These days, tracking down a decent online casino isn’t particularly difficult. You do your homework, you find a glowing review like the ones Casino Genie provides and you head over to check out what’s on offer. Just as long as a casino has earned the recommendation of real-life players, it’s most likely a safe bet, BoVegas Casino is a good example of positive reviews, specially when it comes to bonuses and promotions.
But what about ensuring you get maximum bang for your buck? With such a huge range of online casinos to choose from, how can you be sure you’re getting the best possible value for money?
Increasingly, introductory bonuses and promotions are becoming the ultimate deal breaker for contemporary casino gamers. The simple fact of the matter being that if you’re going to join a casino, you may as well choose the most generous casino going.
Let’s take a closer look at the whole online casino bonus phenomenon in more detail.
The Difference Between Deposit and No Deposit Bonuses
Right off the bat, all casino bonuses across the board can be divided down the middle into two categories:
- Deposit bonuses
- No deposit bonuses
The first of these is by far the most common and widely available type of casino bonus. As the name suggests, deposit bonuses are those players can access after depositing the funds into their account. As a rule of thumb, you can expect a minimum deposit amount of say $10 or $20, after which you’ll qualify for the bonus.
Meanwhile, no deposit bonuses are those that are up for grabs with no specific deposit requirements. Simply for signing up with the casino, you’re handed some kind of incentive to get things started. For obvious reasons, no-deposit bonuses don’t tend to be quite as lucrative or generous as their deposit-dependent counterparts.
How Do Match Bonuses Work?
This is the type of casino bonus you will come across more often than any other. Match bonuses work by handing players a percentage of the amount they credit into their account as a ‘top up’ – typically as a one-time-only introductory offer.
Match bonuses look a little like this:
- You credit your account with $50
- The casino offers a 200% match bonus
- This equates to $100 in bonus funds
- You subsequently end up with $150 in your account to play with
In terms of value, match bonuses vary from the sublime to the ridiculous. Some casinos limit you to a 50% deposit bonus up to a maximum of say $50, while other impose no limits on their 200% or even 300% match bonuses whatsoever.
What Are Reload Bonuses
Increasingly, online casinos are introducing additional rewards and incentives for existing customers. The idea is that rather than focusing disproportionately on new joiners, those who demonstrate loyalty are given a good reason to come back.
Reload bonuses work in exactly the same way as match bonuses, though are available on a regular and/or ongoing basis. The value of a reload bonus is usually lower than that of an introductory bonus – maybe 20% or 50% – though still provides the opportunity to stretch your bankroll even further.
Who Qualifies for High Roller Bonuses?
That’s for the casino to decide, but you’re unlikely to qualify for a high roller bonus unless you spend plenty of time and money with the same online casino. Today’s casino operators aren’t afraid to lavish their most important customers with all types of gifts and goodies.
From massive reload bonuses to tournament invites to surprise gifts throughout the year, those who spend big can expect big things in return. Hence, if you’re planning on staying loyal to one specific casino, you may as well check out the terms of their VIP program ahead of time.
Are Cashback Bonuses Legit?
The short answer is yes, but the value of cashback bonuses differs massively from one casino to the next. In some instances, you can expect no more than around 50p or so back for every $100 you spend. Elsewhere, you may get as much as $5 back for each $100 you wager.
Cashback bonuses are becoming increasingly common and can be surprisingly generous. Again, something to look into before deciding where to spend your money.
What’s the Deal with Wagering Requirements?
Last but not least, it’s inadvisable to dive into any online casino bonus without first checking out all applicable terms and conditions. Wagering requirements in particular should be taken into account – here’s an example of how they work:
- You credit your account with $100
- The casino tops up your account with $200 as a 200% bonus
- You now have $300 in your account to play with
- Wagering requirements of 30X apply = 30 X $300 = $9,000
This would subsequently mean you would need to place wagers with a combined total of $9,000 before being able to withdraw any of these bonus funds or prizes won while playing with them. The bigger the wagering requirements, the trickier it becomes to get your hands on your cash.