5 Benefits of Casino Bonuses for Online Casino Play
The great online casino trend is like a train that seems to be taking online casino players higher and higher.
Not only that, but this amazing iGaming industry continues to rake in the billions. While there is no doubt that the fascinating casino games are the major draw, it’s the casino bonuses that get new members in the door and keep them coming back for more.
If you’re new to online casinos, this guide highlights all of the amazing benefits surrounding casino bonuses.
Why Casino Bonuses Are Necessary
The purpose of all online casino bonuses is to put the member in a position to win real money, either for free or as close to it as possible. While some bonuses appear to be flashy and worthwhile, it is always a great idea to read the terms and conditions to fully understand. The best way to understand casino bonuses is like a mini-investment. For a winning investment, you want to first see if you’re eligible and if the wagering requirements are even worth it.
All online casino bonuses have playthrough requirements, some ridiculously high and some quite affordable and doable. These requirements measure how many times the bonus funds must be played and staked before the online casino honors your withdrawal requests. On average, most reasonable wagering requirements are between 5x and 10x. Once you get past 20x, it becomes risky. And if tops 30x, it might be best to steer clear from it.
The Top Benefits of Casino Bonuses
Depending on the particular online casino bonus, you can essentially play free casino games. Because all casino games are random games of chance, not having to worry about losing money upfront is a major upsale for online casinos to get players to create an account. By playing free games, players can sample them without financial risk to see if they even like those games enough to make a real money wager.
For more complex games like roulette or Texas Hold’em, playing these games for free with casino bonuses affords you the luxury of developing a betting strategy. Some well-known strategies like the Reverse Paroli take time to develop and get the hang of, so having some excess and disposable bankroll makes casino bonuses a prized commodity.
The Top Casino Bonuses
Now that you have a better understanding of some of the amazing benefits of online casino bonuses, let’s explore some of the top bonuses that could come in handy for your online casino success.
No-Deposit Bonuses
Only three legal American online casinos offer a no-deposit bonus. However, all reputable sweepstakes casinos have an extravagant no-deposit bonus that is rich with gold coins and possibly a handful of sweepstakes coins. For real money, new members of online casinos don’t have to spend a dime to have a chance to win real money. The great part about no-deposit bonuses is that they apply for most of the casino games except for jackpot games. Depending on the online casino, the typical wagering requirements for no-deposit bonuses are usually between 2x and 10x.
The Welcome Bonus
Today’s online casinos offer members either the traditional deposit bonus or second-chance credits. The lion’s share of online casinos still supports deposit bonuses as the go-to welcome bonus. With the deposit bonus, a new member makes at least a minimum deposit, usually between $10 to $25, to have that deposit matched by 100%.
The usual cap for the deposit bonus is $1,000. Some online casinos go beyond the first deposit by offering a second, third, or sometimes even a fourth deposit. If this is the case, these additional deposit bonuses usually range between 50% and 75%.
Some online casinos, especially the newer ones, now offer second-chance credits as the welcome package. While new members still have to make an initial deposit, which can amazingly be as low as a buck or even five dollars, they don’t receive the bonus funds upfront. Instead, these players still make regular deposits on their first day. And if the net losses outweigh their winnings, the second-chance credits kick in.
Typically, the second-chance credits range between $50 to $100. While the second-chance credits don’t seem like much, getting some money back from a rough first day is often enough to keep new members engaged and continue making more deposits overall. Also, most second-chance welcome packages have low playthrough requirements between 1x and 5x.
Free Spins
Because free spins are the most abundant at an online casino, it only stands to reason that they are the most available. Free spins only work for slot games, which can include an entire developer or select games. Most free spins bonuses are available daily, weekly, or monthly and are great to welcome in a new slot game.
Cashback
No matter how great a player’s strategy is or how generous the bonus is, losses will occur over time. To help keep their members engaged, the top online casinos offer cashback bonuses that help refund previous losses, usually from the week before, at around 10%.
Conclusion
As more sweepstakes casinos come online, they continue to push the bar for online casino promotions. Through daily login challenges and daily bonus wheel spins, members can also receive free spins or heaps of gold and sweepstakes coins. With any bonus, please read and understand the terms and the expiration date so you don’t lose out. Always set a budget with any bonus, or use the responsible gaming measures available at online casinos to prevent gaming disorders.