How casino bonuses work? (Bonus types, restrictions, and should you use them)

Online casinos often try to entice new customers with astonishing offers. Casinos may credit a new player's account with three times the amount they deposited as an offer. Is this bonus money really a gift or are there conditions attached to it that make it worth reconsidering? In this video, we will explore bonus terms. We'll talk about the different types of bonuses available and when it's appropriate to use them. First, it is important to understand the major categories of the online casino welcome offers. While the marketing departments' ideas seem to be inexhaustible, we can generally put the bonus offers into 4 main categories. First is the deposit bonus. These bonuses are credited on top of the amount you deposit. Typically they worth an extra: 50%, 100% or 200% of your deposit. It is important to know that most casinos will have two account types for you. One account is for the money we deposit. This is also called a "real money" account. The other account is for the bonus money and any winnings you made using the bonus balance. Usually, your real money account is used for bets first. Only if you run out of real money, then the bonus account is used. The next bonus category is called "free spins". These are free round on slot machine games. It is common to receive 50, 100 or 200 free spins as a new player. Free spins are often included with the deposit bonus as part of a welcome package. With free spins, the casino determines which slot machines they can be used on, and also the value of the stake per spin. Typically, the bet level for one free spin is set between $0.1 and $1. Therefore, you can calculate the value of such bonus by multiplying the stake and the number of free spins. It turns out that the value of this bonus category is typically between $3 and $100. The third bonus category is the Cashback bonus. It is called as a "bonus" in a very unusual sense. Basically, the casino returns to you a fraction of the money you lost from your deposit. This amount is usually between 10% and 35% of the total deposit's value. This bonus has the advantage that most casino generally impose very few conditions on it. Sometimes it can be combined with other bonuses too. The fourth bonus category is the "No Deposit Bonus". The casinos give this to us for free, usually right after we sign up, and we don't have to pay anything for it. The value of this bonus is quite low, often between $3 and $25. Sometimes you get it in a form of Free Spins, other times it is for any game type. No Deposit bonuses are quite rare. Their value is the smallest among all bonus categories. The term "Free Money" is best suited for this category of bonuses, but the bonus conditions are also can be quite restrictive. Now let's see why the casino gives welcome bonuses. Of course, the casino is aiming to get a healthy profit and wants to make sure that players are entertained. The casino gives bonuses so that players can play for a longer time or have more fun by making bigger bets. The casino expects the bonuses it pays out to be returned to them, sooner or later. To ensure that players don't just withdraw their bonuses, the casino adds certain conditions that make it very difficult for players to withdraw them. However, the casino is not able to regain its money from every single player. For example, those who hit a jackpot using a bonus. However, it is not important for the casino to keep every player profitable, only the bottom line matters. Now let’s look at what conditions casinos tend to attach to bonuses. Of course, you will find exceptions, so you must read the specific conditions of the bonus. Anyway. There are three main requirement categories: The first is called "Wager" or "Wagering". The wagering requirement for online casino bonuses is when you need to bet the deposit and bonus amount a certain number of times (X amount) before the bonus money can be added to your real money account balance. Typically between 5x and 50x. This means that if you deposit $500, and a bonus gives you an another $500, then you have to bet a total of $20,000 if the wagering requirement is 20x. Obviously, you are not doing it as one single bet, but many smaller ones. The wagering requirement is one of the strongest restrictions the casino can apply. Since the Return To Player value of gambling games is always less than 100%, casinos expect that the more you play, the more likely you are to lose money. The second category of bonus restrictions is the "Bet Limit". It sets the maximum amount of a single bet. The "Bet Limit" serves the same objective as the aforementioned "Wagering Requirement". The more you bet, the closer you'll get to the game's theoretical Return To Player value. The Bet Limit is typically set to a few dollars. The third bonus limitation category is about what games you can play. This limitation is present for two reasons. One is a contract or technical limitation on the casino's or the game operator's side. Another reason for this is that casinos tend to favor games with lower Return To Player (RTP) values and restrict low-risk bets. My opinion is that this restriction type is contradicting the purpose of the bonus. Given that the purpose of the bonus is to enhance the gaming experience, it would be best if the player could play with what he or she wants. These were the three main categories of bonus conditions. Here are some other examples of details that may affect the bonus: the time limit for using it, whether it's automatically added to your account or you need to request it from customer service, and any payment options that are not compatible with the bonus. Also important to know that the terms of the bonuses may prohibit certain betting strategies, such as a sudden switch between high-risk and low-risk game styles. If you would like me to make a video about this, then please comment. Okay. We now understand the objective of the casino and the bonus conditions. The question is: is it worth accepting the casino bonus offer? I think the answer depends on your goals. The bonus is a good idea if you want to try a casino you don't know well yet and you don't want to spend too much with it. Bonus is a good idea if you play regularly and you want to reduce your gaming spending. Bonus is not a good idea if you want to be able to play any game or make larger bets. Also, if you intend to withdraw small wins from the casino, the bonus will be a potential blocker. If you would like to use bonuses then you may wonder where to find them. I try very hard to collect the best offers on the CasinoLove website. I also make separate videos about the really good bonuses. So check out www.casinolove.hu . Also, if you are using these links, then you will support my channel without any cost to you. Thanks for doing so. If you find any good offers you think I should add to my list, then please drop me an email. I hope you found this video useful. Comment if you have an idea about a gaming topic you would like me to cover. Please subscribe to the CasinoLove YouTube channel too. Thank you for watching! Bye!