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Casino Bonuses - Up For Grabs!

Gambling, a way of buying hope using your bucks. We pump in money wishing that we win and earn more money...

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Casino bonuses

The online casino websites are flooded with bonuses, bucks up for grabs, making every online casino better than the rest...

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Referral bonus

You find a new customer for the online casino and get rewarded. While the new referral could earn $100...

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Understanding your bonus

The deals and bonuses available on the internet are endless. How confusing could it get? Familiarize yourself with these terms to evaluate ...

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Casino Bonuses - Up For Grabs!

Gambling, a way of buying hope using your bucks. We pump in money wishing that we win and earn more money. Our gambling instincts provoke us to do this - we win, we love to try our luck again and we lose, we want to take one more chance. But isn’t it cool when you get paid by casinos to play more? At conventional land-based casinos, the perks are in the form of free stays, free tickets for shows, free slot coupons and more. But with the online casinos booming up, they attract you with paying you competitive bonuses. Let us have a peek into these bonuses.

Casino bonuses

The online casino websites are flooded with bonuses, bucks up for grabs, making every online casino better than the rest. Here are some of the best casino bonuses

  • Welcome bonus – These are credits offered by the casinos when you register with them. It is the most popular of its kind. What does it mean? You cannot avail this money until you have made a minimum mandate of bets. This minimum betting is also known as wager requirement.

Suppose you plan a deposit of $30 and bonus you get is $30, and wagering requirement is 10x, you must bet 20 times the total of deposit plus bonus, i.e., $ 600 to avail your bonus.

  • Referral bonus – You find a new customer for the online casino and get rewarded. While the new referral could earn $100, the referee earns up to $25 for each referral.
  • Cashback bonus – It is an insurance, where you can claim a part of your losses. You have to park some money here for the insurance.
  • No deposit bonus – You need not pay to play; the casino pays a bonus amount for you to play. You can only use this free money for betting in games. This is indeed the best casino bonus for a newbie. Quite attractive, right? The wow factor of these bonuses is that you don’t take any risks and whether you lose or win all money, you have no obligations to pay anyone and the casino lets you keep what you win.

These bonuses are rolled out as follows

 Free spins – e.g., 10 free spins are given on registration

 Free play – e.g., you should use $1000 bonus within 1 hour

 Free Cash – e.g., you get a credit of $50 in your account, on registration

  • Non-Cashable bonuses - These bonuses is credited to your account, but not withdrawable. These bonuses are otherwise called Sticky bonuses. Suppose you deposit $50, received a bonus of $50, and at the end of the game you finished the wagering with $80. Sticky bonuses let you withdraw $30, whereas cashable bonuses let you withdraw $80.
  • High roller bonus – If you are kings of the gambling world, casinos provide you a VIP tag and excellent level of rewards for your status with high bonuses. You also get a personal manager dedicated to taking care of your needs, while you stake money at the casino.

Understanding your bonus

The deals and bonuses available on the internet are endless. How confusing could it get? Familiarize yourself with these terms to evaluate the deal provided by the bonus.

Playthrough – It is the number of times you will have to play the bonus plus the deposit before you can cash out the bonus amount. The requirement of playthrough could be as less as 15x for less stringent bonuses and can go up to 40x for the bonuses that are more generous.

Wagering requirements – The amount you will need to bet to cash out the bonus. It depends on the playthrough.

House edge -It is the average profit the casino can make from your bet. The profit ranges between 0.5% for blackjack, to 50% for the state lottery. The games like blackjack, video poker, craps etc. takes a long time for you to learn how to play, these games have the lowest house edge. On the other hand, simplest games like keno, slot machines, lottery have the highest house edge.

Expected loss = wager amount * house edge

If the expected loss is way higher than the bonus, you better skip the bonus!