The widely used marketing tool by Internet-based casinos is the casino bonus that helps lure the punters to the site, increase their playing time or extend their bankroll. However, before knowing how you can maximize your casino bonus winnings, it is crucial to understand the different types of casino bonuses available at your disposal.
Casino bonuses are offered to new players as a welcome gift and also to existing customers to keep them interested. Typically, you’ll come across five types of casino bonuses –
- No deposit bonus – This bonus is received without making a deposit. However, you need to register to claim the No deposit bonus.
- Cashback – You get a fixed rate of your deposits or losses back into your account.
- Match bonus – The casino will match your 1st deposit with a fixed percentage and add it to your balance.
- Loyalty bonus – Based on your play and the frequency with which you use the online casino site, the casino offers free play, free spins, real money, or gifts.
- Reload bonus – It is the same as a match bonus but reserved exclusively for existing customers. Typically, the match percentage is lower than the welcome bonus.
Tips to maximize casino bonus winnings
Punters on the lookout for online casinos with the best bonuses for Canadian players, can take a look in this guide. It will give you a clear idea of the maximum amount and bonus percentage to make an informed decision. Keep reading to know more ways by which you can increase your casino bonus winnings.
- Players shouldn’t abuse the casino bonuses
You may be under the impression that you’re allowed to take all the prizes you can manage to get your hands on, but that isn’t the case. It is not wise to join multiple casinos because you want to get bonuses. Instead, it would be prudent to join one or two and play the games that you enjoy. The incentives will follow you.
Since you’ve only joined one or two online casinos, you’ll be in a better position to keep up with new incentives the moment they appear. Also, you should not exceed the maximum stake. If you ignore this rule, you might be limiting your account or even closing it.
Those people who only come to play because of the incentives are termed ‘advantage players‘ and you wouldn’t want to be recognized as one. This would mean that you are abusing the casino bonuses.
- Leverage the no deposit bonus
Most online casinos offer new users no deposit bonuses. This is free cash as it allows you to play without making any deposit. So, if you’ve joined an online casino site that offers a no deposit bonus, remember to use it effectively.
- Keep in mind the wagering requirements
When you start playing with your welcome bonus or other bonuses awarded by the online casino, there’s a 50/50 chance of winning money. But it is important to keep in mind that online casinos have different wagering requirements.
Wagering requirements refer to the number of bets that you would have to make or the amount that you need to wager to become eligible to withdraw your winnings that you’ve got using a bonus. These restrictions are typically put in place so that you stay on the platform. So, make sure to understand the wagering requirements of the online casino before you attempt to use their bonuses.
- Review the bonus terms & conditions regarding wagering
A lot of punters sadly forget this very important step. You need to go through the bonus terms and conditions relating to the wagering requirements. Bonuses always have to be wagered a few times before it becomes real money that you can withdraw from the online casino platform. Generally, the wagering requirements lie between 25x and 50x of the bonus amount.
- Stick to medium or low variance slots
Do you prefer slot machines? If so, your best chance would be to withdraw your money by selecting either a medium or low variance slot. Unfortunately, you won’t be able to have large winnings.
But you can earn something out of your bonuses before the balances become zero. This is a chance that punters are usually willing to take.
- Play free spins without the need of wagering requirement
Gambling enthusiasts love free spin bonuses, and they’re a lot of fun. They give you a chance to experiment with new slots, and you can even end up winning some good money. However, you need to be aware of those pesky wagering requirements.
Some online casinos, however, do not come with any wagering requirements. So, whatever you win from the free spins can be withdrawn immediately.
- Monitor your progress
Monitoring your progress is important when you’re thinking of cashing out, especially if you’ve earned a certain amount of money. You must go to the page with all the details concerning the maximum amount that you can withdraw. If you don’t understand or have doubts, you can reach out to the customer support team of the online casino.
- Don’t simply play for the bonus
Getting a bonus can feel great, and you know that it means you’ll get a chance to score big. In some cases, the bonus can help you get started on the platform before you put down your money. But you have to check out the wagering requirements of the platform, or you’ll feel frustrated when you cannot withdraw your earnings.
However, don’t simply register on an online casino site because of the bonuses. Instead, make sure the online casino is reliable and you will enjoy the gambling experience it provides.
The bottom line
Online casinos keep offering new incentives and bonuses to attract gambling enthusiasts to their platforms. But, sadly, a vast majority of players aren’t aware of what they should do with the bonuses offered by the online casino. If you belong to that category, the tips mentioned above should help you make the most of your casino bonus and maximize your winnings.