Casinos online offer a variety of bonuses. It is essential to understand all the details about bonuses before you decide to accept it. Different casinos have their own rules, however, the following information is all you need to know about bonuses without going into the specifics of each casino.
There is a Welcome Bonus at nearly all online casinos. It is a great bonus because it lets you make more bets to increase your winnings and can extend the time until your deposit expires. The welcome bonus is generally the biggest bonus you receive from the casino, though sometimes they offer multiple bonuses or even an ongoing bonus, as a welcome bonus.
Sometimes, a bonus may be "sticky," which means it can't be cashed out using your winnings. There could also be a limit on the amount that you can cash out. The No Deposit Bonuses are typically cashable and have no withdrawal restrictions.
A good example would be offering a $60 free-chip (or "no deposit bonus") that has wagering requirements (explained below) and a maximum cash-out of $300. It is typically a "sticky bonus. If you have met the wagering requirements and are over $360, request the withdrawal amount of $360 to get the maximum cash-out of $300 (as the $60 bonus is eliminated during withdrawal).
Make sure you read the terms and conditions of your bonus prior to playing with the bonus. This way you know exactly what the exact bonus conditions and wagering requirements are as they differ between casinos.
The majority of casino bonuses are for playing slot game s however, some casinos offer bonus offers for card and table games, or allow to play all games subject to specific restrictions. It is essential that when you choose to take advantage of a slot bonus, that you do not play games that are not restricted (like roulette and blackjack are typically prohibited) or you may forfeit any winnings. It is therefore crucial to understand the Terms and Conditions of the bonus offered by that casino.
Many bonuses come with wagering requirements (WR), which prevent the cash from being withdrawn until you have wagered a specific amount. Because of this, certain people choose not to play with bonuses. You can choose to play without bonus by not redeeming coupons before making deposits. If the coupon is automatic, you can get in touch with customer service through live chat or email to stop the bonus being added to your deposit.
Most bonus offers at MicroGaming casinos offer Bonus WR of x (a certain multiplier, usually 30x). If you play, bonus credit is transferred into your cash balance, however, you still must finish the entire WR before you are allowed to withdraw.
The majority of bonuses offered by Playtech as well as RealTimeGaming casinos have an WR of Deposit plus Bonus x (a certain multiplier, generally 20-30x). This WR method is not my preferred because it is a way to add deposit into the equation.
For a comparison of the two systems, we'll use an example of depositing $100 and receiving 100% bonus offered at both the 'MG Casino' (MicroGaming) and 'RTG Casino' (RealTimeGaming). At 'MG Casino', the WR is $100x30= $3000. At 'RTG Casino', the WR would be $100+$100 x 20 = $4000. It's quite a huge difference and if you consider that 20% is the lowest offered at RealTimeGaming casinos, it is typically 25x or even 30x.
Placing bets on casino gaming result in wagering. In terms of wagering on different games, they are different in their weighting. This is true even if you're permitted to play another type of game using the bonus. If you can participate in all games offered by the bonus, blackjack and roulette as an example, are typically less weighted than slots, while some games do not count at all. The WR is usually 100% weighted for slots. Every penny you spend goes towards it.
Although these wagering requirements seem too high, playing the slots could return your winnings as well as make you forget the money you've spent.
Personally, I like playing with bonus money since, at least, it gives you more playing time on your deposit.
Before you play, be sure to read the Conditions and Terms. Certain bonuses won't permit you to play specific games. If you play, the online casino has the right to cancel the bonus and any winnings.
As I am a Canadian that enjoys playing at online casinos, I love to share my experience and knowledge that I have gained to help others get the most value from their gaming experience online.
