Casino Bonuses Explained
Whether you’re a seasoned veteran, or completely new to the online gaming casino world, Casinowhizz.com knows what it takes to find a new site that is right for you. Most of us don’t always have the time to shop around for the right “fit” in a casino, especially when it comes to its bonuses and online promotions. This is where we come in. We’ve compiled a list of casino bonuses that fits your needs. No more guesswork it’s as simple as that!
All in all it’s safe to say that we’ve done our due diligence, we separated the contenders from the pretenders. Let’s face it do you really want to nitpick the fine print, game selection, which bonus is the best and most importantly…are they trustworthy? We think not.
Here is a rundown of our casino bonuses:
Known as the sign-up bonus it’s common for casinos to offer it to first time depositors. The welcome bonus entails a matching or percentage of your deposit for free; it’s a nice way to give you extra cash to play your favorite game or maybe try your hand at a new one.
No Deposit Bonus
A popular bonus casinos use to entice new players to sign up (no cash needed) and on top of this players receive free credits every time they play.
Who doesn’t like free spins? This type of bonus is common on slot plays, it gives you a chance to win prizes and in some instances money. Free Spins can also form part of the casino’s welcome bonus package. For example, Casino X is running a new slots promotion that entails a bonus of 150% up to $200 coupled with 50 free spins on RTGs Panda Magic. If a player accepts the 50 free spins the maximum amount of cash that can be won with it is between $50 to $100. Remember, the free spins’ terms and conditions differs from the welcome bonus’ terms.
Free Bonus Play
Similar to the No Deposit Bonus, this promotion (no deposit needed) gives you free money to try out the operator’s newest slot releases with ‘little risk’. But, it comes with a limited amount of play clause. For Example: You must use your $100 free bonus money within a 12 hour period otherwise it expires.
High Roller Bonus
Designed for players who like to bet big. High roller bonuses have lower matching percentages but the reward is bigger on the actual amount you can claim. They’re usually sticky bonuses meaning once the player completed the wagering requirement (WR) attached to the bonus, the bonus funds will be deducted from player wins.
The reload or re-up bonus is the casino’s way to retain their customers by giving them back a percentage of each deposit they’ve made. The percentage on these tend to be lower than the welcome bonus.
Re-load bonuses are given at the start of each new calendar month on a selected slot machine. MYB Casino is running a reload bonus of 75% up to $750 for active players. Before you can qualify for the bonus you must deposit $100 or more, use the promo code (MYBC75) and withdrawals will be allowed once the play-through of 30x the bonus plus the deposit is completed. This is the gist of the bonus terms attached to the reload bonus.
With the countless number of casinos online serving the U.S Market, they all want your business and along with it… your hard-earned dollars. To entice new customers to sign up and play, casinos will throw the kitchen sink at you in the form of bonuses, promotions and whatever other clever idea they can think of. What may sound appealing at first may not be in the long run.
Common terms and conditions you must understand:
“The Rollover”: In a nutshell, before you can cash out your winnings, you will have to put some work in, this is known as the rollover requirement. This often requires a player to bet the bonus amount 30x before a cash out is given.
You are given a 50% bonus on a 30x wagering requirement. You deposit $100 into the casino and receive $50 in return, instead of play with just $100 you can now play with $150. A 30x the bonus means 30 x $50 = $1,500. Not bad but now you must wager $1,500 before you can collect on any winnings.
You receive a 50% bonus with a 10x wagering requirement on BOTH the bonus and deposit. You deposit $100 and get $50 as a bonus, your new bankroll balance at the casino totals $150. 10x the bonus plus deposit is 10x ($50 + $100) = $1,500. Initially it seems reasonable but ends up being the same as the previous scenario.
Game Contributions (Weightings)
Each USA online casino has a different wagering requirement or weighting on its games. Whereas some games contribute 100% towards the wagering requirement (Slots, Keno, Scratch Cards and Bingo), others like Video Poker and Table Games have a lower contribution towards the wager requirement (5% to 10%)
For the most part a table game like roulette has a game contribution of 20%, what does this mean? If you wager $100 on Roulette with a weighting of 20% it means 20% of $100 equals $20. Your contribution towards the bonus wagering requirements is only $20, whereas Slots counts 100% towards the play-through.
The casino stipulates that you have a limited amount of time to complete the wagering requirement attached to the bonus offer. If a player fails to complete the WR within the allotted time period, the bonus and the funds he or she has won with it expires.
Although it’s your cash most casinos enforce a cap, in other words only a certain amount of cash can be withdrawn. Here’s a shining example, the casino gives you a $10 bonus, you turn that $10 into $700. Unfortunately the casino only allows $200 to be won on a bonus. In short, you are out $500 in winnings.
Some operators like to place a cap on their progressive jackpots too. Let’s say progressive wins are tied into the casino’s weekly withdrawal limit of $4,000, if the player won $40,000 he’ll be paid in full within 10 months (installments of $4,000 per month). This is why you must double-check the casino’s terms before you play just to make sure that there are no hidden surprises.