Online casino bonuses benefit both players as well as online casinos. While bonuses benefit online casinos by helping them retain existing players and attract a larger base of new players, they benefit players by helping them play risk-free online casino games and build up a large casino bankroll.
Online casinos offer different types ranging from no-deposit bonuses to loyalty. Bonuses are definitely free casino money, but players must understand that bonuses cannot be withdrawn at will. For instance, casinos that offer no-deposit bonuses associate a number of terms and conditions with those bonuses to prevent players from cashing out their bonuses. This is because casinos give away bonuses to not only attract players, but also encourage them to play for real money. Casinos, therefore, have devised a number of ways to protect themselves from bonus abuse.
Before claiming a bonus, players should understand the bonus requirements properly. Almost all are associated with “wagering requirements.” For example, an online casino that offers a first deposit bonus of 100% up to $100 might also have a wagering requirement of x10 the bonus amount or the bonus plus deposit amount. This means that players can claim up to $100 on their first deposits at this casino, not more than $100; and if they want to withdraw their bonus amounts and any cash prizes won using that bonus, they need to play through their bonus amounts or bonus plus deposit amounts 10 times before making a payout request.
Casinos can also set deadlines for players to meet their wagering requirements. If players cannot meet the wagering requirements within the given deadline, they will forfeit either their entire bonus or part of it, depending on the casino policies.
Bonus requirements, however, vary from casino to casino, which is why players need to read the fine print before grabbing any bonus offer. For instance, some online casinos will not allow players to withdraw their bonuses although players are free to withdraw their bonus winnings once they satisfy the wagering requirements. Such bonuses are known as “sticky bonuses.” Most no-deposit bonuses or bonuses offered as rewards for signing up are sticky bonuses.
Top 5 recommended casinos with great bonuses:
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