The competition among online casinos is becoming increasingly fierce since new operators are constantly becoming available; thus, every site works extremely hard to offer the best bonuses and promotions to attract new players.
Granting bonuses and promotions is one of the leading marketing strategies in the gambling industry. Online casinos compete to entice users to choose their site over another. These promotions are very desirable to players because they increase their gambling budget. Thus, they can enjoy playing their favorite games for a longer time.
Bonuses are so influential in deciding which casino to play that there are pages that specialize in reporting the best codes for online casinos and their bonuses so that players can compare one with the other to choose which one suits them best.
There are several different types of bonuses, and each casino makes its own rules when it comes to the amounts of money and the terms and conditions that each one entails. Let´s take a closer look!
What is an online casino bonus?
The bonuses and promotions every online casino offers are marketing tools each casino uses to stand out from the other sites competing in the market. Bonuses are not a standardized product; each operator promotes different bonuses with specific characteristics and conditions.
Some bonuses are only for VIP users; others require players to deposit or even several deposits. Some must be claimed by accessing a code on the casino website. But the main idea of the bonus is the same everywhere; it consists in the offering of a certain amount of money (which cannot be cashed out) so that players can boost their bankroll and try all the games the casino has to offer.
Of course, bonuses are optional; you don’t have to claim them if you don´t want to. However, that rarely happens. The most common bonuses in the market are: the welcome bonus, the reload bonus, the no deposit bonus, and the cashback bonus, among others.
What is an online casino bonus code?
As we said before, some bonuses come with a code. This is an alphanumeric key that serves to claim the bonus in question.
To claim the best codes for online casinos, you have to enter the casino site and enter the key code in the designated field. And that’s it; you can now access the free gift given by the casino.
What to consider before claiming a bonus
One of the most important things to consider before claiming a casino bonus is the wagering requirements. It is essential to check on this matter first (you must always read the terms and conditions of every promotion before claiming it) because if you don´t meet the conditions the bonus requires, you may not be allowed to cash out your winnings. If you don´t play by the rules, you could lose your bonus money and winnings.
Therefore, it is vital to make sure you understand how the bonus you are interested in claiming works; the only way to do that is to read the terms and conditions carefully.
Once you have done this, you can analyze if the bonus is convenient for you or not, according to your style of play. It is essential to understand that not because it is free is right for you. Because every bonus or promotion comes with some conditions attached, you must make sure you are willing to meet afterward.
For example, imagine that you want to claim a bonus that offers 100% of your deposit back but with a wagering requirement of 10x. If you deposit $500, the casino will give you another $500 as a gift so you can wager more money, but it also means that if you want to withdraw your winnings, you must first have wagered 10 times the amount of your initial deposit, that is $5000.
In short, once you have obtained the bonus, you will have a budget of $1000 (having deposited $500), but you will not be able to withdraw your winnings until you have wagered a total of $5000 again.
Bonuses and promotions are great gifts that attract players constantly, and in most cases, such gifts are beneficial. However, you should make sure that the conditions attached to any of them are not too difficult for you to fulfill; otherwise, they are not worth claiming.
Tiago is a soccer and games enthusiast with years of gaming content creation. His favorite games are DOTA 2 and FIFA, and his favorite soccer team is AC Milan. Tiago´s work has been featured in PC Gamer and Football Times. You can find his content at Safest Betting Sites.