Whether you’ve just started gambling online or you’re a seasoned veteran, a casino bonus is an excellent way for you to collect extra money for your account. You can get one of the premier bonus offers at a deposit bonus casino, which will pay you to put money into your account. Looking to learn more about casino bonuses, or how you can get the best deposit bonus? We’ve got you covered with a complete breakdown.
What Is a Casino Bonus?
A casino bonus is simply any bonus money that an online casino puts into your account. Common types of bonuses include deposit bonuses, no deposit bonuses and referral bonuses. A deposit bonus is a bonus amount that you receive when you deposit money into your account, while a no deposit bonus only requires you to punch in a code or use a link and you’ll receive the bonus without depositing anything. A referral bonus is a bonus that you receive for referring another player to the online casino.
With deposit and no deposit bonuses, there are rules in place to prevent players from obtaining the bonuses and then immediately withdrawing the money. Deposit bonuses have wagering requirements, which means you must wager that amount before you’re able to withdraw any of your winnings. A standard amount for an online casino wagering requirement is about 30 to 40 times the amount of the bonus. For a no deposit bonus, the casino sets it up as a non-cashable bonus, which means that you can’t withdraw it.
Getting the Best Value at a Deposit Bonus Casino
While each type of bonus has its perks, you’ll get the most from a value perspective when you go with a deposit bonus. The reason for this is because deposit bonuses are almost always the largest bonuses an online casino will offer, in particular initial deposit bonuses, which you can get when you first open up an account. Online casinos want to bring in new gamblers and encourage them to play, so they make their deposit bonuses their most attractive offers.
How Deposit Bonuses Work
There are two key factors for any deposit bonus: the bonus offer and the maximum bonus amount. The bonus offer is typically displayed as a percentage, such as 50 percent or 100 percent. A 50-percent bonus means the casino matches 50 percent of the money that you deposit. While 50 and 100-percent bonuses are common, online casinos offer deposit bonuses for other amounts, and some have bonus offers for over 100 percent.
The maximum bonus amount is the largest deposit bonus you can earn. For example, let’s say an online casino offers a deposit bonus of 100 percent with a maximum bonus amount of £1,000. If you deposit £500, then the casino will match that £500 and you’ll end up with £1,000 in your account. Deposit £1,000 and with your bonus you’ll end up with £2,000. Since the maximum bonus amount is £1,000, if you deposit £2,000, you’ll still only get that £1,000 bonus and have £3,000 in your account.
Finding the Best Deposit Bonus
Every online casino offers its own deposit bonuses, so finding the best deposit bonus requires comparing the options available at each one. Of course, the main factor you should be looking at is the bonus offer at each casino, but you should also take the maximum bonus amount and the wagering requirements into consideration.
If you have a limited amount of funds and won’t be able to hit the maximum bonus amount anyway, then you’ll get the most money by finding the online casino with the highest bonus offer. However, if you’ll be able to deposit enough money to hit the maximum bonus amount no matter what, then you should compare those amounts to see here you can collect the most bonus money, as bonus offers won’t necessarily tell the whole story.
For example, there could be one online casino with a bonus offer of 150 percent, and another with a bonus offer of 100 percent. However, the former has a maximum bonus amount of £300, while the latter has a maximum bonus amount of £1,000. If you don’t have much to deposit, then you’ll get the most money through the first casino’s bonus offer. If you can deposit the maximum at either casino, then you’ll get much more money by choosing the latter casino. Since you can earn so much extra with the maximum bonus amount, it’s in your best interest to save up and make the largest deposit you can.
Finally, you also need to take into consideration the wagering requirements at each online casino. Since these tend to be fairly standard, there may not be much of a difference from casino to casino, but they can affect how much money you deposit. If you don’t want to get stuck with a high wagering requirement, then it makes sense to keep your deposit low, even with the bonus offer available, so you don’t need to wager a significant amount of money just to withdraw anything.
Terms and Conditions
One final word of advice regarding deposit bonuses – always read the terms and conditions for the bonus. While the most common terms are the three main factors covered above, there may be additional rules in place. It’s important to fully understand the terms and conditions of your deposit bonus so you don’t end up losing out on your money.
Bonuses at online casinos are a great way to boost your bankroll, giving you more opportunities to win. Of course, any time you have more opportunities to win, you also have more opportunities to lose, so even with the best deposit bonus you still need to follow sound gambling strategies. It’s not often that you can get free money, though, so finding a deposit bonus casino can start you off with a nice chunk of change.