• A Look Into How Bonuses Work and What to Avoid

    Added - Oct. 27, 2013 Casino

    Deposit bonuses are some of the most popular promotions that online casino sites will put on to try to get a piece of the market. There's a lot of competition between different companies, and since almost all of them offer bonuses, it's a good idea to understand how these offers work. On the most basic level, a deposit bonus gives you extra money for wagering purposes based on a percentage match of your deposit amount. For example, a 50 percent bonus on a $60 deposit would give you an extra $30 value.

    Most of the time, you'll have wagering requirements that you'll need to complete after receiving a deposit bonus before you can cash out. These requirements are in place to protect the casinos from people who would blatantly abuse promotions. If they allowed this abuse to take place, then they wouldn't be able to offer you anything, so in an odd way, the play-through requirements are there for the protection of the players. These requirements are usually based on a multiple of the sum of your bonus and your deposit. So if you deposited $60 for a 50 percent bonus that had a 20x wagering requirement, you would need to wager a total of 20 * $90 = $1,800 before you could request a withdrawal.

    Some bonuses will have game restrictions. These restrictions will keep you from playing certain games until you clear the wagering requirements of the bonus. If you violate these requirements, then you'll void your bonus and any winnings that you have earned up to that point. Make sure to look for any game restrictions before you make your deposit with a bonus code to make sure that you want to play inside of the range of games offered. Avoid bonuses with game restrictions that don't match up with what you're wanting to play.

    One other thing to look for is whether or not a bonus offer is cashable. This means that you can cash it out once you clear it. Some offers are only available for wagering purposes.