Casino bonuses are a popular methodology of user-attraction that online casinos have been using very actively in recent years. Most of these bonuses consist of gifts that the casinos make to new (or constant) users, which are often tied to other conditions.Get Lucky Dino Bonus
Furthermore, casinos tend to offer a wide variety of bonuses. It all depends on which offer you’re presented with, but in most cases, new users are welcomed to online casinos with the option to play free slots in the virtual machines.
Before withdrawing your earnings from the online casino, you’re likely going to need to spend a few of your own euros before. This is a methodology used by the casino to ensure that you’re committed to their site, but it also means that you might lose the earnings from your bonus before you’re able to withdraw them.
Keeping all of this in mind, is it worth it using the free cash and spins that you get in a casino bonus? Or are you better off playing freely with your own money, without the restraints that come with the bonus?
What is a Casino Bonus?
A casino bonus can be seen in many ways. Generally, a casino bonus is a free offer that a casino makes to a user in exchange for their commitment to their website. As such, casino bonuses are tied to terms and conditions which might be similar in some casinos, but all have different exceptions that make some bonuses more worth it than others.
In fact, most casino bonuses are optional. Since you’re getting a series of conditions to go along with your free money, that means you can select not to be part of these conditions at any given time. Some of these conditions might mean that you won’t be able to cash out money before spending a certain amount on the casino.
In any case, most casinos offer you the chance to take their bonuses and then opt out of the offer whenever you want. These offers vary from deposit bonuses (you might get over 100% of your deposit in free cash) to slot spins in other casino games.
If you’re looking to play in a new online casino, you might want to see which offers they have available before you sign up to their site. We recommend looking for casino bonuses that give you the chance to play for free whichever game you like the most.
How to Get a Casino Bonus
Earning a casino bonus is the easiest way to the path that leads to free money. Most casinos offer you the chance to get free deposit bonuses, free spins in their slot games, and many other features by simply creating an account. That’s it. You’ll be eligible to receive the bonus as long as the casino supports the service in your country.
There are some rules that you have to respect before receiving it, though. For example, most casinos allow just one household to partake in their bonuses. If you use a VPN to avoid detection or if you try to bypass their conditions and you get found out, the casino will most likely block your bonus and close your account.
The most popular type of casino bonus is what’s referred to as a Welcome Bonus. Welcome bonuses are special offers that casinos have to encourage new players to join their services. A welcome bonus is offered by almost every single online casino in existence, thus making it the most popular kind of reward.
Regardless, there are also promotional bonuses which can be obtained by meeting certain criteria within the casino website. These types of bonuses often share some similarities with regular welcome bonuses, but they have different conditions attached to claiming them.
Types of Casino Bonuses
Welcome bonuses and promotional bonuses can be presented in different ways. The conditions that you must meet for each of them are different, and so are the rewards that they offer. To get a better understanding of how casino bonuses work, check out our guide of types of casino bonuses.
A deposit bonus is an extra money reward that gets credited to your account with your first deposit. Most of the times, deposit bonuses are accompanied by other spicy rewards, such as spin bonuses and other types of free stuff.
Deposit bonuses are often given depending on the amount of money that you put into the site – you’ll rarely see a website offering a given amount of money as a reward. Thus, you’re likely to encounter a 50% deposit bonus, for example, which means that if you deposit €100 to the site, you’ll be getting an extra €50 as a reward.
There’s usually a limit tied to these bonuses (most casinos set the maximum bonus amount to €200). You’ll also have to bet a certain amount of your own money on the website before being able to withdraw your bonus earnings.
No Deposit Bonus
Often known as the most difficult types of bonuses to cash out, no deposit bonuses are free spins or a small amount of credit cash that you get in any casino site without having to commit financially to the service. Even though these bonuses are free, meeting the required criteria to be able to cash them out is very difficult.
Most of the times, you’ll have to spend at least 30 times the amount of your earnings in other bets before being able to withdraw your earnings from the site.
Free Spin Bonus
Free spin bonuses have become extremely popular in recent times, mainly because the casino doesn’t give you a determined amount or percentage of money, but instead provides you with the opportunity to play their popular slot games with no strings attached.
Depending on the money you make from these free spins, you’ll have to spend a certain amount of your own cash before being able to withdraw it.
Some online casinos give you free spins after making your first deposit, in which case you’ll have to meet fewer criteria than you would have to if the spins were given out for free. There are some other websites that offer you 10 or 20 free spins, for example, but you’ll have to wager a lot of money before collecting the profits.
Most casinos hold special contests for their long-term players. These are usually the most beneficial bonuses, but as such are also the hardest ones to obtain. You might need to be part of an online casino for a period of over a year before being able to benefit from a loyalty bonus, or you might need to wager a certain amount of money first.
These bonuses are also not limited to a certain type of reward. Furthermore, they can be seen in various forms depending on what the casino has to offer. We’ve seen plenty of casinos offer special prizes in loyalty competitions where players get the chance to earn a free trip around the world, or paid vacations in luxury hotels.
Some loyalty bonuses aren’t tied to high-wagering or long-term customers. At times, you may qualify for a loyalty bonus after playing in a casino for just a few months. Some of the benefits you might get are lower withdrawal limits or even higher bonuses in certain slots games.
However, given that these bonuses are tied to what each casino wants to offer, you’ll have to find out for yourself which casino offers the best loyalty bonuses and what are the conditions related to each of them.
Cashback bonuses are offered by casinos as a way to ensure users that they would get some of their money back, should they lose it while betting in any of their games. Most of the times, casinos tend to offer cashback bonuses by giving users bonus credit on their site, allowing them to continue playing without depositing additional funds to their accounts.
Likewise, other casinos like to compensate their players with a straight up cash payment. For example, after you’ve lost a certain amount of money in an online casino, you might be entitled to receive some of your lost funds back if they are offering such a service.
These bonuses are dependent on how much cash you’ve lost by betting on any given casino and are less beneficial than no deposit bonuses. Regardless, they’re seen as a nice one for casinos to recognize their player base even when they’re on a bad streak.
Why Do Casinos Give Bonuses?
To put it in a few words, casinos offer bonuses to encourage you to spend more money on their site. At times, you might find that you’ll have to spend more money to claim what you’ve earned through the bonus – when this happens, just be sure not to be at a loss. If you see that you’re starting to lose your potential profits from the bonus, opt out of it.
The best way to see a casino bonus is as if it was a marketing stunt. You might earn a ton of money out of your bonus (you might also lose as well), but the casino will always see it as a way to attract new customers or keep a hold of long-term members of their community.
Say, for example, that you earn a couple thousand euros by betting on any given online casino with free rewards. You’re highly likely to keep betting on the same website, which increases the casino’s chances of making some of the money back, and you’re also way more likely to tell your friends or family about the site, which increases their player base.
Calculating Your Profit & Loss Margins – Are Casino Bonuses Worth It?
There is no universal answer to this question – each casino offers different bonuses, and each of them comes attached to different conditions. A casino bonus will be worth it depending on whether these conditions play in benefit of the player, or if they do so in benefit of the casino instead.
At the end of the day, you have to understand that online casinos are businesses and, as such, they always aim to make a profit. The difference always falls on whether they aim to make a profit directly from their bonuses or if they want you to stay playing with them for a long time.
Take into consideration the odds that the casino games offer before opting for a casino bonus. If you see that the conditions that come with the bonus are fair, you might want to select it. On the other hand, if you see that the casino will give you too much hassle before being able to withdraw your earnings, you might want to move on to another casino altogether.
The best way to know if a bonus is worth it is by calculating how much money you’ll make depending on the house edge. If you multiply the house edge by the amount you wager, you’ll get an estimated amount of earnings per game. Try to choose a casino that offers you a bonus on a game with a low house edge before financially committing to it.
Understanding Casinos Bonus Terms
The bonus terms attached to each bonus vary a lot, but some are very basic and similar in every online casino. We’ve made a list with some of the most basic guidelines that you’ll have to follow when opting to earn a casino bonus.
- Casino bonuses need to be withdrawn after betting a given amount of real money, which is set depending on your bonus earnings. For example, if you earn €50, you might need to bet up to €1500 before cashing out your price
- Casino bonuses are restricted to certain games
- Always use your real information when registering to a casino website, otherwise you risk legal action taken against you – never use VPNs to earn the same bonus multiple times
- Some bonuses have a pre-established max withdrawal amount, which means you won’t be able to take out more than a given amount of money even if you’ve earned it with your bonus spins or credits