One of the most important components of the work of online casinos are bonuses. These are special incentives that operators offer players to register on the site or continue using its services. Such incentives can be cash, free spins for online slots, cashback and more.
The most common type of promotion is the Welcome Bonus, which is awarded to players for creating an account and making their first deposit. You can’t just sign up, take the bonus and walk away. Once it is activated, you must fulfill the wagering requirements, and only then will you be allowed to grab the money.
On this page we will tell you about the varieties of online casino bonuses, the essence of wagering conditions and how to choose promotions on gambling operator sites. All information was collected by our best experts, and we vouch for its objectivity and relevance.
Bonus Activation Procedure
To grab a bonus at an online casino, gamblers need to perform certain actions. Sometimes such incentives are awarded automatically, but more often you will be required to make a deposit, specify a promo code or fulfill another qualifying condition. To understand what you need to do, study the terms and conditions of the promotion.
Receiving Welcome Bonus
As we said earlier, Welcome Bonus is the most common type of promotion in online casinos. With the help of such incentives operators increase their customer base, trying to interest players to visit their sites and stay to play on them.
Activating the Welcome Bonus is very easy. Use our mini-guide:
- Analyze. The amounts and terms of Welcome bonuses vary. You can be credited 50%, 70%, 100% or other addition to the deposit amount. Also, the operator can give you, in addition to bonus funds, free spins for playing slots;
- Find out if you need a promo code. Often to activate the bonus is not enough to make a deposit, you also need to specify a promo code. Find out about it in the promotion rules or ask questions to the support team;
- Make a deposit. To grab the bonus, you most often need to make a deposit. Deposit as much as you can afford, but note that it must comply with the established limits. This means that if the lower limit for participation in the promotion is 20 pounds, you can’t transfer less money into your account if you want to get this bonus;
- Study the terms and conditions. You should know all about the wagering terms and conditions, the games where you need to fulfill these terms and conditions, as well as what time you are allotted for these actions.
Receiving Deposit Bonus
Deposit bonuses can be obtained in the same way as the Welcome Bonus, but their fundamental difference is that you are not obliged to participate in these promotions as soon as you sign up. Many of these incentives are called Reload bonuses. This means that you can claim them many times, which is another important difference from the Welcome Bonus, which is only available once.
Here are instructions on how to activate and use deposit bonuses:
- Be patient. As we said earlier, you don’t have to grab a deposit bonus immediately after signing up. Play games, explore the site’s services, and when you’re ready, make a deposit and get the extra funds;
- Check the need for a promo code. We’ve already talked about this — entering a promo code can be one of the prerequisites for the bonus;
- Play games with a high winning probability. Try to use the bonus funds in games with high winning probability. This will give you a chance to start making profits quickly;
- Study the terms and conditions. You should have a good understanding of the wagering terms and conditions, and the timeframe given to fulfill them, before participating in the promotion.
Variety of Incentives
As you already realize, online casinos offer many varieties of bonuses for new and regular players. Users can pick incentives based on their preferences, because some gamblers like slots and others like blackjack. There are players with a limited budget, and there are high rollers. All in all, there are enough criteria. Below you can explore examples of several types of bonuses.
Slot Bonuses
Online slots bonuses are one of the most popular types of incentives available at online casinos. They are free spins — a certain number of free attempts to spin the reels. Like any other bonuses, they have wagering requirements. These conditions can include wagering requirements, both the amount of the bonus and the size of the deposit.
Let’s say an online casino of interest to you offers a 100% bonus for up to £100 with a wager of 20x. This means that you will need to meet the wagering requirements to bet an amount 20 times the amount of the bonus, that is, 2,000 pounds. After fulfilling the wagering requirements, you will be able to withdraw the funds from your account in the form of real money.
As you already know, it is important to check the terms and conditions of each individual online casino and regarding its promotions. But, as a rule, the use of bonus funds does not prevent you from winning jackpots in online slots. If you become lucky enough to win a large amount of money using bonus funds, you will be able to withdraw this money, but, as you have already guessed, only after fulfilling the wagering requirements.
We recommend trying the services of online casinos that offer no deposit free spins to new players. You will not risk anything using this type of bonuses, and you will even get a chance to win real money. But note that if you manage to win, you will have to register and fulfill the wagering requirements to be able to withdraw your winnings.
Live Dealer Bonuses
Games with live dealers provide participants with unique emotions and a higher level of trust in the process and results than in virtual RNG games. Also, players can feel themselves in the atmosphere of a real casino, which gives their gambling adventures a unique flavor.
Many online casinos offer bonuses focused on their application in games with real dealers. Most often to get them requires a deposit. After that you can apply the funds to play baccarat, poker, craps, roulette, blackjack and other real dealer titles.
It should also be added that often online casinos seek to improve the operation of part of their business, so they can offer fans of games with live dealers additional bonuses, for example, to play bingo or slots.
VIP Offers
Many online casinos have VIP programs, participants of which can become active clients of such sites. Using their paid services, you will receive points and, having accumulated a sufficient number of them, get a new level and related benefits. This can be unique bonuses, cashback, participation in private tournaments, free spins, and even real prizes.
The second way to become a member of the VIP club is by invitation. Employees of online casinos track the activity and loyalty of players. Then they send invitations to join the VIP club to the most active customers. If you consider yourself an active player, but you do not receive such an invitation for a long time, then contact the support team.
VIP Club members can expect premium service and 24/7 access to a personal manager. They may be sent birthday gifts, prizes, invitations to participate in VIP events and more.
Cashback
This type of promotion is quite justifiably popular with gamblers. Often online casinos offer to get cashback with a special registration link. Make a deposit and you will be refunded a portion of your funds in the form of cashback (say 20 pounds). It’s important to note that this deal does not affect your ability to receive the standard Welcome Bonus, which consists of cashback, free spins or both.
Cashback is also often one of the benefits available to members of Loyalty Programs at online casinos. It usually increases as players gain new levels/statuses in such programs.
Often cashback can be received as a bonus in exchange for meeting certain requirements. Such a requirement, say, can be losing a certain amount of money for the week. In this case, on the Monday after that week you will receive part of the funds in the form of cashback.
Nowadays, cashback is considered one of the most popular types of bonuses in online casinos. Some operators credit it to players’ accounts, rather than giving it to them in the form of money. But, having fulfilled the wagering conditions, you will still be able to withdraw these funds.
Casino Bonus Withdrawal Procedure
So, you became a client of an online casino and made a deposit, after which you were credited with a bonus. Now you need to fulfill certain conditions to withdraw this money.
Regular readers of our site Madmoneycasino.com know that every gambling operator has requirements for wagering bonuses. Here is an example:
You are interested in a promotion with a wager of 6x. So, you made a deposit of £50, after which you were credited a similar amount as a bonus. Thus, the sum of your initial budget is 100 (50+50) pounds. To withdraw this money, you need to wager the bonus+deposit 6 times. To do this, wager £600 (£100 multiplied by the wager) within the set promotional period. Once you fulfill this condition, you will be allowed to withdraw your money.
There is no way to beat the wagering requirement system in the long run. Therefore, try to study the terms and conditions of promotions before participating in them. The lower the wager, the better it is for you.
Reading our site Madmoneycasino.com, you will always be aware of which games are the best to play, and which sites have bonuses with favorable wagering conditions. We think you realize that if two online casinos offer the same no deposit bonuses, but with different wagers (6x and 10x respectively), it is better to choose the one where the wager is lower.
Another important aspect is to pick games with a high payout ratio (RTP). Let’s say that the online slot you are interested in has an RTP of 95%. This means that on the distance in this game, players get back 95% of the funds they have placed.
On the contrary, if the RTP in the game is at the level of 70%, then playing you will be unprofitable, because fulfilling the wagering requirements, you may find yourself at a disadvantage of 180 pounds. This is more than the deposit amount and the bonus (£100) combined.
Yes, you can win or lose a lot more than the above, because the results depend a lot on luck. But at least make sure you opt for an online casino with low wagering requirements, and its collection features games with the best statistical chances of success.
Factors to Keep in Mind When Picking a Bonus
Despite the fact that the types of bonuses are more or less the same, their terms and conditions very rarely coincide on different sites. We recommend that you pay attention to several important factors when researching promotions, which will help you make the most informed choice possible:
1. Size
The size of the bonus depends on the amount of your deposit. If you have enough money that you are willing to risk, it may make sense to choose the biggest bonus available. Say, many online casinos offer up to £500 as a Welcome Bonus.
2. Percentage
For marketing purposes, online casinos always indicate the maximum bonus amount that can be received. But remember that 100% and 50% bonus to deposit amount have different benefits for the player. Say, if the maximum bonus amount is £100 and you are awarded 100% to your deposit, then you need to deposit £100 to get the maximum bonus. If, however, you are offered a 50% bonus up to £100, then that means your deposit needs to be £200.
3. Maximum Win
Study the terms and conditions of bonuses thoroughly, because they can have a very tricky rule — a limit on the amount of maximum winnings. In this case, even if you win a jackpot of, say, £100,000, you won’t be allowed to withdraw that money. You will start to look into the situation and find out that winning with the bonus is limited to £20,000. And if you had found out about this earlier and spent some time studying the terms and conditions of the promotion, you wouldn’t be in this situation.
4. Combined Bonuses
It is not uncommon for online casinos to offer their customers combo bonuses consisting of cash and free spins. This is a great choice for all types of players. Let’s say you love roulette and blackjack, and you wouldn’t want to spend money playing slots. But, by getting free spins, you can spin the reels without risking your wallet and get a chance to win money.
5. Bonuses on Specific Games
Some incentives can only be used to play certain games. Say you are a fan of poker, but your chosen online casino only offers free spins that can be used in slots. In this case, it no longer matters how much you like the site and its services if you can’t get a bonus for the games that interest you.
6. Wagering Requirements
Remember that unfavorable conditions for wagering the bonus can wipe out all the benefits of receiving it. If a casino offers you a large amount as a 100% add-on to deposit, it does not mean that you will benefit from it. High wagering requirements require gamblers to play more than they would like and wager money they would not want to risk. That being said, you will have a limited amount of time to fulfill the requirements.
As you can see, there is nothing complicated about using the above tips. But if you want to know which factor is one of the most important (if not the most important), it is the wagering conditions. The lower the wager, the better.
Mobile Gambling Bonuses
In the last few years, the popularity of mobile gambling has skyrocketed. It makes sense, because now all you need is a smartphone with internet access to play slots and other games. That’s why online casinos react to modern trends and often offer bonuses that are exclusive to mobile players.
The essence of such bonuses is that you will get them for downloading and installing the official online casino app for Android or iOS. You will also have access to all promotions from the site of this gambling operator.
Most Popular Questions
How to Choose a Good Bonus?
Try to thoroughly understand the nuances of participating in a promotion that interests you. It will not take you much time, but it will help you to understand well what is required of you to receive and use the bonus. Pay attention to the required deposit amount, the size of the bonus and, most importantly, the wagering terms.
Can I Sign Up for an Online Casino, Take the Bonus and Leave?
No, to exclude such situations, online casinos require players to fulfill wagering conditions. Withdraw the money received with the bonus, you can only after you wager its amount a certain number of times. If you do not do this within the specified time frame, the bonus will burn out.
Will I Get a Bonus After Registration?
Yes, almost all online casinos offer their new customers a Welcome Bonus or even a Welcome Package consisting of several bonuses. Regular customers of such sites have even more incentives available: from cashback and free spins to reload bonuses and VIP programs.
What Would be the Best Bonus for Me?
It depends on what kind of games you like to play. If you like blackjack, there is no point in making a deposit to get free spins because they can only be used in online slots. Analyze the available promotions to see which one is perfect for you.
Why Choose Madmoneycasino.com for Casino Bonuses?
The best experts in the online gambling industry write for our site Madmoneycasino.com. We work in an honest and unbiased manner. Our team does not take money from online casinos, nor do we advertise their sites. All information we collect about operators and their services (including promotions) is unbiased and up-to-date.
Remember that online casino bonuses can be dangerous for inattentive people or newbies. That’s why we recommend you to visit our site regularly. We will explain how to properly participate in promotions so that your gaming experience will be as positive as possible.
How do Bonuses Work?
Remember, online casino bonuses are incentives designed to encourage players to create an account with the site or to continue using its services. Such incentives come in many forms: cash bonuses, cashback, VIP, etc. Before activating them, it is extremely important to study the rules. Pay special attention to the wagering conditions. If they are too harsh for you, then choose another promotion.
Wagering conditions imply placing bets within the set limits. You will have a certain amount of time (most often a few days) to fulfill these conditions. Having successfully met them, you will be able to withdraw your money.