Since casinos are always in a competitive environment, there is a constant need to invent fresh techniques to entice new gamers and keep retain the loyalty of current players. The most effective way of achieving this is through the consistent roll out of bonuses. So, what are they about?
Well, in this review, we’re going to help you understand every aspect you need to know about casino promotions. Some of the aspects that we’ll break down today include coupon codes, wagering requirements, types of bonuses, withdrawal restrictions as well as the cashable and non-cashable offers. Let’s get right into it!
The wagering requirement usually abbreviated as WR is the total sum of playthroughs a deposit+bonus which has to be staked before the rewards can be withdrawn. They can also be termed to as through requirements and are usually put forth with a numerical figure and a multiplication symbol(x). For instance, the wagering requirements for a welcome bonus may be placed at 35x deposit. This means that you need to play the reward amount 35 times before you are allowed to cash out.
Through these playthrough requirements, the betting sites tend to balance out the rewards by ensuring that they get something from the bonuses they give away. These conditions may vary from one offer to another and similarly, from one gambling website to another.
Playthrough requirements depend on the bonus contribution and the games offered in the casino. In most cases, not all games count towards the playthrough requirement. As such, you need to know which games are allowed, the percentage contribution of each game and which aren’t allowed whenever you take on any reward. Keep in mind that smaller bonus contribution games that have a lower house edge take longer for you to fulfill the wagering requirements. The following is a sample list of game weightings by percentage contribution to wagering requirements at a gaming site:
- Video Slots- 100%
- Classic Slots- 75%
- Roulette- 50%
- Other table games- 10%
- Progressive Jackpots- 0%
- Video Poker- 0%.
In some instances, casino sites will use coupon codes when awarding you their bonuses and ask you to redeem the code when you do decide to claim the bonus. Without using these codes, you may automatically be disqualified from receiving the reward. Therefore, you should always read and understand the bonus terms and conditions before you play any game.
That way, you aren’t going to be met by any nasty surprises. Usually, bonus codes are tied to specific games or issued on specific days of the week or special events like the World Cup. Failure to use the codes within the exact periods, events or games will result in the cancellation of the bonus. As well. For example, if you claim a slot- only bonus code, you will only need to play slot machine games alone as they are the only ones eligible for this reward
Cashable and Non- Cashable Bonuses
One thing you should closely pay attention to when signing up for a bonus offer is whether it is cashable or non-cashable. In most cases, non-cashable ones are usually very high. For example, a 200% bonus can be matched to your deposits. This means that, once you receive the reward money, you can only use it to play in the specified games. You can’t cash out this money as it’s meant only for playing in the lobby.
Cashable bonuses, on the other hand, are yours to keep once you meet the wagering requirements. Moreover, they have a bigger value in your potential winnings even if the amount itself seems small as compared to non-cashable ones. So next time, you go collecting your casino bonus, make sure you consider this distinction beforehand.
Main Types of Casino Bonuses
Now that you know the basics of the promotions offered by betting sites, let’s have a look at the types of popular casino bonuses available and what they are all about. The most popular include;
1. The Welcome Bonus
This type of reward is issued out to new gamers upon making their first sign up. The welcome bonuses are meant to encourage new membership and advertise the games that are available at a particular site. Casinos have different welcome bonus rates, but most of them set the bonus as a percentage of the deposit placed.
For instance, 100% on £100 deposit would mean that you are handed an extra £100 upon making an equivalent depository amount. However, this new player offer may come in many other forms depending on the gambling site that you are signing up at.
2. Match Bonus
This is referred to as a deposit casino bonus, and it’s a great way of boosting your bankroll. All you have to do is make a deposit at the casino account before you can claim the associated bonus which is usually specified as a percentage of the deposit.
You should also note that all casinos have to specify the minimum deposit that has to be made in order to be eligible for the bonus and the maximum amount of the bonus that will be awarded. A match bonus is most commonly given to new players who make their first deposit. However, it can as well spread out over a number of subsequent deposits.
3. No Deposit Bonuses
An NDB is definitely one of the best bonuses available in all casinos, and it is usually the easiest to claim. There is no need to deposit your own cash to receive the bonus. All you have to do is register an account at the casino of your choice and you will receive the money to start playing. It can also be awarded for some special games or in special occasions at a casino.
A common limitation with a no deposit bonus is that there is a maximum amount you are allowed to withdraw using the promo.
4. Loyalty Bonus
They are given to you once you reach a certain status at the casino. The amounts and types of the bonus will vary from one gambling site to another. Loyalty bonus may take different forms like exclusivity deals where the house offers its members special treatment and VIP bonuses which are open and exclusive to the top players. Loyalty bonuses can be cash rewards or even real prizes such as holidays and gifts.
5. Free Spins/Game Rounds/Bets
This is another popular casino offer that gives you a chance to play without spending your real cash. The free spins bonus is especially common for the slot machine games, but you may also receive free rounds in other games like bingo and roulette. They do this to sharpen your skills, encourage you to check out new games and just give you an all-around fun gaming experience with them.
6. Other Offers
Apart from the above-mentioned rewards online betting sites also give players promotions such as referral bonuses, reload rewards, cash backs and even insurance promotions in the case of sportsbooks.
Conditions for Withdrawing Bonus Rewards
This is the most important condition which comes with all bonuses because if you make a mistake, gets nullified with immediate effect. For instance, in most betting sites, your rewards are nullified in case you withdraw any cash before meeting the wagering requirements. The only thing that may perhaps stick around is the extra spins which are saved to your account independently from your bonus cash.
So, as a rule of thumb, make sure you read and understand the casino’s withdrawal terms and conditions in terms of the payment system casinos prefer to use, wagering requirements, minimum and maximum withdrawals and any codes that may be stipulated.
Pros and Cons of Casino Promotions
Much like everything else, bonuses to have their benefits and disadvantages. Below are the highlights of their merits and demerits:
- They encourage you to join the world of online gaming, for instance, the sign-up bonuses.
- Since bonuses serve as a means to retain existing players, they open doors for you to earn casino credits and free cash deposited into your account.
- Some bonuses eliminate the risk of losing your money in a bet. An excellent example is the no deposit bonuses where you play any game without losing your money.
- They encourage your frequency to play in casinos to increase your winning opportunities. This is especially the case for monthly and weekly bonuses.
- Free Spins are an additional exciting feature to improve your gaming skills and have a fun gambling experience trying all sorts of slot machine games.
- Not all casino bonuses apply to all countries.
- Bonuses come with wagering requirements that sometimes may be too difficult to fulfill
- Some promotions have short time restrictions and you could easily miss out
If you are ever unsure about the terms and conditions that apply to a bonus, don’t hesitate to contact the casino’s customer support for clarification. So, if you ever feel that you don’t understand what the house requires of you upon claiming the offer, don’t get frustrated. However, each casino’s bonus terms are made easy to understand even for beginners.
Summing it Up
By now, you should have clearly grasped the most important promotional aspects that will help you out once you claim any of them. Before anything you should always pay attention to their terms and conditions and make them work to your advantage to enjoy the bonuses offered. Feel free to let us know your favorite types at online gaming sites.