How Do Casino Bonuses Work?
Some bonuses reward loyalty, and are reserved for existing members, but when you join a casino as a new member, you’ll likely be most interested in getting the best sign-up bonus. The 3 main types are welcome cash bonuses, no deposit bonuses, and free spins…
This guide should help you see what’s best for you and make a savvy choice!
1) Casino Welcome Cash Bonuses
The most eye-catching bonus offered by many casinos is a welcome cash bonus… And it pretty much does what it says on the tin, offering new members a cash bonus to say ‘Welcome’ when they sign-up and make their first deposit!
2) Casino No-Deposit Bonuses
Believe it or not, no-deposit bonuses are a lot like standard welcome cash bonuses – only you don’t need to make a deposit! (Maybe you guessed that from the name?) A no deposit bonus is the perfect way to start gambling on a site you’ve never used before, since you get to bet using your bonus funds, without putting up your own money…
And, if you don’t like the site that’s no problem, you can walk away without having spent a thing!
3) Free Spins
Instead of offering cash to gamble, many casinos offer free spins for new members instead – that means you get a free go on selected games (often slots – hence ‘free spins’).
Essentially, free spins and cash bonuses are different ways of presenting something very similar – the chance for you to gamble without using your own cash! Just like cash bonuses, some casinos offer no deposit free spins!
If free spins appeal, check out our guide to the best free spins!
So, How Do the Numbers Work?
Naturally, any savvy gambler wants the best bang for their buck! But choosing the best casino bonus for you means you’ll need to understand the numbers…
Bonuses are normally explained in either cash or percentage terms. That means you’ll see offers like ‘Get £20 free when you deposit £50’ – which couldn’t be simpler. But how do percentages work?
Deposit bonuses offered on a percentage basis relate to the amount of your own cash you’ve paid in – so a 100% deposit bonus on a £50 deposit would equal £50 free as a bonus. It’s worth saying that many casinos set an upper limit (so you might see an offer for a 100% deposit bonus up to £1000, for example).
It can be worth taking the time to work out which bonus structure gives you the best return!
How Do Casino Wagering Requirements Work?
Casinos that offer the best bonuses have to protect themselves from members simply stealing that money (i.e. signing-up, claiming a bonus, and walking away with the free cash!) The casinos do this by applying wagering requirements that mean that cash bonuses and winnings from free spins have to be wagered (bet) a set number of times before being eligible for withdrawal.
The casinos publish their wagering requirements in their T’s&C’s – and, though these requirements can look a little complex, it’s worth remembering that they’re really just there to protect the gambling sites from abuse and to allow the casinos to offer their services to genuine gamblers.
How Do I Get a Casino Bonus?
Easy! Pick from the Genie’s list of the best casino bonuses – click through to the site, sign-up, and enjoy your reward!