The competition is actually a huge benefit to customers, as casinos now offer a multitude of bonuses and promotions designed to get people to sign up and deposit funds, and then keep them coming back by offering bonuses to their loyal customers. However, things are not always what they seem.
Most online casinos will promote their latest offers prominently on their home page, so the first thing a visitor sees is how much they can get if they sign up. This can range from a few dollars to a few thousand dollars, or from 50% to perhaps 500% of the amount deposited. But don’t take this at face value, as the terms and conditions attached to these bonuses often mean that you won’t actually receive as much as you thought you would.
There is generally a maximum limit to the value of the first deposit bonus, as well as a minimum amount that must be wagered on the games before you can claim the bonus funds, or withdraw money from your account. Typically, the combined deposit and bonus values must be wagered multiple times before winnings can be cashed out, whereas the bonus is typically in the form of credits that can be used to play the games, but never actually can. be withdrawn. This is done to prevent someone from depositing money, claiming the bonus, and then collecting everything immediately.
Wagering requirements will generally vary from game to game, so while $ 10 spent on slots can contribute $ 10 towards this requirement, the same money spent on roulette can only offer $ 1 towards it.
A $ 5000 bonus that has such restrictive terms that it cannot be claimed is actually a $ 0 bonus, but people often don’t realize it until they have signed up and wagered at the casino, so it is important to understand what you need. do to collect the funds.
One type of welcome bonus that is always nice to see is a no deposit offer, where a casino will fund your account before you have deposited your own money. Although these bonuses will also be subject to certain conditions, you have nothing to lose by playing games with them, and you can even make good profits from them.
Some casinos offer special “High Roller” bonuses for high rollers who want to deposit large sums. These can be particularly generous, with the added perks like a personal account manager, or invitations to VIP events.
Bonuses obtained by referring a friend to the casino are becoming more and more common. To get them, a player needs to tell someone they know about the casino, and once that person has signed up and deposited funds into the casino account, the person who made the referral gets a small bonus to say “thank you”.
Other bonuses can be found in the form of free spins when a customer has the opportunity to play a free game, or a free entry to a tournament during the first few days after registration.
Good online casinos will change their bonus offers frequently, so if you see an offer that interests you, don’t let it go. Conversely, if a casino’s offer seems poor, come back next week and you might have a new and improved offer.