Online Casino Bonuses – Different Types and how do they work

Almost every casino website offers a variety of bonuses. If you want to make an accurate comparison, you need to take a look at the offered bonus in detail. Most of the bonuses have requirements not only for a minimum deposit, spins, or placed bets but wager requirements as well. Casino bonusses are popular incentive for players to switch between online casinos, and enjoy their slot games. Non-deposit bonus is the most popular option between players, however casinos are rarely willing to offer it as players can easily abuse it. Welcome bonuses are called the offers provided only to new players, they are the highest in terms of value and can easily exceed 100%.

Wager Requirement (Also called Playthrough Requirements)

By definition, the wagering requirement is a multiplier that represents the number of times you have to play through a bonus before you are able to withdraw any winnings. Most commonly referred to as W.R.

Example: The online casino gives you a 100$ bonus if you deposit 100$ and the wagering requirement is 5x. The calculation you have to make is as follows:

100$ (bonus) x 5 (W.R.) = 500$ (wager)

In order to make a withdrawal, you must wager a total of 500$

Some online casinos wagering requirements include the deposit of the player.

Example: The online casino gives you a 100$ bonus if you deposit 100$ and the wagering requirement is 5x (deposit included). The calculation you have to make is as follows:

(100$ (deposit) + 100$ (bonus)) x 5 (W.R.) = 1000$(wager)

In order to make a withdrawal, you must wager a total of 1000$

Now let’s go back to the bonus types. First of all, we can divide the bonuses into cashable and non-cashable.

Non-Cashable Bonus (Also called Sticky bonus) – it’s not withdrawable as part of your winnings. Usually, it’s used to increase your playing balance and gives you different credits to use when placing wagers. After you meet the wager requirements you can withdraw the winnings made from it without the bonus itself.

Example: The online casino gives you a 100$ bonus if you deposit 50$. You take the offer, run up your bankroll to 300$, and request a withdraw. The casino will remove the non-cashable bonus and process the withdraw. The calculation is as follows:

300$ (deposit + bonus + winnings) – 100$ (bonus) = 200$ (deposit + winnings) withdrawable bankroll.

Cashable Bonus – You can withdraw it with your winnings, once you meet the wagering requirements.

Example: The online casino gives you a 100$ bonus if you deposit 50$. You take the offer, run up your bankroll to 300$, and request a withdraw. The casino will process your bankroll including the bonus. The calculation is as follows:

300$ bankroll (deposit + bonus + winnings) = 300$ withdrawable bankroll after you meet the W.R. for the deposit + bonus

The division of bonuses to Cashable and Non-cashable is just the simple top layer. Casinos create a new type of bonuses all the time, based on many different factors, conditions, or attributes. Let’s take a quick look at the most popular ones on the market:

Welcome Bonus (Also called Sign Up Bonus or New Player Bonus)

This is one of the most popular bonuses and you will find it in almost every online casino. It’s a one-time bonus and the amount and the conditions may vary, but in general, there are two ways this bonus is usually awarded:

–         As a percentage of your deposit: it varies according to the amount of the deposit and is usually between 50% and 500%. A bonus of 100% is called a Match Bonus – for every deposited dollar, there will be an additional matching dollar in bonus cash. A bonus of 50% will add an additional 50 cents to every dollar deposited from your side.

Example: The online casino gives you a 300% Welcome Bonus. If you deposit 100$ this means you get 300$ + 100$ deposit = 400$ total balance to play with. The wagering requirement is 25x and includes the deposit. The calculation should be as follows:

(100$ (deposit) + 300$ (bonus)) x 25 (W.R.) = 10 000$ (wager)

In order to make a withdrawal, you must wager a total of 10 000$

–         As a defined amount: The casino gives to the player a certain bonus if he deposits a minimum amount of money, defined in the terms and conditions of the bonus. There could be different levels of the bonus defined, based on the size of the deposits. You have to differentiate

Example: The online casino gives you 100$ Welcome Bonus if you deposit a minimum 50$ and the wagering requirement is 40x. This means you get 100$+50$ deposit = 150$ total balance to play with. The calculation should be as follows:

(50$ (deposit) + 100$ (bonus)) x 40 (W.R.) = 6 000$ (wager)

In order to make a withdrawal, you must wager a total of 6 000$

Free Trial Bonus (Also known as No Deposit Bonus)

This is a variation of the Welcome bonus, but there is no deposit required. The casino gives a certain amount of free money to the player and once the wager requirements (usually they are higher compared to the welcome bonus) are met, the player can cash out the money he won with the bonus.

Example: The online casino gives you 100$ Free Trial Bonus and the wagering requirement is 60x. The calculation should be as follows:

100$ (bonus) x 60 (W.R.)) = 6 000$ (wager)

In order to make a withdrawal, you must wager a total of 6 000$

Free Spins Bonus

At first, this bonus was available only for existing players or as a special promotion for a new casino game came out, but now you can find it as a Welcome bonus as well (it can be added to a match bonus for example). Usually, the bonus applies for a specific Slot Game(s) and you won’t be able to choose where to use it. The wager requirements multiply the winnings you have made from the free spins.

Example: The online casino gives you 100 Free Spins. Your winnings from the free spins are 10$. The wagering requirement is 40x. The calculation should be as follows:

 10$ (winnings) x 40 (W.R.) = 400$ (wager)

 In order to make a withdrawal, you must wager a total of 400$

Existing Player Bonus

This type of bonus is almost the same as these we already discussed, the only difference is that it applies to already existing(deposited) players. It could also include a time frame (daily, weekly, monthly, etc.) or to a certain game, the bonus refers to.

Example: The online casino gives you a 100% Bonus up to 500$ Deposit +100 Free Spins. You deposit 500$ and your winnings from the free spins are 10$. The wagering requirement is 40x (including the deposit+ winnings from the free spins). The calculation should be as follows:

 (500$ (deposit) + 500$ (bonus) + 10$ (winnings)) x 40 (W.R.) = 40 400$ (wager)

 In order to make a withdrawal, you must wager a total of 40 400$

Reload Bonus

This is a bonus for players who have already made a deposit at the casino. It’s kind of a follow up to the casino’s Welcome Bonus and it’s very similar to its conditions, but it’s usually given at a lower percentage (less than 100%).

Example: The online casino gives you 50% up to 1000$ Reload Bonus. You deposit 2000$ (500$ bonus). The wagering requirement is 40x (deposit included). The calculation should be as follows:

(2000$ (deposit) + 500$ (bonus)) x 40 (W.R.) = 100 000$ (wager)

In order to make a withdrawal, you must wager a total of 100 000$

Loyalty Bonus

This type of bonus is a special one and it’s given as a reward to the player for his loyalty. It can be cash, free spins, or any other prizes, it all depends on the casino and from the player’s preferences (if he is offered to make a choice between options). Most commonly it’s in the form of points that can be converted into money. Of course, you will have to spend more than the average player to see the true value of these benefits. You can be rewarded for multiple actions – the total funds you have deposited, % of the net loss, or for the number of spins, bets, or wagers you have made. Even here the wager requirements are obligatory.

Deposit Method Bonus

This bonus became very popular in the last few years when the cryptocurrencies (especially Bitcoin) were added to the Online Casino Payment Methods. Currently, this is a very preferred payment method from the players due to the faster deposits and withdraws, high security, and easy verification. In order to promote it, online casinos offer an extra bonus if you choose it for your payment.

Cashbacks/Free spins on loses

This is a type of bonus, offered only by online casinos that are planning to build a long-term relationship with their most valuable clients. The bonus can be fixed or percentage cashback for the clients’ played money, or individual free spins added to the clients’ account. Another popular bonus is the free bet, where the stake is not returned.

Inactive (Dormant) Player Bonus

This is a specific type of bonus, targeted at players who haven’t visited or played on the website for a certain period of time. Usually, these bonuses are in the form of a cash bonus, free spins, or free bets. The wager requirements depend on the player level.

Get Informed

No matter which online casino and what type of betting you prefer, make sure you are well informed about the conditions the casino offers. The best way to enjoy the game optimally and reasonably is to have a realistic assessment of the available opportunities. There are many sport bonusses such as money bonus or free bet, and you can play and abuse them anyway you like.

Nowadays there are many laws and regulations that make the wagering requirements more visible. Players have access to all information needed for responsible and safe online gambling. Every online casino needs to display clearly the wagering requirements and other important information that could make the withdrawal procedure complicated or even impossible.

Always read the fine print. If you can’t find detailed information on the casino requirements for a certain offer, you can always go to the Terms & Conditions page or contact Customer Support.

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