All online casinos offer uniquely tailored bonuses. Although you’ll typically find the same type of bonuses, each one will be for a different percentage, an amount matched, or free spins given. On top of that, you have to ensure that you’re happy with the minimum wagering requirements set against each bonus before accepting it. We’ll talk more about that in a minute. Let’s take a look at the various types of bonuses you can take advantage of.
Welcome Bonus or New Player Bonus
The online gambling industry is one of the most competitive worldwide, and you can benefit from the enticing welcome gifts offered by casinos. The most common type of online casino welcome bonus is a match on your first deposit into the casino account. Typically, you’ll find a 100% match up to a set amount.
Let’s say the welcome bonus reads a 100% match up to £100. If you deposit £50, the casino will match your deposit 100%, and you’ll have £100 to play with. If the casino bonus is a 200% match up to £100 and you deposit £50, you’ll have £150 to play with. A deposit match welcome bonus is a wonderful way to take advantage of the casino’s generosity to play longer for less money.
Deposit Match Wagering & Minimum Deposit Requirements
As we mentioned earlier, each online casino bonus has a fixed minimum wagering requirement. You’ll typically find that you have to play through your bonus a set number of times to clear it.
Let’s say a bonus has a betting requirement of 50x. If the casino matches your deposit with £50, you’d have to place bets to the value of 50 x 50 = £2,500 to clear your bonus. You’ll only be allowed to withdraw winnings accumulated from a bonus once the requirement is fulfilled.
Most online casinos will hold you to a minimum deposit to claim a welcome bonus. It largely depends on each casino and typically ranges from £1 up to £20. It could also limit the amount you may withdraw, and these vital points will be published in its ‘terms & conditions’ section on the website.