Competition among online casino houses is getting tougher every date and one of the best ways to attract new customers is to offer various kinds of bonuses. These things look extremely appealing to those who are completely new in the world of online casino. Unfortunately, they soon realize that things aren’t the same as big houses present to us. More precisely, they start to realize that these bonuses aren’t completely free. All houses play on that confusion card, so I will try to give you a brief explanation of how casino bonus usually work.
In pretty much all cases, things work on the same principle. After you deposit some money, you will get a bonus. Two things are important here. A certain amount of money is required, and that usually includes not just deposit but you hae to wager a sum that is usually many times larger compared to deposit.
Also, keep in mind that many houses offer bonuses only for specific games. In the best case, requirements are different from game to game.
Another thing to consider is the time requirement. In most cases, you have to clear the bonus in a couple of months or so. After this period expires, you lose the bonus money.
Finally, keep in mind loyalty. Regular customers usually get better conditions, so if you are loyal to a certain house, you can count on special programs that offer various kinds of benefits.
Types of Bonuses
These days, there is a large number of different types of bonuses. Here are some of the most common:
Play-Only Bonus – This is by far the most common type of bonus in online casino and the basic work principle is quite simple. Practically, you can use the bonus money to wager only. You can’t withdraw it in any situations. If you win, the original bet goes back to the bonus account, while the rest of the money can be withdrawn. Speaking of withdraws, keep in mind that houses usually have pretty strict rules. In all cases, you need to wager a certain amount of money before clearing. In most cases, wager requirements are pretty high, as you have to wager a sum that is multiple times the sum on your deposit or bonus account.
Some houses offer so-called reloaded play-only bonuses. The main difference is that once you sign up and deposit, you will receive monthly bonuses, which is a good way to keep players loyal.
Free-Play Bonus – The main advantage is that you don’t need to deposit. Once you sing up, you instantly get a bonus. However, the catch is in the fact that you wager at least 50 times the bonus to be able to withdraw. Also, these bonuses are usually a small amount of money, around $10-20. (Information from: https://www.casinomartini.com/uk-casino-bonuses/)
Withdrawable Bonus – This type of bonus is significantly less popular among big houses, but you can find it in some places. As its name says, you can withdraw bonus money in this case. So, once you deposit, the bonus appears on your account as well. Unfortunately, things aren’t much better compared to the play-only bonus, as you have to clear the bonus before withdrawing the bonus money. Additionally, you will usually have to wager more than 20 times the deposit, before you can withdraw the bonus money.