Online casinos are great because they are always striving to be rewarded by your business. The industry itself is growing rapidly and new sites are popping up all the time. As such, it only makes sense that online casinos, in an effort to separate themselves from the pack, offer a bonus (sometimes referred to as a promotion) in order to get players through the door. Promotions and bonuses come in all shapes and sizes, and all work to give you free money just for depositing.
In the following few sections we will elaborate more on what online casino bonuses entail, as well as how you can take advantage of them. They may seem difficult to understand at first, but the fact of the matter is that they are much more simplistic than you might have originally been led to believe.
Free Money for Depositing
The way in which most initial online casino bonuses work is by giving you free money just for having made a deposit into your online casino player account. For example, if a bonus is a 100% bonus up to $500, this means that a deposit of $200 will see your player account be credited with a total of $400 which you can gamble with. The 100% bonus means that you are matched, dollar for dollar, for the deposit that you made.
This is just one brief and simplistic example, but the fact of the matter is that most initial casino bonuses work by giving you free money just for having signed up and made a deposit.
A pitfall that occurs every so often is that a player unknowingly thinks that the free money given to him or her by the casino is able to be cashed out and taken away. While this is true, casinos are not in the business of simply giving money away. As such, online casinos attach gambling requirements to every single bonus. These gambling requirements set forth certain guidelines that you must follow in order to make the money you were given actually yours.
If casinos were matching deposits and crediting you with hundreds of dollars that you would immediately be able to cash out, well they would not be in business very long. Gambling requirements vary from site to site and from bonus to bonus, but they generally ensure that you have gambled with the bonus money a specific number of times before it actually becomes yours. This may seem tricky to understand, but a few minutes of research will clear things up right away.
Other Types of Bonuses
Though most initial bonuses work by matching your initial deposit, there are an absolute multitude of deposit bonuses that you can take advantage of. Even bonuses that do not require you to make a deposit exist.
For players that have been playing at one online casino for a long period of time, returning player bonuses look to reward your loyalty. By shopping around and comparing the bonuses offered from site to site, you will find that there is a plethora for you to take advantage of. When it comes to bonuses, it is ok to be picky because there are so many and, like was mentioned above, no two bonuses are created equally.
Casino Bonus FAQs
Does every online casino offer a bonus?
While it may be a bit presumptive to say that every single online casino, without exception, offers bonuses to new and returning players alike, I am sure there are a few sites out there that do not offer them. With that being said, however, it is extremely common to see an online casino offer multiple bonuses at a time.
Are they too good to be true?
If you hear the words “free money” you, like many people, might instantly become a bit skeptical, and for good reason. No one has ever given you free money before, but the fact of the matter is that this is exactly what online casinos do. Of course there are certain requirements you must fulfill in order to be eligible to cash this money out, but it is yours to take advantage of.
Is every bonus set up the same way?
No. Bonuses from online casinos come in a variety of shapes and sizes and differ from site to site. You will find that many deposit bonuses follow the same structure regardless of who is offering them, but the fact of the matter is that not every bonus is created equally.
How long does it take to receive the bonus in a cash out?
This all depends on the site at which you are playing. The gambling requirements tied to a particular bonus can vary, and it is your job to determine what exactly you have to do in order to make the bonus monies yours.