Online Casino Bonuses

Different Types of Online Casino Bonuses

The specifics of a casino bonus may vary greatly, as some are designed for new players and others are there to reward existing customers. The main types of casino bonuses include:

• Deposit Bonuses: Deposit bonuses will reward you with either cash or free spins, but they require you to make a deposit in order to unlock the prizes.
• No Deposit Bonuses: No deposit bonuses are the most desired bonuses, as they don’t require any deposit from the player. They’re a great way to try out online gaming without risking any of your own money, but they also usually have the most complex and restrictive fine print.
• Cashback Bonuses: Casino cashback bonuses don’t offer you anything upfront, but reward you based on your play. Also called win-back or second chance bonuses, they’ll guarantee to return a portion of your losses in the event that you have some bad luck.
• Free Spins Bonuses: Free spins bonuses are specifically for slot players and are in the form of spins instead of money. They sometimes (but not always) require a deposit from the player and may also have restrictions on withdrawing any winnings.
• Welcome Bonuses: Sign-up bonuses may consist of one or various deposit or no deposit bonuses. These are the rewards that players get as soon as they register in an online casino.
• Loyalty/VIP Bonuses: Loyalty bonuses and rewards offered in VIP casinos are prizes awarded to those who have spent a significant amount of time in an online casino. They're typically earned through in-site spending and advancing through different VIP levels.
• Free Money Bonuses: Free money bonuses can be obtained in various ways, often with a bonus code or as part of the registration process. They allow you to earn free cash to spend in one or various areas of an online casino.
• Referral Bonuses: These are awarded to players who encourage others to use the site. They may receive a bonus when a friend signs up, or when they play a certain amount, and the other person usually receives a bonus as well.
• Game-Specific Bonuses: Some bonuses, be it free spins or free money bonuses, are meant to be spent on one specific game. These rewards are very popular in modern online casinos.
• Device Bonuses: Some bonuses can only be obtained if you claim them through certain devices. For example, mobile casino bonuses are only meant to be claimed if you access the site through its mobile app.
• High-Roller Bonuses: High roller bonuses are rewards given to players who are willing to spend a lot of money and play with a significant amount of cash in an online casino. They are usually found in the shape of welcome bonuses, but they can also come as part of loyalty rewards.
• Recurring Daily/Weekly/Monthly Bonuses: Many bonuses can also be obtained on a daily, monthly, or weekly basis depending on the casino.

Recommended Online Casino Bonuses by Preference

If you are thinking of claiming an online casino bonus, there are many options to go for. This can make things rather complicated, as you may not know which bonuses are better than others. To help make things easier, we have a collection of top online casino bonuses to suit different gaming preferences:

Online Casino Bonus Terms You Should Know 

Before claiming online casino bonuses, it is essential to carefully read through and understand the terms and conditions of the offer to avoid any surprises. The bonus terms are the "fine-print" which specifies all the important details to note regarding the bonus. The most common bonus terms include:

Bonus Wagering Requirements

Almost every bonus comes with wagering requirements attached. Wagering requirements are easy to understand: you need to wager the bonus amount a certain number of times before you can withdraw the winnings from that bonus. 

Here's an example:

• A deposit bonus with a 100% match deposit up to €50 reward and a x40 wagering requirement mean that you would need to wager €50 a total of 40 times before you withdraw the bonus.

The wagering requirements of any online casino bonus are crucial to understand before deciding to claim a bonus. Ultimately, they tell you how much you will have to wager before you can claim any bonus winnings.

Withdrawal Rules

The withdrawal rules outline the amount of moneu and frequency you can withdraw after fulfilling the wagering requirements. TYou should also be able to tell whether a bonus is cashable or non-cashable.

• Cashable Bonuses: These are bonuses that you can withdraw as real money after you meet all the associated wagering requirements.
• Non-Cashable Bonuses: Also called ‘Sticky Bonuses’, these only count as money on the casino’s website. They can be wagered and used to win real money, but they cannot be withdrawn as such themselves. Any winnings they generate, and any money deposited as part of their match requirement, can still be withdrawn.

Withdrawal rules in online casinos often come with minimum and maximum transaction limits, which determine the amount of money you can withdraw after using a no-deposit or cashable bonus.

For instance, a casino might offer a $10 no-deposit bonus to new players and allow them to withdraw any winnings up to $100. This means that any amount exceeding $100 while using the bonus money will be forfeited.

Bonus Timeframes

You should also look out for the amount of time you have to complete the bonus. This can range from 24 hours to more than a week and should always be clearly stated in the T&Cs. Longer timeframes are typically better, giving you more time to really make the most of whatever bonus you've claimed.

Don't Forget About Bonus Codes

In addition to wagering requirements and withdrawal rules, you’ll also find offers that are activated with a code. You’ll usually need to enter the code during registration or by going to the site’s cashier. You can find casino bonus codes in three main ways:

1. Checking The Casino Wizard’s top-rated casino bonus codes
2. Obtaining the bonus codes directly from the casino
3. Receiving the bonus codes in a promotional email

How to Choose the Right Online Casino Bonuses

There are a few things to look out for when you're deciding which casino bonus you want to claim. Here are the main steps you should take:

• Read casino reviews and try to get a feel for the casino's vibe and general reputation.
• Browse the bonuses and bonus reviews on The Casino Wizard - we've vetted them all and can vouch for the quality and reliability of every bonus on our site.
• Make sure your chosen bonuses align with your gaming preferences. There's no point claiming a bonus if it won't help you play games you like.
• Make your choice and register with the casino.
• Make sure you enter any required bonus codes during registration or with the cashier if applicable.
• Make sure the bonus has been activated and start playing!

How to Turn Online Bonuses into Real Money

Claiming online casino bonuses is fairly simple. However, transforming the bonus into real withdrawable money is a slightly more challenging task. To do so, you must understand the bonus terms before withdrawing any winnings.

Here is a strategic approach to help enhance your chances of winning real money:

1. Activate the bonus: Once you have created an account or collected a bonus, make sure you activate it before doing anything else. Some bonuses need to be manually activated which you must always consider before playing with the bonus not active.
2. Play high RTP games: In order to complete the wagering requirements, it is advised to play slots with a high Return to Player (RTP). The higher the RTP, the lower the house advantage. 
3. Consider low-to-medium-volatility slots: When choosing games, it is recommended to play slots with a low to medium volatility as they are less likely to burn through your bankroll as quickly as high volatility games.
4. Maximize your bonus: Upon claiming a deposit bonus, we advise you maximize your potential earnings by depositing the maximum amount to enhance your bonus bankroll if possible. For instance, depositing $10 on a 100% bonus would give you an extra $10 to play with, whereas depositing $100 would give you another $100 in bonus cash.
5. Complete the bonus terms: Before claiming another bonus or trying to withdraw any winnings from your account, we recommend completing all of the bonus terms. Once all of the bonus conditions are met, you will be able to withdraw any winnings from the bonus without issues. 

How We Evaluate Online Casino Bonuses

Here at The Casino Wizard, we consider several critical aspects of online bonuses to ensure our picks can be fully recommended and are 100% trustworthy. We evaluate our bonuses based on the following criteria:

• Regulated and trustable casinos: To ensure our readers are kept in safe hands, we recommend casinos that are licensed and have a renowned reputation. Licensed casinos must comply with strict rules from regulatory bodies to ensure player protection and well-being is prioritized.
• Fair terms: In addition to casino reputation, we also thoroughly inspect the bonus offer by reading the terms. This ensures that bonuses are transparent, with easily attainable conditions and have a realistic possibility of transforming into real withdrawable money.
• Flexible timeframe and withdrawals: We prioritize the importance of withdrawals and times, as some bonuses may have harsher rules regarding these two aspects. The best bonuses are those that do not expire within several hours and those that have convenient withdrawal rules for an overall better experience.
• Generous bonuses: We consider ourselves the go-to site for online casino bonuses. Before recommending an offer, we make sure the bonus is incredibly rewarding, to ensure players are presented with an opportunity to claim the best online casino bonuses. 

Responsible Gambling with Online Casino Bonuses

We always advise gamblers to play responsibly. Claiming online casino bonuses is a great way of hitting the ground running at a new casino. However, you must always consider the potential risks and harms of gaming.

Responsible gambling is key to claiming bonuses and enjoying online playing. The general rules for responsible gambling include setting a budget, playing within a set timeframe, knowing when to quit and never chasing losses. 

Conclusion

The benefits of online casino bonuses certainly outweigh the drawbacks. However, it is crucial to consider the terms and the fine print of a bonus before claiming it. If you are unsure how to get started with online casino bonuses, browse our recommended picks to find the best offers with fair and transparent conditions. Collect your preferred bonus and begin your gaming adventure with a generous reward to get off to a flying start!