The fierce competition in the world of online gambling has forced every casino to make an effort to attract new customers. Bonuses are the best way to encourage newcomers to register. At first glance, bonuses seem like a great gift. However, every type of gift has its drawbacks. First of all, the bonus you receive must be wagered.
First, let’s define what a bonus is. A bonus is a reward for new or existing players in the form of money, spins, or other gifts. Casino bonuses are awarded for certain actions, such as registering or installing a mobile app. Each bonus has its terms and conditions.
Bonus wagering is the conditions that a user must fulfill to convert the bonus into money.
What Does Bonus Wagering Look Like?
For most bonuses, wagering includes the following points:
- Wager. The number of times you have to place bets to receive the bonus. The wager usually ranges from x30 to x50, but for other bonuses, it can be much lower, for example, x20, x15, or lower.
- Funds from your account are used for wagering. To wager a bonus of $100 or any other amount, you will need to make a deposit and play with your own money.
- Time is limited. Most bonuses must be used within a certain period. Your gift will be canceled if you do not do so.
- The number of games is limited. Some bonuses are only for certain games, while other slots and table games are prohibited.
- Betting restrictions. Some bonuses do not allow you to bet the maximum amount. The casino sets betting limits, for example, $50. You cannot bet more than this amount as part of this bonus offer.
- Maximum winnings. Although you can get a nice bonus of $100, you cannot turn it into tens of millions. Casinos often set limits on maximum winnings so that customers do not leave the casino with large amounts of money.
How to Wager the Registration Bonus?
Just follow these steps:
- Deposit. Top up your account with any amount you like, taking into account the minimum limit.
- Receive the bonus. Wait for the bonus to be credited to your balance — usually, the gift arrives immediately, but sometimes you will have to wait a few hours.
- Read the bonus terms and conditions and follow them. Wagering requirements, wagering time, eligible games, betting limits, and maximum winnings are all elements that fall into this category.
- Reap the benefits. Your bonus will be unlocked and added to your main account balance after you place a bet for the amount specified by the casino.
Tips from Experienced Players for Beginners
Try to choose bonuses with a minimum wager (10–25). This will make it easier to meet the wagering requirements, and you won’t have to risk a lot of money.
Types of Bonuses
Online casinos offer various bonuses to attract as many new customers as possible. Although some offers may have fantastic conditions, such as no wager, gamblers usually have to wager bonuses to convert gift money or spins into real money. Let’s take a look at the most common types of bonuses:
- Welcome bonus. A gift for new players who have registered at the casino and made a deposit. This bonus usually consists of two components: a cash reward and spins.
- No deposit bonus. Some online casinos allow you to receive bonuses without making a deposit. Although these generous rewards have their wagering requirements, gamblers highly value them.
- A gift for returning. This is a type of bonus where the casino gives the player a small reward for each deposit they make at the casino. Casinos value active players who play with them for a long time, so they came up with this way of encouraging them to continue playing.
- Cashback. A gambler can receive cashback for a certain week, month, or half a year. However, bonus money from cashback must be wagered and cannot be added to the main balance.
- VIP bonuses. Most licensed online casinos offer their customers a loyalty program. Its purpose is for players to accumulate points and levels to receive various bonuses and other benefits in terms of service, bets, deposits, and other factors.
In addition, each casino offers a variety of exciting promotions, tournaments, missions, and quests. Completing these also earns players lucrative bonuses.