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Casino Bonuses: Experts Tell All The Industry Secrets
Casino Bonuses: Experts Tell All The Industry Secrets
was correct at press time, the authors and publisher do not assume and hereby disclaim any liability to any party for any loss, damage, or disruption caused by errors or omissions, whether such errors or omissions result from negligence, accident, or any other cause.
Table of Contents
Chapter 1: What Are Casino Bonuses and Why Do Casinos Offer Them?..........................................................................................................................................3
The Online Casino Industry..................................................................................................................4
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C o n c lu s io n ......................................................................................................... .
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Chapter 1:
What Are Casino Bonuses and Why Do Casinos Offer Them?
nline casino bonuses are the casino's way of enticing new players to join.
Most offer free money sometimes its a $10 or $15 chip (which seems reasonable) and sometimes the offer is for something outrageous like $3000 free. We all know there is no such thing as a free lunch. That doesnt mean that if youre a smart shopper, you cant work the system and get the most for your money! Through this eBook, well help you do exactly that. As a consumer, its not always very easy making sense of the bonus offers. This is especially true if youre used to playing at land-based casinos, which offer very different promotions and deals than online casinos do. This eBook will explain absolutely everything about casino bonuses. Its geared for novice players and veteran players alike. After reading this eBook, you will become smarter online casino consumer.
Well explain how online casino bonuses work, whats in it for the casino to offer you these bonuses, how you can be a savvy bonus shopper and get the most for every dollar you spend
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blinking boldly at you from across the screen. With the massive variety of bonuses all over the web, it is easy to get confused and feel overwhelmed. Just as casinos have become wise to the fact that they have to offer a selection of bonuses to attract players, it is important that you educate yourself about what is really being made available to you. Understanding the various types of bonuses and their conditions will enable you to make the best choices on where and how to play. Written by industry experts, this guide will help you decipher the different types of bonuses and wagering requirements, ensuring that you become a more informed, skilled and profitable player!
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Chapter 2:
Is Bonus Money Real Cash?
efore we get into the different types of bonuses, the most important point to clarify when it comes to online casino bonuses is can you cash them out?
What do we mean? Basically, there are two types of bonuses ones you can cash out and ones you cant cash out. All bonuses, regardless of type and size, are divided into two categories cashable or noncashable. Non-cashable bonuses, also called sticky or phantom bonuses, are ones that cannot be exchanged for real cash. Essentially, a bonus is like a credit and if the bonus is labeled as noncashable, you can use the credits to play the games, but it will not be considered cash when you are ready to withdraw. If you want to make a withdrawal from the casino, you will only be allowed to redeem your winnings and your initial deposit, not the bonus amount. This type of bonus is often labeled as 'for wagering only' in the terms and conditions section.
Cashable bonuses are the opposite and after meeting the wagering requirements, they count towards your overall winnings and can be withdrawn, making them more attractive.
In this case, it is very important to read the terms and conditions closely to see if the bonus being offered is cashable or not and determine which is the right one for you. In the terms and conditions section on a website, you are likely to see something along these lines in relation to Non-Cashable Bonuses: Here is an example:
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Beware!!
When you deposit, and the casino awards you a bonus, you will always play FIRST with your own money. If you lose your money, then you start playing with the bonus money. Therefore, if you deposit $100, receive $100 in bonus money from the casino (a 100% match bonus) and you lose $100, you wont be able to cashout the remaining $100 in your account if the bonus is non-cashable (and at that point, even if it is cashable, that casino will tell you that youll have to play in order to meet the wagering requirements for cashout). (Of course, this is not the case with a no-deposit bonus, which is why the wagering requirements for cashout on a no-deposit bonus are usually much more strict than deposit bonuses.) This is standard for all online casinos and in fact, its pretty fair. Otherwise, people would be able to cashout the free money. The point of the bonus is to help you win, its not free money. That said, its important to understand how bonuses work so you can: 1. Decide for yourself if you want to play with bonuses 2. Know what to expect and dont end up feeling cheated or frustrated because the fine print was too confusing Now that youve got the basics down on what casino bonuses actually are (and what they arent), lets learn about the different types of bonuses so you can understand which ones are best for you, where you can find them and what pitfalls to avoid when shopping around for the best online casino bonus deal.
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Chapter 3:
Different Types of Casino Bonuses
Deposit and No Deposit Bonuses
here are different types of online casino bonuses and each offers its own unique advantages and conditions. In this section, well give you an in depth explanation of the different types of bonuses.
Here, we break down bonuses into two main categories: no deposit bonuses and deposit bonuses. As the name implies, a no deposit bonus or a free chip offer is when the online casino awards you with a bonus before you deposit funds into your account. A deposit bonus is a bonus that the casino awards you when you buy-in (i.e., deposit funds). Keep in mind that each bonus comes with its own terms and conditions that vary at each casino. It is important to read and understand these fully before playing with any bonus. In general, these limitations are typically wagering requirements meaning that you are required to wager a certain amount of money before you are allowed to withdraw the bonus. We will discuss wagering requirements in more detail below and in the following chapters.
No Deposit Bonuses
No Deposit Bonus 1: Free Chips
Hands-down, the most popular casino bonus is the no-deposit bonus. Its free money. Its not unconditional free money and you cant cash it out and go buy a cup of coffee, but it is money that you can use and if you win, the money you win is yours to keep. Pretty great! Now, where the casinos get you is with the requirements you must meet in order to cash out the money you win with the bonus. Thats a whole chapter onto itself. Well get there in a few minutes.
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Here's an example:
Q. A.
You dont owe the casino anything and its the best way to really check out their goods as you can play any real money game you want and really feel the excitement of playing with REAL money as opposed to checking out the games in the fun/demo mode of the online casino. So, the casino will front the money for you initially from its own bank, in the hopes that you will spend your own money with them down the line. Casinos that can really put their money where their mouths are are the ones that offer the free chip deals. Theyre confident that once you play their games, youll want to come back for more.
While this is the case, new casinos also offer the no deposit bonus in an attempt to prove that their product and services are just as fantastic as the older more established casinos.
No deposit bonuses usually come as a cash bonus and can range anywhere from $5 to $150. Like other bonuses, the no deposit bonus can be used to play most games at an online casino, but be aware that
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not all games will count towards the wagering requirements and there are strict terms and conditions associated with them. Make sure to read Chapter 4: Know what you are getting yourself into: Terms and Conditions. If you decide to take the bonus, you will typically download the casino software, register your account as a real money player and type in a code (unless you come from a special link and the money is automatically credited to your account). Some casinos will ask you to put in your credit card information.
Q. Is it okay to put in your credit card information at a casino that youre not
necessarily sure you actually want to spend money at?
A.
YES. Absolutely.
Online casinos are not allowed to accept minors. The way that they deter minors is by asking all players to register their credit card details as by definition, if you have a credit card in your name, you are above the age of 18. This way, the casino is able to verify that you are indeed over 18. By law, they cannot charge your card unless authorized. Sometimes an online casino will require that you make your first deposit before youre eligible to cash out the funds youve won from a no deposit bonus. TIP: If you take a no deposit bonus and are asked by the casino to make your first deposit before being eligible to cashout your winnings FOREGO the first deposit bonus because otherwise youll need to meet another set of wagering requirements on the match deposit bonus you receive with your first deposit.
You can do this by speaking directly with an online casino customer service representative and asking them to shut off bonuses. (P.S. you can always turn on the bonus function later.) There is no way to do this yourself youll need to contact customer support.
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Deposit Bonuses
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