How to Claim Casino Bonuses and Get the Most Out of Them
Casino bonuses are a lucrative feature that has been shifting players and gamblers to online gambling. This reward system has helped people adapt to the new way of betting, which is different from the traditional physical betting platform. Moreover, casino bonuses have become a great way of maximizing your bankroll.
That said, other benefits, like enhanced playing experience and increased chances of winning, have also been key drivers of online casinos.
However, many players still don't know how to claim these rewards or how to get the most out of them. So, in this casino bonus guide, we'll break down everything you need to know about casino bonuses, from the different types available to the best strategies for making the most of them.
If you are a beginner who wants to understand how to claim and effectively use these bonuses, this blog is just for you.
What Are Casino Bonuses?
Casino bonuses are rewards and incentives offered by online casinos to attract new players while retaining the old ones. These rewards can take the form of free spins, extra deposits, or cashback rewards. Using online betting rewards helps extend gameplay on various platforms, offering additional chances to win without spending extra money.
As a result, the more incentives there are, the more players will be attracted. Such incentives, offers and promotions are some of the best ways to increase a platform's gaming bankroll. This means these rewards are a win-win situation for both the players and the sites.
These betting incentives are usually not available on traditional physical gambling platforms, which gives online platforms a competitive advantage. Moreover, the incentives offered in crypto gambling platforms are considered better as these currencies have more value than fiat currencies. That said, crypto betting sites like Bitcoin Gambling are becoming increasingly popular.
Types of Casino Bonuses
There are many types of casino rewards available on online platforms. Many platforms offer all kinds of incentives to attract and retain players. On the other hand, some platforms might focus on bringing in more players or just maintaining the existing bettors. So, let us check some of the most common types of online casino rewards.
Welcome Bonus: This incentive is offered to new players who sign up on their platform. There is a certain allocated amount for this reward, which can be a match on their first deposit. The amount depends upon the agent or platform. They are considered a must-have for attracting new players. However, there are strict rules on withdrawing winnings for the welcome rewards, so ensure the requirements before engaging in the game.
Deposit Match Bonus: In this reward, the online casino matches a percentage of your deposit. For example, it can be 100% up to $200, so if you deposit $200, then you can get a token of $400 to play and win the games.
No Deposit Casino Bonuses: These are some of the favourite casino bonuses among players. They are small amounts that are given without requiring a deposit, usually with higher wagering requirements. Moreover, they are given to regular or high-stakes players.
Free Spins Rewards: Most gamblers and bettors consider free spins to be one of the best casino bonuses. These are complimentary spins for specific slot games. These rewards usually have a lower value than others.
Cashback Rewards: As the name suggests, this reward is the percentage of the player's losses returned as reward money.
Loyalty & VIP Rewards: This is an exclusive benefit for frequent players, including personalized rewards and higher withdrawal limits.
Reload Bonus: Finally, we have reloaded rewards. They are similar to welcome rewards but for existing players making additional deposits.
How to Claim Casino Bonuses?
Claiming casino bonuses might sound daunting at first, especially for the new players. However, this process is fairly simple. You can follow our simple step-by-step guide and casino prize tips to claim the rewards for joining a platform.
Choosing the Right Online Casino
First and foremost, you need to choose a regulated and gaming-licensed casino. A safe online casino should be controlled by reputable authorities such as the UK Gambling Commission (UKGC), Malta Gaming Authority (MGA), or Curacao eGaming. These licenses ensure fair play and secure transactions.
If you are wondering why we have kept this as one of the steps for claiming bonuses, it is because many unregulated casinos might be scammers or fraudsters looking to deceive you of your money. So, even if you claim and win your casino prize with such a platform, there is no guarantee that you will be able to redeem your winnings.
Look for customer reviews that help clarify any hidden terms, payout issues, or poor customer service. It is also imperative to review the terms and conditions of the rewards, which may involve wagering requirements, play restrictions, and withdrawal limits that might impact your experience.
Registering and Verifying Your Account
Once you find your ideal platform, you must register and verify your account. This is usually done by visiting the casino's official website and clicking on the Sign-Up icon.
You would be asked to provide personal details such as your name, email, date of birth, and phone number. Most casinos will also request that you confirm your identity via the Know Your Customer (KYC) process, whereby you'll submit a government document and proof of residence.
However, if you are playing on a cryptocurrency casino or blockchain betting platform, then usually only your email and crypto wallet information is enough. This will offer you better privacy and anonymity.
The verification process will ensure a secure gaming session and prevent scams. You must finish this process before you can withdraw winnings or deposit funds.
Depositing Funds to Unlock Bonuses
Many platforms give you a signup or welcome rewards, which means you do not have to deposit any sum to play your first games. However, there are many platforms which require you to make a certain deposit before you get any rewards.
Online casinos support various payment methods, including credit/debit cards (Visa, Mastercard, e-wallets like PayPal, Skrill, Neteller, and cryptocurrencies like Bitcoin or Ethereum. Choose a payment method that is convenient and supports fast transactions.
It is also important to check the casino's minimum deposit requirement for the casino incentives to ensure eligibility. Some casinos may have some payment types exempt from bonus qualification, so it's always a good idea to review the terms beforehand.
Activating and Using the Bonus
Finally, we have activating and using the rewards, which is one of the most critical steps for claiming the reward.
Once you have completed your deposit, you need to activate the prize before you can use it. Some casinos automatically credit the casino prize to your account, while others require you to enter a reward code during deposit.
If you need to activate it manually, visit the Promotions or Bonus page on the casino website and claim the tip. Having done that, start playing eligible games to fulfill the wagering requirements. Be sure to check which games qualify, as some may be excluded or count at a lower percentage toward meeting the playthrough requirements.
Understanding how to claim and use your reward properly will enable you to get the most from it and enhance your gaming experience.
Viola, you have just claimed your first crypto reward.
How to Make the Most Out of Your Casino Bonuses?
Casino rewards are great in themselves. However, they can do better. Yes, you read that right. There are a few ways you can make the most out of your casino bonuses.
Casino bonuses can greatly enhance your playing experience, but to get the best out of them, you need to adopt a clever strategy. Just accepting the bonus is not sufficient. You need to read its terms and conditions, select appropriate games, manage your bankroll, and avoid some basic pitfalls. This can give you an idea of how to use casino rewards.
By adopting these simple tactics, you can maximize casino bonuses and your chances of winning real money.
Understanding Wagering Requirements
First and most importantly, understand that there are different wagering requirements for various platforms, agents and games. One of the most important aspects of casino bonuses is the wagering requirements, as these determine how much you must bet before you can withdraw any winnings related to a reward. These are expressed as a multiple of the bonus or the reward plus the deposit.
For example, if a casino offers a $100 reward with a 30x wagering requirement, you must wager $3,000 ($100 × 30) before you can withdraw any winnings. Some casinos also tack on the wagering requirement to the deposit as well as the reward, so if you deposit $100 and get a $100 reward (for a total of $200), a 30x wagering requirement would translate to having to wager $6,000 ($200 × 30) before you could withdraw.
It is important to know these terms before accepting a casino tip since not clearing the wagering requirements in the given time can result in the forfeiture of your reward and winnings. In addition, some casinos also have a maximum bet limit while wagering, so betting above this amount can void your reward.
Choosing the Best Games for Bonuses
Remember, not all games contribute equally toward wagering, so the key to maximizing the bonus is picking the right match.
Slots: All online casinos allow slot games to contribute 100% toward the rollover requirement. Also, look out for slots that may have certain progressive jackpots or high RTPs that are excluded or only count for a percentage.
Table Games (Blackjack, Roulette, Baccarat, Poker): These usually have low house edges. Thus, casinos limit their contribution to 5%-20% or prohibit them from being used for bonuses altogether.
Live Dealer Games: Few casinos do not count live dealer games in bonus play, or they contribute very little (e.g., 10%).
Stick with slot games if they fully contribute to wagering unless you can find a casino with favourable terms for table games. Always look at the list of restricted or excluded games in the bonus terms. Remember that crypto gambling is much more popular than traditional online betting platforms because they offer some of the best online casino bonuses. We suggest you try it once.
Managing Your Bankroll Effectively
Proper bankroll management is essential to make the most of your bonus and extend your gameplay. Here are some key tips on how you can improve your bankroll in a better way:
Set a Budget: First and foremost, make a budget for your gaming. Before you start playing, determine how much you're willing to spend, and do not exceed this limit.
Bet Smaller Amounts: Although high-stake betting is quite popular every day, it is a good idea to place smaller bets, which allows you to play longer and gives you more opportunities to meet the wagering requirements. Moreover, it is a safer and more responsible way of gambling.
Track Your Wagering Progress: Keep a record of how much you have wagered toward fulfilling the requirement. Some casinos provide a wagering tracker in the player's account.
Withdraw When Profitable: If you have completed the wagering requirements and still have a decent balance, consider withdrawing your winnings instead of continuing to play and risking losing the money. This also applies to preventing loss, losing more money, and knowing when you need to get out, whether you are winning or losing.
By managing your bankroll wisely, you can reduce unnecessary losses and increase your chances of successfully cashing out your bonus winnings.
Avoiding Common Mistakes
Most players don't get the best out of their casino bonus offers due to some common mistakes that can be avoided with ease. Some of the most common mistakes include:
Failure to Read Terms and Conditions: Most players get bonuses without going through the wagering requirements, game restrictions, or withdrawal caps. Always read the fine print to prevent surprises.
Piling up more than one bonus at a time: Some casinos place a limit on the use of several active bonuses simultaneously. Violating this provision might invalidate all bonuses and winnings.
Wagering above the maximum bet limit: The majority of casinos impose a maximum bet limit when wagering with the prize incentive, for instance, $5 per spin. Wagering above the limit might invalidate the reward and winnings.
Through knowledge of such errors and a disciplined process, you will be able to get the highest possible value for your casino rewards without suffering loss.
Withdrawals: Cashing Out Your Bonus Winnings
Once you have finished playing out your bonus and earning money, the best part comes. Yes, it is time to cash out your funds. Cashing out a casino bonus is not always simple, though. Online casinos put some conditions and limitations on their bonuses that need to be met before one can receive their winnings.
Being aware of these conditions ensures a smooth withdrawal process and no unpleasant surprises.
Meeting Withdrawal Conditions
Before withdrawing, players need to ensure that they have fulfilled all the necessary conditions. Two key factors will determine whether you can withdraw your bonus winnings:
Wagering Conditions
Wagering conditions are typically present for most incentives and specify how often the bonus (or deposit + reward) must be played before winnings can be withdrawn. Failure to satisfy these conditions will prevent you from withdrawing any winnings from a bonus. Check your progress in the casino account section to ensure that these conditions have been fulfilled.
Maximum Cashout Limits
Some casino bonuses, including no-deposit bonuses and free spins, have a maximum cashout limit. For example, if you are to win $500 using a no-deposit bonus with a cashout limit of $100, you will only be allowed to withdraw $100, and the remaining amount will be lost. High rollers should be especially careful about these limits when cashing out rewards.
Common Withdrawal Restrictions
Even after meeting wagering requirements, players might still be subject to some restrictions that can affect the withdrawal process. Some of the typical limits are:
Restrictions on Bonus Payment Methods
Certain casinos restrict bonuses using specific deposit methods. A casino may limit eligibility for bonus payments when deposits are made via Skrill or Neteller, for example. Similarly, some withdrawal methods may be restricted based on how you made the deposit. Make sure to check the terms and conditions for the qualifying payment methods before making a deposit.
Time Limits on Using the Bonus
Most, if not all, bonuses carry an expiration time, typically 7 to 30 days. If you don't meet the wagering requirements within the timeframe, both the reward and winnings associated with it may be lost. Some free spin bonuses also carry a shorter expiration time, typically 24 to 72 hours when received.
Minimum Withdrawal
Most online casinos have a minimum withdrawal limit (e.g., $20 or $50). You may need to continue playing unless you have at least this amount in your account.
Fastest Withdrawal Methods
The duration of your withdrawal processing is largely dependent on the payment method. Some processes quickly, whereas others take a few days. Below is a comparison of the most used withdrawal methods:
E-Wallets (PayPal, Skrill, Neteller): These are the fastest withdrawal methods, taking 24 to 48 hours to process. E-wallets offer a secure and convenient way to withdraw, thus making them a preferred choice among most online casino gamblers.
Bank Transfers: Standard bank withdrawals usually take 3 to 7 working days. They are secure, yes, but slower than e-wallets and cryptocurrencies due to longer processing and verification times from banks.
Cryptocurrency: Crypto processing takes an instant, up to a couple of hours, and is contingent on the block network. Cryptocurrency is widely used as a withdrawal method because of low fee charges, quicker processing, and anonymity. Still, not every casino offers the acceptability of the crypto transaction option, so verification of availability becomes crucial before selection.
Crypto Wallets: Crypto wallets like MetaMask, Trust Wallet, and Coinbase Wallet are quite popular and safe alternatives for crypto wallets and withdrawing crypto casino bonuses. If the casino allows direct withdrawal to crypto wallets, this could be one of the fastest and safest ways to receive your winnings. It typically takes minutes to an hour or two, depending on network congestion.
Advanced Casino Bonus Strategies for Experienced Players
For experienced online casino players, the best bonus maximization entails more than just accepting ordinary offers. Sharp maneuvers like stacking bonuses, reduced-stakes play, and VIP rewards can be used to get the most playtime, cut risk, and maximize earnings.
However, such advanced strategies come with pitfalls that necessitate knowing the best way to apply them.
Bonus Stacking
Bonus stacking refers to taking more than one casino reward simultaneously, such as a welcome and reload reward or other standard promotions. Particular casinos allow it, but others won't accept it. Players must read the terms and conditions first before attempting to stack bonuses so that they do not invalidate their current offerings.
Stacking multiple rewards at the same time also includes the experience of numerous wagering requirements, making it harder to withdraw the winnings.
Additionally, there can be multiple bonuses for innumerable games that restrict game selection and playthrough contribution.
Playing with Low-Risk Strategies
One of the major strategies experienced players use is minimizing risk when rolling over wagering requirements. One of the best ways of achieving that is through playing low-volatility slots, which offer steady but low-sized payouts. This way, players can keep their bankroll for a while long enough to roll over the wagering requirements.
An alternative smart strategy is playing tabletop games with a low house edge, such as blackjack and baccarat. These games offer more return-to-player (RTP) percentages than standard slots, allowing skilled players to extend the length of their sessions and meet wagering requirements more effectively.
However, there is a limit to how much tabletop games can contribute to wagering requirements at most casinos, which often results in them receiving a 5% to 20% playthrough contribution. Lastly, not playing high-variance games that will quickly exhaust a player's balance is important for effectively cashing out winnings from bonuses.
VIP and High Roller Bonuses
High rollers and loyal players tend to get exclusive bonuses and tailor-made promotions beyond standard offers. VIP players tend to get higher deposit match percentages, such as 100%- 200% deposit matches, so that they can receive more bonus money.
Additionally, tailor-made cashback offers and reload rewards are common perks, so high-stakes players get a percentage of their losses back or ongoing bonuses to continue playing. The majority of casinos also offer VIP loyalty programs, which include benefits like priority withdrawals, dedicated account managers, and exclusive free spins on high-roller slots.
Some casinos automatically enroll high-stakes spenders to become VIPs, but others require a personal invitation or request. Frequent depositors and high spenders should contact customer support to determine if they qualify for VIP programs.
Conclusion
Overall, claiming and maximizing casino bonuses should be an intelligent move. Understanding different classes of prizes and incentives, conducting due diligence to select the optimal site, and maintaining wagering obligations are ways to maximize one's playing experience. Effective handling of bankroll and game selections boosts the ability to turn reward money into real gains.
Refraining from going about things the wrong way, like not reading terms and venturing beyond the odds, also makes the task more easily manageable. Ultimately, with the right strategy, casino rewards can be an effective tool for extending playing time, maximizing the potential for winning, and providing a responsible and entertaining gambling experience.
Frequently Asked Questions (FAQs)
What online casinos offer no-deposit bonuses?
Most internet casinos offer no-deposit bonuses as a signup promotion. No-deposit prizes vary based on region and casino policies. BC.GAME, Wild.io, Winz.io and Run4Win are some popular platforms that regularly offer no-deposit incentives. Check the availability on the casino's promotions page or the terms and conditions every time.
How can you claim bonuses at casinos?
You can follow these general steps to claim a casino reward:
- Sign up: Open an account with the casino offering the incentive.
- Enter a promo code (if needed): Some offers require entering a special code on registration or when depositing.
- Qualifying deposit: There is a minimum to qualify for deposit rewards.
- Meet wagering requirements: Offers come with conditions that must be met before withdrawals can be made.
- Check for limits: Certain rewards only count on particular games or expire after a while.
Do I have to claim casino winnings?
Yes, you must claim your casino winnings within the timeframe specified by the casino. Unclaimed winnings may expire or be forfeited if not withdrawn within the given period. This means you will be denied the free money.
Do you have to claim casino winnings on taxes?
Yes, in most nations, casino winnings are taxable. In Canada, for example, winnings over a certain amount are required to be reported to the regulatory body. Online casinos can provide tax forms for large wins as well. Check with your local tax statutes for requirements.
How long do you have to report casino winnings?
The cash-out period for casino winnings varies with agents and casinos. Some internet casinos allow withdrawals at any time, while others have an expiration date.
Can someone else collect my casino winnings?
No, the account holder or ticket owner is required to collect winnings from a casino. Casinos typically require verification, such as identification and proof of ownership, before they will release money. Collecting someone else's winnings can be fraud.
