Get the Best Slot Bonuses
It is surprising that despite online casino slot bonuses being discussed by gamblers regularly, there is a lack of knowledge about how they work, even from players who play at online casinos a lot. The actual process of claiming a slot bonus is pretty simple. However, it’s in the details that players get confused. Eligible games, wagering requirements, and other factors in the terms and conditions illustrate to players the actual value of the bonus they are redeeming.
Here, our experts explain the different slot bonuses that online casino sites may offer you.
The Different Types of Slot Bonuses
US online casino players will have a wide range of slot bonuses available to them. Understanding each type of bonus and what the terms usually entail is the best way to make the most of these offers. Knowing the restrictions will make sure everything is apparent throughout your playing experience.
Best Bonus Spins Offers
Casinos offer bonus spins to players on new slots or ones that they want players to give a go. The number of spins and the game on which you can use them will vary between casinos. Some bonuses set free spins to be played on one slot game. Others give you a selection of games from which to choose. Sometimes free spins are included as a part of a welcome offer that requires money to be deposited.
The bonus you redeem will determine the value of the stake and typically will be awarded on low volatility, high Return to Player (RTP) slots. These slots don’t hand out big jackpots but return money frequently to players in small amounts. They get players excited about winning and encourage players to deposit and use their cash after using the bonus spins. It is rare to see bonus spins on progressive jackpot slots as casinos would have to somehow contribute to the prize pool.
Bonus Deposit Requirements
It is the norm for players to have to deposit to use an online casino. There may be the occasional no-deposit promotion at some sites, but you are usually required to make a minimum deposit to redeem any bonuses. The minimum deposit will change between promotions and maybe a higher amount than the minimum deposit of a casino. In some instances, some bonuses are restricted by payment methods. These restrictions tend to apply to e-wallets, and so, for example, you may not be able to claim a bonus while depositing with Paypal, Skrill, or Neteller.
Casino Bonus Wagering Requirements
With most online casino bonuses, there will be a wagering requirement. This is a restriction that applies to being able to withdraw your winnings. Essentially you need to wager your bonus stake a certain number of times before you are allowed to withdraw. Wagering requirements you may see include 20x, 30x, and 40x. These vary between online casinos. To understand wagering requirements, we have a formula below.
Bonus money x Wagering requirement = Amount you need to wager.
Let’s use an example of a $200 bonus with a 40x wagering requirement. You would need to stake 200×40 before you can withdraw any winnings. That means you would need to wager $8000. Sometimes casinos will apply this to both your deposit and the bonus money, resulting in even higher wagering requirements.
Let’s say that the $200 bonus came from a 100% match bonus, meaning you deposited $200 to get that bonus. Your total amount would be $400, meaning you would have to wager $16000 ($400×40) before withdrawing winnings. This doubles the wagering requirement from x40 to x80 in practice.
This can be confusing, and different casinos use wagering requirements in different ways. It is crucial to read the terms and conditions and make sure you fully understand them before depositing.
Bonus Spins Wagering Requirements
Wagering requirements work differently on bonus spins to add more complexity to the situation. The wagering requirements are based on your winnings rather than on a deposit amount.
If you won $10 from bonus spins, and the wagering requirement was set at 40x, you would have to wager $400 (10×40) before you can access any winnings.
Casino Bonus Terms and Conditions
There are more terms and conditions to consider with every online casino offer: expiration dates, excluded payment methods, caps on withdrawals. Different games contribute differently to wagering requirements, and this is worth considering before selecting the games you want to play. Some could contribute 100%. Some could be at 20%. It’s a lot to bear in mind, but with this guide, hopefully, you feel ready to start playing at an online casino. In the US, it is legal to gamble online in many states. So check the laws where you are, and claim your slot bonuses at an online casino.