Underneath Online Casino Bonuses

Now that I've covered the different types of online casino bonuses, I should expose them for what they really are. Sure, they can earn you plenty of money and are usually worth accepting. But, some have too strict of wagering requirements to be worth your time. Let’s say you love to play slots. The online casino has a great welcome bonus but it’s only eligible on table games. Obviously, if you only plan on playing slot games, it isn’t worth accepting. Keep in mind that you have the right to refuse any bonus.

There are other wagering requirements as well, usually in the form of play through. This means that you must play through to a certain amount before being allowed to withdraw the bonus. A $10,000 free welcome bonus over your first few deposits may look swell, but the truth lies underneath. If you want the maximum bonus from this, you may end up having to wager thousands of more dollars than you want to. If you don’t have a big bankroll, it may not be worth it.

You see, most online casinos employ a 15-30 multiplier (x) on a bonus. For example, if you agreed to a $10 match bonus on a 15x play through, you would have to wager at least $300 before a withdrawal. Here’s the formula: $10 deposit + $10 bonus x 15 = $300.
Other types of bonuses have even higher play through requirements. No-deposit bonuses, which offer free money with no deposit, generally have around a 30x play through. For a $10 no-deposit bonus, you would still have to wager $300 (30 x $10) before withdrawing any money. On top of that, no-deposit bonuses are usually limited to tables games and not allowed on progressive jackpots.

In summation, remember that you can refuse any bonus. It may sound crazy to deny free money but they will get you in the end if you can’t afford it. With that in mind, always gamble within your means. Stick to your bankroll and don’t chase your losses. That’s what leads to problem gambling.

Types of Online Casino Bonuses

The best part of playing an online casino is the bonuses. You can usually earn a free cash bonus just for signing up. And, the account is free. However, there are conditions with nearly ever bonus so read everything before agreeing. In some cases, you may not want to accept a bonus. Read the terms and conditions associated with every bonus very carefully to see if it’s worth your while. Below are the different types of bonuses offered at online gambling sites.

The most common type of bonus at online casinos is the match bonus. The casino matches a certain percentage of your deposit. They are generally offered for your first deposit and can be any percentage. It’s pretty easy to find an online casino with a 100% match on your first deposit so go for that. This type of bonus will only be worth up to a certain amount of money and may apply to certain casino games. Sometimes, you can find a casino that is offering an equal or lessor match on your next few deposits, too. For example, Go Casino is offering a $20,000 bonus over the span of your first 10 deposits. This is the kind of welcome bonus you don’t want to miss out on.

Another type is the cashable bonus, where wager requirements must be met before withdrawing the bonus money. This bonus money is added on to your casino winnings. A sticky bonus may not be withdrawn but any winnings from playing the sticky can. A cash back bonus is the best type of bonus and, not surprisingly, the rarest offered. A cash back bonus is given after a loss. Part of your stake is returned to your account, sometimes as much as 20% each week. In other words, you would get 20% of your losses back for the week. Sounds like a pretty good deal, right?