However, if you’re new to the world of online gambling and are not constantly on the lookout for the latest casino bonuses, you may not be familiar with some of the terminology and how these deals work. If it all seems confusing at first sight, do not fret, as there is nothing overly complicated about casino bonuses. Read below to discover the key aspects of these deals and what demands your attention.
No Deposit Bonuses
Likely the most sought-after deal in the industry. You may have seen articles or banners promoting such an offer, which can be distracting if you’re new to the iGaming scene and get lost in the terminology. It does exactly what it advertises, provides you a bonus without requiring you to make a deposit. Upon registration, the platform will immediately credit your account with either free spins or free playing money.
However, be aware that things may not be as simple as they sound, as some online casinos may ask that you register a credit card to claim your bonus funds. They do this as a security measure to avoid bonus abuse from those who aim to create multiple accounts and take advantage of their generosity. Other platforms may require that you make a small deposit to withdraw your winning stemming from a no deposit bonus, so read the terms and conditions carefully.
Often seen in welcome packages, the percentage matching bonus is the most common type in the online gaming sector. Most platforms offer it on your first deposit. The bonus is self-explanatory. Everything you deposit up to a specific amount, the casino will match with free bonus funds, up to a specific percentage.
For example, if the bonus is 200% up to $100, if you deposit $100 in your casino account, the platform will reward you by adding another $200 in your account, making $300 available for you to play with on their site. The percentage can differ, and it usually ranges between 50% and 300%.
A super-important detail hidden in the fine print. When you see a bombastic offer that provides, let us say, a match bonus of 300% up to $1,000, always make sure to read the terms and look at the specified timeframe in which you have to use the offer, as well as the wagering requirement that you must fulfill.
A wagering requirement is a multiplier that tells the player the number of times that he has to play through the bonus before he can withdraw any winnings. For instance, if the bonus is $20, and it comes with an x10 wagering requirement, you will have to spend $200 on eligible games before you can make a withdrawal. Most bonuses that come with this type of requirement have one that falls in the range of x30 to x40.