Casino Bonus
With thousands of internet casinos all crying for business and trying to attract cash rich clientele, it is no surprise that bonus plays a vital part in their marketing strategy and why not? After all, they do have lesser overheads than their brick-and-mortar versions and therefore, can afford to lavish generous bonuses upon their customers. All things remaining the same, the more lavish the bonus, more the customers. After all, if you were offered $100 ticket with a choice of selecting between $10 million prize money and another with $500,000 prize money, it’s a no-brainer that you would select the former.
So let’s take a look at the various internet casino bonus options that are generally offered at online casinos.
• Welcome bonus
• No-deposit bonus
• First deposit bonus
• Refer a friend bonus
Welcome bonus
The welcome bonus is also sometimes referred to as the sign-up bonus. As the name suggests, it is a bonus that is offered on signing-up or registering with an online casino.
The Welcome bonus is meant to attract a new customer to the online casino. While using the Welcome bonus to play at the online casino, you cannot withdraw any winnings from it. This is because you were playing with money that essentially did not belong to you. All the same, the Welcome bonus is important because it gives you a ‘feel’ of the online casino and lets you decide whether you want to deposit and play with real cash.
No-deposit bonus
Some online casinos might call the ‘Welcome Bonus’ as a ‘No-deposit’ bonus. This bonus is offered to all new players the moment they sign-up. The bonus is meant to familiarize the player with the casino. Usually winnings from playing with the no-deposit bonus cannot be withdrawn.
First Deposit bonus
Every online casino offers the ‘Deposit’ or ‘First Deposit’ bonus. The amount of bonus offered is usually a percentage or multiples of the initial deposit. So some online casinos might offer you a 100% deposit bonus while others might offer a higher percentage. Always read the fine print. Winnings from such bonus cannot be immediately withdrawn.
Some online casinos offer a deposit bonus on every deposit you make.
Refer a friend bonus
As the name suggests, if you introduce the online casino to a friend, then when your friend makes the first deposit, as a token of appreciation for promoting the business of the casino, you receive small lump sum cash that is directly credited to your playing account. This is equivalent to cash and any winnings from it can be withdrawn.
Various online casinos offer variations of the refer-a-friend bonus. Some will offer you a bonus the moment your friend signs-up. This bonus is not linked to any deposit that your friend might make. However, winnings from such bonus cannot be withdrawn. If and when your friend makes a deposit, you might receive a second bonus – this one is equivalent to real cash.
Wagering Requirements
All bonuses naturally come with strings attached. After all, let us not forget that the only reason the online casinos give these bonuses is to entice you into signing-up and then making your first deposit and thereafter continue depositing and playing at their site. To ensure you continue playing at their online casino, some wagering terms are attached to the bonuses credited to your account. You may withdraw the bonus amounts subject to fulfilling those terms.
Generally, most online casinos require that players wager a certain multiple of the bonus amounts. For example, some sites might require you to wager 20 times the bonus amount before you can withdraw the bonus. So if you have received $50 bonus, you would have to wager $1000 before you can withdraw the bonus.
We recommend you read the fine print on all bonus offers before you sign-up at any online casino. Here’s why: If you receive $100 bonus for every $1000 you wager, then in real terms, the bonus is just 10%.
Other Restrictions
Internet casinos are also known to specify upper limits on how much of the bonus money can be used to play specified games. For instance, they might specify that you cannot use more than 5% of the bonus amount when playing at slots games and so on.
Whichever of the best internet casinos you ultimately select, make sure you understand the bonus terms before you sign-up. We wish you lots of luck. May you retire rich.
