With so many online casinos and bookmakers on the internet, bonuses and promotions are crucial factors in attracting new players to their particular site. These offers aim to capture the player’s attention, give them incentives to sign-up and play in the online casinos and help improve the overall betting experience. With the bounty of bonus offers available to new players, there’s never been a better time to start gaming in online casinos.
There are different types of bonuses out there. A cashable bonus is when players can withdraw after they’ve met a certain requirement – usually a wagering requirement known as a playthrough. Once the players have bet the amount specified by the casino they can then withdraw their winnings.
For example, a welcome bonus offering players a 100% match bonus up to £100 with a 10x wagering requirement would mean that while the player would be awarded £100 if they deposited £100, they would then need to win £1000 before being able to withdraw the winnings. While this can take a while if betting in small chunks, using the bonus for a big bet can see that requirement achieved a lot faster.
Non-cashable bonuses offered by online casinos are aimed at increasing players’ gaming accounts rather than their bank accounts, with the bonus amounts deducted when withdrawing. A lot of these follow the rule that the first deposit bonuses are issued only for wagering purposes and that the bonus funds will be deducted when a withdrawal is made.
Players need to be aware of how their bonuses work when signing up to a new online casino. Aside from working out whether their bonus is cashable or non-cashable, players need to make sure they aren’t in a country where a certain bonus isn’t allowed.
While there are some great bonuses on offer for fans of bingo, poker or casinos, it’s probably fair to say the most popular bonuses are used to bet on sports. Whether it’s football, rugby, cricket, tennis, golf or horse racing, bonuses are a fantastic way to get used to how betting online works if you are new to gaming.
Major sporting events are always hugely popular with betting fans. If your cashable bonus has a 10x wagering requirement, betting on one of the front-runners at anything over 10/1 to win a golf tournament or a tennis event can see you achieve your target with one bet.