Casino bonuses explained
Everyone likes getting something for nothing, particularly when they are visiting a casino. The great thing about online casinos compared with real-life establishments is that people can visit one without leaving the comfort of their homes. This means that each casino will be trying to outdo the next by offering bigger and better bonuses in order to keep your business.
However, you have probably heard the saying that there is no such thing as a free lunch. Are there any downsides to casino bonuses that players need to bear in mind? Let’s take a look at the pros and cons and at the different types of bonuses on offer.
Pros and cons
The pros should be quite obvious for all to see – extra money appearing in your casino account or up to 150 free spins no deposit offers can give you more chances to play without having to spend any of your own money. This means that you also get additional chances to win big with no personal financial investment.
More play, better chances to win and all at zero cost – what could possibly be the downside? The real answer is that there is none, as long as you read and understand the Terms and Conditions. Most bonuses have a play-through requirement, which essentially means that you cannot simply withdraw your winnings. Rather, you need to reinvest them a certain number of times before you can cash them out. Some online casinos also have a maximum cash-out level that limits the amount of cash that you can withdraw.
There are several types of bonus out there. Here are some of the most common:
Sign up bonus
This is offered to new players who are arriving at the casino for the first time. Think of it as the casino equivalent of the switching incentives offered by many banks and insurance companies that want to win your business from their competitors.
A sign up bonus will take the form of a casino adding some free credit onto your online account when you join. Sometimes, you are required to make a deposit of your own in order to get the free money, while other offers provide a signup bonus with no deposit necessary. Be aware of the play-through requirement mentioned above.
Free spin bonus
As the name suggests, this type of bonus offers a set number of spins on your favorite slot games. Again, they are typically available to new members, and you can use them as soon as you open an account. Free spins usually require no deposit, so they constitute a great way for you to enjoy the slots without making any financial outlay. What’s not to like?
Enjoy your free lunch
Whatever people say, it seems that in the world of online casinos, there really is such a thing as a free lunch. Just make sure that you read the Terms and Conditions so that you fully understand the play-through requirements and the cash-out options, and you will not be disappointed. Have fun!