Let’s talk about slot bonuses at online betting for a second.
First, what is a slot bonus?
It is a kind of offer from the casino to tempt you to make a deposit. There are all types of bonuses. We will tell you what the most popular ones are in just a second.
Second, why does the casino offer bonuses?
Like we mentioned, casinos want you to deposit and play at their online casino. And since all games are in the casino’s favor, and many players play until they broke, they are able to make these offers to you because they know you will most likely give it back.
Third, should you accept the bonus?
We can see you now, giving us a puzzled look, wonder why we would ask such a silly question.
Of course you take the bonus.
Right?
Not exactly. What you do not yet know about bonuses is that they go together with terms. You need to meet these terms before you cash out or else the casino will void your bonus money and any money you earned with it.
That doesn’t seem fun, does it?
Now, we do not point these things out to make you scared from taking a bonus. We just want you to get informed so that no casino will ever get the drop on you. Be aware of more about bonuses as malaysia online casino free welcome bonus and how they work will help you look for the best and easiest to clear deals.
If, in reality, a bonus is right for you.
How will you know? Keep reading – we will tell you.
First Things First – What Types of Slot Bonuses Are There?
Let’s first look at all the various bonuses casinos provide you (not usually at the same time).
Deposit Bonus – This is for first time depositors. The most popular are match bonuses. The casino provides to match a percentage of your deposit. Cases of casino offers are: 100% match up to $1,000, 50% match up to $5,000 or 200% match up to $500.
Reload Bonus – These are just like deposit bonuses except they are often reserved for current customers. These are offered to get players come back and deposit once more.
Refer-a-Friend – This is an offer paid to you every time you refer a player making a deposit and (usually) plays so many dollars worth of games. The best deals pay both you and your friend a bonus, and won’t have a limit for how many friends you can refer.
Cash Back – This is not a bonus per se, but many online casinos give you points for playing slots in which you can later exchange for cash or credits. Another popular offer is to give you a percentage of your losses.
Free Spins – This is not a bonus either, but you can use free spins to earn money you can save. Some free spin offers can be used for any machine whereas others are for a particular title.
No Deposit – A no deposit offer is a small cash offer paid to you after you create an account. No deposit is necessary. Most times you can only use this money to play with (but you can take out the money you earn with it).
Banking Bonus – Some banking methods – usually e-wallets like Skrill and Neteller - goes with a small bonus offer. If you use one of these methods the casino will give you an extra 10 or 15 percent – on top of the standard deposit bonus.
That’s all. Those are the most popular bonus offers. They go in all shapes and sizes and will have different rules for how you can use the money. It is crucial to pay attention to those rules so that if you happen to hit it big, you can cash that money out.
We are going to talk more about that in the following section.
How Bonuses REALLY Work?
Let’s get one thing straight:
Bonuses are not free money. Not really. Let us explain it for you.
Back in the day casinos used to offer casino bonuses without any rules. People took advantage of this – they would sign up, make a deposit and then immediately cash out.
The casino would then be out all that money.
So they got smart. They tweaked their offer so that slot players would have to bet so many dollars before they could require a cash out.
You must play work for it.
If you do not ever intend to cash out then we guess you can look at bonuses as free money. But if you are like most people – especially if you beat a large jackpot – you will finally want to withdraw your money.
So you need to know the casino’s terms or else you are at risk of voiding all the money you worked so hard to win.
Here’s how bonus terms work:
Most casinos requires that you bet a multiplier of your deposit, bonus or both deposit and bonus.
For instance, an online betting might say you must bet 40x the deposit and bonus. If you take an offer of a 100% match up to $1,000 – and you deposit $1,000 – you will have $2,000.
At a 40x play through you will have to bet $80,000. BEFORE you can take the money out.
If that sounds like a lot (and it is), bear in mind that slots players get the easiest play through requirements due to the edge casinos have on their slot machines. Other games/players get it much worse.
Which brings us to the big question – should you accept the bonus?
You need to decide if you see yourself playing 80 grand worth of slots (without being able to cash out). It is going to be difficult to do on a $2,000 bankroll. You will likely have to make another deposit or two to clear it.
If that does not faze you, then by all means grab the bonus and get to work.
But if you do not like the sound of playing $80,000 before cashing out, most casinos let you waive the bonus. You will often have this option when you deposit. Other times you have to send the casino an email BEFORE depositing.
That’s all there is for it. Bear in mind each bonus offer has different requirements. For instance, no deposit or free spin offers have a smaller play through requirement than a deposit or reload bonus. The rollover varies from casino to casino.
Our advice is to read our reviews and find an online betting with a good balance between the kind of offer you want (lots of money, larger match, free money, and so on) and the rollover you must pay to keep it.
