How to get the best deals when gambling online

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With the increasing demand of the iGaming industry of the past few years, seasoned casino players want to get the best value from their gaming experience. When playing at a land-based venue, this may come in the form of entertainment in the lounge area, and in some cases, free drinks at the blackjack tables. 

The focus online is more centered on promotional offers that add value. But as a newcomer, you might not know how to find the top online casino bonuses. That’s where this article will help. In a nutshell, you need to understand two things – the different types of bonuses and the terms and conditions.

Types of Online Casino Bonuses

Bonuses offers come in many shapes and sizes, which is understandable as the casino operator wants to appeal to as many different players as possible. Here’s an overview of the most common bonuses.

No deposit bonuses

If you want to taste the thrills of playing with real money, but without the risk, a no deposit bonus is the answer. These offers are awarded to players simply for creating an account and verifying their mobile number. A typical no deposit would be 20 free spins or $10 in bonus cash. 

Unquestionably, these are one of the best deals when gambling online because they are risk-free. However, most casinos set a limit on how much you could win, so they aren’t for everyone.

Matched deposits 

As the name suggests, the casino matches a player’s deposit with additional bonus funds. For example, 100% up to $200. This means if you make a real money deposit of $50, you’ll receive $50 in bonus funds. Most welcome bonuses and weekly reload bonuses are matched deposit offers.

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Free spins

Free spins are obviously a favourite for slot players. Virtually all online casinos have some sort of free spins promotion, ranging from no deposit bonuses (mentioned above) and welcome offers to game of the week promotions and loyalty rewards.

Cashback/Rebate bonuses

A cashback bonus – sometimes referred to as a rebate or refund bonus – gives money back to the players based on their aggregated losses. For instance, a player may get 10% cashback if they have a net loss playing live roulette at the weekend.

While there are a few other promotions, including prize draws and raffles, the ones mentioned above are the most popular, and regardless as to how the casino dresses it up, the mechanics of the bonus will generally be one of these types.

Terms and Conditions

All online casino bonuses come with terms and conditions. It’s this small print that determines how likely or unlikely it is for the player to extract a profit (value) from the offer. While there are several terms and conditions to consider, such as the minimum deposit amount to activate the bonus, time limits, and possible maximum win caps, the main one is wagering.

Wagering requirements

Free casino cash from a matched deposit bonus or winnings from free spins is termed as ‘bonus money. This bonus money is non-withdrawable until the player has completed the wagering requirements. 

For example, you may see 100% up to $100 with 30x on the bonus. Therefore, if you deposit and get $100 in bonus money, the wagering requirement is 30 x $100 = $3,000. To clear this, you must continually roll over the initial $100 until you’ve placed $3,000 in bets. The chances are, you’ll lose the $100 before achieving this, and that’s the end of the bonus.

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A quick tip, some casino operators make the wagering for both the deposit and bonus. This is something to be aware of as it makes a massive difference to the total amount you need to bet.

So, what can we learn from wagering? Quite simply, the lower, the better. That’s the golden rule. A handful of casinos now offer no wagering free spins, so the winnings are paid in real money. If you want a great deal when gambling online, these take some beating.

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