Online casinos are becoming increasingly popular day by day. These sites offer casino bonuses that give you free money or free spins. It is an effective method of gaining and keeping customers, so the casinos actively use it. Let’s explore their pros and cons and how we can use them to our benefit.
What are casino bonuses?
Online casinos are nothing different from your real-world casino. They aim to have you playing on their site for the longest possible duration. Therefore, this is one of their widely-used promotional methods. But when you see advertisements that say you can have some amount of money for free, that might not be completely true.
There are several types of bonuses on offer. They might be deposit bonuses, no-deposit bonuses, or free slot spins. These massive free money bonuses to both new and existing customers are among the best features of online casinos.
What are the types of bonuses?
The deposit bonuses give you multiples of your deposit money for free. This is a lucrative offer, you may say. While that is true, it usually requires you to wager multiples of the bonus money before you can cash out. If you lose, it is on your wallet.
You may have seen no deposit bonuses too. If you wonder how the hell they earn money giving these kinds of bonuses, here is the method. The simplest explanation is, they make money from the people who get interested in the game and deposit more money. The no-deposit bonuses are usually around $25, and the maximum amount you can win is set at a pretty low amount. So do not expect to go in with a $25 no-deposit bonus and cash out all the earnings even if you hit a $1000 jackpot!
Both these types of bonuses require a minimum playthrough rate (around x30) before you cash out. This means that you have to bet 30 times your deposit plus bonus before you can take any money out. Most casinos have an upper limit for the bets, which means you will have to spend some time on the casino.
The largest bonuses are given to new customers. Therefore, you can change from site to site with the aim of using their sign-up bonuses. But keep in mind that creating two accounts in the same site is a violation of terms of service.
Many websites contain the best deals of casino bonuses from which you can choose. They are always on the look for new deals and promotions. If you are new to online casinos or looking to change your casino, check them for the best bonus before you sign up.
All in all, what we can tell you is, casino bonuses can be used for our advantage if carefully used. But you need to check the full set of conditions before you claim one. After all, their need is to minimize the probability of leaving you with their money!