Online casinos offer players bonuses as an incentive. New players are offered welcome bonus packages to induce them to sign up with the online casino. Often the welcome bonus is disbursed over multiple deposits and can run into thousands of Rands. Regular players are offered reload bonuses and bonuses through promotions in order to induce them to continue playing at the online casino.
There are different types of bonuses. Some are given against a deposit and some are given directly. Some bonuses can be withdrawn in the end, and in other cases only the winnings from the bonus can be withdrawn. This section discusses important bonuses and bonus conditions.
How Bonuses Work And About Wagering Requirements
When an online casino makes a bonus offer it will include a code. If you want to claim the bonus you will have to go to the banking section of the online casino and enter the code in the appropriate place. If the bonus is against a deposit you will also have to make the qualifying deposit. Then the bonus will be credited to your bonus account.
In the bonus terms and conditions the wagering requirement will be specified. Suppose the bonus is R1,000 and the wagering requirement is 40 times the bonus, then you will have to wager R40,000. Whenever you wager the bonus and win, the payouts will be credited to your bonus account and can be used to meet the wagering requirement. This way if you manage to wager R40,000 then you can avail the benefit of the bonus. If the bonus is redeemable then you will be able to withdraw the bonus and the allowable winnings. If the bonuses sticky then it will be removed from the bonus account and you will be allowed to withdraw only the winnings. If you lose the entire amount in the bonus account before you can meet the wagering requirement then you will not get any benefit from the bonus.
Another important issue with respect to the wagering requirement is the games on which you can wager the bonus. If you wager on online slots then normally your contribution would be 100%. But most other games will contribute less. If you wager the bonus on a game that contributes 50%, then your wagering requirement would double.
A deposit bonus is one in which you will be required to make a deposit before the bonus is credited to your account. A deposit bonus will usually be specified in the following manner: the bonus will be X% of the deposit subject to a maximum of Y Rands. There would also be a minimum deposit that you would have to make in order to avail the bonus. Sometimes a deposit bonus may be a flat amount that would be available if you make a minimum deposit. Usually high roller deposit bonuses are specified in this manner. The wagering requirement for a deposit bonus is usually specified as a multiple of the sum of the deposit and the bonus.
All our recommended online casinos offer an attractive welcome deposit bonus. The bonus may be offered on the first deposit or the first few specified deposits. Welcome deposit bonuses are usually larger than the others as an incentive to new players. Usually welcome deposit bonuses are 100% of the deposit or more. Online casinos also offer deposit bonuses to regular players. These are often called reload bonuses. Some online casinos restrict the reload bonuses to specified days. Other online casinos will allow you to take a reload bonus whenever you want, but may restrict the quantum of the bonus you can avail in a month. Sometimes deposit bonuses will be offered through promotions. If you fulfill the promotion conditions you will be given a special deposit bonus.
No Deposit Bonuses
With no deposit bonuses there will not be any need to make a deposit. The specified bonus will be credited to your account upon meeting the required conditions. The wagering requirement of a no deposit bonus is a multiple of the bonus alone.
Some online casinos include a no deposit bonus in the welcome package. This bonus is a smaller amount that is given to you so that you can try out the online casino games. There could be restrictions of time and games as well. You would need to open a real money account with the casino after signing up. If the bonus gets exhausted in your trials then you usually have the option of availing the deposit bonus. If you have won while wagering with the bonus you would be allowed to withdraw a limited amount of the winnings. No deposit bonuses are also available through promotions. For example if you wager a certain amount in a promotion then you could be entitled to a no deposit bonus. Sometimes a no deposit bonus could be won through a prize draw.
The free spins bonus is a special type of no deposit bonus. Instead of being given a sum of money to try out the games, you are given a number of free spins on selected online slots. After you have completed the free spins you would be allowed to withdraw a portion of the winnings. These winnings would be treated as bonuses and be subject to wagering requirements.