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Requirements WR : 20x Bonus Min. Requirements WR : 80x Bonus Min. In order to be able to calculate exactly how much money you can generate by using a casino bonus, you need to use an appropriate simulator.
Preferably, one with an extensive database of all casino promotions that are ran — both past and present — so that you will have ample choice among the very best casino bonuses.
Profit Maximiser is one such software, a fantastic tool that helps you establish whether a specific bonus offer can be profitable. With most bonuses, potential losses are way lower than potential wins, but they are also way more frequent.
That is why you will need to complete a bonus offer a certain number of times dedicated players complete offers dozens of times per month in order to get an average profit that is close to the EV expected value for that specific bonus.
Playing frequently and completing a high number of bonuses is the only way that you can limit the impact of variance. So, there you have it.
In this in-depth guide, we have explained how all online casinos with the different bonus types work and the meanings of the various terms used to describe them, such as deposit bonuses, wagering requirements and free spins.
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Yes, of course. Players are under no obligation to accept the conditions of a bonus and if you prefer to play only with your own money, then you are entitled to do so.
Not always. Casinos should state whether a code is required to claim a bonus, and these can be found easily via the site itself or online.
Only once. You may find a site that offers many different bonuses, and some have monthly, weekly or even daily offers. However, each individual bonus can only be claimed once.
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High rollers making large, regular deposits can even qualify for cashback from some casino operators, refunding some of their losses if they hit a bad run.
Sadly, such refunds are rarely available to the average player. Alongside their main marketing bonus schemes, a casino may offer other, smaller bonus types to reward certain activity by players.
For example, your casino may offer a small bonus on a minimum deposit made using a selected payment method, such as PayPal or other virtual wallets.
This not only helps to promote the fact that they take payments other than debit or credit cards, it also encourages players without these cards, or who have maxed out their cards, to keep playing from other sources of funds.
There is no better advertising than word of mouth, when one happy customer tells their friends and some casinos use their existing players to attract new players by offering a refer-a-friend bonus.
This will reward both you and your friend when they join the casino and make a minimum deposit.
You may also come across what is called a sticky bonus. As we discussed above, there is no such thing as a free lunch, and so it is vitally important that you read the terms and conditions of any casino bonus offer, so that you understand exactly how it works and any restrictions that will be placed on players.
The aim of any offer is to get the maximum number of new players for the minimum cost, and while the casino is prepared to spend a little on bonus offers in the process, the offer details will be designed to make this as little as possible.
Never get drawn in by an impressive headline bonus without checking the small print. If the bonus sounds too good to be true, that's because in reality, it probably is.
That said, casino operators are obliged to outline the rules of every bonus offer, whether it is a minimum deposit or wagering requirements, a time restriction or a limited number of games you can use the bonus on.
Online casino bonus time limits can easily catch you out if you are not aware of them, so check the details carefully before you sign up or you might miss out.
Players may need to make a minimum deposit within a certain time of registering to qualify for a first deposit bonus, or you may need to use a deposit bonus within a certain time after it lands in your account.
It can be incredibly frustrating for players to make their first deposit at an online casino and receive a large bonus, only to find that the bonus has expired by the time they log on again.
You need to decide when you are going to play and how often you plan to visit and then choose a bonus that suits your timetable.
Do not let one day expiry offers dictate when you play; it is your money and your games so you should be able to choose when you visit the casino, not the other way around.
Some bonuses have even tighter time restrictions and will be drip fed to the player a little at a time with a one-day expiry on the bonus funds.
If you miss the one day expiry deadline, then you will lose your bonus, it is as simple as that, and many casinos will count on a certain level of missed bonus when they work out the cost of their offers.
That said, it is a win-win situation for the casino, because if you do return to the casino every day to claim your bonus within the one day expiry limit, you will create a playing habit that will probably continue long after the bonus has ended.
Perhaps the most confusing of all casino bonus conditions is that of wagering requirements. This is where players are obliged to make further wagers on games using their winnings before they are able to withdraw them.
The wagering requirement is often set as high as 30x, which means a player must make bets worth 30X their original bonus before they are able to take their prize money.
For example, if you have a bonus as a deposit match, in pounds, euros or dollars, then you need to make bets to the value of before your winnings can be withdrawn.
Wagering can apply to the deposit amount, the bonus amount or the winnings, or can be a combination of both. It is also important to know that only certain games will count towards wagering.
The idea behind wagering requirements is that the more games a player has to play before they get to claim their winnings, the more chance the casino has of winning it back from them.
Fulfilling a wagering requirement on a bonus is also a good way of getting you to establish a regular playing habit.
Wagering requirements apply to nearly all types of bonus, but they do vary from one casino to the next, so it is well worth checking out the full details before you open an account.
A 30x wagering requirement is pretty standard, so you need to avoid anything higher than this and look out for offers that have a lower figure.
There are two game limits you need to be aware of when it comes to using a casino bonus. Firstly, you may be limited on the games you can use your bonus funds to play.
For example, free bonus offers are often restricted to a handful of slots at best and sometimes just one or two very specific slots.
This is not necessarily a problem as the skills you learn on one slot are usually transferable to others, but it does mean you will be kept well clear of the big money games.
Of course, with a free spins bonus , you will quickly learn exactly how to play the designated slot and all its bonus games, so that when your free games are over, you will be able to play that particular slot much more effectively and maximise your winnings.
The other game restriction to be aware of is knowing which games will contribute towards wagering.
This is similar to sports betting offers, were wagering requirements state that bonus bets must be placed at more than even money to count towards the total.
If you are lucky enough to win with your casino bonus, completing the wagering requirement is key, so make sure you understand any rules or game restrictions that apply.
Another important restriction to look out for is a max win limit. Many offers will put an upper limit on what you are able to win as part of the promotion, so even if you are really lucky and drop a jackpot or enjoy a run of unbeatable blackjack hands, you will not be laughing all the way to the bank because anything over the set bonus win limit will simply not count.
This figure is often buried deep in the small print, and if you are not prepared it can be a serious disappointment, so you need to look carefully.
It may sound counter-intuitive, but often smaller bonus deals with smaller win limits can actually work out better, because these are more likely to be available as cash you can withdraw, without wagering requirements or any other complications.
The bigger the bonus win limit, the harder it will be to claim your cash, so perhaps you should aim a little lower. New players who play lots of smaller win bonus offers find that these can quickly add up to a tidy profit, even if they are only picking up a few pounds or dollars each time they win.
A pound in the hand is worth far more than two trapped in a lengthy wagering requirement. With so many terms and conditions attached to casino bonus deals for new players, like max win limits, minimum deposits, wagering requirements and limits on games, you might be wondering if casino bonus offers are worth having at all.
But even if you don't turn your bonus into a cash win, you can still gain a lot from casino bonuses and free games. For a start, they are a great way to find out more about a new online casino and see if you like what they have to offer.
A casino bonus gives you an excellent opportunity to learn the ropes and see what a casino is really like behind the flashy home page.
You might just love it and decide to stay, but if it doesn't feel right, you can move on without loss. Similarly, using a bonus is a great way to learn about the games themselves.
Many casino games and slots are quite complicated and take a while to master, so any practice you can get using bonus credits will help enormously.
Casino bonuses and help you to learn the basics on games you are unfamiliar with, as well as sharpening your skills on your favourite games, without it costing you a fortune.
As a player, it is much better to make mistakes with the casino's money than to lose a deposit of your own. Choosing from the myriad of online casinos that are available is never easy, so it is always worth taking advantage of bonus offers on a new player account to get first-hand experience before you commit.
You could even play for free all the time by hopping from one casino welcome bonus to another, without ever staying to play with real cash.
You'll never win a fortune, but you could have an awful lot of free fun along the way. Welcome to the Oddschecker Casino Bonuses page, where we list the best casino sign up deals and free spins from our partners.
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