Casinos give a number of different types of bonus offers to get a player to try out the games without losing their own money. Casino bonus money gives a player a chance to find which game they like best without the added risk of them blowing their own cash.
*Casinos offer play in US dollars, Canadian Dollars, Australian Dollars, Euros and Sterling. For the purpose of the bonus explanation, we shall use US Dollars in this guide.
1. The Happy Hour Bonus: 60 minutes free spins with up to $3000
This is the most innovative bonus offered at online casinos today.
The casino will give a player 60 minutes and upto $3000 to make as much money as you can and you get to keep a portion of your winnings. A list of casinos offering the happy hour bonus is viewable here.
The player is required to make a profit over the initial amount the casino has given him/her and then they will be able to withdraw up to a certain limit of the winnings. The wagering requirement on this bonus money is 30 times, which has become industry standard at most good casinos. Always read the terms and conditions around bonus money before you start playing..
Personally, we think this is one of the most innovative bonus deals for first time depositers especially since you don’t have to worry about wagering/playthrough requirements.
2.The No Deposit Bonus
The No Deposit Bonus is the traditional free money offer where a casino will give you real money purely for you to try out their games. A list of casinos offering no deposit bonuses is viewable here.
The wagering requirement/playthrough is usually on the high side (usually 99 times the free money) and there are cash out amount restrictions.
wager/playthrough/bet = free money x 99
so if the free money is $30 then
wager/playthrough = (free money) x 99
= ($30) x 99
= $2970
This means you have to wager/playthrough $2970 before you can make a withdraw of any money you win. Please have a look at the wagering/playthrough guide to get clarity on this subject.
3. 100% Match Bonus Up to $100
This bonus is the most common offer at most casinos.
The minimum deposit is usually $20-$25 which means that if you make a deposit of $20 you’ll play with $40. The bonus always comes with a wagering requirement of between 20 and 30 times the deposit amount and the bonus.
wager = (purchase + bonus) x 20
so if you made a deposit of $20 therefore
wager= (purchase + bonus) x 20
= ($20 + $20) x 20
= $800
This means a $800 wager is required before you can cash out. Wagering is also game specific, read more about that in the playthrough/wagering Guide.
