How It Works
Deposit bonuses are the most common type of casino bonuses. These bonuses are offered to new customers who make their first deposit with the casino and can range from anywhere between 50% and 300% of the initial deposit amount. Once in your account, these deposit bonuses will give a significant boost to your bankroll but will also come with some restrictions.
Namely, practically every casino provider will ask you to play with the bonus money before going ahead and trying to withdraw it. This is done to protect the casino from fraudulent activities, but also to make sure you actually experience the real money casino games instead of just trying to pull off a quick win.
Most casinos will require you to play with the money you received between 25 to 50 times before withdrawing. Once you have wagered a sufficient amount of money, you will be allowed to cash out the bonus and the winnings.
Some of the more popular online casino bonuses include the ones at 888 Casino, Casino.com, Spin Palace and Leo Vegas. Depending on the casino, you may require special casino bonus codes in order to claim your deposit bonuses.
Wagering Requirements Attached to Bonuses
As we already mentioned, casinos will require you to play with your bonus money before cashing it out. We said that the common playthrough requirement will be some 30x the bonus amount on average but there are additional rules. Namely, most casinos will only count your wagers at online pokies for 100% of their value, while wagers made at table games will count for less.
Let us explain in an example. Let us say a casino is giving a 100% bonus up to $200. You deposit $200 and receive another $200, for a $400 bankroll in total. Now the casino tells you they have a 30x playthrough requirement you need to meet, meaning you need to play wager $200 x 30 which is a total of $6.000 in wagers. This seems doable with a $400 bankroll for sure.
But the casino also says that they only count pokies for 100% of value, while Roulette, Blackjack and other table games are counted for 20% of the wagered amount. This means you will need to make 5 times more bets playing these games to clear your playthrough requirements. At this particular casino, you would need to wager $30.000 at table games to clear your entire bonus.
The casinos do this because it would be extremely easy for players to clear bonuses using simple systems at Roulette and other table games such as the Martingale system to nearly guarantee that they will get to keep the bonus and make some short term profit. Casinos want you to actually gamble with the money, which seems fair enough seeing as how they are gambling sites. If you do prefer to play table games, the option is there, but it will be much harder to clear your bonus.
How To Choose a Welcome Bonus
Some casinos offer big deposit bonuses with huge wagering requirements. This means you may get to practice play a lot but cashing out will require dedication gameplay. Smaller welcome bonuses usually have a smaller wagering requirement.
The standard choice for a new player would be to take a large bonus and play a lot just to get the hang of the games and for more seasoned players to take a smaller bonus – if any at all. Players should check to see what games will contribute towards your wagering requirements. A lot of casinos offer varying percentage contributions – depending on the games you play (slots are usually 100%). Make sure you check the General terms and conditions of play before you accept a bonus.
The choice is up to you and it will really depend on what you are after.
The "No Deposit" Bonus
Unlike a deposit bonus, a no deposit bonus does not require a new customer at an online casino to make any deposits. Instead, these are usually given out to players upon registration to simply give the real money games a shot with no real money deposits needed. Some no deposit bonuses can also be claimed using special casino bonus codes offered at special occasions.
The value of the no deposit bonuses is usually smaller than that of deposit bonuses and unlike deposit bonuses, you are seldom allowed to withdraw the bonus amount. What you will be allowed to withdraw is the winnings you make playing with the bonus amount, but this too is limited.
A good example of a no deposit bonus is the 888 Casino no deposit bonus worth $50. The bonus gives you $50 into your player account to play with and allows you to play certain select games with this money. If you make some profit you can keep up to $15 of that upon bonus being cleared. To clear the bonus you will need to wager the $50 at least 30 times.
Do I Really Ever Get To Cash Out?
Yes, some players do manage to cash out some winnings from no deposit bonuses. While playing through the money 30 times or more is not easy, it is doable and if you get a little lucky you may win big. The truth is no casino will let you walk away with all of your winnings, but it was a freeroll in the first place and you got to try out the real money games for free.
What most casinos do allow is for players who win Jackpots to take their winnings. This means if you get exceptionally lucky and win one of the progressive jackpots at the pokies, you can keep the entire amount, which can be in the millions. While chances of this happening are slim, you aren’t really risking anything.
Conclusion: Bonuses Rock
Online casino bonuses are really the bedrock of the online casino industry and they really make playing pokies and table games online way more lucrative than playing live. Coupled with higher payouts and more games on offer at the online casinos, there is really little reason to go back to playing live ever again.
We absolutely recommend taking advantage of the fantastic choice of casino bonuses on offer right here at our site and using these to boost your bankrolls and win at online casinos.