Casino Bonuses - May, 2023
With most online gambling websites being relatively similar, operators are going to great lengths to stand out from the rest. This is where bonuses come in. These are promotions that are meant to convince you to choose a particular website based on the potential value that it may offer you. These are completely optional, of course, and you are not required to accept them. Still, it is not a bad thing to be informed about what you can get.
There are many different types of bonuses out there and below you will find the most common types. Each is slightly different from the next, but all of them have the potential to be very beneficial to you.
The Welcome Bonus will likely be the first promotion that you are offered once you open an account with the gambling website. This bonus is usually the most generous and will offer you the most value. It is meant to be a fitting introduction to the casino or sportsbook, allowing you to play for longer periods of time and giving you the chance to make some additional cash while you are at it.
Welcome Bonus offers usually include some form of deposit match and something along the lines of free spins on slots at online casinos or risk-free bets at sportsbooks.
Best Welcome Bonuses
No Deposit Bonus
No deposit bonuses are exactly what they sound like. These are promotions that are extended to you upon first registering at a gambling website. This bonus is granted to you without the need to make a deposit and you can use it to place bets as you see fit. Generally, this type of bonus comes with some very strict rules. For starters, it is very likely to come with a much higher wagering requirement than usual, meaning that you would have to play more to be able to cash it in. Additionally, you will have to meet this requirement in short period of time, usually in one or two days, though it may be even less than that at some websites.
Finally, there will be a hard cap on how much you can benefit from this bonus, meaning that you cannot play over and over again with the same money. While this may not sound very attractive, you have to keep in mind that no deposit bonuses are meant to give you an idea of how the online casino works. They are not free money in any sense and should not be treated as such.
Best No Deposit Bonuses
Free spins are complementary free games on specific slots offered at online casinos. They are traditionally part of a particular promotion and are not offered by themselves. You will have to play these spins in a certain period of time before they are forfeited. The winnings from the free spins will be considered bonus funds and as such, they will be subject to the same rules as the other casino bonuses.
Generally, free spins are an excellent way for you to play a game and see if you like it, without actually having to use any of your own cash. The number of free spins that you can receive will greatly vary from casino to casino, therefore it is highly recommended that you read up on the available promotions at different casinos.
Please note, free spins from promotions should not be confused with free spins earned when wagering real money. When you play a slot game you may unlock a round of free spins every now and then. If the wager was made using your own funds, then the winnings from that round are not considered bonus money and are yours to keep and do with as you please.
Best Free Spins Bonuses
Naturally, offers do not stop with the Welcome Bonus and you will get to benefit from additional promotions.
Depending on how the website in question has set up their promotion system, you will receive tailored reload promotions via email or telephome. Alternatively, the website offers constant reload bonuses on each deposit, like in the case of EuroGrand online casino.
Best Reload Bonuses
Rebates on Losses
There is always the chance that fate may not be on your side every now and then. Luckily, there are websites which offer you cashback promotions on some of your losses. The way these systems work vary from website to website, but most often the rebates are available weekly or only one time.
In any case, you will get to recuperate some of your losses giving you the chance to make back some of your cash. Usually, you will receive back a portion of what you lost in the form of bonus funds, which will be subject to the standard bonus terms and conditions. Therefore, you will have to meet the set wagering requirement before you can withdraw this money.
Best Cashback Bonuses
Comp points are part of a loyalty program meant to reward those who are dedicated to a certain website. These are commonly found at online casinos, though they may appear in a similar form at other betting websites. Comp points are awarded every time you place a bet and can be exchanged for cash as they accumulate over time.
Each website has its own system regarding how points are distributed and therefore we cannot make any generalisations. Alongside comp points, there is typically a loyalty system with different tiers and with each higher tier, the points-to-cash exchange rate becomes more favourable.
Best Loyalty Bonuses
Risk-Free Bets are found at many sportsbooks and are usually available only one time. The way these promotions works is simple. You place a bet and if you lose the sportsbook will cover the cost of the bet. The money that you will be given is in bonus funds, though, and therefore subject to the bonus terms and conditions.
This type of promotion is especially beneficial as you basically have nothing to worry about. Most sportsbooks offer risk-free bets to new customers and may even extend similar promotions to long-term punters. Overall, this is one of the better bonuses and it should be taken into consideration.
The wagering requirement is not something that a lot of people consider when they claim a bonus but it is of vital importance. When a gambling website offers you a bonus it does not just give you free money. There are several rules that you have to adhere to before you can cash in that bonus. This is what is referred to as a wagering or turnover requirement. Essentially, you will be required to wager a bonus a certain number of times. For example, if you deposit £50 and receive a 100% bonus you will have £50 in bonus funds. With a wagering requirement of 25 times, you would be required to place £1250 (50×25) in bets before you are allowed to withdraw that bonus.
Some gambling websites are more strict with their wagering requirement than others, with placing higher turnover requirements or stating that you need to wager the combined sum of the bonus and the deposit. This varies from website to website, but the general rule is that you will have to place a lot of bets. It is also very likely that you will not be able to request a withdrawal of your real-money funds prior to meeting the wagering requirement without forfeiting any active bonuses.
There is no doubt that many virtual players enjoy betting online due to the generous bonuses they can often claim. If you are wondering which casino bonuses are the best and where you can find the most fruitful offers, you can head to BonusInsider. On this website, you will find information about the latest casino bonuses, as well as the promotions you can come across at bingo, sports betting and poker sites. BonusInsider will help you learn more about the type of incentives you can enjoy at gaming sites, and you will quickly recognize which offers will help you make the most out of your online gaming.
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What Is a Welcome Bonus?
This is a type of incentive that many gaming websites offer to their new members. More often than not, the Welcome Bonus of a website is activated after players make their first deposit at the virtual casino/betting site. Sometimes Welcome Bonuses may be comprised of several Match Bonuses or they can add free spins to the newcomers’ offer.
What Is a Match Bonus?
Simply put, when players make a deposit, the gaming/betting website will match the amount of their deposit with a bonus. For example, if you claim a 100% Match Bonus and you deposit $100, you will receive another $100 as a bonus, giving you a total of $200 to play with. A match bonus may be credited instantly after you have deposited into your gaming/betting account or you might be required to enter a promo code when making the deposit. You should always check the Terms and Conditions that apply to Match Bonuses as they will notify you about the minimum required deposit, the maximum amount of bonus you can receive and the wagering requirements you must meet.
Do I Need to Make a Deposit to Receive a Bonus?
Not necessarily. While many offers will allow you to claim a bonus only after you have topped your account, many gaming websites also offer No Deposit Bonuses. Those award free spins or bonuses which do not require depositing any amount of money. Make sure to always check the terms and conditions that come with No Deposit Bonuses as it is rare for online casinos to simply offer free money.
What Are Free Spins?
Often interactive casinos offer their members free/bonus spins. These may be given as a Signup Bonus, as part of a Deposit Bonus or as some sort of a casino promotion. The number of spins players can enjoy may vary and they might be available only on exclusive games or on all casino slots. Often, players must wager the winnings they earn thanks to free spins before they can be withdrawn.
What Is Cashback?
Some gaming and betting sites offer their members the chance to claim cashbacks. This is a type of incentive that will compensate you for your previous losses. This is usually a type of bonus that will restore a certain percentage of the money you have bet and lost on the casino games or sports bets. The wagers on which the cashback is calculated are often the bets you have lost during the previous week or month. There also might be a cashback offer that will apply to the losses on a certain type of game.
What Exactly Are Wagering Requirements?
You will notice that often bonuses and free spins come with wagering requirements. If you wish to withdraw your bonus funds and winnings, you will have to meet these requirements which can be different for every type of offer your claim online. Depending on the wagering requirements that the gaming site has determined for its offers, you may be asked to stake your bonus or the cumulative amount of your qualifying deposit and bonus a certain number of times. As for free spins, the winnings that have been accumulated thanks to them often must be wagered several times.
Does It Matter on Which Games I Wager the Bonus?
You will notice that often gaming websites state that not all games have the same contribution to bonus wagering. For example, in many cases, only stakes on slots count 100% towards the staking of the bonus amount. Often, some games are completely excluded from the bonus wagering contribution. This is why it is important to check the General Bonus Terms of the online casino where you play.
Will I Be Able to Claim Offer Other Than the Welcome Bonus?
It depends on the promotions each gaming website is offering. Often, virtual casinos have daily and monthly promotions that are constantly updated and can be claimed by all casino members. Gaming and sports betting sites often have VIP and Loyalty programs which offer exclusive bonuses to players and punters with VIP status. These usually include perks like birthday bonuses, special offers or VIP monthly cashbacks.
Why Is There a Bet Limit When Using a Bonus?
You will notice that there is often a limit for your bet per spin when you are meeting the wagering requirements for a bonus. At sports betting websites, this limit applies to the odds of the bets you are making when using bonus funds. This is usually done so that players/punters do not take advantage of the casino and sportsbooks offers. If you attempt to bet above the set limit while you are wagering a bonus, this will often result in losing all of the bonus and the winnings accumulated thanks to it.
How to Pick the Best Bonus?
You should always check the reputation of the virtual casino or sportsbook where you intend to make your bets. Make sure that the offers that the website is providing will be to your advantage and not the other way around. Avoid bonuses with too high wagering requirements that are impossible to meet and always check all of the Terms and Conditions of the offer before you claim it. These are a few of the steps that will help you to claim the best bonus for your gaming experience online.