Bonus money that can be won in casinos is one of the most attractive aspects of online gambling. Thanks to bonuses you can continue playing when normally you would have already lost, and improve your chances of winning. On the other hand, there are many terms and conditions regarding online casino bonuses, and they can be very complicated and confusing. In this article you will find all the important information you need in order to understand bonuses and choose the right one for you.
Different Types of Bonuses:
Online casino bonuses are definitely not all the same, they’re not even very similar to each other. They come in different types that can be separated into two categories, each of them containing two subcategories.
No Deposit Bonuses:
Just like the name suggests, you receive a no deposit bonus without being obligated to make any deposit first. It is essentially free money, so it’s obvious that a maximum cashout amount might be specified. After winning, when you want to make a withdrawal, you might have to make a deposit with real money after all – the casino wants to prevent fraud and needs to make sure that you are a real person. You can always ask the customer support for clarifications if you have any doubts regarding the conditions.
No deposit bonuses come in two types:
Free Chips: You get free chips added to your casino account and you can use them to play and win actual money. These offers tend to be pretty small when it comes to value (usually under $100), but if you want to try out an online casino without risking any of your money, they’re the perfect choice for you. Free chips are the recommended bonus when you’re only just beginning your online gambling adventure.
Free Play/Free Time: This type of bonuses are relatively new in online casinos. They give the players free play for a specified amount of time or for a specified number of activities.
For example, it might be one hour for playing any games with casino money or 100 free spins in a slot game. In both of these types of free play you’re able to transfer your winnings to your real money account when the session is over. Usually there is a cap on how much you can transfer – everything over that set amount will be forfeited. In order to make this transfer it might be necessary to make a token deposit (for example $20). Just like in all other new online casinos in India, the winnings are going to come with wagering requirements. As soon as you meet all the requirements, you are allowed to withdraw your money.
Match Deposit Bonuses :
Deposit bonuses are the next and somehow more advanced step after you have tried no deposit bonuses. As you can guess, you receive a deposit bonus after you make a deposit with your own real money, and the amount qualifies for the bonus. Obviously deposit bonuses, just like the no deposit ones, come with a set of terms and conditions.
The types of deposit bonuses are as follows:
Fully Cashable Bonuses: They’re very beneficial and comparable to cash, because when you meet all the wagering requirements, you get to withdraw all the money you have in your casino account. They usually offer a straight chip for chip match. For example, after depositing $100, you are going to receive $100 in chips to play with, so together you can wager $200. The entire amount you win is yours to take, including the deposit, the bonus and the actual winnings.
“Sticky”/Non-Withdrawable Bonuses: You can use them to wager for a long time, but the bonus itself is removed from your balance when you choose to withdraw the money you won. The percentage in those bonuses is most often much higher than in the fully cashable ones. For each chip you deposit you receive two, three or four bonus chips. For example, if $100 is the amount you deposited, you get $200, which together gives you $300 to wager with. If your balance is $1000 at the moment when you want to withdraw, you’re only going to receive $800 because the $200 of the original bonus is removed – you only get to keep the winnings you got from it.