You’ve probably seen that most online casinos advertisements usually offer some sort of bonus or FREE money to get you to start playing there. Like most things in the world, nothing really comes free, so before you start claiming this free moneythen getting upset that you’ve been scammed, I suggest you keep readingsee how this all works.
First of all, you may ask; why do online casinos even offer this “free” money?
It’s part of their marketingdifferentiation strategy. In a nutshell, online casinos are generally “skins” of a specific software provider, so actually behind the different owner, graphics, licensing etc under the bonnet there’s not much difference between let’s say all Playtech powered casinos, or all Microgaming powered ones.
So, if they are mostly the same below the hood, there needs to be some sort of difference which will convince you to play at “X” online casinonot “Y”. Besides the graphics, licensing, supportreputation, another way to pitch to potential players is by giving them something, in this case, a bonus.
Having put that out of the way, the next question you might ask yourself is: OK, so Casino X is offering $5,000 free, maybe I’ll sign up, take my $5,000, play them outgo on to Casino Y.
The answer here is pretty simple as well. In order to claim bonuses at at an online casino, you will usually need to make a deposit, unless it’s specifically stated that you don’t, but we’ll get to that later.
Before we sink into the beef of the different types of bonuses offered at online casinos, here are a few extra termspoints you should be aware of, so you can clarify them with a support representative before claiming a bonus, just so you know where you standwhat you’re claiming.
1. Wagering requirements: Most bonuses have wagering or playthrough requirements, meaning that you need to play a certain amount before you can withdraw winning from your account. On average wagering requirements are usually between 15 to 40 times, however pay attention to what you are required to wager. In some cases it will be just the bonus times Xin others you will need to wager the bonus + your deposit amount X times. The latter by the way is more common.
Another tidbit you should pay attention to with regards to wagering requirements is, that at most online casinos, if you request a withdrawal before you have completed the wagering requirements, all your winnings to date will be void. Not really fair, but this is reality.
2. Games played: Make sure you read the T&Cs in this case. Because slots games are generally the most profitable games for online casinos, many bonuses tend to be valid only for slots games. Usually scratch cardskeno will comply with this rule.
In other cases, you will be allowed to play your bonus on all games; however not all games will count 100% towards the playthrough requirements. For example play on slots will count 100% but roulette will only count 30%, meaning that you will actually need to wager over three times more in order to clear the wagering requirementswithdraw your winnings.
3. Minimum deposit requirement: In most cases, in order to claim a bonus you will be required to make a minimum deposit, which again can vary. It’s generally a small amount which you will probably deposit anyway. It’s usually not over $50.
Now that we’re all on the same pagespeaking the same language, it’s time we went through the main types of bonuses available at most online casinos.
