What are online casino bonuses and their types?

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Online casino bonuses that you typically see on sites like https://vulkanvegas.com/hu refer to free money. However, just because the money is free doesn’t mean you can withdraw the funds right away. You do not own that money — at least not yet.

There are common rules for bonuses, and there are several types of them. We will talk about both today, and in the end, you should be adequately equipped with the basic foundation of how casino bonuses work.

Common Types of Casino Bonuses

There are types of bonuses that can only be applied to new players, while others, like the cashback, can only work for existing members. These are the most common ones that casinos offer:

  • Free Spins Bonus – the casino will give you a number of free spins if you register or deposit. A free spin means you can spin a slot machine without investing money from your pocket. The number of spins varies from one casino to another. In addition, you can only use this fee bonus on specific slot machines. Usually, free spins are offered if they want to promote a new slot game. Typically, the value of each spin is the smallest wager for one round (with all paylines activated).
  • No-Deposit Bonus – this bonus means you do not have to deposit money at all. You only need to register and opt-in. After registration, you will be given some free funds. You can use that money to wager on games in the casino lobby. Typically, casinos bundle this bonus with free spins.
  • Deposit Match Bonus – it refers to money that the casino will give you. The amount depends on the bonus percentage. If a casino says it’s going to give you a 100% match, it means they will provide you with $100 for every $100 you deposit. So you’ll have a total of $200 that you can wager.
  • Cashback Bonus – this is a type of bonus that casino members typically receive after a calendar week. Most casinos offer 5% cashback. The cashback is based on your net losses. For example, if your net loss last week was $100, you will be given back $5 this week, which you can use to wager again.

Remember: these are not free money that you can withdraw! There are rules, which we shall describe below.

Common Rules of Casino Bonuses

Each bonus is a unique opportunity for a gambler to receive a free reward. However, there are rules which apply to each type of bonus. Here are 3 most common of them:

1. Wagering Requirement

The wagering requirement is a multiplier, like 35x or 30x. It represents the total amount you need to wager before the casino allows you to withdraw your winnings from the bonus. Let’s imagine that you have a $20 worth of bonus, and the wagering requirement is 30x. It means that you must bet $600 ($20 x 30) before you can withdraw any winnings from that bonus.

The $600 total bet must come from the bonus money, not from your deposit. You do not have to wager $600 as a whole. Rather, it is an accumulated total amount of money you wagered.

2. Maximum Withdrawal

Every bonus has a maximum withdrawal limit. If the limit is $20, you can only withdraw $20 even if you win a huge jackpot. This rule is in place to prevent casinos from getting bankrupted by a lucky player.

3. Bet Limits

Lastly, you can only bet so much for each round using bonus money. For example, a casino may say that you can only wager $5 per round in blackjack. You must follow this rule, or they will forfeit your bonus. Not all of the bonuses have the same rules. Before you register or claim one, make sure that you read its terms and conditions.

If you violate the terms and conditions, the casino will surely forfeit your bonus money and all the winnings from it. The problem is that sometimes, you are allowed to keep playing even if you violate these rules. However, once you attempt to withdraw the money, a casino representative will review your betting behavior.

If you breach any of the terms, you do not get to withdraw anything. The good news is that the casino will not forfeit the money that you deposited. They can only forfeit money that came from them. 

Bonuses are excellent ways to get free cash or free spins. While the rules are usually tough, all you really need to do is comply with them instead of winging them. If you are lucky enough, you can win a lot of money and meet the required conditions. From here, you can withdraw the cash.

Use your bonuses wisely. If a casino offers some, take all of them! You really have nothing to lose from participating in promotions and claiming bonuses.

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