Online casinos offer bonuses to reward new players for signing up. It’s the perfect promotion to attract more people to their gambling sites. This is amazing for players looking for ways to boost their deposits. There are thousands of online casinos today, most of which offer different types of bonuses. So there’s plenty to choose from, if you know what you’re doing.
In this article, we will share the basics about casino bonuses that will increase your chances of winning by maximizing the benefits of claiming a bonus. Let’s dive in.
Understanding Different Types of Casino Bonuses
To make things interesting, different online casinos offer various bonuses to attract new players. Different players will find the perfect value, depending on what they’re looking to play. There’s good news for players interested in pokies with instant withdrawal because all these bonuses go hand in hand with them. The only thing to carefully pick is a respected brand, but more on that later. Here are the most popular bonus types you’ll come across.
- Welcome bonuses – The most classic welcome bonus is for new players who decided to sign up at an online casino. They are usually matched deposit promos, meaning that you double or triple your first deposit.
- No-deposit bonuses – Also known as sign-up bonuses, these are offers you can claim just for signing up. You don’t have to make any deposit to claim bonus funds or free spins.
- Free spins – This type of bonus is popular among players as you get to spin the reels on select titles completely for free. Aside from being a welcome bonus type, brands offer this type of promo for registered players as well.
- Cashback offers – Brands can return a percentage of your net losses as a welcome bonus or an ongoing promo to keep you coming back to play more. It’s an interesting incentive that rewards the most active players. This type of promo can also be tied to specific loyalty programs.
Key Bonus Terms to Know
Even though a bonus might look appealing, there’s the fine print that you need to read carefully. Here are the most essential points of the terms and conditions you need to know about.
- Wagering Requirements – Wagering requirements are the number of times you need to turn over your bonus funds before being able to withdraw them. The rule of thumb is to find a promo with low wagering requirements.
- Minimum Deposit – Different bonuses require specific deposits. If you don’t want to spend a lot of money, consider finding a platform that offers a welcome bonus that has a low minimum deposit limit.
- Bonus Cap – What is the bonus cap? If the welcome bonus is only 100% up to $100, and you’re interested in more, finding another offer might be more suitable.
- Game contribution – Games’ contributions to wagering requirements will vary. Usually, the best approach is to play slots. Most of the time, they’ll fully contribute to wagering requirements.
- Expiration – Keep an eye out for the expiration time. You’ll most likely have a couple of days or weeks to meet the wagering requirements.
Online casinos have existed for decades. The industry is still growing and is predicted to grow in the future. Gambling sites are leveraging the power of bonuses to keep players coming back.
How to Choose the Right Bonus
Now that you know what to look for, finding the right bonus is fairly easy. The first step is to look at the wagering requirements. You want a bonus that is easy to clear and that will let you quickly withdraw your funds if you succeed in meeting the requirements.
Some bonuses are only available for select games. Look for promos that include more eligible games. This will give you more options, so you can choose your favorite game while clearing the bonus funds.
Not all payment methods are going to be supported for particular bonuses. Read the terms and conditions and find all the supported payment methods. For example, Aussies can even find $10 deposit pokies with PayID and make the deposit quickly with the reliable and trusted payment method. If you’re using another payment method such as Skrill, you might not be eligible to claim the bonus. The good news is that most trusted casino brands offer various payment methods. This provides more flexibility to players.
Last but not least, another factor to consider is the bonus percentage. Generally, you want a promo that gives you as high a percentage as possible. But remember to keep wagering requirements in mind. For example, there are two bonuses before you. One is 100% up to $1,000, and the second is 100% up to $500. While the first one might look more appealing, it offers more value if the second one has lower wagering requirements.
Many players are hooked by the overall value of the bonus, but combine that value with wagering requirements, eligible games, and different game contributions to find the actual value of a promo.
Best Practices for Maximizing Bonus Value
To maximize your bonus value, you want to squeeze out most of the play time from your bonus funds. Each spin you make might be a lucky one, leading to a potentially massive win. But remember, read the fine print before you claim a promo.
Always play games that have a 100% wagering contribution to clear the requirement quickly. Use the platform’s tracking system to see how far away you actually are from withdrawing your bonus funds.
Last but not least, steer away from high-risk betting games. You want to make as many wagers as possible, pick a low volatility game, and keep the bets low.
Smart Strategies While Playing with Bonuses
Being strategic is essential if you want to maximize your potential bonus winnings. The rules are simple, though; you apply what you generally have in mind about gambling.
The first and most important element is to keep the bets as low as possible. This gives you more attempts to go for a win and turn that bonus into a win. If you see that your wagering requirements are going slower than they should, check the game’s contributing rates. Only play games that come with 100% contribution rates.
Only play with bonus funds when you’re focused. Gambling might be fun, but those who want to potentially win some money must be strategic about it and take the right steps to increase their chances of winning.
5 Quick Tips to Use Bonuses Better
- Use bonuses on games with high RTP – High RTP slots mean that the chance of potentially winning is the highest. Opt for low volatility ones that pay out wins more often.
- Don’t chase losses – Never chase losses. If you find yourself getting emotional, it’s time to shut the game down and take a break.
- Pick bonuses with no or low wagering – Rules are simple, the lower the wagering requirements are, the quicker you’ll withdraw any potential winnings.
- Set a bankroll limit – Never gamble with more than you can afford. Prevent spending too much by setting limits.
- Withdraw once you meet the requirements – Use the fact that you got lucky and withdraw any potential wins to your bank account.
Common Mistakes Players Make
Not following all of the abovementioned tips is the only mistake that people make. That means that they don’t read the terms and conditions. They play games that are not even part of the promotion. This leads to people missing expiration dates and having their bonus funds removed from their accounts. On top of that, there are those who make unnecessarily high deposits, thinking that they’ll receive a higher bonus.
Simply start reading all the bonus details and never hurry with claiming a promo. It’s the only way to ensure you know what you’re getting yourself into.
