Casinos have adapted this strategy that has worked since online gaming began: incentives in the form of bonuses. Now, new and existing players expect this and will, in fact, only register accounts when incentivized. Sites advertise many offers that anyone who wants to start gambling will want to take advantage of because they are actually quite good.
We break down the various offers you can get at a gambling site and why you would want to take advantage while you still can.
Welcome Bonuses
These are the offers made to new players when they register a new account. They are the mist advertised and, most of the time, are what drive a new player to start gambling at a site. They have to be almost too good to pass to get the desired attention.
These are the two types of welcome bonuses you get at most casinos: Deposit and No Deposit offers.
Deposit Bonuses
They are just what the word suggests – you deposit a set amount in your casino account, and you will be rewarded with a free amount to use for a set period. Typically, the mark-up is given as a percentage, so you could have a 200% casino bonus, which means you get this much for the amount you deposit. If you debit your account with $100 and get a 200% bonus, you will have a total of $300 to play with, and the site will attach conditions to meet before you can withdraw the bonus and its associated winnings. Most sites give a lower limit that you can deposit, mainly $10.
No Deposit offers
The company gives no deposit requirements for these, so you will get freebies without any monetary commitment. These offers are usually quite rare since most sites don’t really push them as they do their deposit counterparts, so you may want to take advantage once you see a code. That said, they are stricter to wager than deposit bonuses, so you may want to read the terms clearly to be sure it is what you want.
Free Spins
They are sometimes a part of a welcome bonus, but free spins can also stand alone. They are used solely on slots, and many games have them as part of their features. You will get free spins to play on specific games and may be required to wager them before withdrawing their winnings. This information is always disclosed in the terms and conditions, so you always know what you are getting into before playing.
Free spins are used for marketing a new slot sometimes or as a reward to frequent players. Some conditions are the specific games you can play or the time you have to meet these conditions before the FS are nullified.
Loyalty Points
Almost every casino has a loyalty program where new players gain points for an amount of money – such as one point for every $10. The more you play, the more points you gain, so this method is meant to encourage players to stay as active as possible. You can later redeem these points on games. Casinos usually break the redemption process down, so you can reach out to the customer service section to know how to proceed. Some casinos may require you to wager the winnings before withdrawing them.
Referral Bonuses
If you are already an existing player, you have a better insight of a casino and are in the best position to market it to people in your circle, and sites entice players to do this by giving them a referral bonus. You get a percentage of money for the first few wagers or deposits your referrals make. As with every bonus, there may be a few conditions to follow and adhere to with this offer.
Cashback Offers
Some casinos will promise you a win, and if you lose, you are promised a refund of up to a certain amount – usually a percentage of the loss. Usually, these cashback offers will be tied to specific games and timeframes, so you want to pay attention to the offer.
Things to Look out for with Bonuses
All the offers on gambling sites are tied to conditions, but they are not all too bad. Any player will benefit greatly from reading the terms and conditions, and here are some that you will be grateful to know about.
Wagering Requirements
These are the numbers you are expected to reach before you can withdraw the given bonus and its attached winnings. Failure to get this done leads to the loss of your bonus and winnings. How do they work? If you have a 30-times wagering requirement for a $10 bonus, you will need to play with about $300 to withdraw this bonus.
Time Given
Every bonus comes with a timeframe. You will get a few days or weeks to meet the wagering requirements before the offer is withdrawn. Usually, you want offers with a reasonable timeframe, like seven days, to use all the cash.
Accepted Games
Every offer has a number of games you can play to meet the requirements. For instance, not all slots contribute 100% to wagering. Some offers – and free spins are especially known for this – are made on specific games. This is information you want to have before accepting the offer.
Conclusion
How good are casino bonuses? They are actually great, especially when you are new to gaming because they allow you to stretch your cash. You will be wise to read the terms before getting into it because they tell you what to expect. If you do not win any cash, you may learn some tricks on a particular game or at least have some fun.