Casino bonuses are mostly found in the online circles, where players are offered an incentive to help grow their interest in the online game. The bonuses come in variations, for example, you will find the deposit matching in bonus casino cash, the free spins bonus, on-site currency bonus among other relevant ones in the online casinos.
The most common and the best online casino bonus is the Welcome package, that can be found in another name such as the signup bonus, the above is a way for the casinos to politely welcome you to their site when you sign up with them, it’s more like they are stretching out their hand to greet you. The welcome bonus will be in the form of amounts in credits but which correlates with a predefined percentage of your previous deposit and most of the time it is 100% bigger.
Some of the best online casino bonuses offered are meant to enhance your loyalty to the betting site because truth be told there are so many online casinos with bonuses thus the competition is cut-throat. And that is why you will find that the deposit bonuses vary with players getting over 100% of their deposit in free cash while others will get them in the form of slots spins.
Can you make profits from casino bonuses?
What you need to know is that casino bonuses aren’t entirely free, and this concept will become much clearer when you want to withdraw money that you won from playing with the bonuses. So, when you play with the offered bonus, you are allowed to withdraw your cash balance at any given time, but as you do this keep in mind that any bonus balance will automatically be forfeited.
And if by any chance you reverse the requested withdrawal before processing, then the bonus balance will automatically be restrained.
Bonus wagering requirements
As we mentioned earlier the casino online bonus are tied to some standards and the most common is the wagering requirements, so how is this relevant to the casinos with bonus? The wagering requirements simply mean the number of times a player needs to play the bonus money before they can make a cash withdrawal. Other conditions attached to the casino bonuses are the minimum withdrawal limit.
Another vocabulary that you are going to meet with when dealing with the casino bonuses is the “max cash out,” initially this concept was a bit tricky but given the influence of the casino bonuses to the high rollers, the withdrawal limits that had been imposed were lifted consequently encouraging a no max cash out system. The above gave players a chance to withdraw high amounts of cash from their accounts with restrictions set on the maximum amount.
So as you are presented with the many bonuses, which you will take advantage of and make the most out of them, then raises the question, what is the procedure of withdrawing the casino bonuses? The most ideal process is by first converting your bonus into cash, which you will do by staking the cash funds on the applicable games.
The bonus offers are normally tied to specific wagering requirements, which means the amount of money that you will need to wager so that you can convert all your bonus funds into cash thus making it withdrawable.
Types of Welcome Bonuses
The signup bonuses come in the form of the deposit (match) bonus or the no-deposit bonuses, this type of bonuses will only be given to you after you have made your first deposit and will, therefore, be a fixed percentage of your deposit. We then have the no deposit bonus and for this one players don’t necessarily have to deposit before they can be given the bonus.
They are, however, the rarest of the welcome bonuses and smaller when compared to the deposit bonuses, but that does not mean that they don’t offer any value. And for as much as the no-deposit bonus may seem small they are much more attractive to players who don’t want to risk their money but want to find out if the specific online casino is worth their while.
The bonuses can also be categorized as sticky and non-sticky, the latter can never be withdrawn, thus is only used for wagering, meaning that if you meet your wagering requirements then you can withdraw the winnings, that you would have made with the bonus, however, it will stick to your account until you lose it.
A non-sticky bonus, on the other hand, allows players to withdraw the bonus with the money that they have won but after you fulfill your wagering requirements. Another unique type of welcome bonus is the “Phantom Bonus,” the restrictions on this one are a bit tight, as it can only be used for wagering purposes after which it is removed from your account when you withdraw your winnings.
In essence, is that if you meet the wagering requirements then you will be able to withdraw the winnings realized from the bonus on the condition that you fulfill the wagering requirements?
For most players, the first thing that they look at before signing up with a specific casino is the type of bonuses that they will be presented with. And if you, therefore, have an understanding of how the different casino bonuses work then you can use it as a stepping stone when choosing an online casino to settle with, however, go through the terms and conditions attached to the various casino bonuses, as they should allow you to use it on the games that you love playing.
Other types of online casino bonuses
Bonuses are the thank you notes from the casino with bonus, for choosing and staying loyal to them thus they come in varieties to keep you hooked, you will, therefore, find other types of bonuses such as the refer a friend casino bonus, though not common, players will be given a bonus when they refer a friend. We also have the high roller bonus, and these are given to the enthusiasts who deposit more money in a bid to play more.
The payment casino bonus, most online casinos are into ensuring the safety of their client’s money and to cast a damper to the online crooks, they would only accept payments through a specific method, and most of the time it is the e-wallet payment method. So with this option, you will be given an additional bonus and the welcome bonus if you use the specific payment method.