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Why is this a good strategy? If you win, then you head to the slots and bet pretty decent stakes in order to get a big win so that you can clear the wagering requirements. Real Money First — Super High stakes This is one of my favourite strategies that I implement every time I play on an online casino where you play with your real money first when claiming a bonus. The goal of this strategy is to win a huge amount of money before you reach your bonus amount, cancel the bonus and walk away with your winnings. The reason for this is that all bonuses come with a set of terms, and here you will find the most common ones the be on the lookout for. This has its advantages since you can cancel your bonus if you are lucky enough to book a big win with your real money.
Sticky Bonuses This is the second form of bonuses and this is the original form of casino bonus. The advantage of this type is that you start wagering your bonus from the first spin. Wagering Requirements This is probably the most important part of choosing a bonus. Generally, you want to stay away from bonuses with a requirement of 60 or higher, unless the bonus is structured in a way that it only activates if you have lost your deposit first. Withdrawal Limits This is generally not something you see too often on welcome bonuses on the biggest casinos, but some casinos have a max withdrawal amount on their bonuses. For example, the casino might limit you to withdraw maximum 10 times the amount you deposited. Make sure to look for this term, as a withdrawal limit of just a few times your deposit amount is normally not worth taking. Max Betting Size The max betting size rule is extremely important to be aware of, as it is by far the biggest reason for withdrawals to be declined.
Restricted Games As we mentioned earlier, not all games can be used to wager with. Some other games are normally banned from playing completely, as they were being used to exploit the bonuses. Conclusion It is always smart to play with a bonus when you can, and our recommended casinos are trusted sites where players can feel safe when taking a bonus. Be sure to check out the bonus terms and conditions, find out how to claim the bonus on the casino you wish to play at. Readers Rating. We take a look at some of these terms and conditions and how players should go about redeeming their online casino bonus. Redeeming a Bonus with a Bonus Code: This is one of easiest ways for players to redeem their online casino bonus. The online casino operator will provide players with a 'Bonus Code' that they will need to enter into the online casino portal after signing-up.
Once they enter the bonus code, the free bonus advertised will automatically be credited into their account and they can then use it to play their favourite online casino games. Just about every bonus has a wagering requirement attached to it. A wagering requirement means that a player needs to fulfil the requirement before becoming eligible to withdraw their winnings. So if the wagering requirement is 20x the bonus amount, then they player needs to wager 20 times the bonus amount received and only then will be eligible to withdraw their winnings. Game Eligibility: Some online casino bonuses are game specific and restricted. For example - an online casino might give away free bonus spins but restrict those free spins to only a selective video slot games. This prevents players from using their free spins to play any other video slot other than the specified online slot.
Online casino operators use this type of bonus to promote special games. One example of this would be when an online casino decides to offer live casino games such as roulette, they may issue a special bonus that covers online live roulette. This is to get players to try their new live casino and promote their new offering. Mobile Casino Bonuses: Players all over the world love to play mobile casino games as it allows them to have fun while on the move. Casino operators have a special set of mobile casino bonuses to promote their mobile casino. These mobile casino bonuses can only be used at the mobile casino and are usually not accepted at the online casino site. This is one of the most popular types of online casino bonuses. Whenever players make their first deposit, they become eligible to claim their special first deposit bonus.
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In this section, we go through how to make money from casino bonuses.
Author: Jonathan Fan
Communications Planning Director at PHD, San Francisco, California.