- Different Types Of Casino Bonuses
- What Is The Purpose Of Casino Bonuses?
- How Do Casino Bonus Percentages Work?
- How Do Casino Wagering Requirements Work?
- How Do I Get A Casino Bonus?
- How To Evaluate The Best Casino Bonuses
Casino bonuses are what ultimately seals the deal for many players looking to sign up to a casino.
Lucky for you, The Genie also loves a great casino bonus. He has helped us put together this guide so you can pick the best casino bonuses for 2020.
Different Types Of Casino Bonuses
This guide should help you see what’s best for you to help you make a savvy choice!
Sign-Up Deposit Bonus
The first bonus that greets a player signing up to a new casino is known as the Sign-up Deposit Bonus. This bonus is solely for new players signing up to a casino and depositing funds. The amounts vary from one casino to the next, but the same principle applies; A player who registers and deposits the required amount, will receive a match bonus.
Instead of offering money to gamble, many casinos offer bonus spins to new members instead. That means you get a free go on selected games (often slots – hence ‘bonus spins’ or ‘free spins’).
Free spins and money bonuses are different ways of presenting something very similar – the chance for you to gamble without using your money!
Bonus spins are usually packed together with other bonuses.
Believe it or not, no deposit casino bonuses are a lot like standard money bonuses – only you don’t need to make a deposit! (Maybe you guessed that from the name?) A no deposit bonus is the perfect way to start gambling on a site you’ve never used before, since you get to bet using your bonus funds, without putting up your own money on the line.
Also known as a reload bonus, this bonus is for players who keep on depositing at the same casino. Usually, the operator wants to reward the player for their loyalty, so they provide them with a match bonus. The reload bonus is awarded when you make another deposit into your account. Reload bonuses tend to be less generous than first deposit offers, ranging from 25% to 75%.
Referral Casino Bonus
Customer retention is important in the casino industry, and networking has become the staple norm for plenty of business models. Some casinos give casino bonuses to players who recommend friends over to their site.
Some sites give new players a cashback bonus. The money is usually a percentage of the losses for the month. There is usually no wagering requirements for this type of bonus offer.
Some promotions are attached to some games online. Sometimes it could be a cashback bonus on a particular slot game or a reload bonus for a set of games.
Probably the most popular type of casino bonus, it matches the amount you deposit up to a specific amount as set out by the casino. It is important to read the terms and conditions before claiming a bonus to ensure that you are getting the best deal possible.
Match bonuses tend to start from as little as 25% going up to 500%. If you are depositing £50 and the offer is a 100% bonus, you will receive £100. This money cannot be withdrawn and will immediately be converted into bonus cash for you to use on casino games.
High Roller Bonus
High Roller bonuses are for players who like to make significant deposits and bet big. Some casinos specifically cater specifically for high rollers. The high roller bonus tends to be massive, and if players are willing to make a big enough deposit, they are likely to receive the full amount.
No Wagering Bonus
No wagering casino bonuses are a relatively new type of gift. As its name implies, this bonus comes with no wagering requirements. This means that you don’t have to wager your bonus any specified number of times before you can withdraw your winnings.
Whatever you win from this bonus, is yours and is converted into cash.
What Is The Purpose Of Casino Bonuses?
Casinos want players to sign up to their site and to keep on coming back. It is for this very reason that they create tempting casino bonuses and a vast playing field for those looking for games. A quick search will immediately reveal hundreds of casino bonuses on offer, which you could rightly convert into real money once you have exceeded the bonus money.
Some casinos also match your deposit if you sign up on that very day. Casinos online want to create a great gaming experience for their players and ensure that you love every minute.
There are several casino bonuses available for players who have different tastes and know what makes them tick.
How Do Casino Bonus Percentages Work?
Bonuses come in either cash or percentage terms. That means you’ll see offers like ‘Get £20 free when you deposit £50’ – which couldn’t be simpler. But how do percentages work?
Deposit bonuses offered on a percentage basis relate to the amount of cash you’ve paid in – so a 100% deposit bonus on a £50 deposit would equal £50 free as a bonus. It’s worth saying that many casinos set an upper limit (so you might see an offer for a 100% deposit bonus up to £1,000, for example).
It can be worth taking the time to work out which bonus structure gives you the best return!
How Do Casino Wagering Requirements Work?
Casinos that offer the best casino bonuses have to protect themselves from members simply stealing that money (i.e. signing-up, claiming a bonus, and walking away with free cash!). Casinos protect themselves by applying wagering requirements on any bonus (unless otherwise stated). Wagering requirements are a rule that casinos use to protect themselves from casino bonus abusers. It is a rule applied to cash bonuses and winnings from bonus spins, which have to be wagered (bet) a number of times before being eligible for withdrawal.
The casinos publish their wagering requirements in their Terms & Conditions. These requirements can look a little complex, but it’s worth remembering that they’re just there to protect the gambling sites from abuse and to allow casinos to offer their services to genuine gamblers.
How Do I Get A Casino Bonus?
Easy! Pick a casino from the Genie’s list of the best casino bonuses – click through to the site, sign-up, and enjoy your reward! Additionally, you can also have a look at our casino bonus codes page, where you can bag yourself a top deal.
How To Evaluate The Best Casino Bonuses
Here is a quick summary of all that has been said so far about finding the best online casino bonuses. If you are looking for the best bonus offers, you should look out for the following:
The bonus amount should be what you check before considering anything else. The amount you get when you make a deposit or registering to a UK casino is essential. You need to know what extra money you are getting from your wager.
Even if the bonus is big, is it going to be worth it? You need to know if you would be able to meet the wagering requirements. Wagering requirements of more than 35x are usually unrealistic.
It can be quite tricky to decide which casino bonus is the best one, especially since there are so many of them offered by all casinos. Hopefully, this page has provided sufficient information that will help you in your search. Many new casino sites offer multiple promotions at the same time.
Find a bonus which you think will be profitable for you in the long run. Then ask yourself if you think you can meet the playthroughs to cash out winnings.
If you can decide on this, it will help you decide which casinos bonuses to claim from the hundreds available. You can also check out reviews from players online who are always happy to give their first-hand experience.
Finally, read through the casino’s terms and conditions to learn everything you can about what the casino is offering. It is from these terms that you can tell if the requirements for the bonus are achievable and if the bonus tilts in your favour.
Free bonuses from casinos are usually great since they are free and you do not risk losing your own money. Now that you understand everything about online casino bonuses, you can then take advantage of signing up to play games online.