How to Get the Best Out of Casino Bonuses
Posted on April 03, 2013 at 12:04pm
What makes casino Welcome Bonuses different?
Anybody who has played at an online casino will know that there are a variety of different Welcome Bonuses on offer and that these may differ in size, type and structure. While it can initially be confusing for a player distinguishing between different offers, it is worth researching which type of offers fits best for a player’s style of gaming. We have put together a short guide to help explain more about casino Welcome Bonuses and Bonuses in general which we hope will answer your questions about which Bonus is best for you. We’ll cover things like Match Bonuses, Playthrough and wagering requirements, Free Money Bonuses and No Deposit Bonuses.
What are Playthrough requirements and how do they affect you?
Playthrough requirements are part and parcel of all casino bonuses and are put in place to protect both the casino itself and the player. Many players find the playthrough requirement concept somewhat complicated and inevitably have a number of questions regarding how exactly it affects them.
Here is a simple example of how playthrough requirements work:
If you deposit at a casino you’ll need to play your deposit plus bonus 20x before being able to cash out. Should you deposit $100 you’ll usually enjoy a 100% Match Bonus worth $100, this gives you a total of $200 to play with (your $100 plus the casino’s Bonus $100). In order to be able to cash out any profit you must wager the total $200 up to 20x before you can withdraw. In simple terms this means you must make $4,000 worth of bets.
Some casinos have different playthrough limits, and these limits vary from anything as low as 10x up to as much as 40x or more. The general rule of thumb is about 20x and should pose no real concern for anybody who is serious about winning big at the casino (remember with payout ratios as high as 97% at quality casinos you’ll always be able to boost your funds with regular winnings).
Remember – once you have reached the playthrough requirements of a casino you’re free to withdraw whenever and however you want! It is absolutely CRUCIAL that you find out exactly how high the playthrough requirements at your chosen casino are. You don’t want to be playing somewhere with sky high playthrough requirements that will take you MONTHS to reach.
The No Deposit Bonus – what’s in it for you?
The No deposit Bonus is arguably the easiest to understand and appeals to players looking to try what the casino has to offer without actually depositing any of their own money. As such it lessens your potential risk and it very popular with Online Slots players. This Bonus will be deposited directly into your account but may be subject to playthrough requirements as well. The most common way that this offer is marketed is for a casino to give you credits and then set a time limit for you to use them within. So for example you might get $500 Free and an hour to play with. At the end of the hour your winnings will be credited to your account as a Bonus amount.
Match Bonus Offers – making the most of your bankroll
The Match Bonus offer is probably the most frequently used Bonus at the majority of casinos online. The reason for this is that it suits both the player and the casino and allows a gamer to try as many games as possible. Most of the biggest online casinos offer a Welcome Bonus package – a selection of Match Bonuses that is worth more than the sum of its parts.
For example a top casino like The Hippodrome Online Casino offers new players $1,000 Free when they register a new accounts and this is divided into Match Bonuses on a player’s first 3 deposits. The Welcome package looks something like this: 1st Deposit - 100% Match Bonus worth $250 2nd Deposit – 25% Match Bonus worth $250 3rd Deposit – 50% Match Bonus worth $500.
If a player takes advantage of the entire Welcome Package they can scoop a cool $1,000 EXTRA to play with. Most online casinos will also send their players regular Match Bonuses via SMS, email and text. These Bonuses can range from 25% up to 100% and be worth anything up to $1,200 depending on a player’s status at the casino. It can be exceptionally lucrative for players to take advantage of these offers as they provide a significant boost to funds as well as giving you the opportunity to bet bigger than you normally would – resulting in more regular, and bigger, profits.
Exclusive and Affiliate Bonuses
Many Online casinos run extensive Affiliate Programmes to help generate business for the casino. Affiliates are then able to offer players exclusive offers that can’t be found anywhere else, often with bigger and better bonuses than even the casino itself offers! Affiliate or Exclusive Bonuses are a great way to enjoy more rewards that you might not otherwise have qualified for and can be used on all your favourite games.
Most top casinos have a Loyalty Programme, which is there to help players enjoy bigger rewards depending on how long they have been a member and how often they wager. It makes sense that a player that is spending $1,000 a week at a casino will enjoy bigger Bonus rewards than a player who plays a mere $10 a month. A world class casino like Spin Palace has a 6 Tier Loyalty Programme and its VIPs enjoy rewards like cash prizes, luxury holidays abroad and tickets to exclusive events.
The Bonus amounts for VIP players are also well above the norm and give players the chance to earn FAR more. Find out about the Loyalty Programme available at your online casino and see if you can upgrade your status for access to better offers and more lucrative rewards!