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Online Casino Bonus MoneyToday, virtually every online casino will give new players a bonus to entice
them to play. Some casinos offer No Deposit Bonuses; others may match your
initial deposit giving you a 100% bonus. There are even a number of casinos that
will give you 125%, 200% even 400% of your initial deposit.
How do casinos stay in business while still giving away “Free Money”? Well, as
with most things that sound too good to be true, there are restrictions. In this
article we’ll look at the most common online casino bonus structures and what
you’ll need to do to actually cash out that nice bonus.
No Deposit Bonuses
A very popular way for a casino to attract new players is to offer a no deposit
bonus. In this situation, the player is required to download and install the
casino software then create a new “real player” account; some casinos also ask
you to register a valid payment method. Next the new account is credited with
the “free money”. Typical amounts given are $10 to $15, usually just enough for
the player to try a few of the games. To cash out the free money the player will
usually have to wager the bonus amount some number of times (Twenty times the
original deposit is a typical number). Further, there is usually a maximum
amount that can be cashed out, say a $50 max. cash out on a $15 freebie. So, by
all means take advantage of the no deposit bonuses, just don’t expect to get
rich doing so.
Deposit Bonuses
Deposit Bonuses are the most common online casino bonus. This is a bonus you’re
given for making a real money deposit. Casinos are much more generous with these
types of bonuses because the players have already deposited some of their own
money. It’s not uncommon for a casino to match first deposits of $200 to $300.
Many casinos also offer deposit bonuses of over 100%. For example, some casinos
will give you $200 for a $50 deposit (a 400% bonus). As usual, there are
restrictions that apply to these types of bonuses. Typically, you’ll have to bet
or “play through” the bonus amount and the deposit amount some number of times
(10 to 15 times), before you can cash out. With this type of bonus, once the
play through has been met there should not be a maximum cash out amount.
Specific Game Bonus
With this type of bonus, the casino is giving you a bonus that can only be used
for certain games. This is typical when a casino has just launched say a new
slots version and wants to get people playing. You may get a “no deposit bonus”
or possibly a larger then normal deposit bonus. Again, there will be play
through requirements and if it’s a No Deposit Bonus, there will probably be a
maximum cash out amount.
Other Bonus Restrictions
Some more typical bonus restrictions may involve excluding certain games. For
example, a game like Blackjack, where a skilled player has a much better chance
to win is often excluded from bonus money play. There may also be restrictions
on how much time you have to claim your bonus (often 72 hours from the time you
create your real money account). Further, some casinos want you to wager your
bonus within a certain amount of time.
Lastly, each casino has its own set of rules. It’s important to always read the
online casino’s fine print before making any purchase decisions. Make sure you
understand what is required of you before you can cash out. If you’re not sure,
feel free to contact the casinos customer support and ask them.
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