Online casino games are enjoyed by millions of gamblers all around the world, and with the recent closure of land based casinos due to the COVID-19 pandemic, the number of online based casino users have since doubled according to Robin Chhabra, CEO of the recently launched FOX Bet. Websites that are categorized as a Bitcoin Casino use Bitcoins instead of real money to gamble, which further reduces risks for players all around. Because of this new method of transaction, which prioritises the best bang for your buck, first time players find themselves in a more welcoming and less precarious environment.
Online casino bonuses usually consist of extra credits, money, or spins on the house. Depending on the type of bonus and what online house the player chose, one, two or all bonuses may be granted to new and existing players. This typically comes in the form of a sign-up package, reload package, or a loyalty package. These packages can give players an edge when it comes to opportunities to gamble and make the most out of their money.
In this guide, we will be teaching you everything that you need to know about the bonuses and how to use them to your advantage.
The most popular online casino bonuses are the Sign-up packages. This is sometimes known as the New Player Bonus. The most common amount given to new players is $100. However, like any other deal out there, you have to look at the fine print, seeing as many do not follow a standardized form of this bonus. In fact, depending on where you’re playing, some casinos might offer it in monthly increments rather than lump sums.
There are also bonuses called Percentage Bonuses that come with a sign-up package. These bonuses vary from website to website, but essentially gives you more money to gamble. For example: if you deposit $100 and the online casino of your choosing has a Percentage Bonus of 100%, that means that the they will give you an extra $100, meaning you now have a total of $200 to gamble. However, it doesn’t stop there, as some websites can give up to a 300% Percentage bonus. That being said, this bonus usually requires you to deposit a huge amount of money, and can vary from casino to casino. BitCoin Casinos do this even better than regular one, such as when Bspin.io offers a 100% bonus on the player’s first deposit, with a maximum bonus of 1,000,000 µ฿. Of course, this will vary from website to website, but after an extensive search, This casino appears to have the best offer in comparison to other BitCoin Casinos.
No Deposit Bonus
The No Deposit bonus is exactly what it says, and is usually around $20 to $30. In this scenario, players don’t need to deposit anything, a strategy meant to encourage new players to test out games they would normally be too intimidated to play. Be careful, though, because all No Deposit Bonuses are subject to wagering requirements, meaning that there is a minimum playthrough amount required in order to qualify for withdrawal of winnings. For example, in a $20 No Deposit Bonus with a 20x playthrough, you must wager a total of ($20×20 Playthroughs) $400 in order to withdraw your winnings. That being said, the Bonus does not require the player to have $400 worth of winnings in their wallet in order to withdraw, simply that they need to have completed $400 worth of wagers. All things considered, this is a wonderful feature, seeing as if the player wins, there will be a 100% profit with 0 risks taken.
Reload bonuses exist for new and veteran online casino players as a means of incentivizing players to reload and continue gambling. This strategy is similar to Percentage bonuses, and while the bonuses vary from casino to casino, it usually comes with an additional 75% bonus on the player’s first deposit, 50% on the second, and 100% on the third.
Monthly Deposit Bonus
This bonus is similar to reload bonuses and loyalty bonuses. As the name suggests, should a player be a consistent presence in a casino, they will award players with a monthly bonus, the amount of which is dependent on how much the player has gambled. The advice here is to contact the casino’s customer service support team to take advantage of this bonus, seeing as it isn’t advertised as often. Despite that, the casino’s customer service team will in most cases accommodate the request for a monthly deposit bonus.
High Roller Bonus
High roller bonuses are for players who deposit money of upwards to $1,000, and can come with 50% bonuses no matter how many times the player has reloaded. This means that for every $1,000 deposited, that’s an extra $500 of gambling money.
Cash back bonuses
Cash back bonuses is an Online Casino’s way of saying thank you for choosing them and making a deposit. It’s a way to reassure new and old players that losses will be mitigated. It’s not meant to earn money. Rather, the point of this bonus is to help your bank roll recover after a loss. Depending on the casino, this can be used for an unlimited number of times, but most Online Casino websites usually only offer this bonus to loyal customers and high rollers. Of course, there are always exceptions to this rule, seeing as websites such as Vipscasino allow new players to take advantage of bitcoin and cash back bonuses, respectively.
Do’s and Don’ts
This is it, the playing grounds. Before anything else, you have to consider all the pros and cons of participating in online gambling. Next, you have to remember to read the fine print of the gambling website’s bonuses before accepting any of them, seeing as they vary from website to website, and not doing so might cause unnecessary confusion – not to mention, losses.
1.) Always take advantage of your free bonuses.
2.) Remember that different gambling websites have different rules for different games, as well as different bonus requirements and different cash-out requirements.
3.) Make sure to check the expiration date on all of their offers. It would be a shame to miss out on a monthly opportunity that a casino might offer.
4.) Always talk to a customer service representative before making a deposit to make sure you aren’t missing any bonuses that you might be eligible for.
5.) Last but not least, don’t bet money that you cannot lose. Keep things fun, not dangerous. If you or anyone you know has a gambling addiction, don’t hesitate to call 1-800-522-4700 NCPG to talk to someone or get help.