Following on from our recent article “How to Get the Most Out of a Welcome Bonus” we want to offer some further advice on the matter. So we are going to look at the top 3 most important rules when it comes to signing up to an online casino.
So whether you are a complete beginner or an experienced player, if you take these rules on board you will have the greatest chance of having a casino bonus paid out to your bank account and not just sat in your player account.
Let us continue reading and by the end of the article, you will know the difference between a good casino bonus and a bad one.
Rule 1: Check Bonus Percentage & Maximum Bonus
Possibly one of the most important things to look at and compare is the bonus percentage between different online casinos, this way you will get the maximum bonus.
Most online casinos offer a welcome bonus of a 100% bonus on your first deposit but there are also some out there that offer a more attractive 150% or 200%. More often than not a match bonus is capped at a certain amount, but there are some exceptions that have no limit.
If the bonus deposit is 200% and the maximum bonus is £200, don’t make a deposit of more than £50. This way you will then receive £50 + £100 = £150 as a starting balance from your first deposit.
By properly accessing both the bonus percentage and the maximum bonus, you can determine the optimal first deposit amount. However, take into consideration that like with a first impression, you can only make the first deposit once.
Rule 2: Check the Wagering Conditions of the Bonus
Many players make the wrong judgement when it comes to the wagering conditions of a bonus. It is a MUST that you read and understand the bonus terms and conditions before making a deposit. After all, you wouldn’t sign in to a binding contract without first reading through the T&Cs.
All online casinos have the condition that whatever amount of bonus money you receive much be wagered a minimum number of times before you are free to withdraw it.
Often known as the “wagering requirement” or “playthrough requirement”. The lower this amount is, the better it is for you as a player. It means that the lower the number of times you have to wager on games the more likely and easier it will be to meet the requirement and cash out your winnings.
The average wagering amount is between 25x and 40x the bonus. However, there are some casinos out there that will try to lure you in with 100x or even 200x. These casinos are almost impossible to meet the requirements.
You receive a bonus of £50 with a wagering requirement of 40x. In this example, this means that you have to bet 40x £50 to be able to have your bonus money paid out. So in total, you would have to bet £2,000. If you then compare this with a playthrough of 100x the bonus where you already have to bet £5,000 to be able to cash in your winnings.
This is why it is extremely important for you to read the fine print of the bonus terms and conditions. You will usually find the T&Cs hidden under the heading Promotions or Bonuses or sometimes in the FAQs.
Rule 3: What Games Count Towards the Bonus
Not every game at an online casino counts towards the release of a bonus. More often than not live dealer casino games don’t count towards the bonus conditions. Live Casinos tend to have their own bonuses with specific requirements.
Slots are usually the main source of the bonus requirements, however, it is not always all of the slots but sometimes a specific one, selected by the casino.