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Understanding Bonuses and Their Terms

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Are you looking for ways to play online casino games for free? Then, you will want to take advantage of the bonuses offered by online casinos. Bonuses may come in many forms. It is important that you understand how each type of bonus works. You also need to know that for each bonus there is also fine print. Keep reading to find out more about online casino bonuses.

Why Do Casinos Offer Bonuses?

Casino BonusesOnline casinos offer bonuses as a way to attract new players. The casinos are hoping if you enjoy the casino and the games, you will continue to play. If you continue to play, you will be using your own money, which is the whole idea. Casinos know if they can entertain you enough, or you have some success, you will want to continue.
Players who have never played at an online casino may want to try out the games before spending money. There are also players who want to try playing a different game than they usually play. Bonuses allow players who want to stretch their gaming skills to try something new.
There are several types of bonuses, and each one is different. If you are lucky, you will be able to play with the casino’s money for quite a while.

Free No Deposit Bonuses

If you want to try playing at a casino, you can look for one that offers a no deposit bonus. No deposit bonuses give players free money to play with—up to a point. They allow players the chance to try out several games or several sites without risk. Usually, in order to claim a no deposit bonus, players need to register at the casino. This requires a person to provide his or her e-mail address.

While no deposit bonuses are amazing, you need to read the fine print. The largest issue with no deposit bonuses comes with winning. If players win using the casino’s money, they may need to make a deposit in order to withdraw their winnings. Each casino has a different formula for deciding how much to withdraw, so check the promotions tab on the site. Promotions tabs will give you all the fine print details before you decide to play.

Be careful when you pick a casino. The average online casino will have a free bonus below $500. If you run into an online casino that is offering you thousands of dollars of free money to play, beware. Usually, these sites are fraudulent and want your personal information, or they will not pay out if you win.

No deposit bonuses can take several forms. Some casinos offer bonus codes when you put in your e-mail address. These bonus codes are usually time-sensitive, so be sure that you have read how long you have to play. Other casinos offer free spins. The free spins are usually on one particular game. If that is the case, you can’t transfer the spins to another game. While new player/free money bonuses are available only to new players, free spins may be available to everyone. You may only have to hold an active player account.

Timed Promotion Bonuses

Casino Promotion BonusesThere are website casinos that offer limited time promotions. These promotions may work out better than the new player free cash bonuses. That is because timed promotion bonuses are available to all players, not just new ones. As with the no deposit bonuses, you need to read the fine print. Some timed promotions require you to pay back the free money or spins before you cash out. Other promotions have wagering requirements until you have bet a specific amount of your own money. Some timed promotions have no strings attached, which makes them ideal if you want to try a new game.

Casino Deposit Bonuses

Casinos also try to attract new players through their use of casino deposit bonuses. Usually, casinos offer a flat bonus or a percentage bonus to new players. Flat bonuses are sometimes a dollar-for-dollar match, up to a certain amount. A percentage bonus offers new players the chance to earn a percentage of the amount of money they pay in. Again, this is usually up to a certain amount. As with other bonuses, you will need to read the fine print. Some casino deposit bonuses require you to deposit more money in order to withdraw your winnings. If you are confused about the terms of the bonus, reread the terms and conditions.

Differences Between Cash or Play Bonuses

Differences Between Cash or Play BonusesYou need to understand the differences between a cash bonus and a play bonus. Cash bonuses are usually simple to understand. The online casino gives you cash upfront to play one or more games. Once you have wagered the amount set by the casino, you can withdraw winnings from your account. Most casinos allow you to withdraw both the cash you deposited and winnings and casino cash. However, you must have met the wager amount set by the casino first. For example, the online casino gives you a $200 bonus and requires you to lose $100. Then, after you lose that $100, you would be able to withdraw all the funds, including your bonus. In other words, you have the option of withdrawing all your cash from the account at some point.

Play bonuses are different. Play bonuses mean that you cannot remove any bonus funds from your account when you withdraw your money. You can still withdraw the winnings you make, but not the bonus itself. Also, play bonuses require that any losses you have come out of your funds rather than the bonus funds.

For this reason, players prefer cash bonuses over play bonuses. Many online casino players do not look at play bonuses because they do not feel they are valuable. However, there are a couple of things about play bonuses worth mentioning. First, play bonuses give you more playing time to learn a new game or skill. This means you play more without spending your money. Also, play bonuses still give you an opportunity for a large jackpot. Play bonuses tend to be much bigger than cash bonuses, so the potential for a big payday is higher.

A Few Final Words

Online casinos regularly offer many kinds of bonuses all at once. That means you need to go through all the bonuses offered at the casino. Read the fine print, and decide which bonuses are right for you. You may be able to take advantage of multiple bonuses at the same time. Each bonus may have their own terms and conditions, so, again, read them thoroughly.

Make sure that you understand the wagering requirements as well. The wagering requirements spell out the amount you will have to wager in order to make a withdrawal. For example, you decide to take advantage of a $100 bonus with a 10-times $100 wager. In this case, you will need to bet a total of $1,000 before you can withdraw money.

With some luck, you will be able to take advantage of the bonuses and build up winnings over time. You also will get valuable practice time on new games, which only help you win more money in the long run. Good luck, and happy bonusing.

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Thomas McCoy was born in Bethesda, Maryland and studied finance at the Kogod School of Business at American University in Washington D.C. before heading to New York and a job as a forex trader on Wall Street. Successful enough to launch his own, online forex trading platform, Thomas has long had a keen interest in the places where the worlds of finance and technology meet. As a prolific blogger, Thomas considers himself an expert on cryptocurrencies, casino asset restructuring, and emerging technologies set to change the way people do business.