Bonuses are some of the most exciting giveaways that can be found at casinos. While casinos use them to attract new customers and earn loyalty, players can take advantage of them to, essentially, play for free and win money casinos.
However, it is important to have a good understanding of bonuses and the attached terms and conditions in order to make maximum use of them. These are some of the relevant things you need to have in mind.
Types of Bonuses
Casinos offer different types of bonuses at different levels of play.
This is the amount of money, bets or free spins that one gets when they sign up to a casino. They may be divided into two: Deposit bonus and a no-deposit bonus.
For a deposit bonus, a player first deposits money in their betting account, then the house matches that deposit by a certain percentage, e.g. 200%. The percentage is determined by the house and goes on up to a certain amount of deposit. For instance, a house may give a 100% welcome bonus for deposits of up to 200. Some houses extend the welcome bonus to the first several deposits, usually with a decreasing percentage boost.
These are bonuses offered to encourage players to keep playing in a particular house. They vary in type and amount and may include free bets, free spins, and redeemable loyalty points. Some loyalty bonuses are offered at specific times – e.g. Happy Hour or Lovely Wednesday. It is always important to look out for these special offers.
Bonus Terms and Conditions
You have probably heard players say that sometimes it is better to play without bonuses. This comes from playing without understanding the attached terms, which in turn leads to unreasonable expectations.
In most houses, for example, you cannot withdraw a bonus directly; it has to be used to play within the house. Bonus winnings also depend on something known as a wagering requirement. This is a rule that requires you to bet a certain amount before you can withdraw winnings earned through a bonus.
The wagering requirement is usually denoted with the letter X. A 10X wagering requirement, for example, means that you must bet 10 times the bonus you had to receive payments. Now you know!