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Home -> Arts-and-Entertainment
Demistifying Online Casino Bonuses
Are you puzzled by the workings of
href="http://www.online-gambling-insider.com">Online Casino
bonuses, with those pulsating dollar signs and offers of free
cash? Let's see if we can demystify the situation.
Different rules apply to different casino bonuses - know these
rules and avoid disappointment. In addition you may think you're
receiving the best treatment because a casino gives the best
percentage bonus, then you learn that your small deposit hasn't
bought that much of a bonus after all, or you have problems
cashing out your winnings. In this article we'll explain how to
work out which bonus is actually the best, drawing from typical
bonus schemes to help you make your selection. Types of
Casino Bonuses Casinos typically offer four types of bonuses:
- Free cash or no-deposit bonuses.
- "Match
bonuses" or bonuses when you sign up or pay your first
deposit. - Bonuses for renewing your membership or making
further deposits. - Bonuses for using a preferred
deposit system, such as paying through Neteller. We'll consider
these bonuses one by one. Free Cash Bonuses
There's nothing strange about these bonuses. Once you've signed
up at the casino, you can place free bets up to the value of the
bonus. But there is a snag - you may not be able to cash in
until you've either paid your deposit or staked a sum real money
many times greater than the bonus value.
Even so, newcomers to online casinos should accept this type of
bonus to use as your initial stake money. There's always a
chance that you could win real cash with your free bet! However,
take caution as many of these types of bonuses have onerous
wagering requirements that sometimes make it difficult to cash
in any money at all. First Deposit Bonuses
Now things become a little more interesting. Deposit bonuses
come in two forms, namely, the straight cash bonus and the
percentage bonus.
Let's look at an example. A casino advertises a 400% bonus up to
$100 maximum. Here you'll get free credits worth $100 for the
first $25 you deposit. Take note that this bonus is likely to
apply only to the first $25. Afterwards you qualify for other
types of bonuses, like the one for making a re-deposit. Now the
casinos terms and conditions state a 7 times wager through
requirement in bonus + deposit if you elect to take a bonus.
That means that you have to wager $25 + $100 = $125 x7 = $875
before you can cash out anything. Wager through requirements
differ between casinos. Always understand them carefully before
you make a deposit. The last thing you want is to win, only to
find that you can not cash out because you have not wagered
enough. Ongoing Bonuses
Casinos offer numerous forms of re-deposit bonuses as
inducements to retain their gamblers. At a number of casinos the
extent of these bonuses depends on the loyalty ratings of the
members. Most of the time these bonuses are subject to the same
conditions as the bonuses for initial deposits, but sometimes
you have to bet multiples of this deposit to qualify for a
cash-out. If your bonus is $50, for instance, you may have to
bet 10 times as much - yes, $500 - to qualify. To do so you'd
obviously have to be on some sort of winning streak.
Special Bonuses (e.g. preferred payment method)
Here too there are a range of bonuses. The two most frequently
applied are deposit mechanism and special event bonuses.
The deposit mechanism bonus rewards you for making deposits
through a preferred payment system, of which Neteller is the
most widely used. You can get an additional 20 percent from some
casinos for using Neteller. Terms and conditions are much like
those for first-deposit bonuses.
Special event bonuses may be dressed up in different ways. You
may receive one of these special bonuses if, for instance, you
bet a minimum amount on a particular game. Many casinos offer
this type of bonus for slots players.
For more about
href="http://www.online-gambling-insider.com/online-gambling/ogi-
casino-deposit-bonuses.html">online casino bonuses, please
visit our site.
About the author:
Ryan D. has been involved in the online casino and online
gambling fields for over 6 years as an operator, marketer and
consultant. He can be contacted via his website at
href="http://www.online-gambling-insider.com">Online
Gambling.
Author : Ryan D. Site : www.goarticles.com
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