The online casino industry is one of the most profitable industries worldwide, and part of that profit can be traced back to the use of the casino bonuses. Online casinos have many types of bonuses, wagers, and terms and conditions. Let’s see how online casino bonuses work, from free spins to wagers and more.
Minimum deposit is $20 and there is no cap on withdrawals.
To be eligible for this promotion, you must make a minimum deposit of $20.
There is no maximum cash out for this offer. However, there can be further restrictions in effect, such as a universal win cap or withdrawal cap that applies to every player in this casino.
In order to clear the bonus and be able to withdraw your winnings, you must wager 40 times the value of the bonus.
For instance, if you deposit $100 and receive a $100 bonus, you must bet a total of $4,000 ($100 * 40) before you can request a withdrawal.
Certain game types contribute less to the wagering requirements than others: Table games 5%, Live games 5%, Video poker 5%, and Slots 100%.
The deposit and bonus amounts are locked together. Your deposit and the bonus sum are combined to create a balance of bonus cash that can only be transferred to real money after meeting the wagering requirements.
a $5 maximum wager
When using bonus money, you can only place bets of $5 or less. The casino has the right to seize your winnings if you violate this regulation.
$20 is the minimum deposit required. Unlimited cashouts are permitted. Payment options excluded: Skrill and Neteller
To be eligible for this bonus, you must make a minimum deposit of $20.
There is no maximum cash out for this offer. However, there can be further restrictions in effect, such as a universal win cap or withdrawal cap that applies to every player in this casino.
You won’t be eligible for this offer or your gains can be reversed if you make a deposit using Skrill or Neteller.
To clear the bonus and be eligible for a withdrawal of your winnings, you must wager 35 times the combined amount of your bonus and deposit. For instance, if you deposit $100 and receive $100 in bonus money, you must bet a total of $7,000 ($200 * 35) before you can request a withdrawal.
Certain game types contribute less to the wagering requirements than others: Slot machines, bingo, keno, scratch cards, video poker, live games, table games, and jackpot games all have a payout percentage of 100%.
$5 maximum wager
When using bonus money, you may only place a maximum stake of $5. The casino has the right to seize your winnings if you violate this regulation.
A minimum of $10, Uncapped cashouts are permitted.
To be eligible for this promotion, you must make a minimum deposit of $10.
There is no maximum cash out for this offer. However, there can be further restrictions in effect, such as a universal win cap or withdrawal cap that applies to every player in this casino.
Wagering specifications Bonus of 30x (restrictions apply)
Before you may withdraw your earnings, you must wager 30 times the value of the bonus.
For instance, if you deposit $100 and receive a $100 bonus, you must bet a total of $3,000 ($100 * 30) before you can request a withdrawal.
Certain game types contribute less to the wagering requirements than others: Slot machines: 100%; roulette; blackjack; video poker; baccarat; live games; poker; craps and dice; 5%; 5%; and slots; 100%.
Maximum wager: $10
When using bonus money, you can only place bets of $10 or less. The casino has the right to seize your winnings if you violate this regulation.
Minimum deposit is $20 and there is no cap on withdrawals.
To be eligible for this promotion, you must make a minimum deposit of $20.
There is no maximum cash out for this offer. However, there can be further restrictions in effect, such as a universal win cap or withdrawal cap that applies to every player in this casino.
In order to clear the bonus and be able to withdraw your winnings, you must wager 40 times the value of the bonus.
For instance, if you deposit $100 and receive a $100 bonus, you must bet a total of $4,000 ($100 * 40) before you can request a withdrawal.
Certain game types contribute less to the wagering requirements than others: Slots at 100%, jackpots at 0%, live games at 0%, and tables at 0%.
a $5 maximum wager
When using bonus money, you can only place bets of $5 or less. The casino has the right to seize your winnings if you violate this regulation.
The procedure for receiving this incentive should be rather quick. Bonus lapses after 14 days.
In order to clear the bonus and be able to withdraw your winnings, you must wager 40 times the value of the bonus.
For instance, if you deposit $100 and receive a $100 bonus, you must bet a total of $4,000 ($100 * 40) before you can request a withdrawal.
Certain game types contribute less to the wagering requirements than others: Slots at 100%, Blackjack at 5%, Roulette at 5%, Video Poker at 5%, Baccarat at 5%, and Live Games at 0%.
the $1 maximum bet
When using bonus money, you can only place bets of $1 or less. The casino has the right to seize your winnings if you violate this regulation.
$10 minimum deposit Unlimited cashouts are permitted. Payment options not accepted: PaySafeCard, Skrill, and Neteller
To be eligible for this promotion, you must make a minimum deposit of $10.
There is no maximum cash out for this offer. However, there can be further restrictions in effect, such as a universal win cap or withdrawal cap that applies to every player in this casino.
You won’t be able to use this offer or your winnings might be reversed if you make a deposit using PaySafeCard, Skrill, or Neteller.
To clear the bonus and be eligible for a withdrawal of your winnings, you must wager 35 times the combined amount of your bonus and deposit. For instance, if you deposit $100 and receive $100 in bonus money, you must bet a total of $7,000 ($200 * 35) before you can request a withdrawal.
Certain game types contribute less to the wagering requirements than others: Table games receive 0%, video poker 0%, and slots 100%.
To be eligible for this promotion, you must make a minimum deposit of $10.
There is no maximum cash out for this offer. However, there can be further restrictions in effect, such as a universal win cap or withdrawal cap that applies to every player in this casino.
To clear the bonus and be able to withdraw your earnings, you must bet 25 times the amount of your deposit.
For instance, if you deposit $100 and receive a $100 bonus, you must bet a total of $2,500 ($100 * 25) before you can request a withdrawal.
Certain game types contribute less to the wagering requirements than others: Slot machines: 100%; roulette; blackjack; video poker; baccarat; craps; and 10% each for roulette and blackjack.
$5 or 29% of the current bonus value is the maximum bet (lower value applies)
$10 minimum deposit; $2,000 maximum cash withdrawal Skrill, PayPal, ecoPayz, Neteller, and PaySafe are not accepted as forms of payment.
To be eligible for this promotion, you must make a minimum deposit of $10.
You are only permitted to withdraw up to $2,000 in total from this bonus. If you win more, the excess money will be thrown out.
You won’t be qualified for this offer or your earnings can be reversed if you make a deposit using Skrill, PayPal, ecoPayz, Neteller, or PaySafe.
wagering specifications Bonus of 40x (restrictions apply)
In order to clear the bonus and be able to withdraw your winnings, you must wager 40 times the value of the bonus. For instance, if you deposit $100 and receive a $100 bonus, you must bet a total of $4,000 ($100 * 40) before you can request a withdrawal.
Certain game types contribute less to the wagering requirements than others: Roulette 5%, Baccarat 0%, and slots 100%.
$5 or 25% of the comparable deposit is the maximum bet (lower value applies)
There are many types of online casino bonuses to enjoy. Some casinos offer more than others, depending on terms and conditions, but some common types are a no-deposit bonus, a free-spins bonus, and a welcome bonus. These are the standard bonuses offered.
Each bonus fits each person differently. For example, you might get the no-deposit bonus if you’re not one to take many risks. If you prefer playing slots, you’ll love the free-spins bonus. Just be sure to read the terms and conditions before accepting a bonus.
Here are some of the more popular types of online casino bonuses.
Free spins
A free spins bonus is commonly found in slots. You can receive batches of 20, 30, 50, or even 100 free spins.
No deposit bonus
A no deposit bonus is given to players without any depositing requirements. This bonus is used to attract new players.
Casino welcome bonus
A welcome bonus is the most common bonus found in online casinos. Known as a sign-up bonus, it’s a mix of free spins and deposit bonuses for new players.
Reload Bonus
A reload bonus is similar to a match up bonus except that it’s given to existing players only. Match up bonuses can be given to new players.
Cashback bonus
When playing at an online casino, there’s a chance you’ll lose. A cashback bonus can cover your losses. This bonus is given daily, weekly, or monthly.
High roller bonus
A high roller bonus is given to players who make considerable deposits to their accounts as a percentage of those deposit amounts.
How deposit bonuses work?
Whatever bonus you use, you’ll have extra money for betting. To know more about casino bonuses, here’s a step-by-step guide on how they work and what to do.
Sign up with an online casino.
This is the most obvious step to getting a bonus, but it’s not easy. There are many online casinos, so you’ll have to research to see which one fits you best. The best research is by looking at a casino’s terms and conditions. Once you choose a casino, you’ll have to register with your real information. This process usually takes a few minutes. You’ll need your ID, proof of residency, email address, and more. Then, click the confirmation link in your email to get started.
Make a deposit.
Once you’ve signed up, you’ll have to make a deposit. How else can you receive a bonus? When you make that first deposit in your casino account, you’ll be eligible for a first-deposit bonus or reward (unless stated otherwise). Some online casinos require an opt-in order before you claim it, but that depends on terms and conditions. If you don’t click the option to claim your bonus upon depositing, you’ll never be able to claim it again.
Play!
This is also an obvious step. Online casinos are known for their games; what else are you supposed to do there? Depending which online casino you’ve signed up with, there could be hundreds to choose from. From slots to table games, you’re bound to have fun. When picking a game, see whether you can accept your bonus there before playing it. Some games have different ways of giving out bonuses.
Wager the bonus.
When playing, a bonus gives you more credit. Of course, there are some wagering requirements for your bonus. Wagering requirements are the total number of times you’re required to bet your bonus money before you can claim it as your own. They’re always based on how much you’ve deposited at the online casino. Most wagering requirements don’t exceed 50x the bonus. Almost every bonus has a wagering requirement and conditions. You can’t cash out any received funds without wagering your bonus.
Receive the bonus.
Once you’ve cleared your bonus wagering requirements, you can ask to cash out any winnings. All you need to do is click the “withdraw” button. The amount will then land on a separate screen. After that, you’ll have to enter your bank details and the amount to be paid out. The amount of money you’ve won will arrive in your account within a short amount of time.
What is a bonus balance in an online casino?
Some casinos will add a bonus balance to another balance. A bonus balance is free money you receive after claiming a bonus. The online casino separates that balance from the real money so it’s easier to see how much you have left from your bonus to meet the wagering requirements.
The bonus balance must be wagered however many times the casino has specified. The money you win while playing with it will then be added to your real money bonus. You can withdraw soon after you meet the requirements.
Casino bonuses for specific games
Just like there are different types of bonuses, there are also different online casino bonuses for specific games. You can find a different kind of bonus in almost any game. From live casinos to slots, here are the top casino bonuses for specific games and how they stand out.
Live dealer promotions
Live casinos often use specific bonuses for the games like blackjack. Some casinos will provide $25 in free play for any loss.
Deposit bonuses for slot games
Since slots are the most common type of casino game, you can expect to receive some free spins on most of them.
Pros and cons of bonuses
Now that we’ve explained the different types of bonuses and other details, it’s time to analyze the pros and cons of bonus. Like other things, casino bonuses have their shining moments and flaws.
The first pro of a bonus is, of course, the bonus cash. Who doesn’t like getting extra money? Bonus cash can come in any form – welcome bonuses, reload bonuses, loyalty program, you name it!
Even without the extra cash, you can still get something for free, like a few spins. They can be given as part of a welcome bonus or reward.
However, there are some flaws to casino bonuses. The biggest one is the wagering requirements. These limit you to a certain number of bets before requesting a withdrawal.
There’s also an expiry date on casino bonuses. You’ll have to hurry up and use yours as quickly as possible.
Casino bonuses terms and conditions to look out for
Wagering requirements
Wagering requirements limit you to a certain number of bets before requesting a withdrawal. That means you have to play some before claiming your money.
For example, if you get a $100 bonus with a 40x wagering requirement, you have to bet $4,000 if you want to withdraw related winnings from your account.
One casino bonus per household
Online casinos usually recognise one household during registration. Therefore, if there are two accounts in the same household, only one will be able to receive a bonus. If someone of the same household tries to evade that rule via a VPN, their account could get closed or shut down. This rule is set in place for legal and safety reasons.
Restricted games
Despite the prosperous online casino industry, not every casino game or online casino is available to everyone. The best bonuses Canada has to offer may not be available in some games. Likewise, not every game will offer some types of casino bonuses. For example, live casinos are not usually known for offering free spins as the slots do.
Betting limits
Betting limits are the minimum and maximum amounts you can bet on a particular game. Every casino sets a limit for certain games for a fair and equal betting environment. At players’ requests, some limits can be tailored.
Maximum win
A maximum win is the highest amount of money you can earn in a particular game. Much like betting limits, many casinos set a maximum win so players can experience a fair and equal betting environment. If someone wins too much, other players won’t be able to experience much of a win for their liking.
Withdrawal limits
Withdrawal limits are set up to put a cap on the amount you can withdraw in a single transaction. If you exceed the limit, you’ll have to wait until you can withdraw again. Most casinos have withdrawal limits for their financial stability. Some casinos have three types of withdrawal limits – daily, weekly, and monthly. These give the casino time for other players to place bets while recovering losses.
Deposit methods
Every casino has at least a couple of methods for depositing. The three most common types are credit/debit cards, e-wallets, and bank transactions. Some deposit methods make payment anonymous and convenient and let you withdraw high amounts. However, you’ll have to deal with exchange rates and fluctuating currency, so make sure you understand the terms and conditions.
