When thinking of joining an online casino, one of the things to pay close attention to is the bonus it offers. However, there is not only one type of bonus the casino may offer, but quite a range and before signing up, being aware and knowing how they work is necessary. This article will present to you the different kinds of bonuses online gambling websites generally offer in order for you to have a better understanding and knowledge of how to handle them.
Free cash bonus
The most common known bonus is the “no deposit” one, also known as free cash bonus. This refers to the money a casino gives you to start playing. However, they can get a bit tricky. It might be a bit harder accessing this money than you might have thought. Withdrawals usually can be made after you have reached a certain sum, which can be a lot greater than the initial bonus the casino made available to you. Wagers are quite important in the casino world and knowing their value before jumping into play is very important.
First deposit bonus
The second type of bonuses is the “first deposit” one. They’re a bit sneaky, but very important to understand before using them. A first deposit bonus refers to receiving a bonus after your first deposit. Nothing difficult until now. The complicated part is when wagers come into play. Let’s say your deposit is of 10$ and the bonus is of 50$; the casino might use a 10 times wager meaning you will not be able to access your money until you have reached 600$ (10 + 50=60 x 10=600). The last thing you want to do is dive head first in waters full of not-cashing-out-your-money piranhas. You want to know what you are getting into before using them.
There are ongoing bonuses too. These refer to receiving bonuses after multiple deposits. Usually there is not a big difference between these and the “first deposit” one when it comes to terms and conditions. However, there may be some new wager coming into hand before being able to cash out. Also, they might also be greater than the previous ones, which is not a good thing unless you are on a winning streak. In that case, rock on! You are a step closer to being able to cash out your money.
The special bonuses are the last kind of bonuses you should have heard about. They are often received by using a casino’s preferred payment method (receiving a certain percent from the funds you withdraw as bonus) or by betting at the same game for a certain amount of times (e.g. slots).The rules these bonuses go by are not very different from the other, but wagers might vary.
Now that you know what kind of bonuses the online gambling world deals with, you are safer and more adequate when it comes to knowing how to handle them. You will be more rational when choosing to use or not use a bonus, when first depositing or withdrawing money.