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What is a Casino Bonus offer?

Casino bonuses come in different kind of shapes and sizes. The most popular casino bonus offer is that of the welcome bonus. Generally given only when you register or trigger your first deposit. Once you have registered and claimed your welcome bonus, other rewards will start to trickle in such as reload bonuses and cashback bonuses ensuring that you continue to log in and play daily. We shall explain in detail what these type of casino bonuses refers too and what exactly one can achieve with these bonuses.

These bonuses can come in various forms such as free spins, matched deposit bonuses, or no deposit bonuses. It’s important to note that these bonuses often come with certain terms and conditions, such as wagering requirements, that must be met before the player can withdraw any winnings. The bonuses can take many forms, including deposit bonuses, no deposit bonuses, free spins, cashback, and loyalty points, among others.

  • Deposit bonuses are the most common form of casino bonuses. They are offered as a percentage of the player’s deposit amount, up to a certain limit. For example, a casino may offer a 100% deposit bonus up to $100, meaning that a player who deposits $100 will receive an additional $100 in bonus money. Deposit bonuses are typically subject to wagering requirements, meaning that the player must bet a certain amount of money before they can withdraw the bonus funds.
  • No deposit bonuses are also popular among players as they don’t require a deposit to claim. They usually come in the form of free spins or a small amount of bonus money. These bonuses are a great way for players to try out a new casino or game without risking their own money. However, they are typically subject to strict wagering requirements and maximum winnings limits.
  • Free spins are a type of bonus offered to players who enjoy playing slot games. They are often awarded as part of a deposit bonus or as a standalone offer. Free spins allow players to spin the reels of a slot game for free, with the potential to win real money.
  • Cashback bonuses offer players a percentage of their losses back as a bonus. For example, a casino may offer a 10% cashback bonus, meaning that if a player loses $100, they will receive $10 back in bonus money. Cashback bonuses are a great way for players to recoup some of their losses and keep playing.
  • Loyalty points are earned by players for making bets and playing games. They can be redeemed for bonus money, free spins, or other rewards. Loyalty programs are a great way for casinos to reward their most loyal players and keep them coming back.

Some casino bonuses are optional. Where you can deposit and play your favourite casino games online without claiming a bonus. Players refer to this as playing “raw”. Playing casino games without claiming any bonuses, has its both advantages and disadvantages. The advantage of playing raw is that you avoid wagering requirements. Unfortunately, you aren’t given any extra spins or bonuses to play with. However, it is important for players to understand the terms and conditions of each bonus, including wagering requirements and maximum winnings limits, before claiming them.

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Deposit Bonuses

Online casino deposit bonuses are promotions offered by online casinos to incentivize players to make a deposit into their casino account. These bonuses typically offer a percentage of the deposit amount as a bonus, which can be used to play casino games. The bonus funds may come with wagering requirements, which dictate the number of times the bonus must be wagered before it can be withdrawn as cash. The percentage match and wagering requirements can vary greatly between online casinos and promotions. It’s important for players to carefully review the terms and conditions of a deposit bonus before accepting it to ensure they understand the requirements and restrictions associated with the bonus.

No Deposit Bonuses

No deposit bonuses are a type of bonus offered by online casinos to players who sign up for a new account. As the name suggests, players do not need to make a deposit to claim this bonus. Instead, they simply need to create an account and provide the necessary personal and financial information.

No deposit bonuses typically come in the form of free spins or a small amount of bonus money. For example, a casino may offer 10 free spins or $10 in bonus money to players who create a new account. This type of bonus is a great way for players to try out a new casino or game without risking their own money.

However, no deposit bonuses are typically subject to strict wagering requirements and maximum winnings limits. This means that players must bet a certain amount of money before they can withdraw any winnings from the bonus. The maximum winnings limit is the maximum amount that a player can win from the bonus, beyond which any additional winnings are forfeited.

Free spins casino bonuses

Free spins casino bonuses are a type of bonus offered by online casinos to players who enjoy playing slot games. These bonuses give players the opportunity to spin the reels of a slot game for free, with the potential to win real money.

Free spins are often awarded as part of a deposit bonus package or as a standalone offer. For example, a casino may offer a welcome bonus that includes a 100% deposit match and 20 free spins. The deposit bonus matches the player’s deposit dollar for dollar, up to a certain limit, and the free spins allow the player to play the specified slot game for free.

Free spins bonuses can also be offered as a no deposit bonus, meaning that the player does not need to make a deposit to claim them. This type of bonus is a great way for players to try out a new casino or slot game without risking their own funds.

It is important to note that free spins bonuses are typically subject to wagering requirements and maximum winnings limits. This means that the player must bet a certain amount of money before they can withdraw any winnings from the free spins. The maximum winnings limit is the maximum amount that a player can win from the free spins, beyond which any additional winnings are forfeited.

Cash Back Bonuses

Online casino cash back bonuses are a type of reward offered by online casinos to players who have experienced losses while playing games. The cash back bonus is a percentage of the player’s losses that is returned to them as a bonus. For example, if a player loses $100 playing a game and the cash back bonus is 10%, they would receive $10 back in bonus money.

Cash back bonuses are typically offered as part of a loyalty program or as a standalone promotion. They are designed to help players recoup some of their losses and provide a way for them to continue playing games without risking additional funds.

Cash back bonuses are usually subject to wagering requirements, which means that the player must bet a certain amount of money before they can withdraw the bonus as real money. Additionally, there may be restrictions on the games that the bonus can be used for, as well as maximum winnings limits.

Loyalty Points

Online casino loyalty points are a type of reward offered by online casinos to their players as a way to incentivize and reward their most loyal players. These points are earned by players for making bets and playing games at the casino. The more a player wagers, the more loyalty points they earn, which can then be redeemed for bonus money, free spins, or other rewards.

Loyalty programs typically have different tiers, and the more points a player earns, the higher they climb in the program. Higher-tier players often receive more generous rewards, such as increased deposit bonuses, exclusive promotions, and higher-value rewards.

Loyalty programs are a great way for online casinos to keep players engaged and coming back. By offering rewards for their play, casinos can encourage players to play more games, make more deposits, and stay with the casino for a longer period of time. Additionally, the programs provide valuable data to the casino, allowing them to better understand their players and tailor their offerings to meet their needs.

How to Calculate an Online Casino Bonus Offer

To calculate your bonus offer, it’s very needs and you don’t require too much effort in calculating your bonus. In this section we show you how easy it is to calculate how much you should deposit to claim the maximum bonus amount.

Let’s use a typical casino bonus as our example: 100% up to €100.

This means the casino will match 100% (bonus percentage) of your deposit up to €100 (maximum bonus amount). To calculate this, it’s very easy you must convert the online casino bonus percentage into a decimal. Then, you simply divide the bonus percentage by 100, meaning 100% becomes 1.00.

After that, you must divide the maximum bonus amount by the decimal number. For this example, we must divide €100 by 1.00. The result is €100, which is how much you must deposit to maximise your bonus.

How to Claim your online Welcome Bonus

Although the steps may vary a bit from casino to another. In this section we will provide a step-by-step guide, almost all casinos take a similar approach to welcome bonuses.

A Step-by-Step Guide to Claiming a Welcome Bonus

  1. Register with one of our recommended casinos from the list above and click the sign-up button to visit the casino.
  2. Once you click on the register button and insert your personal details. Such as your name, address, date of birth, and email address. You are asked to create a unique username and password. At this stage, important to keep these in a safe place.
  3. Once you accept the welcome bonus. There is usually a checkbox that you must tick to opt in for the offer. If you don’t tick this box, you are basically telling the casino you don’t want to claim the welcome bonus.
  4. At this stage if you accept a no deposit bonus or free spins, the casino may ask you to verify your account via email or text message. Once verified, the casino will credit your bonus funds or free spins.
  5. If you accept a deposit bonus, it is important that you make your first deposit. From the payment section, select your preferred deposit method. You are given a few options to choose from. Then asked to provide your payment details, and enter the amount to require to make the deposit. Important to check if your bonus requires a code, if so, enter it before confirming your deposit.
  6. Your almost there, once you have successful made your transaction, your balance will display the amount available. All what’s left is to enter the game lobby and pick you favourite casino game and good luck.

What Are Wagering Requirements

The perfect scenario you deposit at an online casino. Afterwards you can claim the welcome bonus, these will be added into your account. Where you withdraw all the money at any time. Well, that’s not possible since top online casinos don’t have the habit of dishing out money away. That would be the perfect haven for money launderers, so online casinos comply with anti-money laundering regulations by attaching a wagering requirement (also known as a playthrough or rollover requirement) to casino bonuses.

How the wagering work, well wagering is the number of times you must wager (or bet) your deposit amount, bonus funds, or both, before you can withdraw. Top online casinos will generally show wagering requirements in fine type beneath their welcome bonus offers or promotional offers. These come as a multiplier, often 30x to 50x, in the terms and conditions of casino bonuses. Making it easier to calculate how much one must bet or deposit in total to trigger the wagering requirements for the player to withdraw his winnings while playing with an active bonus.

How Wagering Requirements are calculated

Let’s say from our top listed online casinos, you selected an online casino that was offering a welcome bonus of 100% up to €100 and you deposit €100 to claim the maximum bonus possible. And the wagering requirement is 30x, below are three scenarios how to achieve your wagering requirements:

  1. Deposit the Amount Only: €100 (deposit) x 30 (wagering requirement) = €3,000
  2. Bonus Funds Only: €100 (bonus) x 30 (wagering requirement) = €3,000
  3. Deposit Amount + Bonus Funds: €200 (€100 deposit + €100 bonus) x 30 (wagering requirement) = €6,000

Looking at all three scenarios, knowing the wagering requirements before you claim an online casino bonus in important. As you can see in all three scenarios, you have deposited €100 and received €100 in bonus funds, and the online casino has topped your balance with €200. Upon looking closer, the first and second bonus terms are more attractive because the terms for the third example require you to bet double the amount, making it more difficult to achieve.

Now that you know how to calculate wagering requirements, it’s time to learn how to beat wagering requirements and withdraw winnings.

How to Beat Wagering Requirements

So, to achieve the wagering requirements, as we have mentioned earlier you must play casino games for real money and bet the total amount required. Once the threshold has been achieved. The casino will forward your bonus into your account for you to withdraw at any given time.

Every player needs to make sure to go through the terms and conditions of the casino bonus. Since that will determine which games contribute to wagering, and by how much. This is where game weighting comes in.

A good number of online casinos offer different games contribute to wagering based on their return-to-player (RTP). RTP is also known as payout percentage, this relates to the amount of money a game will return to players over millions of rounds. For instance, an online slot with an RTP of 96% will theoretically pay €96 for every €100 bet.

As table games such as blackjack and craps have a higher RTP than slots, the amount they contribute towards wagering varies. With Slots: 100%, Blackjack: 25% and Craps: 10%

What does this mean? Let’s assume you have €3,000 to wager and bet €100 on each of the three games mentioned above.

  • Slots: A €100 spin contributes €100 towards wagering. Therefore, the total amount you must wager decreases to €2,900.
  • Blackjack: A €100 bet contributes as €25 towards wagering. Therefore, the total amount you must wager decreases to €2,975.
  • Craps: A €100 bet contributes as €10 towards wagering. Therefore, the total amount you must wager decreases to €2,990.

With every online casino, game weightings may vary according to the type of bonus you accept. The weightings will look different if you accept a table games bonus rather than a slot bonus.

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