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Compare https://casinosreview.ca the latest online casino bonuses and use the daily updated list of sign up offers to find the most valuable deals. Beginners can learn how to make the most of a bonus using our extensive tutorial and guide to different kinds of offers, wagering requirements and terms and conditions.
How do Casino Bonuses Work?
Read this tutorial to learn everything about casino bonuses, wagering requirements and what the different terms and conditions mean for you as a player. You’ll also get invaluable tips for finding the casino with the right bonuses for you as an individual player, as well as instructions on how to claim bonus codes.
- The offer – what do different kinds of offers actually mean
- Terms and Conditions – what is required to be eligible for an offer and to be able to withdraw winnings. The most important part of this is the Wagering Requirement, which says how much money you have to bet in total before you can withdraw any winnings.
A “Welcome bonus” for new customers is the main way online casinos compete with each other, often promising anywhere from 20 to 1,500 €/?/$, but sometimes much more. However, wagering requirements, plus a range of other terms and conditions, sometimes make it hard to fully understand a bonus offer. Fortunately, we’re here to decipher all of this.
Deposit bonuses are the most common type of promotions on offer. It simply means that the casino gives you some kind of extra reward when you deposit money with them. Normally there will be a minimum amount you have to deposit to trigger the reward.
By far the most common type of deposit bonus is the deposit match bonus, where the casino will match a certain amount of your deposit and add that to your account. For example, lots of casinos promise to match 100% of your first deposit. So if you deposit ?100, the casino will add another ?100 into your account, enabling you to play with ?200 in total.
There will always be a minimum and maximum amount they will match, which should be stated clearly in the terms and conditions. The minimum amount to be eligible for a bonus is usually in the $/€/? 10 vicinity. Also, there will always be wagering requirements to fulfil before you can withdraw any winnings derived from a bonus.
Our research shows that the percentage and maximum bonus amount varies hugely between even the best online casinos. Sometimes bonuses are spread across multiple deposits – for example, they match 100% on your first deposit, 50% on the second, 25% on the third, and so on.
Here are some examples of the deposit bonus you will receive depending on the offer and size of your deposit:
A cashback bonus gives you some of your deposited money back if you lose it while playing. Cashback bonuses are not that common but do exist. A typical cashback offer is to get 10% back on all lost deposits, but it can go as high as 50% in some cases although that is most likely a more temporary offer.
Reload bonuses are for those who have already made their first deposit(s) and collected their welcome bonus. So while welcome bonuses are claimed just once, reload bonuses are typically a recurring deal.
Essentially, you benefit from a deposit reward each time you add credits to your account. So reload deals let you claim a percentage, normally between 50% to 150% of your deposit.