Over the past decade, the online casino industry has matured. Most of the “fly by night” operations have disappeared, replaced by reputable full-service casino sites that consider customer service a top priority.
One of the most effective ways they attract new customers while encouraging existing members to place wagers is by offering casino bonus codes.
But, there’s a lot of confusion that surrounds how these casino promotions work. Both new and experienced players often misunderstand how they’re awarded to players and the eligibility requirements for cashing out any of your online casino bonuses.
This site, will provide you with a basic guide that will help you take advantage of some of the most generous online casino bonuses available as well as explain the hidden parts of the bonus that might normally go neglected.
Different Types Of Online Casino Bonuses
There are many different types of casino bonuses; the most popular are sign-up promotions designed to attract new players to the casino.
Reputable gaming properties, such as Rushmore Casino, This Is Vegas, and Cherry Red Casino offer valuable bonuses to entice new members to open an account. In some cases, a casino may offer new players a “no deposit” casino bonus. However, they tend to be small and there are a lot of restrictions that apply.
In other cases, a casino will match a new member’s first couple of deposits.
For example, using our Cherry Red Bonus code, each new member can get a 100% match on their first deposit (up to $377) and a 100% match on their second deposit (up to $400). This online casino bonus encourages multiple deposits over time.
Besides online casino sign-up incentives, players can often take advantage of several ongoing or rotating bonuses from different casinos. Online casinos offer these ‘rotating monthly bonuses’ in order to encourage existing customers to participate and place bets. Some are specific to certain types of games. Others are provided based upon the day of the week, so it’s important to know what is offered and how to take advantage of your bonuses.
For example, iNetBet bonus offers are specific to slots, keno, and bingo (among others). On the other hand, with a top BetUS promo code you can play in their casino with a series of promotions that rotate throughout each week. Mondays are “Happy Hour” days and Wednesdays are “Hump Days.”
Every online casino offers their members at least a couple of different types of bonuses. One of the most important thing to learn about casino bonuses is that some of them are cashable and some are non-cashable. Most are non-cashable actually.
Cashable And Non-Cashable Online Casino Bonuses
Now, let’s talk about the difference between “cashable” and “non-cashable” incentives. A cashable bonus means that you can actually cash it out. Non-cashable means that you can use the bonus for wagers, but you’re ultimately forced to forfeit it when cashing out your winnings.
That doesn’t mean that 1 type is always better than the other. There are always restrictions that apply, which we’ll describe in a moment. Once those restrictions are considered, a non-cashable incentive may actually be better than a cashable option.
Casino Bonus Playthrough Requirements
Every online casino bonus will have a “playthrough requirement” (also called a “wagering requirement”). This represents the amount of money that you’ll need to wager in order to cash out.
It’s normally listed as a multiple of the sum of your bonus plus deposit, though some casinos list their playthroughs as a multiple of only the bonus. First, we’ll describe how they work with a simple example. Then, we’ll explain why casinos use them.
Assume that you deposit $100 into your casino account. The casino gives you a 100% match, or $100. You now have $200 in your account. The bonus carries a “20x playthrough requirement.” That means you’ll need to wager $4,000 (20 times $200) before you can cash out.
If an online casino were to offer a cash bonus with no playthrough requirement, they would likely go out of business.
Millions of players would swarm the site, open accounts, redeem their bonuses, and cash out, leaving the casino bankrupt. Playthrough requirements ensure that gaming properties can offer generous bonuses and still make money.
Some Casino Game Restrictions For Bonuses
Most online casino bonuses also have restrictions on the types of games that contribute toward the playthrough requirement to meeting the online casino bonus information.
For example, Rome Casino offers a generous 200% matching sign-up incentive for new players. But, wagers placed on roulette, craps, video poker, and most table games will not count toward fulfilling the playthrough.
Another important note: some casinos allow bets that are placed on certain games to count toward the playthrough, but only at a reduced percentage. For example, Rome Casino allows blackjack bets to contribute, but only at 2% of each wager’s value.
Where To Find The Best Casino Bonuses
There are thousands of online casinos and each has their respective promotions. It is intimidating to know where to start or who you can trust. We’ve uncovered the best casino bonus codes and listed them in easy to find format on our home page and we cover the online casino bonus basics across our site.
If you just want to get started right now, the most generous bonuses at Cherry Red Casino Bonus Code, Rushmore Casino Bonus Code, This Is Vegas Bonus and iNetBet Bonus. Not only do all 5 provide attractive incentives, but they devote a significant portion of their resources to providing their members with responsive customer support.
Invest a few minutes today to visit their websites and look at their bonus structures. Then, open an account at each to begin playing your favorite casino games using their money. You can also review our easy casino bonuses that lists the fastest to earn casino bonuses on the market.