Bookmark Website  | Free Registration  | The Team
The Lounge  | Champions  | The Wire |  Schedule |  Audio  |  Arcade  |  The Top Ten  |  Historical  |  Email  |  Video

Understanding Online Casino Bonuses


Are you puzzled by the workings of online Casino bonuses, with those pulsating dollar signs and offers of free cash? Let's see if we can demystify the situation.

Different rules apply to different casino bonuses - know these rules and avoid disappointment. In addition you may think you're receiving the best treatment because a casino gives the best percentage bonus, then you learn that your small deposit hasn't bought that much of a bonus after all, or you have problems cashing out your winnings. In this article we'll explain how to work out which bonus is actually the best, drawing from typical bonus schemes to help you make your selection.
Types of Casino Bonuses Casinos typically offer four types of bonuses:

  • Free cash or no-deposit bonuses.
  • "Match bonuses" or bonuses when you sign up or pay your first deposit.
  • Bonuses for renewing your membership or making further deposits.
  • Bonuses for using a preferred deposit system, such as paying through

    Neteller. We'll consider these bonuses one by one.

Free Cash Bonuses
There's nothing strange about these bonuses. Once you've signed up at the casino, you can place free bets up to the value of the bonus. But there is a snag - you may not be able to cash in until you've either paid your deposit or staked a sum real money many times greater than the bonus value.

Even so, newcomers to online casinos should accept this type of bonus to use as your initial stake money. There's always a chance that you could win real cash with your free bet! However, take caution as many of these types of bonuses have onerous wagering requirements that sometimes make it difficult to cash in any money at all.

First Deposit Bonuses
Now things become a little more interesting. Deposit bonuses come in two forms, namely, the straight cash bonus and the percentage bonus.

Let's look at an example. A casino advertises a 400% bonus up to $100 maximum. Here you'll get free credits worth $100 for the first $25 you deposit. Take note that this bonus is likely to apply only to the first $25. Afterwards you qualify for other types of bonuses, like the one for making a re-deposit. Now the casinos terms and conditions state a 7 times wager through requirement in bonus + deposit if you elect to take a bonus. That means that you have to wager $25 + $100 = $125 x7 = $875 before you can cash out anything. Wager through requirements differ between casinos. Always understand them carefully before you make a deposit. The last thing you want is to win, only to find that you can not cash out because you have not wagered enough.

Ongoing Bonuses
Casinos offer numerous forms of re-deposit bonuses as inducements to retain their gamblers. At a number of casinos the extent of these bonuses depends on the loyalty ratings of the members. Most of the time these bonuses are subject to the same conditions as the bonuses for initial deposits, but sometimes you have to bet multiples of this deposit to qualify for a cash-out. If your bonus is $50, for instance, you may have to bet 10 times as much - yes, $500 - to qualify. To do so you'd obviously have to be on some sort of winning streak.

Special Bonuses (e.g. preferred payment method)
Here too there are a range of bonuses. The two most frequently applied are deposit mechanism and special event bonuses.

The deposit mechanism bonus rewards you for making deposits through a preferred payment system, of which Neteller is the most widely used. You can get an additional 20 percent from some casinos for using Neteller. Terms and conditions are much like those for first-deposit bonuses.

Special event bonuses may be dressed up in different ways. You may receive one of these special bonuses if, for instance, you bet a minimum amount on a particular game. Many casinos offer this type of bonus for slots players.

Ryan D. has over 6 years in the online casino and sportsbook market in marketing, operations and customer service. He shares his "insider" views at The Online Gambling Insider


MORE RESOURCES:

State should hold its horses on casino gambling
Glens Falls Post-Star
Moody's Investment Services recently downgraded the gambling industry from “stable” to “negative.” Eleven of the 15 states that have casino gambling have shown year over year declines in revenues. Moody's predicts revenues reported by states will ...



NBCNews.com

Editorial: Chasing the fool's gold of casino gambling
SILive.com
This Tuesday, Oct. 12, 2010 file photo shows the Trump Plaza Hotel Casino in Atlantic City, N.J. The owners of the Trump Plaza casino in Atlantic City say they expect to shut it down in mid-September. Trump Entertainment Resorts tells The Associated ...
Casino Expansion Proposal Riding On North-South Political DealNJ Spotlight
Opinion: Atlantic City casino shake-out could be devastating to troubled cityNJ.com
Atlantic City: Casinos, gambling and the economyDigiNews
New York Times -Washington Post -World Socialist Web Site
all 265 news articles »


Dog racing dying with spread of casino gambling
GamingTodaySlotsToday
But, that was before the spread of casino gambling. Now, casinos are feeling the impact of over-abundance while most dog tracks have been shuttered. Lack of attendance and a growing concern over the treatment and health of the animals caused most ...

and more »


Genting bets on New York casino gambling
MiamiHerald.com
Malaysian gaming giant Genting Group — stymied so far in its bid to bring casino gambling to Miami — is pushing hard in New York, where it is competing to win casino licenses under a 2013 law that cleared the way for full-fledged gambling in the state.

and more »


Longmeadow Town Manager Stephen Crane says repeal of casino gambling ...
MassLive.com
LONGMEADOW — Longmeadow Town Manager Stephen Crane, in response to a question on the matter, has offered his thoughts on the effect of the Massachusetts' Supreme Judicial Court's recent decision to allow state voters to decide the legality of ...



Boston Globe

Casino gambling, sick time, bottle bill and gas tax questions make ...
MassLive.com
BOSTON — Questions on casino gambling, mandatory sick leave, the bottle bill and a gas tax increase will all go before Massachusetts voters in November. Secretary of State William Galvin announced Thursday that the questions will go on the ballot in ...
Galvin announces order of ballot questionsTurn to 10
Ballot question backers face one more deadlineBoston Herald
4 Ballot Questions Before Mass. VotersNew England Public Radio

all 50 news articles »


NorthJersey.com

Sweeney says NJ voters could decide whether to expand casino gambling ...
The Star-Ledger
TRENTON — State Senate President Stephen Sweeney said there could be a referendum on the ballot next November asking New Jersey voters to expand casino gambling to the northern part of the state, according to a report by The Record. Sweeney ...
NJ Senate president open to north Jersey casinosDailyrecord.com
The Record: North Jersey casinosNorthJersey.com

all 31 news articles »


Boston Globe

Martha Coakley is 'pleased' with SJC's ruling on casino gambling repeal
MassLive.com
Martha Coakley is 'pleased' with SJC's ruling on casino gambling repeal. Martha Coakley Casinos. Attorney General Martha Coakley speaking at a press conference on Tuesday. (Mike Deehan, State House News Service). Print · Garrett Quinn ...
Charlie Baker On Casino Gambling: "I'm Still A Big Believer In One Casino"WGBH NEWS
Supporters, critics of casino gambling ready for next step after ballot ...The Tribune
SJC: Massachusetts Voters Can Decide Casino IssueCBS Local
Boston Globe
all 334 news articles »


Council OKs new payment schedule for casino's gambling-tax debt
Longview Daily News
Cadillac Island Casino will pay its back taxes at a slower rate after the Longview City Council on Thursday night agreed to restructure its debt payments. The casino owes $260,000 in gambling taxes and had been making monthly payments of more than ...



Boston Globe

Sweetheart Deal: Casino Gambling, East Boston, And Mohegan Sun
WGBH NEWS
So, call me jealous since I live in the Back Bay and not Eastie, but I don't get why it's such a great thing that Mayor Marty Walsh has shaken down Mohegan Sun for $18 million a year to hand over to just one neighborhood for “improvements” when frankly ...
Sources: Boston has verbal agreement for 'host-like' surrounding community ...MassLive.com
Boston scores lucrative deal with Mohegan in Revere casino bidBoston Herald
Walsh: Casino deal at hand with MoheganNECN

all 92 news articles »

Google News


Advertisement



Section Site Map - Submit News - Feedback - Comments - Advertise with Us

Copyright 2006 Luminati Inc. All rights reserved.