Most of us are wary when we are offered something that seems too good to be true. Businesses, of all kinds, don’t give away free stuff without the expectation of something in return. Even when it is technically free – say a free trial with Audible or Amazon Prime – the expectation is that you enjoy the product enough to pay for it eventually.
But what do we make of the most eye-catching of all online freebies – casino bonuses? Almost every online casino will have some sort of offer for new players, usually comprising of a bonus cash amount and, perhaps, free spins on a casino game. But is it nothing more than a marketing ploy? Or is there some intrinsic value that can be had here? Below we detail a clear and frank overview of casino bonuses and how to use them:
Casino Bonuses – Main Types
Match Deposit Bonuses
This is effectively a top based on your deposit. So, a 100% matched bonus on a £50 deposit, would mean you have £100 to play with. The main condition is that a bonus of £50 usually comes attached with wagering requirements. That means you will have to wager that amount several times before it becomes withdrawable cash.
No Deposit Bonuses
The most sought-after type of casino bonus as you do not need to risk your own money. Casino.com provides a decent overview of what a no-deposit bonus means. Players should be rightly skeptical that the casinos aren’t going to give you free money without restriction, but it is possible to make a risk-free profit.
Free Spins Bonuses
Casinos can present these – sometimes without wagering requirements on the winnings – as a lucrative offer. The most likely scenario is that they will be low-value spins, although there is always a chance of hitting a jackpot. In most cases, however, you will have to wager the winnings several times before making a withdrawal.
Casino Bonuses – What’s the Catch?
The first thing we should say is that, if you are in the UK, you should always play at casinos licensed by the UK Gambling Commission. This, among other things, ensures that the casino is following fair advertising rules when it comes to bonuses. As to catches, it is always advisable to read the small print in the bonus terms and conditions. The main things to look out for are the wagering requirements and whether there is a maximum win cap on bonus funds. For the latter, some casinos may protect themselves and limit wins with (free) bonus money to, say, £500.
Casino Bonuses – How to Use Them
Casino forums are always full of players complaining about bonuses not being as good as they thought. For instance, many will have been blindsided by maximum win caps that some casinos apply. Most of us, of course, would be very happy with a £500 profit on bonus funds that cost us nothing at all. Again, we stress, that you should read the terms and conditions first, which will, in turn, allow you to adjust your expectation levels accordingly. UKGC casinos are legally obliged to give you all the information, so there should be no nasty surprises. It’s also worth doing a bit of research to see the games best for using bonuses. Often, classic card and table games won’t count towards the wagering requirement. Choose low volatility slots for the best chance of turning your bonus into profit.
If you see a casino advert saying something like, “Join now and get £100 completely free”, you shouldn’t take it at face value; otherwise, you could simply register and withdraw that £10 right away. Casino bonuses can be profitable and, at times, lucrative. But it is best to lower your expectations. The best rule of thumb is to consider them a means of exploring the casino site without risking your own money. There is a chance that you can turn the bonus into real cash. But if not, then you haven’t lost anything.