One of the greatest features of online gambling is the ability to multiply your bank balance thanks to the bonuses and promotions on offer. This has the distinct advantage not only of increasing your budget, but also extending the length of your gameplay. There is a great variety of bonuses and understanding how each works is the key to getting the best value you can from them.
Types of Bonuses
Sign Up Bonus
Generally when you see a bonus advertised at an online Casino, it is referring to the Welcome Bonus or Sign Up Bonus. These are designed for the simple purpose of attracting new customers and promise ample rewards, usually in the form of a percentage of the initial deposits made by the new player.
For example, an online Casino may offer to give you a 100% match on your first deposit up to the value of $200. This would mean that if you deposit $100, you’ll receive an extra $100 to play with. If you deposit $200 you’ll receive an extra $200 to play with.
The amounts given in these bonuses vary greatly depending on the Casino you are using, so it’s always worth shopping around or using an online Casino comparison website to find the best deals.You’ll also discover that some Casinos will offer additional bonuses on subsequent deposits to encourage you to keep playing at that online Casino, rather than moving on to find another Sign Up Bonus.
Payment Method Bonuses
Some online Casinos will offer you a bonus for using a particular payment method. This is usually valued at a small percentage of the payment and is applicable to every deposit made using that method. This type of bonus offers great on-going value to players, so it’s well worth keeping a look out for offers of this kind.
Some online Casinos also offer a special promotion exclusive to those purchasing chips for games such as Poker. These bonuses are rewarded after a set number of hands have been won, rather than for merely depositing, so they can be very lucrative for skilled players.
What To Watch Out For
When looking for the best bonuses it is important not to be drawn in solely by a competitive Sign Up Bonus; rather focus on which online Casino can offer you the most continuing benefits. It is also important to check the terms and conditions under which you can claim your bonus to make sure that you know exactly what you will get in return when you begin depositing money.
When you sign up to an online Casino and receive your Welcome Bonus, it’s crucial to be aware of the requirements for withdrawing any winnings earned with your free money. What you will find at most online Casinos is that you will need to play through your initial deposit and bonus amount a certain number of times before you can withdraw the winnings.
You may also be required to play through your deposit and bonus in a particular way before you can claim your winnings. This might mean that a minimum stake or chip value is required, increasing the risk level when playing through the money.
Check the Expiration Date
Most Welcome Bonuses will have a use-by date. This means that you will need to have met the wagering and playthrough requirements by this time in order to withdraw the money from your online Casino account. It’s crucial that you note how long you have to play before you deposit any money in order that you don’t miss out on any large amounts of cash.
In addition to the wagering requirements, you’ll need to check which Casino games qualify for meeting the requirements. It might be a case that some games are intentionally excluded so as to limit your opportunities and potentially prevent you from playing your favourite games; it could also be that a bonus is specifically designed to be played on a certain type of game – Slots, for example.
Playing for real money at an online Casino can be extremely fun and potentially highly profitable. In addition to understanding the basic legal and financial constructs of online Gambling, you’ll have a better chance at winning if you understand how Casinos make their money. Read on to discover the basic principles of the House Edge and learn how to use your knowledge to your advantage.