Most slot online game will advertise some form of bonus or money for you to sign up. There is no such thing as free money. I recommend that you read the entire article to understand how this works.
First, you might ask: why does an online casino offer “free” money to players?
It’s part their differentiation and marketing strategy. In short, online casinos are usually “skins”, meaning that they’re associated with a particular software provider. So, aside from the different owner, graphics, and licensing, there’s little difference between any Playtech powered casinos and any Microgaming powered ones.
If they are largely the same under the hood, then there should be some difference that will convince you to play in “X” online casinos and not at “Y”. Other than graphics, licensing and support, you can pitch potential players by giving them something.
Once you’ve done that, you might now ask: OK, Casino X offers $5,000 Free, so maybe I’ll signup, take my $5, and play them all out at Casino Y.
It is quite easy to answer. You’ll need to make an initial deposit in order for you to receive any bonuses from an online casino.
Before we get to the meat of the bonuses at online casinos, there are a few terms you should know. You can discuss them with support representatives before you claim a bonus.
1. Wagering requirements: All bonuses require that you wager a certain amount or have played a certain number of times before you can withdraw winnings. The average wagering requirement is between 15-40 times. Be aware, however, of the requirements you will need to wager. You may only need to wager the bonus amount or the bonus amount plus your deposit amount. This latter option is much more common.
You should also be aware that wagering requirements can affect withdrawal requests. Most online casinos have a policy where you cannot withdraw winnings until you have met the wagering requirements. Although this may seem unfair, it is true.
2. You must read all terms and conditions before you play any games. Slots games are often the most profitable online casino games. This is why many bonuses are restricted to slots games. This rule is usually followed by keno and scratch-off cards.
In some cases, your bonus can be used on all games. However not all games are eligible for 100% playthrough. Roulette will count 30% while play on slots will count 100%. You will therefore need to wager at least three times as much to satisfy the wagering requirements to withdraw your winnings.
3. Minimum deposit required: Most cases you will need to deposit a minimum of $500 to be eligible for a bonus. Again, these amounts can vary. It is typically a small amount, which you will likely deposit anyway. It’s typically not more than $50.
Now that we are all on the exact same page and speak the same language, let’s take a look at the most common bonuses offered by online casinos.