When you start playing at a new online casino, you’ll encounter various types of bonuses and the essential wagering requirements that come with them. Let’s break these down in a simple way to help you understand how to make the most out of your gaming experience.
What are the different types of casino bonuses?
- Welcome Bonus: This is usually offered to new players when they register. It can be a matched deposit bonus, where the casino matches your first deposit up to a certain percentage. For example, a 100% bonus up to £200 means if you deposit £200, you’ll receive an additional £200 in bonus funds.
- No Deposit Bonus: This is a bonus that you receive just for signing up, without having to deposit any money. Typically, this bonus is smaller, like £10 or £20, but it gives you a chance to try out the casino without risk.
- Free Spins: Often combined with other bonuses, free spins allow you to play specific slot games without using your own money. For instance, a bonus might offer 50 free spins on a popular slot.
- Cashback Bonus: This type offers you a percentage of your losses back over a specific period. For example, a 10% cashback means if you lose £100, you’ll get £10 back.
What are wagering requirements?
Wagering requirements tell you how many times you need to bet the bonus amount before you can withdraw any winnings. For example, if you receive a £100 bonus with a wagering requirement of 35x, you must bet a total of £3,500 (35 times £100) before you can cash out. This requirement is in place to ensure that players engage more with the games before they can take out the bonus money.
How do wagering requirements work?
Wagering requirements can vary widely from one casino to another. Here’s a quick breakdown of how they typically function:
- All bets contribute towards the wagering requirement, but some games contribute differently. For instance, slots usually contribute 100%, while table games like blackjack may only contribute 10% or even 0%.
- Some casinos set a time limit on meeting the wagering requirements, which means you need to complete the requirements within a specified timeframe, often ranging from 7 to 30 days.
Can I lose my bonus if I don’t meet the requirements?
Yes, if you don’t meet the wagering requirements within the given time limit, you will forfeit your bonus and any winnings associated with it. Always check the terms and conditions of the bonus to avoid any surprises.
Common Myths about Casino Bonuses
- Myth 1: All bonuses are the same.
Truth: Bonuses can differ significantly in terms of value, wagering requirements, and eligible games. - Myth 2: You can cash out the bonus immediately.
Truth: You must meet the wagering requirements first. - Myth 3: No deposit bonuses are always better.
Truth: While they are risk-free, they often come with higher wagering requirements compared to regular deposit bonuses.
Comparison of Common Bonus Types
| Bonus Type | Typical Amount | Wagering Requirement | Cashout Restrictions |
|---|---|---|---|
| Welcome Bonus | 100% up to £200 | 35x | Must be met within 30 days |
| No Deposit Bonus | £10 – £20 | 50x | Must be met within 7 days |
| Free Spins | 50 spins | 30x | Specific games only |
| Cashback Bonus | 10% on losses | N/A | Varies by casino |
Understanding these bonus types and wagering requirements can greatly enhance your gaming experience. If you’re ready to start your journey, try Bloody Slots and explore the exciting world of online gaming with confidence! Remember, always read the terms and conditions associated with any bonus to ensure you know what to expect.