Casino Bonuses - October, 2020
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.
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.
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.