casinorate casinos uk

A Quick Guide To Understanding Online Casino Bonuses

by casinorate

Posted on Wednesday Apr 19, 2017 at 05:58PM in General

A Quick Guide To Understanding Online Casino Bonuses

Online casino bonuses are a lot simpler than many believe them to be. Despite there being various types of online casino bonuses out there, once you get to grips with what they are, it’s a piece of cake! One of the most important initial things to understand is that all bonuses have a playthrough requirement before you can claim your winnings.

With this in mind, at Casino Rate, we’re going to give you a brief introduction to everything you need to know relating to online casino bonuses.

Wagering and Playthrough Requirements

Wagering and playthrough requirements are some of the most confusing aspects for players when it comes to online casino bonuses. Let’s start with an example (the below numbers are used for example purposes only and will vary according to the casino you choose to play with):

Let’s say you deposit 100GBP and you then receive a bonus of 100GBP. This means you will have 200GBP to play online casino games with. But, your casino tells you that you have to play your deposit as well as your bonus 20 times before cashing out. This means, before withdrawing any winnings you will need to make bets worth 4000GBP.

In addition to the above, find out which games your casino excludes from this playthrough. Every casino is different and nearly every casino excludes specific games from playthroughs. That said, some simply ask for a higher playthrough requirement. Be sure to read the terms and conditions of your online casino bonuses.

5 Common Online Casino Bonuses

Free Money Bonuses

This type of bonus is a first deposit bonus that may be given to you when you start playing at a new casino. It is the same irrelevant of the amount of money you initially deposit. The amount will depend on the casino, so be sure to read the fine print.

Exclusive Bonuses

Exclusive online casino bonuses are very simple to understand. You will find these in certain casinos where website owners and casinos have made a deal involving offering members an exclusive bonus at a specific time.

Sticky Bonuses

Sticky bonuses cannot be withdrawn. This means, your casino will offer you money to play with, however, once you reach the playthrough requirement, you can only withdraw your winnings minus the bonus amount. Once you withdraw your winnings, the bonus money will be removed by the casino.

Loyalty Bonuses

As the name suggests, loyalty online casino bonuses are for those who have reached a certain status at an online casino. The amount given and whether or not the casino requires a playthrough on the bonus will depend on the casino itself. You may need to reach a token requirement to cash this bonus out, but once again, read the fine print.

Online Casino Bonuses Have Expiration Dates

Reading the terms and conditions of your online casino bonuses isn’t limited to the rules around the bonus itself. Be sure to understand whether or not your bonus has an expiration date. Unfortunately, nothing lasts forever, and there is nothing worse than getting excited about a bonus to then realize it is no longer available. Sometimes bonuses last a matter of days or hours, so act quickly.

Bonuses can be very scary to new players. Many ask themselves: “what’s the catch?”. But, if you read all the terms and conditions properly and play at a safe online casino you will be absolutely fine! At Casino Rate, we offer free and honest reviews for some of the safest online casinos out there. If you want to find a reliable casino that offers great online casino bonuses, visit today!

No one has commented yet.
Comments are closed for this entry.