There are many benefits to playing at an online casino instead of a brick-and-mortar one. Players can enjoy a larger selection of games on offer, have the possibility of trying their luck on their favorite games wherever they happen to be, and explore the range of bonuses and promotions on offer. The last point is what we are going to focus on in this article.
What is a Casino Bonus, and Why Are they Offered?
A casino bonus is an additional money or free spins given to players on the house. Depending on the kind of bonus you encounter, they can be offered to both new and existing players in the shape of a sign-up package, a loyalty promotion, or a reload bonus.
So, why do online casinos opt to offer such bonuses? This is because the iGaming industry is one of the most competitive out there. There are many online casinos, with the number increasing all the time, which means that every online casino site has to try and stand out in a heavily saturated market. A good way to achieve this is by offering bonuses that are better than your rivals.
The Different Casino Bonuses
Since online casinos are always looking for ways to stick out, it will not be of any surprise to hear that there are many different kinds of bonuses that you can encounter. In this section of our guide, we will take a closer look at some of the main ones if you want to learn more about the following bonus types, bet in Ireland. ie have written a guide to help Irish punters find the coolest bonus offers for them.
When you sign up with any new online casino, you will usually see that they offer a Welcome Bonus, a deposit bonus. The terms can be used interchangeably, and such a bonus often comes in a match deposit. With match deposit bonuses, the casino will match the first deposit you place up to a certain value – some online casinos will also match your 2nd, 3rd, 4th, and 5th deposits.
For example, some casinos might be happy to match your initial deposit by 100% up to $1000. In this instance, if you were to deposit $1000 straight away, you would receive an additional $1000 in your casino account.
No deposit bonuses, as can be told from their name, can be claimed without depositing any money. All you have to do is open an account, and you will receive the bonus on offer. This type of bonus is very popular because it allows players to test out a site before committing to it.
As well as bonus cash, many of the best online casinos will also offer several free spins in their bonuses. For instance, you might have a bonus where you can claim up to $500 and 150 free spins. Sometimes, the available bonus will offer several free spins on a particular slot the casino wants to promote.
The Importance of Terms and Conditions
Online casinos have one main aim, and this is to make money. If they were to give out free money with no strings attached, they would go out of business quickly. As a result, bonuses will always have several terms and conditions attached to them, and you should read them before claiming a bonus.
One major term you need to consider is the wagering requirement attached to a bonus. This is the amount of money the online casino will require you to wager before you can request a withdrawal of any bonus money or winnings you have made. For example, if you claim $500 and there are 30x wagering requirements in place, you have to wager $1500 before withdrawal is possible.
Additionally, you need to check how many days you will have to clear the wagering requirements – usually, you will be given anywhere between 7 and 30 days to do so. If you fail, you lose the bonus money.
To claim a bonus, unless it is a no-deposit bonus, you will have a minimum amount that you will have to deposit. You must deposit the minimum amount on your first deposit to receive the bonus on offer. Certain payment methods such as PayPal, Skrill, and Neteller are also often restricted, so check out if that is the case.