An online casino bonus can be a great help at improving your economy. They come in a couple of different forms, but they do bolster your bankroll directly or indirectly. That being said, one must be aware of the caveats frequently attached to these online casino bonuses. After all, casinos would not want you to get away with it that easily. There is always a catch. As we all know, casinos are ultimately places of business. Casino games are inherently based on at least some degree of luck. Naturally, one cannot win them all.
In fact, you win the average casino game less than 50% of the time. That is how casinos make a profit and stay afloat as a business. Despite all that, people play casino games to take a gander at their luck. Even with basic strategy, sometimes people struggle to break even on their wager amounts.
What Is An Online Casino Bonus?
Because of how many different types of casino bonuses there are, it can be tricky to make a strict definition for it. In the simplest terms, casino bonuses are extra benefits that the casino gives to its customers. The catch is that in exchange, they want customers to commit to the casino. Naturally, the scale and terms of each online casino bonus vary. For instance, some of them can be an instant game-changer. Yet other bonuses can be layabouts that just are not worth the hassle they will put you through. They can vary from extra money in your casino wallet to freebies in the next slot game you play. But the most important thing is that they are all completely optional. They do not hinder or change your casino experience, and you can opt-out of them anytime.
How to Get Online Casino Bonus
It’s not receiving online casino bonuses that’s the tricky part. In fact, casinos give away free spins and deposit bonuses very leniently. If you are picky about the kind of online casino bonus you want, though, you will have to do some digging. Generally speaking, casinos include at least some form of sign-up bonus to jump-start you in your casino gaming venture. So if you want a quick and easy way to get a taste of the prominent casino bonuses, browse different online casinos and scout for good deals. Other than that, you can get online bonuses through holiday gifts or special events like that. However, the one condition is that your place of login needs to be among the listed countries where the casino provides its services.
If you use a VPN to bypass this restriction, that could work in some cases. But that might be in violation of one of the casino’s clauses. In that case, the casino could confiscate the bonus. Worst-case scenario, they might outright ban your account. So it’s generally best not to trick the casino into paying you free deposit bonuses.
Types Of Online Casino Bonuses
Welcome Bonus – As we said earlier, online casinos can be manifold in types. But in general, by far, the most common casino bonus type is a welcome bonus. Welcome bonuses are partially there to serve as an advertisement for the casino. These tend to range from average to very lucrative, but almost all of them are useful. To receive a welcome bonus, all you need to do is create an account with the casino and log in. In a few cases, you also need to complete an additional verification process. This involves filling out a form with your biodata, ID proof. Additionally, you also need to input credit/debit card information both as a mainstay for transactions and a statement of financial validity.
Free Deposit Bonuses – Another common form of bonuses, free deposit bonuses are the most self-explanatory. Generally, as part of a sign-in booster package, they will simply add a set amount of money to your casino wallet. So technically, this is just free money, right? Not quite. Because free deposit bonuses usually require you to play a certain amount of games to actually redeem them. In other words, you actually have to pay real money to get the benefits of the free bonus money. In fact, deposit bonuses are tied to the amount of actual money you put into your wallet. For example, a 150% casino deposit bonus means that it will give you Rs. 50 extra in your wallet per Rs. 100 that you spend out of your pocket.
Free Spin Bonus – A free spin bonus means you get free spins on certain games. In other words, you can play a couple of rounds of slots for free. You might think free spins are inferior to deposit bonuses, but they are actually the same. You have to play to redeem the deposit bonuses. Alternately, free spins give you free rounds with the possibility to score money right off the bat.
No Deposit Bonuses – These are basically free deposit bonuses but without the need to pay actual money. No deposit bonuses give you extra wagering money or benefits with apparently no strings attached. Casinos generally advertise it as ‘Rs. 1000 bonus no deposits’, i.e., you do not have to put money in the wallet to be eligible for that. But usually, there can be other things like wagering requirements.
Loyalty Bonuses – Loyalty bonuses are those available only to long-time customers. The bonus itself can vary from free spins to extra deposits, or sometimes even bonuses on games that you play the most.
Cashback Bonuses – Cashback bonuses are a scheme derived from credit card companies. Functionally, the two are about the same. If you keep playing on an online casino long enough, they will eventually offer you a set sum of money back. In that sense, cashbacks are essentially loyalty bonuses.
Why Do Casinos Give Bonuses?
Casinos do not give away bonuses willy-nilly for charity. To reiterate our previous point, they are places of business, and bonuses are just one of their strategies to make more money. First and foremost, one must remember that there are thousands of online casinos out there. Naturally, the tight competition also leads to several casinos targeting the same demographic. Bonuses are a form of edge casinos have because they attract crowds easily. If you found a better casino bonus in one of two equivalent casinos, which one would you go to? The other major reason is to actually keep you playing. In this, the casino just spends money to make money. Nearly all bonuses have playthroughs or wager requirements.
Playthroughs basically mean you need to wager the bonus amount that many times. For example, a x4 playthrough means you need to spend $400 in bets just to retrieve a $100 bonus. This way, bonuses provide an incentive for you to keep playing. Loyalty bonuses also have the same idea- to keep you invested in their casino.
Casino Bonus Terminology – What Does This Mean?
There are always some strict terms and conditions attached to casino bonuses. Casino bonus terms can sometimes look as though they are riddled with legalese. Largely speaking, casinos bonus terms will tend to incorporate these limitations in one form or the other:
- You can spend the casino bonuses, e.g., free spins or free bets, only in certain games.
- Casino bonuses are not transferable between casinos.
- Some casinos actually impose an upper limit to how much money you can withdraw with their help. E.g., a free spins set can have an upper limit of Rs. 200. So even if you get lucky and win Rs. 500 with them, you only get to reclaim Rs. 200.
- This goes without saying, but casinos have strict policies against cheesing the bonuses. Just to stay on the safe side, one should never create more than one account with a casino and never use a VPN to access it.
- There will be a time limit to bonuses.
- Wagering requirement: A term you might in bonuses. It means how many times you need to turn over an amount to finally get it reflected in your account. Generally, represented with a number like 10x, 20x, etc.
So the bottom line is to always read the terms of service to cover your bases. Casino bonuses seem more lucrative than they really are most of the time. If you want to make a quick buck, the most casino bonus is not the way to go. They are designed to keep you jumping through hoops for a long time to get to the real cash. On the other hand, you will get good mileage out of them if you play at casinos frequently anyway.