Online casino bonuses are the order of the day in the iGaming industry. Competition is fierce to obtain new customers and to keep existing ones. Online casinos promote online casino bonuses in order to stay competitive. You’ll find thousands of online casino bonuses across the web.
Each new bonus is more enticing than the previous one. Essentially, the online gambling site is giving you free money to play online casino games. It can become pretty confusing if you don’t know what each one implies, if it’s worth it, and how it’ll affect your wallet. Read below and find out what each online casino bonus means and how it can potentially affect you.
No Deposit Bonus
This is the best online casino bonus you can find, and they’re relatively rare. An online casino will give you a no deposit bonus just for signing up. You don’t have to deposit any funds of your own to start playing the site’s games. For example, the online casino will give you $15 to play for free and win real money.
When you accept it, take care to read the terms and conditions associated with the no deposit bonus. Typically, there are wagering requirements attached, and they’re usually relatively high. In other cases, you may be required to make a first deposit before you can withdraw any winnings obtained from the no deposit bonus. These bonuses are also restricted to specific casino games.
Free Spins Bonus
This bonus is similar to the no deposit bonus, but you’ll receive free spins in this case. The online casino will give you free spins to play on a specific slot game when you sign up with the site. You don’t have to deposit your own money to take advantage of this bonus. As with the no deposit bonus, there’ll be wagering requirements that pertain to you getting access to your winnings.
Welcome Bonus
Once you sign up with the casino, you’ll be eligible to receive a welcome bonus. The welcome bonus usually involves a percentage match up to a certain amount of your first deposit plus additional free spins. For instance, the online casino will give you a 100% match of your first deposit up to the value of $100 plus 50 free spins. You’ll have $200 to play the online casino’s games plus 50 free spins. Some casinos give additional welcome bonus rewards for Bitcoin deposits.
Before you accept it, be sure that you comply with the wagering requirements. If the wagering requirements on your welcome bonus of $100 is 35x, you’ll have to wager it to the value of $3,500 before you can withdraw any winnings obtained from your welcome bonus into your PayPal account or other withdrawal methods.
Welcome bonus funds are always restricted to certain games and must be played within a specific time from activation. Your funds and winnings gained will be voided if you haven’t fulfilled the wagering requirements within that period.
Sports Welcome Bonus
Some online casinos that feature sportsbooks will have a sports welcome bonus. You’ll receive a percentage match on your first deposit or a free bet amount from the casino. Either way, both these types of bonuses have wagering requirements. Typically, the wagering requirements will include that you have to place bets on sports events with odds equal to or over two.
Conclusion
These are the most popular online casino bonuses that you’ll find. Always read the fine print carefully before you commit to any bonus. Pay special attention to wagering requirements, the time frame it’ll be valid after activation, and the casino games you’re allowed to wager your funds on. You should have a rewarding online gambling experience without any disappointments going this route.