Online casino bonuses are a fantastic way to get free cash or spins to use at your favourite casino sites.
The biggest deals are usually available for new customers. And when you create an account with a new brand, the casino offers can be out of this world. Or so they seem.
But it isn’t enough to simply take a welcome bonus at face value. And even the best casino bonuses can have a lot of terms and conditions. As a result, the initial value may not be quite as sparkling as you first thought.
And before we get into the fine details, you need to apply a little logic at this stage. An online casino bonus is a marketing tool. An operator will use this technique to attract new business. But it has to be worth their while, financially speaking.
If you see a deal that is worth tens of thousands of pounds, then you have to ask yourself how is this possible? There has to be something in it for the casino as well. They can’t just go handing out a ton of free cash to everyone that passes by.
The small print
When you sign up for a new account and collect one of the best casino bonuses, you need to do a little research. Take some time to read through the terms and conditions before you make your final choice.
Independent reviewers will always check out these details. Moreover, they will present the basic info to you in an easy-to-read format so you know what the basic requirements are. Casino.xyz always lists the bonus offers as well as the important terms. And you can use this resource to find deals that are worth your attention.
Firstly, you need to see if you must part with some cash to receive a deal. A deposit bonus will require you to pay some money into your new account before you trigger the promo.
As a result, the casino may match your deposit or a percentage thereof.
Some of the best casino bonuses come in the form of free spins. And you may still need to deposit some cash to land the spins in your account. But you need to know exactly how you can use these spins. Moreover, is it worth your initial investment?
One of the most fundamental elements of any bonus is the wagering requirement. As we said before, this deal needs to be financially viable for the casino. Therefore, they will often apply a wagering requirement to any bonus cash or spins. This tells you how many times you must gamble with the money before you can keep any of the winnings. So a £5,000 deposit bonus with 50x wagering may not seem like an awesome deal after all.
But most deposit offers are usually much smaller than this. It is more normal to find £100 of bonus cash. And quite often the wagering will be around 30x, for example.
And another important point on this subject is exactly what cash needs wagering. The majority of deals only require your bonus cash to meet wagering requirements. But you should check to see if you need to wager your initial deposit as well.
And after you have completed any of the wagering requirements, the winnings that are left over will make their way to your real cash balance. And it is from this area of your account that you can make withdrawals. Nonetheless, it may not be possible to withdraw the whole amount. Some casino deals will have a caveat in place that stipulates a maximum cashout.
So it doesn’t matter how much you win in this case, you will only be able to withdraw a fixed amount at the end of it.
If your casino promo is based on free spins on one of the top slot titles, then you want to check out the value of those bonus spins. Making a deposit into your account to release a few spins at the value of 1p each probably isn’t going to stack up for you in a monetary sense. It will allow you to play a game for free. But it depends if you were interested in that brand in general. Or are you simply making a deposit to collect those spins?
Bonus cash and spins may have specific destinations. You might only be able to play certain games to redeem your promo credits. So if you aren’t interested in the available titles, then you might want to consider a different bonus that gives you the gambling action that you require.
Finally, it is important to check out how long your bonus will stay alive. Cash and spins may disappear after a fixed number of days or hours. So don’t go taking on a large bonus if you don’t have the time to complete the wagering within the required deadline.
Many players have come unstuck on this point. If you make a large deposit in order to receive some bonus cash, then make sure you can receive the full benefits.