What Should U.S. Players Know Before Accepting a Casino Bonus?
Online casino operators use bonuses such as free spins and deposit matches to attract and retain players. When players choose an online casino, the bonuses it offers are one of the deciding factors. Players who want to get the most out of these bonuses need to learn more about them. Just because a bonus is a high figure doesn’t always mean it is the best one.
Why reading terms and conditions is a must
Almost every online casino bonus comes with wagering requirements attached. When players receive an offer, the email or text message usually contains a link to the T&Cs. Terms and conditions attached to bonuses are not universal across casino brands or even between offers for the same online casino app. This is why it is so important to read them carefully.
Players who receive a bonus have to risk that value on the casino’s games to a specific extent before they can withdraw any winnings as real money. In many cases, bonuses have a 30x, 40x, or even 60x wagering requirement. If it weren’t for these requirements, players could just cash out after receiving a bonus without even playing games.
Common wagering requirement terms
Players may find that certain games don’t contribute to the wagering requirements. In many cases today, the only game players can play to get a chance to cash out a bonus is slots.
Some bonuses require players to use them within a specific period. This may be in less than 30 days, and in some cases it may be in less than a week.
Players need to decide whether the wagering requirements are realistic for them in terms of time and eligible games. They must also check how much they need to deposit to activate a bonus.
Different bonus categories
New technologies are creating opportunities for developers of digital apps in the casino space, and digital commerce is flourishing. With the growth of online gambling, players are being offered many different types of bonuses.
Free spins
Many online casinos offer some form of free spins. In most cases, they are linked to specific online slots, such as popular or new slots. Players play for free and can withdraw their winnings as long as they meet the wagering requirements. New players usually receive free spin bonuses, but regular players may also receive them when depositing a new amount or reaching a new level in a loyalty program.
No deposit bonuses
This is the most desirable form of bonus as players don’t have to make a deposit to receive but it is also very rare nowadays. The wagering requirements are usually higher for this type of bonus, and players usually have to wager the money over a short period.
Deposit match bonuses
A deposit match bonus is where operators match a certain percentage of the initial deposit players make after signing up. It provides them with some extra funds to extend the time they can play. Some casinos use bonus codes, and others input the deposit match bonus automatically. The amount will vary depending on the platform. With a 100% deposit match bonus, players effectively double up on their deposit. It’s a great way to try out casino games without risking funds.
Cashback bonuses
Playing casino games is all about taking risks to win money. It isn’t the best way to try and meet your financial goals, as the risks of losing money are high. Players who are experiencing a losing streak can get some of their money back by using casino cashback offers. These bonuses are linked to the net loss players experience while playing for some time. The casino calculates the loss and offers a certain percentage of it back. The bonus goes directly into the player’s account and adds to the balance, so players can play for longer.
