Bonuses make a great marketing technique many online casinos use to attract new players and to make the old ones stay on the site longer. While they might sound like getting some free money that you can spend on your favorite games, you should know that there is no such thing as a totally free lunch.
Casino bonuses can give a jump start to your gambling experience, allowing you to play more, but they most often come with rather strict play-though and wagering requirements you agree to, most often without even reading them. Here are the main things you should keep in mind when reading the fine print and picking your favorite online casino:
Casino welcome bonuses usually come in the form of a percentage calculated from the amount of your first deposit on the site. However, there are those who set a limit for your first deposit, cases in which the percentage is usually lower. If you want to maximize your welcome bonus, go for a no-limits online casino: the higher amount you decide to deposit, the bigger the bonus.
For example, if you pick an online casino offering a 200% welcome bonus, you will have in your online account £150 after depositing £50. On the second type of scheme, you might have to deposit a lot more to get the same bonus amount.
Even more appealing are online casino welcome packages. You can get, for instance, matched bonus on your first three deposits. This means that, the first three times you put money into your account, you will actually be able to play for the double of the deposited amount.
However, you should know that you will be able to withdraw any winnings only after fulfilling the play-through and wagering requirements mentioned in the website’s Terms & Conditions. If you have a 10x play-through requirement, for instance, you will have to wager 10 times the total value of your initial three deposit and bonuses until you can withdraw anything.
Another type of online casino bonuses is free spins. They are used to reward both new and experienced players. There are generally two types of free spins: those offered as a bonus for a deposit, and those for which no deposit is required. Sometimes, free spins are part of a bigger package: a deposit can be rewarded with both match bonus and free spins.
No Deposit Casino Bonuses
To sound even more appealing, some online casinos offer no deposit bonuses. Does it sound too good to be true? In a way it is! While no deposit casino bonuses do exist, they come with very high play-through and wagering requirements, so it is best you think twice and read the fine print carefully before you claim one.
The moment you get confirmed as a VIP customer of your favorite online casino, the array of bonuses instantly diversifies: cash rewards, free spins, monthly loyalty bonuses, access to special features and unique games, and many others.
How to pick the best casino bonuses right for you? First of all, read the fine print. Then, make your calculations right. If you are a casual gambler, make sure you avoid bonuses with high wagering requirements, which can work just fine for frequent players.
Welcome bonuses are a great way to increase the funds at your disposal and add to your overall enjoyment, just be careful to read T&C’s and only play at reputable online casinos, like those mentioned on Top5CasinoSites.