In our blog, we posted many articles about online casino bonuses. And if you are following us for a pretty long time, you probably know everything about bonuses and casino promotions. However, if you are new to CasinoBest.ca and online gambling in general, today’s post will be very useful for you. Maybe it will even change your opinion about casino perks. So keep on reading to find out things you might not know about casino bonuses.
What Are Casino Bonuses and Why Casinos Offer Them?
Everyone loves free perks not only in casinos but in real life too. For example, remember how stores catch us on buying 2 things + 1 extra for free instead of taking just 1 thing; or the huge sale on Black Friday when we take everything we can for the smallest price. Online casino bonuses work in the same way. They attract players and make them purchase (deposit). This is why online casinos offer regular bonuses to players, new and existing.
In terms of online gambling, bonuses are usually given in two forms: money and free spins. In sports betting, there are free bets as an alternative to free spins. Simply put, players receive extra funds to play games in addition to their deposits.
Bonuses have become so popular that gambling operators began creating many types of them. Thus, players can choose their offers like in a store. The most common type of bonuses are as follows:
- Match deposit bonus. These bonuses are rewarded to you when you make a deposit. The “match” means that your deposit is matched by a certain percentage. For example, a typical 100% match bonus doubles your deposit. So if you deposit $100, your total amount is $200. However, it doesn’t mean that if you deposit $1 million, you’ll get $2 million. Deposit bonus amounts have a limit. This is why they usually add “up to $1,000” to the promo.
The best match deposit offers are given by the following casinos:
Check out our post about deposit bonus online casino easy withdrawal.
- No deposit bonus. This is a risk-free bonus. Players do not have to make deposits in order to claim the offer. However, they must register at the casino and activate the sign-up offer. Usually, no deposit offer includes free spins for a featured slot.
The best no deposit offers are:
- Reload bonus. The same as the match deposit bonus. However, reload bonus is given to existing players only. Often, reload bonuses are regular and can be given daily or weekly.
The best reload bonus casinos are:
- High Roller bonus. These offers are made for players that prefer placing high stakes. High-roller bonuses match deposits. But the deposits must be significant. Some casinos require to deposit at least $1,000 to be eligible for the high-roller offer.
The best bonuses for high-rollers:
6 Things You Need to Know About Bonuses
Although online casino incentives are so attractive and exciting, they have pitfalls. And if you use them wrong, you can get a bad casino experience instead of joy and fun. Keep in mind the following things.
Bonuses have wagering requirements
The evil wagering requirements that are so hated by casino players. They are the biggest pitfall of bonuses. Gambling operators invented them in order to avoid bonus abuse. In other words, because of wagering requirements, you can’t take pure advantage of bonuses.
However, if casinos didn’t attach wagering requirements, players would simply cash out the extra money without playing games. That being said, some online casinos leave no option to players by applying very high requirements. On the other hand, there are sites where you can find pretty reasonable betting requirements that don’t exceed 35x.
We do not recommend claiming bonuses if their wagering requirements are higher than 45x. It’s best if you find a casino with zero requirements at all. For example, Play Ojo casino doesn’t require players to wager the bonus.
You cannot cash out a no deposit bonus
If you think that no deposit bonus means free money, you are mistaken. You cannot withdraw the bonus money itself. You can only cash out winnings made with the help of the bonus. This is why no deposit offers usually include fixed free spins — you can’t cash out free spins.
Besides, any bonus money is credited to the bonus balance. And everything you have on this balance must be converted into cash before it can be withdrawn. Convert means wagering the bonus. In other words, you have to meet wagering requirements.
Some offers only apply to featured games
Many players think they can use bonuses on any games they want. But it’s not always true. Some bonuses can be used on certain games only. This usually relates to free spins.
Most casinos mention what slots you can play with the bonus. But some casinos fail to inform players on the main page. This is why you need to read the fine print (bonus terms) and see what games qualify.
All offers and promotions have an expiration date. Especially if you are a new player and claim your welcome offer, you need to use it until a certain time. If you fail to do so, the bonus will be forfeited. Besides, most casinos set the expiry date meaning that you need to use the bonus and meet the wagering requirements within this time frame.
Some offers are valid for 24 hours only. And you need to be attentive to the terms.
You might forfeit the bonus and all winnings
This happens if you don’t meet wagering requirements, or the bonus expires, or your size of bets exceeds the max limit. All these can cause forfeiting the bonus and all associated winnings. This is what we meant in the beginning when we said you might have a negative experience with a casino.
And this is the reason you need to read the bonus terms before claiming it. When you know the rules, you cannot be caught. Remember that tricky online casinos wish to find any reason to refuse your withdrawal. And the violation of bonus rules is the main reason.
In most cases, you can’t withdraw your bonus winnings
Even though you have cleared the bonus by meeting the wagering requirements, you might not be able to cash out the winnings. Simply because online casinos have minimum withdrawal limits, players need to have at least $20-$30 on their cashable account.
However, winnings made with a bonus are usually not big. But to gain more money on your account, you need to play more and try to win. And unfortunately, gambling is all about random results. You can either win or lose. At the end of the day, you can be left with nothing to withdraw or you can a bigger amount for cash-out.
Casino incentives are fun and all but players need to be careful with them. Especially new players tend to make mistakes simply because they don’t know the specifics of bonuses. They see the promo ad and the sum of extra money, and unfortunately, they forget to look at the rules.
Most of them. All types of deposit and no deposit offers usually have wagering requirements. But you can find promotions that don’t have any requirements. For example, cashback bonuses and tournament prize pools.
Simply put, players that use bonuses to their advantage are bonus abusers. It means that they can claim the same bonuses by signing up multiple times at the same casino. Of course, they use different names and personal data. Bonus abusers try to use the bonus and meet the requirements as soon as possible so that casino operators can’t make heads or tails of what’s going on.
It depends. If your online casino requires a promo code for a certain offer, then you need to enter it. You can find the promo code in the bonus terms. But online casinos usually place the bonus code on the site where everyone can see it. Remember that you can enter a bonus code only when depositing to a casino.