Bonuses and Wagering Requirement

Online Casino Guide PhotoThanks to the many leading online casinos, the online gambling industry is rapidly expanding. The demand for online games is on the rise as more and more players opt for this type of entertainment. It is no surprise that this is the case since online casinos offer a number of advantages. Without doubt, one of the best things about these casino websites is that they feature various types of bonuses, some of which are even exclusive to online users. If you take advantage of these special deals, you will be able to enhance your gambling experience significantly and have a great time without even having to leave your home.

Thanks to the available bonuses the online casinos offer, you can enjoy your favourite game for much longer. In addition, in skill-based games such as blackjack, in order to manage to apply your strategy correctly and make a profit, you need to be able to stay long enough in the game until a winning streak occurs. At first glance, all types of bonuses seem like nothing but a brilliant way to boost your casino balance. However, this is not always the case as every available bonus has wagering requirements which determine to a huge extent whether it is truly beneficial or not.

Types of Casino Bonuses

Since online casinos offer various deals and bonuses to allure as many players as possible, it is no wonder that there are several types of bonuses available in almost every casino website. Even though every online casino features exclusive promotions and bonuses, there are several types which are universal as they are offered by almost every casino website. They include Welcome Bonus, No Deposit Bonuses, High Roller Bonuses, Refer-a-Friend Bonuses, Regular Bonuses, Preferred Payment Bonus and others. Generally speaking, there is a suitable bonus for all types of players, regardless of their betting habits and gaming style.

Welcome Bonus

The Welcome Bonus or otherwise known as Sign-up Bonus, is undoubtedly the most widespread type of bonus. As its name indicates, this bonus is available exclusively to new players when they join the casino platform for the first time. In order to be able to take advantage of it, you are required to make a deposit whose minimum amount is usually set in advance. Depending on the terms and conditions of the bonus, it can apply either only on your first deposit or on your first three or four deposits.

This type of bonus is usually shown in percentages along with the maximum amount you are able to get from it if you manage to meet the set requirements. For instance, some online casinos offer a welcome bonus of 100% up to £300, meaning that if you deposit £100, the casino will give you the same sum as a bonus. This type of bonus is also known as a Match Bonus due to the fact that it matches the amount of your first deposit.

Casino Welcome Bonus Photo

No Deposit Bonus

Another very popular type of bonus that is offered by various online casinos is the No Deposit Bonus. As its name hints, in order to take advantage of it, you aren’t required to make any deposit. The amount of these free funds depends on the casino of your choice, but in general it is much smaller than in the welcome bonus since you don’t have to deposit any money. Thanks to this type of bonus, you are given the opportunity to try the respective online casino and determine whether it suits your needs or not without risking your own funds.

High Roller Bonus

It is fairly easy to guess the meaning behind this type of bonus as its name is quite transparent. In general, it is suitable for players who have the means to deposit a substantial amount. Usually, the required amount is around £1000-£1500 and in some cases, it is worth investing so much money as later on the same sum is added to your casino account. If you are an avid player whose betting style is more extreme, this bonus is a great way to double your initial funds.

Refer-a-Friend Bonus

With this type of bonus, the online casinos aim at promoting their website and attract more players. If you invite a friend who is willing to register and make a deposit at the respective online casino, you will be rewarded with a particular amount. This way, you have the opportunity to not only play a casino game with your friends but also get some money for doing so.

Refer a Friend Bonus

Bonuses Related with Payment Methods

Another available bonuses are the ones that are related with the payment methods the respective online casino offers. Some online casinos prefer to process players’ funds for one reason or another by using a particular payment solution. As a result, they encourage their online users to opt for the respective payment method by offering them a bonus. Therefore, it is a good idea to check these payment methods beforehand in order to decide whether you can use them in order to receive the bonus.

Regular Bonuses

Some online casinos offer bonuses on a regular basis, meaning that at a particular time every week or month you are able to take advantage of them. Furthermore, if you are a regular customer, the chances that you will be sent special offers on your email regularly are quite high. In general, the more you play real-money games, the more you will be eligible to exclusive bonuses. For the players who frequently place substantial bets, most online casinos organize special events and VIP programmes as a gesture of appreciation.

Wagering Requirement & Terms and Conditions

As already mentioned, every bonus the online casinos offer, has the so-called wagering requirements, also known as play through requirements. The terms and conditions of the respective bonus are also another important aspect which you should always consider. The wagering requirements vary, depending on the online casino and the type of the bonus. They can be viewed as a way for the online casinos to protect themselves from dishonest players or in other words, the gamblers who are willing to abuse the system.

You will be able to withdraw your bonus only if you manage to meet the wagering requirements. In some cases, before you can get your bonus, you are required to wager the deposit amount as well as the bonus amount. There are also bonuses whose amount cannot be withdrawn as they can be used for playing only. It is indicative that such strict conditions render many bonuses disadvantageous.

Therefore, it is really important to consider the play through requirements in advance. For instance, if the play through requirement of a particular bonus is set to 30x and the bonus amount is £150, you are required to wager 30 times the amount of the bonus in order to withdraw it. In this sense, the lower the wagering requirement, the better.

It should be noted that not all games contribute to the play through requirements in the same way. This is another subtlety which you should take into account so that you can play the games that are the most beneficial in this aspect. Usually, this valuable information is included in the terms and conditions of the respective bonus.

Also, bear in mind that some bonuses have an expiry date, meaning that after the set time runs out, you will be deprived of the respective bonus. Some online casinos even offer bonuses which are valid over a very short period of time – only for an hour or for the day. Therefore, it is essential to pay attention to all aspects of the respective bonus in order to avoid any misunderstandings.

FAQ

What are sticky bonuses?

Sticky bonuses are bonuses that you can use to place bets but you cannot withdraw. The biggest advantage of sticky bonuses is that they give you the chance to complete your wagering requirements much easier as you have more funds to spend. There are two types of sticky bonuses. The first type enables you to withdraw all of the winnings you have generated thanks to it and after that, the bonus is no longer available to you. The second type enables you to cash out your winnings, but after this process, it is not removed from your profile. This bonus can be used even if you have requested a withdrawal which makes it more beneficial.

What are cashable bonuses?

Cashable bonuses are the opposite of sticky bonuses – you can withdraw the bonus amount. However, in order to do so, you have to meet several requirements such as the wagering requirements. Needless to say that it is extremely important to also make sure that you comply with the terms and conditions of the respective bonus. If you fail to do so and you request a withdrawal, it is possible that not only the bonus but also your winnings will be voided.

What are casino comps?

The word comp is the abbreviated version of complimentary and it basically means extra perks that casinos offer players as a gesture of appreciation for being their customers. The comps you will get while playing depend on your betting level as well as the length of your gaming session. For players who know how to make the most of every game, comps can be extremely beneficial as they can reduce the house edge greatly.

Blackjack is among the games which can bring you the most in comps. In order to be able to receive comps, you need to get rated by the respective casino. For this purpose, you have to possess a special player’s card which you have to hand to the dealer at the beginning of your gaming session. It should be noted that every casino has its own policy regarding these types of incentives which is the reason why the value of your comps might differ from one gambling establishment to another.

What is a wagering requirement?

Every casino bonus has a wagering requirement which you need to meet in order to be able to cash out the winnings from it. It indicates the total amount of all bets that have to be put before you can withdraw your bonus or winnings. Most casinos have wagering requirements of 20x or 30x, meaning that in order to release the bonus in your account, you need to bet respectively 20 or 30 times the bonus amount and in some cases, the deposit amount as well.

Do all casino games contribute in the same way towards the wagering requirements?

No, they don’t. Each type of casino game contributes differently towards the wagering requirement of the respective bonus. For instance, Slots have a 100% contribution, whereas games such as Casino Hold’em and Blackjack – only 5%. Other casino games such as Roulette and Video poker also don’t fully contribute as usually, their contribution percentage is also below 100%. The exact terms and conditions of the bonus strictly depend on the casino of your choice and thus, it is best to read them carefully in advance.