What is the Purpose of an Online Casino Bonus?
Bonuses are incentives awarded to players for signing up and depositing money at a site. They are the perfect tool to get players to sign up at online casinos. It also encourages them to stay longer and play more games at a site. With a promotional offer, iGamers can play the most popular games for free and maximize their earnings. It's also an amazing opportunity for players to practice the different types of real money games and kick-start their online gambling adventure.
Different Types of Bonuses Available in 2024
Bonuses are vital to online casinos. Now that you have a fair idea of what they are and the purpose they serve, have a look at the different types of offers you can claim in 2024.
- No Deposit Chip : The no deposit free chip bonus is an exciting offer where online casinos reward players with free chips just for signing up at their site. Players can use this free chip offer to play all types of games including slots, table games, live dealers and more. However, this reward is usually valid on select games only. It is vital you know which games you are allowed to use your no deposit chip bonus on, as you could end up losing any winnings earned from restricted games.
- No Deposit Free Spins : This is the other type of no deposit bonus that is very popular among iGamers. It is similar to the free chip offer above, except here, players can only use the reward on online slots or wheel games. This impressive casino reward offers players the chance to spin the reels at top-rated and popular slots games without having to deposit any real money beforehand. Please note, the no deposit free spins are subject to wagering requirements that directly impacts how you spend your bonus.
- Welcome Package : The welcome package is a top-rated casino promotional offer that is offered to all new players when they sign up with a site. It consists of a match deposit bonus that is available with your first deposit or spread over the first few deposits at a site. The offer can range from anywhere between 50% to 300%, depending on the site you sign up with. Many leading iGaming operators also offer player free spins that make the deal look more appealing for their newest members.
- First Deposit Match (100% and More) : This is one of the most common deposit bonuses available to players in 2024. With this offer, online casinos match a player's first deposit by a percentage that is added over and above the deposited amount. This reward has a minimum deposit requirement that you must meet if you are to qualify for it. Players can claim anywhere from 100% to 300% with the match deposit offer, making it a good opportunity to practise games and test services of a new site at a low cost.
- No Wagering : The no wagering bonus allows players to enjoy the most popular games without any wagering restrictions or playthrough requirements. Players can enjoy their games risk-free. They need not wager the awarded funds a certain number of times before withdrawing the winnings. So, anything won with this offer, including with free spins, is yours to keep!
- Crypto (BTC) : Now-a-days, top-rated online casinos offer crypto bonuses that cater to players who prefer to fund their account using cryptocurrency. New as well as existing players can claim stunning crypto offers by depositing funds using Bitcoin, Dogecoin, Tether, Tron, Litecoin and other digital currencies. Moreover, depositing funds at Bitcoin casinos using cryptocurrencies can earn you higher rewards.
- VIP/High Roller : The VIP or high roller casino bonus is ideal for players who enjoy betting large sums of money on high stakes games. To claim this offer, a player would need to deposit a big amount, a minimum of at least $1,000. With this reward, players can enjoy high betting limits, huge deposit and withdrawal limits, instant cashouts and more.
- Live Dealer : The live dealer bonus is ideal for players who enjoy the thrill of playing live casino games. Leading online casinos offer generous live dealer promotional offers for new and existing customers in the form of chips. Players can use their live dealer free chips on the most popular table games including blackjack, roulette, baccarat and more. Top live dealer casinos also allow players to use their reward on the most entertaining live game shows at their site.
- Minimum Deposit ($1, $5, $10) : Minimum deposit casinos allow players to sign up for free and deposit a low minimum amount to claim their bonus. The low minimum deposits range from $1 to $5 to $10, depending on the brand you sign up with. This presents players with a fantastic opportunity to join a site and enjoy the best offers and services for a small deposit amount.
- Reload : Top online casinos offer reload bonuses to existing members as an incentive for depositing funds and playing games at their site. Depending on the offer, the reward can be in the form of free spins or free chips. Some of the best online casinos in Europe offer weekly reload bonuses that players can use on any game they want.
- Cashback : The casino cashback offer is basically a percentage of the lost bets that's refunded back to players as goodwill. This promotional offer is generally awarded to loyal customers on their net losses and can be as high as 30%, depending on the player's status level. This offer is usually claimed by opting in for it or by using an exclusive promo code.
Advantages of Claiming Promotional Offers for Real Money Gaming
There are many plus points of gambling at an online casino when using a bonus, and in this section, we take a closer look at them.
- Play More - Online casino bonuses offer you extra cash and/or free spins that allows you to play more real money games. Promotions like the first deposit and no deposit offer form a good platform for new players where they can play more games at no extra cost.
- Boost Winnings - The more games you play the better your chances of winning. Promotional offers are the perfect opportunity to boost your bankroll and maximise winnings. There is always the chance of striking a massive payout with free games from promotional offers.
- Hone Skills & Strategies - This is certainly one of the best advantages of claiming casino promotion. They let you play the best games for free while helping you sharpen your gambling skills and practice strategies.
- Makes Gambling More Fun - Bonuses allow you to enjoy your games to the fullest, especially when there is no worry of losing any of your own money. This makes the experience more pleasurable and fun.
- Loyalty Benefits - Bonuses not only offer you the chance to win free real money, but also increase your loyalty benefits with every win. This takes you higher up the VIP ladder, earning yourself better rewards.
Disadvantages of Using Promotional Deals
Casino promotions are beneficial for players in a number of ways, but that doesn't mean they're without their drawbacks. Here's a look at the issues or disadvantages you may face when using online casino bonuses in 2024.
- Maximum Bet Limit - Online casinos allow players using the bonus to bet up to a certain limit with each round. This can be anywhere between $3 to a maximum of $6, limiting the amount you can win. So, should you even accidentally hit the maximum bet button and happen to strike a big win, you can forget all about it, as this will be withheld by the site. To add to this drawback, players are allowed to wager their bonus bets on select games only.
- Short Bonus Validity - All promotional offers have a validity period following which they become null and void. Sometimes the validity period is not long enough, and players may find it difficult to complete the necessary playthrough requirements within the allotted time, losing whatever they may have earned in the process. It is vital you spend your casino reward before the validity period ends, if you are to make the most of it.
- Complex Wagering Requirements - Some casinos offer complex wagering requirements or sticky bonuses where players are expected to re-wager all winnings earned through the rewarded free spins or credits. Players are expected to fulfill these complex playthrough requirements and must do so within the allotted time. Should they fail to do so, the winnings are automatically forfeited.
Understand The Cost of the Bonus
All promotional offers are associated with terms & conditions that players must adhere to or risk losing all their winnings. These requirements can affect your gameplay and how you spend your money at an online gambling site. In this section, we take a look at the important T&Cs that you should be aware of if you are to safely withdraw and keep your winnings.
This is one of the most important terms & conditions associated with online casino bonuses. The wagering requirement stipulates the minimum amount of real money a player is expected to spend at a site before being allowed to withdraw any winnings earned through the bonus. The expected wagering requirement is indicated in multiples of the awarded bonus, e.g., 10x, 25x or 30x. So, if you are awarded a $10 no deposit free cash bonus that has a 20x WR, then you are expected to wager a minimum of $200 (i.e., $10 x 20 WR) before you are allowed to withdraw your bonus winnings.
The wagering requirement with the no deposit free spins is slightly more complicated. So, for example, let's say you're awarded 100 free spins that carry a 10x WR. In this case, you go ahead and use the 100 free spins on the allowed games, and suppose you win a total of $50 from these free spins. You are then expected to wager a minimum of $500 (i.e., $50 x 10 WR) at the site, before being allowed to withdraw any winnings earned using the bonus.
Wagering requirements are something you should take seriously and adhere to, as online casinos are legally entitled to withhold any winnings should you fail to do so.
Online casino companies allow their players to use the awarded promotional offer on select games only. This list of games usually includes titles that have a lower return-to-player percentage, which is the percentage of money you get back after betting at a game over a period of time. So, while opting for an offer, you can check if it is available on high RTP games or at least the types of games you prefer to play.
Maximum Cashout Limits
The maximum cashout limit is an important condition which states the amount of bonus winnings you are allowed to withdraw. This is commonly seen with no deposit offers, but some operators also have cashout limits with deposit match offers too, where the maximum withdrawable amount is allowed in multiples of your first deposit at the site. Players should always check the maximum withdrawal limit before signing up for an offer, and ideally choose a site with a high maximum cashout limit or better still, one without a limit. Another option is to choose a top-rated Bitcoin casino, as these sites offer high or unlimited maximum cashout limits.
To Claim or Not To Claim - You Decide
Online casino bonuses are a great way to get to know a site and the games it has to offer at little to no extra cost. There are a host of offers that cater to specific gaming requirements and also help you build your bankroll. But then again, no bonus is without its prerequisites. It is vital you review the T&Cs to make sure it's actually worth signing up for one . However, this need not make you skeptical of casino bonuses or weary of their T&Cs. Here at Top 10 Casinos, you will find trustworthy gambling sites with the best online casino bonuses available on the internet that are certainly worth your time and effort.
Why do casinos give out bonuses? Bonuses are a win-win for both casinos and players. While they're an amazing way for operators to attract players and keep them coming back for more fun, they benefit players, allowing them to play more games and maximise their winnings.
Is it safe to claim promo codes? Yes, of course. All offers available at Top10 are provided by reputable and the best online casinos in the world.
How do I find the best offers? You will get the best offers on our site, of course. We recommend the latest and most relevant promotional offers to you, while keeping your best interests in mind.
What is the best online casino bonus? The best online casino bonus varies from player to player. The offer will depend on your personal preferences like style of play, type of games you like and betting appetite. Top10 offers you the best selection of casino promotions that caters to all your requirements.
How do I claim these deals? It's simple. Go through Top10's list of different promotions and choose the bonus type you want. Check out the list of casinos offering the bonus, click on the one you like the most and sign up with the site to claim the deal.
Can I really win real money with a free bonus? Yes, of course. All featured sites allow you to win real money with your free bonus and keep your winnings.
What is the purpose of wagering requirements? Wagering requirements protect operators from incurring debilitating losses through the online casino promotions they offer players.
Are no wagering bonuses always worth claiming? This would depend on whether its terms & conditions such as wagering requirements, game restrictions and betting limits suit your style of play or not. If these conditions suit your needs, then the no wagering bonus would certainly be worth it.
How long will it take to receive my bonus? Casino promotional offers are usually activated instantly after you've fulfilled the activation commitments. You can get all the necessary details on the T&Cs page of your online casino.
Are the biggest bonuses the best? No, not necessarily. A site could offer you a big promotional offer with wagering requirements and conditions that are hard to achieve. This will adversely impact your winnings. It is important you read the fine print to understand the T&Cs before signing up with a site.