from playing games while having fun. However, you can also lose some money. No players can expect a casino site to return their losses. However, you can regain some of your losses as a cashback bonus.
Online casinos offering this bonus calculate the amount you wagered and lost during the day, week or month and return a certain percentage. It is often in the range of 20 – 30%.
The process of activation depends on the online casino and the offer. It is, however, always straightforward. Registering an account is the main requirement for a no deposit bonus. In some online casinos, you are automatically awarded the bonus after completing your registration. Others may require you to activate with a promo code. Most of the times, the code would either be sent to your registered email.
To claim other types of bonuses, interested players only have to respond to the promotion. Then make a minimum deposit to trigger it. Except for the few casinos that require you to input the promo code provided, those are the basic process of activating most bonuses.
Conclusion
There are often plenty of promotions from tons of online casinos to take advantage of. To avoid any issues, you should only play at a reputable and licensed casino site. Therefore, always look up the online casino and their bonus offers to know if they are genuine and fair.
When you find the right casino with the right promotional offer, you are guaranteed to have a lot of fun. You also stand a chance of making some money while at it. Finally and most importantly, read the fine print under the casino bonuses and only go for the ones that best suit your online gambling needs.
