How to make money from online casino bonuses
Casino bonuses are offered to new online casino players who create a user account. The idea is to attract new customers to the online casino by giving them more funds to play with than they have in their wallet. Usually you must make a deposit into your new account in order to claim the bonus. However, some casinos offer no deposit bonuses. When you see an offer like this you can receive funds without depositing any of your own money. Be advised that you will have to fulfil certain requirements to withdraw your winnings. Take the Quiz about football knowledge in Quiz and MyStakeSports and win exclusive free bets.
What are the key types of bonuses in the online casino?
If you visit an online casino review website you will see many sites promoted with different offers. The key types of bonus you will see referenced are welcome bonus, reload bonus, free spins bonus, cashback bonus and no deposit bonus.
Double your money
Platforms like El Royale online casino, will often offer new players a welcome bonus in the form of a match deposit offer. What this means is if the offer is 100% match, the casino will match your deposit dollar for dollar. So for example, the welcome offer is 100% bonus up to $300. If you deposit $100 the casino will give you a $100 bonus and you will have a balance of $200 to play with in the casino. If you deposit the maximum amount for this bonus you deposit $300 and the casino matches you 100% and gives you $300 bonus. So your total playable balance in the casino would be $600. Of course there are many variations of welcome bonus offer, even 200% or 300% offers so make sure you hunt around for the best value offer.
Don’t get caught out by the casino rules
You might have made your deposit in the casino and you are lucky and win some money! But before you celebrate too much, you will need to know how to withdraw your winnings. This is where many people get caught out. You must be aware that all bonuses have a set of requirements that must be met. Bonuses usually have a minimum deposit value or $10 or $20 and a minimum withdrawal amount which may be $50 in some online casinos. There will also be a maximum bet amount you can use whilst playing with your bonus money. This may be set at $2, $5 or $10. You will need to read the terms and conditions for the bonus to make sure you don’t go over this amount. In the event that you break the terms and conditions the casino is able to withhold your winnings and you won’t make any money from your bonus.
Casino Bonus Wagering Requirements
You will also need to meet the wagering requirements of your bonus. This is an amount you need to play through before you can withdraw your winnings. Usually this is a multiplication of the bonus amount. However it can be a multiplication of the bonus plus the deposit amount. You must check this before you make your deposit so you know how much you’ll need to play through. This multiplication amount can be anywhere between x30 and x50. We would avoid playing anywhere with higher wagering requirements since the more you need to play through, the more chance you will lose your winnings back to the casino.
You don’t have to use your own money
You will find some casinos offer you the chance to play for free. You might get a $20 free chip. If you lose, well you lose nothing. If you win you will still need to meet the requirements of the no deposit bonus. The same applies for free spins. You may receive free spins on a particular slot game. This may be given to loyal customers to promote a new game. It might also be part of your welcome package offer. Free spins is a great way to try a game without risking losing your own money.