Casino Bonuses – Types and Wagering

Casino bonuses are very important to every gambler who wants to have fun and play in online casinos. These bonuses are actually free money that you get for playing in a given casino. They have a type, amount and terms which may vary from one brand to another but, generally, there are several types of bonuses that you will find in almost any online casino. We understand that many beginner players get confused and want to know more about the types of bonuses so that is why we have them explained for you below:

Welcome bonus

A casino welcome bonus is the first thing that you will see upon visiting the website of an online casino. This is a bonus which is offered to new players only (new sign ups and new depositors) and it is also known as New Player Bonus or Sign Up Bonus. The welcome bonuses are advertised as percentages and you will usually see percentages from 25% to 500% together with a maximum amount which you may get (for example, sign up bonus of 100% up to $100). For example, getting a welcome bonus of 50% up to $100 means that if you deposit $100, the casino will add up another $50 and you will have $150 in your bankroll. In our example, the bonus is up to $100 which means that if you deposit $300, you will get $100 bonus no matter that 50% out of $300 is $150. A 100% welcome bonus is also called a match bonus because it matches your first deposit (as long as it is not above the maximum bonus amount, of course). For example, if you deposit $100, you will get another $100 from the casino as a match bonus in your bankroll.

No deposit bonus

Another type of bonus is the so called No Deposit Bonus. It is usually offered to new players/sign ups and it is free money that the players get so that they can play and try out the casino with without the need to deposit anything at all. These bonuses are usually between $5 and $50, and all you need to do to get one is to sign up at a casino that is offering such a bonus. The no deposit bonuses are the best way for players to try out casinos, their games and software without having to deposit anything.

MyCasinoStrategy team has gathered no deposit bonuses of hundreds of dollars for you to try out our strategies and have fun without risking your own money.

Reload bonus

The reload casino bonus is offered on deposits which follow the first deposit. They are supposed to stimulate you to continue playing at a casino brand and to make a second, third deposit and etc. The reload bonuses usually vary from 50% to 100% on the amount of your deposit.

Preferred payment bonus

This is a bonus type which may vary from 1% to 15% and it is offered to the players who use certain payment methods which are preferred by the casino operator for some reason. Preferred payment methods are usually online wallets like Skrill, Neteller, UKash and etc., however, there may be different preferred methods in one casino brand or another.

High roller bonus

The high roller casino bonuses are offered to players who are willing to make big deposits – $1000 and more. For example, a 100% bonus on $1500 deposit will add up another $1500 in your bankroll. As you can see, this bonus amount is huge and the main goal of the high roller bonuses is to keep the good and experienced players playing at a given casino.

Loyalty bonus

Loyalty bonuses are offered to players who have been loyal to an online brand and have played there for an extended period. The more you play, the higher your VIP status becomes. The higher your VIP status is, the better bonus offers you will get. It is as simple as that. Loyalty bonuses are casino bonuses which are offered to the players with high VIP status only.

Refer-a-friend bonus

This is a casino bonus which can be obtained by referring a friend of yours to the online casino where you have been playing. If your referral signs up and deposits, then you will get a refer-a-friend bonus which is a fixed amount – for example $50.

Casino bonus wagering

When we talk about online casinos and bonuses, the major complaint that one would hear from the players would definitely be about the so called wagering requirements (or just wagering) which prevent you from withdrawing the bonus money and any money at all immediately after taking it.

The wagering is actually the amount of bets that you have to place before you can withdraw any money out of your account after getting a bonus. This requirement which needs to be fulfilled prior to withdrawing is calculated like this – (Deposit + Casino Bonus) x Wagering Multiplier. The multiplier may vary from one online casino to another and it is stated in the terms and conditions of the bonus offer you are going for. This means that before grabbing a bonus offer, you should take a look at its terms and conditions to see what multiplier is applied so that you don’t get surprised. Most beginner players would think this is a form of scam – wagering requirements to fulfill after getting a bonus. However, online casinos are businesses just like any other and, as such, their main goal is to generate profits. If they were giving out bonuses without applying wagering requirements to them, everyone would just sign up and grab the free money, then withdraw and as a result all online casinos would suffer great losses.

For example, if you deposit $10, you get a $10 free casino bonus, and the wagering multiplier of that examplary bonus offer is 10, then your wagering would be calculated like this: (10+10)x10 = $200. Basically, this means that you would need to place bets for $200 before you can withdraw (NOTE: not to lose or win $200 but to place bets for $200). Actually, if you have signed up at a given casino because you want to entertain yourself and play, then you shouldn’t have any problems to fulfill the wagering requirements while you are having fun. The bonus wagering is created for those who might just sign up to get the bonus money, then leave and sign up at another casino in order to get another bonus and so on and so forth. In other words, if you are signing up at a casino just to grab some free money, just forget it.

According to the team behind MyCasinoStrategy, the casino bonuses are an excellent opportunity and we recommend you to take advantage of them no matter that the wagering requires you to bet a certain amount before withdrawing. The free money gives you the opportunity to have more fun while you play online gambling games because, with their help, you will be able to play longer, to place higher bets and therefore your chance to win gets higher.

With the help of the bonuses, you will have bigger bankroll and you will be able to try out and take advantage of more of our strategies.