What Are Deposit Bonuses?
Most online casinos offer bonuses to new and existing players. Although these bonuses come in all shapes and sizes, and whether you’re a new or returning player, knowing exactly what they entail can make the difference between a great casino experience and a not so great one! A deposit bonus is the amount of money that the player deposits to a player account after the registration process is completed. The amount can be anywhere from $10 upwards and as much as $100 or more. In our article we’ll focus on the different Deposit Bonuses, what they entail in terms of wagering requirements and Terms and Conditions and we’ll also look at free spins.
First Deposit Bonus – Match Bonus
Your first deposit bonus is an incentive for you to familiarise yourself with the online pokie games and allow you to play longer. This type of bonus is offered to new players at most online casinos these days, it’s a promotional tool designed to encourage you to sign up and make your first deposit. The value of the bonus is usually a percentage match on your first deposit. In other words if you are offered a 100% match on your first deposit of up to $100, and you decide to deposit the minimum amount required, let’s say for example that you deposit $10, you will then receive $20 from the casino. Every casino has a slightly different way of managing their bonus offerings and you will find that some will award you by matching your initial deposit whilst others require several deposits to unlock the bonus. At Mobile Pokies, we find the best deposit bonus pokie sites so that it is easy for you to sift through the massive selection available on the internet.
As a new player, the first deposit bonus will benefit you as it offers the chance to accumulate extra wins with no risk to your own money. It’s essentially free funds for you to not only test the pokies, but also look around the online casino and see if it’s all that you hope it will be.Playing the pokies with your free reward means a higher chance of winning and extending your playing time.
Another variation of the Welcome Bonus is a bonus package with a cap. For example, a casino offers a 50% match bonus up to $500. This means that the online casino will offer you 50% of your deposit provided it will not exceed $500.
There are always wagering requirements linked to every sort of bonus and free spins, but we’ll cover that a little later one.
No Deposit Bonus
A No deposit bonus is a free of charge bonus offered to new players or to reward long standing loyal players. For a new player, it is a valuable way to start the gambling adventure. If you have always wanted to learn how to play online casino games, but you were too afraid to lose money, then this is the bonus you will want to receive. This free Bonus is highly sought after by players as it is essentially free money that the casino offers you. The best part is that you don’t have to deposit any money to receive the bonus. The casino chooses the amounts on offer, but usually you get $5 or $10 or more and you can play this money without fear of risking your cash. Although the money is instantly credited to your account, it is money that must be used for gambling and can’t be withdrawn into your bank, e-wallet or credit card until the wagering requirements are met. This is the amount of times you must play with this money before being allowed to convert it into cash for withdrawal.
The reload bonus is offered when you make a further deposit into your account, and although a little less generous than the initial welcome deposit, it’s still considered a fantastic opportunity to continue playing the pokies with casino money. Offered as a certain match percentage on your deposit, it can range from 15% or higher. Some casinos offer as high as 100% match on your deposit, but that’s rare.
Whereas the purpose of the Welcome Bonus is to offer an incentive for new players to stay, the Reload Bonus is offered to existing customers as an incentive to stay and keep playing. A Reload Bonus, or a Loyalty Bonus as some call it, can be offered weekly or monthly, and sometimes as a special promotion.
A Cashback Bonus is casino money that the casino deposits into your account to counteract a loss during gameplay. It’s a way of showing that the casinos cares and wants you to play for longer, thereby giving you a better chance of winning. Usually this bonus is calculated as a percentage of your net losses that you’ve endured during play and offered on particular games Since you’ve already wagered your money, you have nothing to lose by getting some of it back. It can be anywhere from 5% to 30% and it’s calculated daily, weekly or monthly, depending on the casino you are playing at and their bonus policy. Terms and Conditions apply.
Free spins are often bundled together as part of a Welcome Deposit Bonus or another Bonus package. When free spins are offered as part of a Welcome package, the player can be given free spins to play immediately or they could be split over a number of days, for example 100 free spins to be used at 20 free spins per day for 5 days. Free spins are usually allocated for specific pokies and can be offered in a number of ways:
No Deposit Free Spins – There’s no need to make a first deposit to qualify, you simply fill out the registration, agree to the casino’s Terms and Conditions and they’re yours. No deposit free spins are very attractive to low stakes players that are trying to build a bankroll with absolutely no risk to their own money.
Deposit Bonus and Free Spins – A deposit is required and the the concept is pretty much the same as with the No Deposit Free Spins, you can play the pokies, generate wins and after fulfilling the wagering requirements, the winnings can be withdrawn.
High Roller VIP Bonus
At online casinos, the high roller bonus or VIP bonus is probably the biggest incentive a casino can offer its clients. High rollers are a very select group of players that deposit huge amounts of money and chase big wins. Naturally, they are very valued clients and the casino will offer them not only much higher deposit limits, but also a personal account manager, faster cashouts, and birthdays will not go unnoticed. The High Roller Casino Bonus can easily reach $1000 or more and is usually offered as a match bonus.
Terms and Conditions And Wagering Requirements
Every bonus offered by an online casino comes with wagering requirements and it’s always a good idea to examine the fine print that make up the Terms and Condition before accepting a bonus. Because you are entering into a contract with the casino when you agree to accept their bonus offerings, it’s always wise to know exactly what the wagering requirements, time limits, weighted games and bonus limits are.
In simple terminology, a wagering requirement is the number of times you can play a bonus before being allowed to withdraw your winnings. For example, If your online casino offers you a $20 bonus with a 10x wagering requirement, you will have to spend $200 on eligible games before you can withdraw pending winnings earned. In another example, if your free bonus of $50 has wagering requirements of 30x, this means that your bonus amount credited to your account is subject to 30 times playthrough before it can be cashed in. Your accumulated winnings made whilst working towards your wagering requirements will be held in a pending balance and cannot be withdrawn until the requirements are met. You can however, use this money to work towards the wager requirement.
Wagering will count in full on some games, usually the pokies, but on other games will not count in full. Make sure you know the weight of each game towards the wagering requirements and be aware that bonuses are limited to one per household or one per device. If you try and find a way to break these rules, you may have your bonus rescinded and possibly your account closed.Always read the Terms and Conditions to know exactly which games you can play on to fulfil the requirements.
Receiving a bonus is an excellent reason to try out a new online casino and although some casinos need you to deposit and some don’t, the free gift is always welcomed by the player. Welcome Bonuses, Reload Bonuses, Cashback Bonuses and free spins afford the player the chance of playing the irresistible online pokies and casino games for free with a chance to win money that can be converted to cash after wagering requirements are met. With so many opportunities to play the pokies for free, this is a win win for both the player and the online casino. Why not register at one of our recommended casinos today? Play on the go with your smartphone or lounge around at home on your desktop, either way, it’s the most fun you can have with your spare time.