What Is A Casino Bonus?
To understand what is a casino bonus, you must understand these terms:
The wagering requirements are the amount of times the bonus plus the qualifying amount or the bonus amount must be wagered or played through online casinos before customers can request a payout.
For instance, the All Spins casino offers a deposit bonus of 300 %, and the casino has set a 35X wagering requirement. If you make a first deposit of $ 20 at All Spins, you will receive a bonus of $ 60. Now, you have to play through a total of $ 2800 or $ 80 35 times to meet the wagering needs of the casino and become eligible to cash out your winnings.
Permitted Games List
To meet a casino’s wagering needs, you can only bet on permitted games at online casinos. You will find a full list of permitted games on the terms and conditions section of the casino’s website.
Let’s pick All Spins again, and the bets placed on the gamble feature of Pokies games and the double feature of video poker and power poker games do not contribute towards clearing up the bonus. Also, you can’t play the casino games in demo or free mode if you want to meet the casino’s wagering requirements.
Also, each casino game contributes differently to meet the casino’s wagering needs. Real money online Pokies contribute 100 % towards wagering needs. Casino table games contribute 10 % to wagering requirements, whereas Cherry Bomb Deluxe, Dolphin Luck 2, and Monster Munchies contribute less than 50 % to the requirements.
Games such as certain slot games, progressive games, Keno, Poker, Rummy, and Craps contribute 0 % towards the wagering requirements. The casino will confiscate any money you win on these games unless you fulfill the wagering requirements.
Value Of The Bonus
In the case of match bonuses, bigger doesn’t always mean better. This is because every casino comes with a house advantage or house edge, and wagering requirements accompany match bonuses.
The real value of the bonus is the amount of the bonus minus the product of the wagering requirements and the house edge. For instance, if you receive a $ 100 bonus with a 10X wagering requirement, and the game you want to play has a 3.5% house edge, the actual bonus amount will be around $ 65.
This means that you should claim the bonus, as you won’t lose your depositing funds while claiming it. That said, if a casino game has a house edge of 5 %, and your bonus amount has a 10X wagering requirement, the actual bonus amount is -400. This type of bonus is not worth claiming, so you should avoid it.
Limit Of Cashouts
You cannot withdraw or cash out all the money you earn through funds because casinos typically impose a limit on the amount of winnings you can withdraw. While casinos, such as All Spins, don’t have cash-out limits on the welcome bonus, it has a cap of 10X of up to 5000 Euros on those players who received the bonus by redeeming loyalty points.
You cannot waste time when clearing your bonus from the casino. Online casinos typically give casino players a deadline, and the players will have to clear their bonus within that deadline. However, if you cannot claim your bonus within the deadline, the casino will confiscate whatever is left of your bonus.
You should never try to withdraw the casino bonus without fulfilling the wagering requirements. Online casinos consider this abuse and will protect themselves against it. If you request a payout before fulfilling the casino’s wagering requirements, the casino will remove the remaining bonus amount from your account.
An online casino will always inform you how much you can bet on a specific game. If you bet more than the limit, it is considered abuse, and the casino can even nullify your bonus. For instance, some casinos don’t permit players to wage more than or equal to 20 % or higher than 8 Euros of the total bonus amount they have claimed.
Types Of Casino Bonuses?
Online casinos offer different types of bonuses, some of them are:
Sign Up Bonuses
A sign-up bonus can also be a 100 % casino bonus. This particular bonus is a match bonus, and casinos typically offer it as a % of the player’s first deposit amount. For instance, if a player is depositing 10 dollars at a casino that provides a 100 % match bonus, they will receive a bonus of $ 10. The total amount the casino will transfer to your account will be $ 20.
Some online casinos give away reload bonuses every time a customer reloads his/her account.
These are welcome bonuses, and casinos offer them on several deposits. For instance, All Spins Win casino offers a $ 3000 welcome bonus. This welcome bonus is a multi-tier bonus distributed over the player’s first five deposits.
High Roller Bonuses
These bonuses are big match bonuses, and casinos award them on large deposit amounts.
Casinos award these bonuses to loyal customers who have been with them for a while.
How To Claim A 100 %Casino Bonus?
Once you have chosen a casino, you must go through many steps to claim your 100 % casino bonus. Here is a quick guide to what steps you may need to take:
Choose A Suitable Casino Bonus
You must fully know the casino and learn about 100 % casino bonuses in Australian casinos. You can also go through the list of casinos that offer 100 % casino bonuses before picking an online casino.
Sign Up For A Casino That Gives Away A 100 % Casino Bonus
Once you have decided which casino you will pick, you can go to the casino’s website and follow the link that will take you to the 100 % casino bonus. However, you must register before you can get your hands on the casino bonus. You must give a few personal details to register with the casino site.
Some casinos also ask new customers whether they will accept a welcome bonus, so always watch for these details before signing up with a casino website.
Deposit An Amount To Qualify For A 100 % Casino Bonus
The next step in this process is to deposit an amount. You can do this by visiting the casino website’s deposit page and selecting a payment option. You must make a minimum deposit according to the casino’s terms and conditions. However, if you have a promo code, this will be the best time to enter the code and get a bonus.
Receive The Bonus
As soon as you deposit an amount to the account, the casino will credit your bonus; this process typically takes just a few minutes. You can use the bonus bets and play your favorite casino games when you have the bonus funds in your account.
What Games Can You Play With A 100 % Casino Bonus?
We know that Australian online casinos offer thousands of games to their customers. So, what games can you play with a 100 % casino bonus? Usually, you shouldn’t have a problem choosing titles that you like. That said, some offers require casino players to play particular games in order to complete wagering requirements.
If you go for a standard welcome bonus, you will get all the top slot games. Creative and fun, slot games are one of the easiest casino games. There are no rules you have to learn, and you don’t even need to complete the wagering requirements for these games.