First of all, you may ask; why do online casinos even offer this “free” money?
It's part of their marketing and differentiation strategy. In short, online casinos are generally “skins" of a particular software provider, so actually behind the different owners, graphics, licenses etc under the hood there isn't much difference between say all Playtech powered casinos, or all Microgaming powered ones.
So, if it's mostly the same under the hood, there needs to be some sort of difference that will convince you to play at online casino “X" and not “Y". Besides graphics, licensing, support, and reputation, another way to promote potential players is to give them something, in this case, a bonus.
Having put that aside, the next question you might ask yourself is: OK, so Casino
The answer here is also quite simple. To claim a bonus at an online casino you will usually need to make a deposit, unless pragamatic slots specifically states that you don't, but we'll get to that later.
Before we get into the beef of the different types of bonuses offered at online casinos, here are some additional terms and points you should be aware of, so you can clarify them with a support representative before claiming a bonus, just so you know where you stand and what you're getting into. you claim.
1. Wagering Requirements: Most bonuses have wagering or playthrough requirements, meaning you have to play a certain amount before you can withdraw winnings from your account. The average wagering requirement is usually between 15 to 40 times, but pay attention to what you have to bet. In some cases, it is just the bonus X times and in other cases you have to wager the bonus + your deposit amount X times. By the way, the latter is more common.
Another interesting tidbit that you should note regarding wagering requirements is, that at most online casinos, if you request a withdrawal before you have completed the wagering requirements, all your winnings to date will be void. Not really fair, but it is reality.
2. Games played: Make sure you read the T&C in this case. Since slot games are generally the most profitable games for online casinos, many bonuses tend to only apply to slot games. Usually scratch cards and keno will adhere to this rule.
In other cases, you will be allowed to play your bonus on all games; however not all games will count 100% towards playthrough requirements. For example playing on slots will count 100% but roulette will only count 30%, meaning you really need to bet more than three times as much to clear the wagering requirements and withdraw your winnings.
3. Minimum deposit requirement: In most cases, to claim a bonus, you will be required to make a minimum deposit, which again can vary. This is generally a small amount that you will probably deposit. Usually no more than $50.
Now that we are all on the same page and speaking the same language, it is time we discuss the main types of bonuses available at most online casinos.
1. Match Bonuses are the most common type of bonus. For every $ you deposit, you will be credited X% of what you deposited by the casino. So, if, for example, casino Z offers a 100% match bonus, deposit $100 and the casino will give you an additional $100 in bonus money. This means that you actually start playing at the casino with $200. Match bonuses are almost always limited to a certain maximum bonus amount you can claim. Match bonuses can be standalone bonuses as part of a promotion (more common at US-friendly online casinos) and/or as part of a welcome bonus
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