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Online Casino Bonuses Explained
You will agree with us that over the years, the online casino bonus has been like a carrot and stick incentive that internet casinos offered to new players. Casinos roped in patrons with their bonuses under ‘false’ pretenses by adding top-heavy and complicated terms which were to the ultimate detriment of the player. Luckily those days are long gone.
The carrot is the incentive (bonus), and the stick is the bonus terms. Many players don’t read the fine print attached to the casino bonus and herein lies the problem. In this casino bonus guide, we are going to clarify why the casino’s welcome bonus is one of the best perks, discuss the various terms associated with it and the different bonuses first-time depositors can cash in on.
We want to give you the correct information concerning a bonus, and hopefully, enable you (yes you, the player!) to make an informed decision.
Why The Online Casino Bonus Is Good
The difference between the incentives given by online and land-based casinos are remarkable. Brick-and-mortar casinos focus a lot on the drinks, the ambiance, the interaction, the free meals, and maybe a free room. Web or online casinos, on the other hand, focus more on the player’s activity at the casino by rewarding active depositors with what matters: free spins, bonuses on deposit, reload bonuses, extra comps for playing specific games, rebates on money lost, and VIP programs.
What is the ultimate difference between the two?
The one is more player-focused while the other focuses more on the delights to awaken the players’ senses (scantily clad waitresses and free drinks). It’s way better to play a game from the comfort of your home and not be distracted by the things we’ve just mentioned, don’t you think?
Casinowhizz.com is in the trenches daily; we are fighting your battle for you! As former slots experts who are now connoisseurs at all things online casino, we feel obligated to be wholeheartedly honest with you, because our favorite slot games always came with a bonus attached to them. The online casinos listed by us are ranked by way of trustworthiness, reputation, licensing, software providers, random number generators, SSL’s, the size of their game libraries, and the perks they give loyal players.
What Makes The Online Casino Bonus Unique?
We can confirm to you that each operator is legally licensed and that their random number generators are certified by Technical Systems Testing (TST), one of the best out there.
The online casinos we promote list Bitcoin, XRP, Dogecoin, Ethereum, Bitcoin Cash, Litecoin, and fiat currencies (credit/debit cards, e-wallets) as deposit and cash out methods. An online casino bonus of 100% or 400% doubles or quadruples your budget.
Our Best Casino Bonus Is Not Given On A Whim
We know that playing at an online casino is not based on a wing and a prayer, but an intended gamble by you; and with all the regulatory policies flying about, it remains one of the safest ways to take a calculated risk with a bit of your hard-earned money. Before you can grab hold of that incredible bonus offer, there are a few things that must be done first:
- Choose an online casino that lists multiple games, preferably by many software providers (Betsoft, RealTime Gaming, Net Entertainment, Yggdrasil, Microgaming, Play N’ Go being some of the best).
- Choose a game from the different game categories (3D slots, classics, table games, video poker, progressives, Live Casino, Mobile Casino).
- Register an account by keying in your private details and have a look at the size of the bonus and its associated terms.
- The casino will ask you if you want to accept the welcome bonus. You must provide the ‘Bonus Code’ and tick the relevant box.
- Once you make the qualifying deposit of $20 or more and have clicked on ‘Enter,’ the bonus is credited to your account. If you are not sure where you can find the bonus information, click the ‘Promotions’ tab at the online casino’s website.
Online Player Casino Bonuses Types
The online bonus is the first incentive that operators offer customers. Most players love the match bonus because it increases their bankrolls by a substantial margin and they are easy to claim. Casinowhizz is going to break down the different match bonuses:
Percentage Bonuses (Match)
The match bonus is precisely what it says it is. It may be advertised by the casino as 250% up to $300. Whatever amount you deposit is thus increased by 250%. On a deposit of $200, it will be matched with a bonus of $500; your bankroll increases from $250 to $750. The ‘Up To’ bit means that the cap for the bonus is set at $300, meaning the deposit will not exceed this amount.
Sticky Bonus (Cannot Be Cashed)
The Sticky Bonus is the bonus that is used for play purposes only; it is usually a large bonus and comes with a massive match percentage. RealTime Gaming and Betsoft online casinos offer sticky bonuses to new players, and once they cleared the bonus terms, they are deducted from player wins.
Bonuses To Loyal Customers
The loyalty bonus is awarded to active players and comes in a variety of options. It can be an exclusive deal that commemorates a special occasion or new online slot machine release. The consensus is that active depositors receive loyalty bonuses one way or the other.
Welcome/Deposit Bonus
As the name implies, the welcome bonus is given to all new customers on their first deposit. No online casinos’ deposit bonus is the same; the most popular being 100% up to $200 bonuses. Sometimes the casino will throw in an extra bonus of 10% if the player deposits via an e-wallet or cryptocurrency (Bitcoin etc.). On a deposit of $100, the player gets an additional $100 to their bankroll ($200), plus an extra $10 (banking bonus).
No Deposit Bonus
Players like to dip their toes into the water before they deposit and what better way to do so than with a ‘no deposit bonus.’ It’s free money on the house that costs nothing and a great way to play new slots for free. For example, if the casino offers a ‘no deposit bonus’ of $10 or 5 free spins, the player can use it to try out the mechanic of new slots before depositing real cash, and they get to keep their winnings.
Sometimes the casino compels them to deposit money before they can withdraw the cash they’ve won with the no deposit bonus. Be cautious though, because the ‘no deposit bonus’ can be bogged down by excessive terms (maximum cash wins or wagering requirements) which nullifies its purpose.
Free Spins
Online casinos have a fondness for a free spins bonus! This is because they are mostly geared towards slots. Each slots has a captivating theme, exciting bonus rounds, beautiful graphics, and RTP’s above 96%. Casinos award free spins to loyal players and/or to celebrate a new 3D slot release or on special holidays. As much as we like the free spins bonus, we have our reservations about it since it has play-through requirements and only a fraction of cash can be won with it (maximum win limit).
A Bonus For Every Friend Referred
For every friend or family member that a player refers to the casino, the player receives a bonus or some cash. Before the referring player can benefit from the bonus, the referred friend must deposit real money and be an active player at the casino.
Cash Back Bonus (Rebate on Losses)
This is a great incentive from the online casino which is awarded to active players by giving them a match percentage (10% to 15%) on their previous day’s, week or month’s losses. If the player has lost $100 on slots, he or she is entitled to $10 with no wagering requirements. The rebate on the losses is tied into the players’ VIP status too; so the more he or she deposits and loses, the bigger the cashback reward on the money lost.
Rules To Qualify For An Online Casino Bonus
Like all good things in life, there is no such thing as a free lunch, and the same scenario applies to the casino bonus. Before you can qualify for the online casino’s bonus, three essential factors must be addressed:
1. Legal Age For Gambling Online
You must be at least 18 years if you play at a European online casino. Players from the United States must be 21 years or older. Each country carries its own rules regarding minimum age when it comes to gambling online, so please make sure you are familiar with your country’s gambling legislation before you deposit.
2. Registering A Casino Account
The next step in the casino process is to register an account by providing a valid identification document, e-mail address, residential; and banking details.
3. Deposit Real Money
To qualify for a bonus, you must make a deposit and tick the appropriate banking option you’re going to use as a deposit and withdrawal method.
Wagering Requirements and Fine Print for Online Casino Bonus requirements
You should always read the appropriate terms and conditions of an online casino before you go ahead and use any of the bonuses the casino has on offer. Ensure you know what the wagering requirements at that specific casino is concerning the collection of the bonus. The video below also explains how wagering requirements work at online casinos.
An Explanation of the Wagering/Play-Through
The wagering requirement, rollover or play-through is the casino’s way of telling you the value in bets you must make before bonus funds are released. A welcome bonus of 100% up to $300 can have a WR (wagering requirement) of 20x, 25x or 30x. If a bonus is 30x and you deposited $100, the bonus you receive stipulates a WR amount of 30x$100=$3,000 in bets allowed on a slot machine.
If your average stake per spin on slots is $1 and you wagered $20 on 20 spins and won $15, the $20 you wagered counts towards the WR. Table games like blackjack, roulette and video poker count only 10% towards the play-through because they favor the player. To clear a bonus, you must make way more bets, and this is why we don’t recommend you use the welcome bonus to play table games or video poker; just use it to play slots.
To explain matters further; if the WR is 20xd(deposit)+b(bonus), then the calculation is slightly more complicated, and the player must roll over more cash before winnings, and then only bonus funds can be withdrawn. As an example; the bonus advertised by the casino is 100% up to $250. You accept it and deposit $200. The bonus calculation total looks like this: $20x$200+$200=$8,000 (amount of bets in spins that must be made). To simplify it; your deposit was $200, and the bonus is $200, so as you can see, the WR is significantly higher.
Is a bigger bonus better?
Not always. Some casinos catch players with the wagering requirements attached to it; bigger bonuses usually have steeper wagering requirements. This is why you must check the WR attached to it before you accept it. Another reason why online casinos add bonus terms is that some players abuse the casino’s generosity.
Casino Bonus Game Contribution
The bonus has various weightings. For example, slots contribute 100% (weighting), and a $1 bet on a slot machine counts $1 towards the rollover.
When you play blackjack, it usually contributes 20% or $0.20 toward the bonus wagering. Let’s say you decide to use your bonus funds to play video poker that has a weighting of 10%. If the bonus is 100% up to $300 with a wagering requirement of 30xb and you deposit $300 the formula looks like this: 30x$300=$9,000/10%. You must bet $90,000 before you can withdraw the money you’ve won.
Scrutinizing the terms and conditions of the bonus, especially the weighting of each game is of fundamental importance; we cannot stress this enough. Based on each calculation, be it for slots, table games (blackjack or roulette) or video poker, the weighting attached to each makes a considerable difference. Should you make use of bonus funds to play slots, that is great (100% weighting)! If not, instead use your own money to play a table game or video poker rather than the casino’s because their weighting is very steep.
Casinos Bonus Frequently Asked Questions
Is the bonus of an online casino worth the trouble?
The bonus given to you by an online casino increases your bankroll by quite a bit. With that being said, it has a lot of terms such as maximum bet per spin that must not be exceeded (usually $5), can have a maximum win limit, only certain games can be played with it, and so forth.
Are there free bonuses?
Yes, there are. A bonus can be anything from free spins to a ‘no deposit bonus.’ They are small amounts given to first time players to try out a new slots release with minimal risk.
What are the best and latest online casino bonuses?
The best bonus does not have excessive wagering requirements (40xb), has a match percentage of 100% up to $300 (24K Casino) and requires a small deposit of $20 or more to qualify for it. Anything more than 200% is a risk because the WR usually is higher. Casinowhizz’s top 5 tables of online casinos have some of the best deposit bonuses and promotions we’ve seen.
What must I do before I accept the casino’s bonus?
The best way is to compare the bonuses and terms of at least 5 different online casinos. We know it may be a complicated process, but it is the best and safest way. Have a look at the size of any bonus, minimum deposit to qualify for it, the wagering requirements, comps earned on it, maximum bet per spin allowed, game weighting and whether it is a cashable or sticky bonus.