Welcome to the wonderful world of casino bonuses!
Casino bonuses can be a wonderful thing for players from Great Britain but we need to sort through all the different types. For example, some online casinos offer a deposit bonus, cashback bonuses, a sticky bonus, deposit free spins or bonus spins on casino games. Remember that when playing using an online casino bonus there are wagering requirements and other terms and conditions. LadyLucks invites us to read on for the best casino bonus tips!
10 great casino bonus tips
There is so much online gaming jargon to remember nowadays such as house edge and random number generator, real money versus bonus money and plenty of more! This can be overwhelming to a new player. That’s why LadyLucks put together 10 great casino bonus tips to help us to get a clearer picture.
Deposit bonus percentage
Casinos offer different types of bonuses such as a deposit match bonus where we receive bonus money. Often times this can be part of a welcome bonus package but it can also be part of some other deposit bonus promotion. Here, the main thing that we want to look at is the percentage of our contribution that the gambling site will match. Keep in mind that this percentage is always capped at a maximum amount. For example, a casino might offer a 50% match deposit bonus, capped at £100. If we were to deposit £200, the casino would match us by 50% for £100 in bonus money. Conversely if we were to make a deposit of £1,000, we would only receive the lesser of 50% of our deposit or £100 which in this case would mean £100 in bonus money.
Bonus terms and conditions
Another useful casino bonus tip is to remember is that the match deposit bonus is not free cash since we will need to meet the wagering requirements before withdrawing any of our winnings. For this reason, it is extremely important to read the terms and conditions as there will be playthrough requirements including minimum wagering turnover, a minimum deposit and other conditions. For example, a common requirement of a deposit match bonus is a minimum wagering turnover which can roughly range from 30x to 60x (cash + deposit bonus or deposit bonus). For example, if we deposited £500 at a casino, with a 50% deposit match bonus capped at £300, and 30x wagering requirement on the bonus, then we would receive £250 in bonus money and have to wager it 30 times – a total of £7,500!
Meeting the wagering requirements
Most casinos offer standard wagering requirements which can vary slightly. Typically, in order to satisfy the turnover wagering requirements, we will need to play selected games only which will not all contribute equally. For example, video slots may contribute 100% while table games may only contribute 10%. Some games may contribute nothing (0%) at all.
Obey the terms and conditions
A small percentage of players attempt to create multiple accounts to collect more than one bonus or use a VPN to receive a promotion that they would otherwise not qualify for. This is a violation of the terms and conditions and not advisable as the casino can confiscate the winnings. Another thing to remember is to follow the maximum betting limits for the bonus which are normally capped at a certain amount per round. Failing to do this can also cost us our winnings. One of the most important casino bonus tips is always follow the rules!
Low to medium variance online casino slots offer the best payout odds
The best chance of cashing out is to play low or medium variance slots. While this means that we are less likely to win huge amounts, we stand a better chance of winning smaller but consistent amounts and completing the playthrough requirements before our bonus account balance is zeroed out.
Remember that free bonuses are optional
There are some disadvantages of free bonuses which is why they are optional so if a player finds the requirements cumbersome then they can simply opt out. This means minimum turnover, minimum deposits, minimum wagers or anything else!
Monitor wagering requirement progress
We should always keep an eye on how far we have come with regards to satisfying the wagering requirements so we know when we can stop and cash out some or all of our winnings.
Deposit free spins
Free spins upon registration or as part of a promotion can be a fun and great way of getting to know certain games. Some deposit free spins bonuses may also be free of any wagering requirements.
Choosing a safe and reliable casino
While bonuses offered at casinos may be an important consideration, it is critical to select a licensed and regulated casino in a reputable jurisdiction with a regulator such as the UK Gambling Commission for safety and security reasons. Never compromise!
Bonus cash versus real cash
With bonus betting, online casinos will often require us to play with our own money first and then bonus cash. There are players lucky enough to win a nice sum using their real cash only. In this scenario, it may be advisable to withdraw some or all winnings before tapping the casino bonus money. This will not forfeit us from the bonus money.
Casino bonuses can be great but are not for everyone
Taking advantage of casinos offer can be a great way of getting to know a new casino or game with deposit offers that allow us to make free bets. Of course, there are a number of terms and conditions including playthrough requirements which may make them unattractive to some people. Ultimately the choice is ours!