UNDERSTANDING HOW ONLINE CASINO BONUSES WORK
Online casinos give players different types of bonuses after they redeem the necessary code. These bonuses, usually ranging from £/$10 to £/$100, increase your ‘Balance’, which consists of ‘Cash’ and ‘Bonus’. However, some casinos might ask players to register their debit card details to take advantage of these bonuses.
Casino bonuses always carry wagering requirements (WR) which you must meet before converting the bonus into cash. If you deplete the bonus without meeting the WR, the casino doesn’t obligate you to stay. This approach makes casino bonuses risk-free for players. Moreover, if you decide to stay, you can claim a ‘Welcome Bonus’ or ‘Sign-up Bonus’ (SUB) and take part in other ongoing promotions.
As a registered player, you can make deposits using a variety of payment methods. Ultimately, the decision lies entirely with you, the player.
MEANING OF WAGERING REQUIREMENT IN CASINO BONUSES
Wagering requirements are the rules you must strictly follow to convert your bonus into cashable winnings. For example, a 25x wagering requirement on a £/$25 bonus means you need to bet £/$625 to convert the bonus into cash.
Different games contribute to the wagering requirements at different rates. Always make sure to read the specific terms and conditions of each No Deposit Bonus. Some bonuses might also have a cash out limit.
TERMS AND CONDITIONS OF CASINO BONUSES
Casino bonus terms and conditions specify on which games you can wager the bonus. They call this ‘Wagering Contributions’, and you can find a list of permissible games in the site’s T&Cs.
However, casinos often establish cash out limits to protect themselves and prevent bonus abuse. If you have £/$100 after meeting the wagering requirement, and the cash out limit is £/$50, you can only keep £/$50.
TYPES OF CASINO BONUSES
Casinos provide No Deposit Bonuses as free gifts, usually small amounts in the 10-20 range. To claim this bonus, you need to register on the casino’s website.
In contrast, Sign Up Bonuses are percentage-based. Typically, the casino matches your first deposit by 100%, effectively doubling your initial amount. You must also wager this bonus a certain number of times before you can convert it into cash.
CAN I KEEP MY CASINO BONUS WINNINGS?
Depending on the type of bonus, you can cash out the bonus once you meet the wagering requirements. If it’s a No Deposit Bonus, the casino might cap your winnings at a certain amount. With a standard Sign Up Bonus, however, the casino adds all winnings beyond the wagering requirements to your balance and they become fully cashable. So, these bonuses can be quite beneficial if you’re hoping to win real cash instead of just playing slot games in Fun mode.