Posted in Guides, Promotions December 6, 2016
Your Ultimate Guides: Online Casino Bonuses
One of the main reasons why people choose to sign up with a particular online casino is the Welcome Bonus, as this bonus can sometimes double, or even triple, the amount of money you have to spend. Newer online casino players often don’t realise that these casino bonuses have caveats attached to them though, and simply think that the money is theirs to do whatever they want with. To ensure that new players don’t fall into the trap of accepting Welcome Bonuses that aren’t as good as they seem, we’ve come up with this handy guide to them. In it, you’ll find the different things to look out for in the small print, and should then be able to make the best choice possible when it comes to selecting your next Welcome Bonus…
Bonuses Can’t Be Withdrawn Straightaway
One of the most common mistakes made by new players is thinking that a bonus can be withdrawn immediately. Essentially, many people think that the bonus money is immediately theirs, and that they can make money by withdrawing as soon as the bonus is granted. Unfortunately, this isn’t the case.
Bonus funds are generally held in a different account to the actual money you’ve deposited, and the sites certainly won’t let it go until they are satisfied that you’ve wagered it enough times. When you think about it, this is only fair, as the bonus is given to you so that you can play the games on the site, and not so you can simply enhance your bank balance.
The only exception to this rule is bonuses that are given after you’ve met certain criteria. For example, a site might not grant a bonus until you’ve spent €100 on their site. When this is the case, you will have already met the rollover requirement. But what exactly is a rollover requirement? You’ll find out in the next section…
Understand a Bonus’ Rollover/Wagering Requirement
Perhaps the most important thing to check when accepting a Welcome Bonus – or any other bonus – is the wagering requirement (W.R). This is generally hidden deep within the Terms & Conditions of the bonus. A rollover requirement tells you how many times you have to wager the bonus before it – and any money won using it – can be withdrawn.
To illustrate this, it’s perhaps best to use an example. If you get a Welcome Bonus worth €100 and the rollover requirement is 35x, this means that you’ll have to make bets totalling €3,500 before you can make a withdrawal. 35x is a reasonable amount when it comes to a rollover requirement, however anything over 40x is starting to get a little steep.
It should also be mentioned that only certain games count fully towards the rollover requirement. In fact, it is generally the case that only slots games and certain parlour games count 100% towards meeting the requirement. Other types of games, such as blackjack and roulette, might only count towards 10%. This means that, if you’re a fan of one of these games, you’ll have to wager ten times more than those who play slots or some parlour games. This is because many table games gives you a 50/50 chance of winning, therefore it would be too easy to fulfil the rollover requirement and still retain most of the bonus amount.
Bonuses Have Minimum and Maximum Amounts
When looking for the best Welcome Bonus, it is important to look at the minimum and maximum amounts – two things that nearly all bonuses have. Casinos place a minimum requirement because they want you to deposit as much as possible on their sites, however they have a maximum requirement as well, so that they don’t have to give too many free games away to people. After all, the more free games someone has, the less of their own money they’re spending!
If you’re a low stakes player, and don’t want to spend too much money at a casino, you’ll therefore need to find a site that offers a low minimum deposit in order to be eligible for a bonus. Most have minimum deposits of around €10, but some are lower. High rollers will instead need to look at the maximum bonus amount, and this can sometimes stretch into the thousands. For high rollers, a 100% Welcome Bonus worth up to €2,000 is clearly better than a 150% Welcome Bonus worth up to €500.
Don’t Forget Bonus Codes
The final thing to say is this – some casinos require you to enter a bonus code into a specific field when making a deposit, and not doing so will cause you to miss out on the bonus. Others, on the other hand, will automatically add the bonus to your account when you deposit at their site. It is therefore very important to check the bonus and see if there is a code to use, as otherwise you could find yourself missing out.
Now that you’ve read the above, you should be able to find the best casino bonus for you! Then it’s simply a case of making a deposit, getting your bonus, and starting to play some fun and exciting casino games!
More guides to help you conquer casino bonuses
Now that you’ve read our general run through about online casino bonuses, and above all, the Welcome Bonus, make sure to check out our complete guides to all of the different online casino bonuses:
- Your Complete Guide to Match Bonuses
- Your Complete Guide to Reload Bonuses
- Your Complete Guide to Welcome Bonuses
- Your Complete Guide to No Deposit Bonuses
- Your Complete Guide to Deposit Bonuses
- Your Complete Guide to Free Spins Bonuses
- Your Complete Guide to VIP Bonuses
- Your Complete Guide to Cashback Refund Bonuses