The availability of bonuses is one of the biggest advantages of online casinos over their real-world counterparts. In a nutshell, a casino bonus, whether it is free spins, bonus cash, or cashback, gives you the ability to play casino games for free. This provides you with the opportunity to get more out of your casino for less money. This is obviously massively beneficial as it means more opportunities to win for a lesser investment. Essentially, they are casino codes for free money.
The Best Bonuses Right Now
Casino rewards can be earned and used from your first day at your casino and will benefit you far into your future. The important thing is to know how to use them and, on this page, we can provide you with exactly this information. We will give you everything you need to know about casino bonuses, how to claim them, and how to make sure you are making the most of the many bonus deals available on the casino circuit.
A Casino Bonus gives you more money to play with
As we have already mentioned, a casino bonus will give you more money to play with and this is the same regardless of the bonus you claim. The first step to evaluating a bonus and its value is essentially figuring out how much more free playtime that will be.
The most common example of a casino bonus is a straight forward cash match bonus of 100% up to $100. In this case, you are doubling your money which is never a bad move. Therefore, anything above this amount would be a very beneficial move for you as you will have far more money than you originally invested to play with. As such, more chances to win big at that casino.
Of course, there are merits in all forms of bonus deals at a casino. Even if there is a 50% bonus and you invest $200, then you will still have $100 extra on top to enjoy. This is still a very nice reward for the casino and will give you plenty to play with. But what about other bonuses?
Well, when it comes to cashback. If you are earning 50% of the money back that you invest, then you can soften the blow of your spending and reinvest and learn from your mistakes in order to capitalise on your playing going forward. Allowing you, in theory, to turn that 50% back into even more money.
When we consider, free spins, although slightly different in nature, they still provide you with more playing time too. If you have a lump sum of free spins, then you spend this before your own money, which means you can rack up more funds with the money won for the free spins, or, even if you do not win, have saved money which you otherwise would have lost on the spins that weren’t successful.
As such, no matter what the casino bonus or reward is, more casino playtime will be coming your way.
What does a typical bonus look like?
A typical bonus would be a deposit bonus, similar to the one we have shown above. However, there is no limit to what it could be in terms of percentage or cash amount, with there being the possibility to get a 25%, 50%, 100%, 200% or even more as a bonus. In fact, one casino may offer all these. If we give a good example then, of say, a 100% bonus up to $200.
The way it works is simple. When you make a deposit, the casino will match the amount by the percentage up the specified cash amount. This means that if you make a $20 deposit, you will get $40, if you make a $100 deposit, you will get $200, and so on. However, you can not exceed the “up to” amount which, in this case, is $200.
The same thing happens with any other form of percentage and cash maximum. So, in the case of 50% up to $100. If you deposit $50, you will get $25 and your total balance will be $75. Thus, to reach the full amount you will need to make a deposit of $200 to reach a total amount of $100. This is the same for all cash match deposit bonuses.
However, the important thing to know is that the bonus amount is not in fact, real money. It is bonus money and so it is not yours to take away, at least not yet anyway. It is what is known as bonus funds and as it is bonus money, so it can only be used for online gameplay.
How is it possible for casinos to hand out bonuses?
There are several reasons why casinos hand out bonuses. The first is because they needed to. They need to because a large number of casinos out there mean there is a need to compete and as many offer very similar service, they only do this by bonuses hence why they must compete to provide the biggest and more beneficial bonuses they can in order to lure the players in.
While this is true, the fact is that another reason they can is that they actually lose nothing by awarding this extra money. This is not real cash and is only bonus money that isn’t actually “real”, it merely tokens at this point by which to play their games. As such, the casino has lost nothing by giving it to a player. Instead, it has earned their deposit so they have actually gained.
This is where what is known as wagering requirements come in. Only by meeting this, do you get the bonus money to become real funds. These can take a while to meet and many people do not meet them or end up losing part of the bonus. Thus, the money never comes real. If you do manage to convert the money, many other people will have not so the casino is still up.
This might sound strange but it isn’t. This is because the bonus money is just extra money to play on their games and have fun with, and shouldn’t be considered real funds. It should instead be considered tokens to enjoy the gameplay the casino offers and get more playtime for your money. If you do turn it into real funds, then this is an added plus.
Different types of Casino Bonuses
There are a handful of different casino bonuses that you can claim at online casinos.
A welcome bonus will usually be the very first deal that will be available to you at an online casino. They can come in various forms but most commonly they will be a deposit bonus with a number of free spins as part of the deal too. They will often require you to make your first deposit to a casino and you have to claim it within your first week.
A deposit bonus is where a casino will match your deposited money up to a certain amount as was shown in the example above. These are very commonly found as welcome bonuses, but you can also claim what is known as a “reload bonus” which is essentially a deposit bonus awarded at any point after the welcome bonus.
Free Spin Bonus
Free Spin Bonuses also are commonly found as a welcome bonus and will usually come as an added extra on top of the deposit bonuses. However, some casinos offer free spins only welcome deals and also it is very common to be able to claim a set number of free spins on a weekly basis if you return to a casino and make another deposit on an allotted day.
No Deposit Bonus
A no deposit bonus are small casino rewards giving to you when you register your details to a casino. As the name suggests though, they do not require you to make a deposit. These will usually be free spins but can also be small cash sums too. The purpose is acting a thank you for choosing their site and give you the chance to explore what they offer
Bonus codes are what you would in previous years have had to enter a casino in order to claim a bonus. However, they are much rarer these days with most bonuses either requiring you to opt-in at the cashier or just being added automatically. There may still be some out there but if so, they will be clearly shown by the casino.
A cashback bonus is a deal where you will get a percentage of money you spent at a casino over a time period. Generally, this will be around 10-30% and, like a deposit bonus, will be capped at a cash amount. The way casinos work this out will be different with some casinos offer cashback on money spent in total or just the money that you have lost playing their casino games.
A reload bonus is known as such because it “reloads” your account funds after an initial bonus. A reload bonus might be any bonus after the first deposit bonus in a multi-deposit welcome deal, or it may be a deal that happens each week or month that you can use to continuously recharge your account with bonus funds. Essentially, it is any deposit bonus given that isn’t a welcome bonus.
VIP/Loyalty Schemes are tiered programs where you rise through levels based on how much you play. The more you play, the higher you rise. At each level, there will be different rewards and these rewards can include any of the aforementioned bonuses discussed so far. Often, there will other benefits too, such as personal account manager, access to VIP events, or even the chance to win luxury vacations.
Can I cancel an active bonus?
If you have opted into a bonus but no longer want it, then cancelling it can be done at a click of the button. This can usually be done by accessing the relevant area of your casino account profile, usually the “active bonus” section but it will depend on your casino. If you cancel a bonus before completing what it requires from you, then you will lose the bonus and any funds won with these funds.
Rules, Requirements and Wagering
There are some important T&Cs that can affect a bonus deal. These include:
- Wagering – This is a number of times any bonus funds, and funds won with them, must be played with before withdrawing. Say, for example, if a deal has 20x wagering, it means you must play with the bonus cash and won funds 20 times before it can become real money.
- Max-win– This is a limit to how much can be won when the bonus is in play.
- Min/Max bet – This is a limit to what size bets you can place with a bonus in play.
- Selected Games – Some casino bonuses will be limited to a set number of games
- Required Odds – This restricts the player from betting with a bonus on events that might have certain odds.
Now you have all you need to know; you can get out there and start enjoying the wonderful world of casino bonus deals!