Many punters and casino players are now shifting online because of several benefits that are too good to be ignored. Nowadays there are several online gaming sites that allow players to place a wager on several types of casino games without leaving the comfort of their home. There are also games that allow players to interact with a real croupier. However, it’s the bonuses and promotions that attract players to play online.
Online casino bonuses are incentives that virtual casinos use to attract gamblers to their site or motivate their members to continue playing the game. Typically, the casino sites change their bonus amount every month. There are also many Thaicasino sites that are offering special bonuses to celebrate holidays like Christmas and New Year. Anyone who wanted to be successful gamblers online should take advantage of this offer because it’s the easiest way to boost their fund online and stay longer in play.
What are wagering requirements?
Bonuses are designed to work in a player’s favor but online casinos find a way to eventually break even. The operators are doing this so they won’t end up losing to much money. They are adding wagering requirements as one of the conditions that players should follow in using the bonus amount.
Wagering requirement also known as Turnover requirements tells a number of times the bonus (sometimes plus the deposit amount) must be wagered before any withdrawal transaction can be made. While this varied depending on the bonus type, the average is between 15 times and 40 times. Of course, the lower the wagering requirements the more rewarding the bonus can be.
To mathematically calculate the total wagering requirements, players just need to multiply the bonus received by the wagering requirement in the condition. For example, you receive a $60 casino bonus when you deposit $20 with a wagering requirement of 15x on both the deposit and bonus amount. Here you will have:
For example:
$60(bonus) + $20 (deposit amount) = $80 total fund
$80 (total fund) x 15 (wagering requirement) = $1200
In the above example, players must wager a total of $1200 in order for you to make a cash withdrawal.
Most common types of bonuses
Online casino bonuses come in many forms and shapes. The following are the most common and also the most sought-after bonuses online.
Welcome bonus/signup offer
Also called a sign-up bonus, the welcome offer the biggest amount that players can claim in an online casino. The online casino sign-up bonus can double or sometimes triple the players’ initial deposit. However, only the new players who just created the account and made the first deposit can receive this offer.
No-Deposit Bonus
This type of casino bonus might be popular among all online casino players. The reason is that players can claim this without depositing or spending any amount. It’s like free money. This type of bonus is good if you want to try a new online casino. The good thing about no deposit bonus is that you can withdraw your winning or part of it when you complete the wagering requirements.
Reload Bonus/Deposit bonus
The reload bonus works exactly the same as the welcome bonus. The only difference is that it can be claimed by all casino members not only the new ones. The reload bonus is matching a percent of your deposit amount. However, this type of bonus is much lower than the welcome offer. It usually ranges from 10% to 50% of players’ deposits.
Cashback Bonus
The Cashback technically falls under the category of no deposit bonus because you don’t need to deposit money to receive it. Cashback can be claimed weekly or monthly. The casino gives back a percentage of your deposit or loss during the promotion period. In some gaming sites, cashback is credited as bonus money, while in other casinos, it can be received as actual cash that can be withdrawn without completing the wagering requirement.
VIP bonus/Loyalty Program
Not all players are qualified for this promotion. The players need to accumulate and maintain a certain amount every month to be VIP members. Most of the time, players need to receive an invitation from the casino to be part of this program. VIP members can receive lucrative offers like birthday bonuses, free cash, and higher cashback. They can also have an exclusive support team, faster financial transactions, and the privilege of joining exclusive tournaments.
To wrap up
Receiving online isn’t complicated at all. The players just need to sign up for an account or log in to their casino account then choose the type of bonus they want to receive on the promotion page. Players need to make a successful deposit and follow the bonus terms and conditions so they can receive and withdraw the amount without any issue. In the case of no deposit bonus, players need to use a special code or contact the customer service team to receive the bonus.