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What is a Casino Welcome Bonus?
A welcome bonus, sometimes known as a first deposit bonus, usually consists of the casino matching a percentage of your first deposit. For instance, if the bonus is a 200% welcome bonus up to $2,000, the casino will match what you deposit, up to a total of $2,000. Welcome bonuses are for new customers registering an online account and they reward players extra real money and free chips to help boost their bankroll. You can find out more about how bonuses are calculated further down.
Deposit Bonuses
A deposit casino bonus offers to extend to both new players and existing players. It is available when you make a payment into your account. You need to fulfill the bonus rules attached to claim winnings from it.
Many Australian casinos will split their online casino deposit bonus over multiple player deposits. Allowing players to get the most out of their original deposit and subsequent deposits, too. You’ll find Offers ranging from 25% to 300%, and sometimes even more.
No Deposit Bonus Codes
This kind of bonus is quite rare but if you come across one then great. Some casinos reward players with free money without requiring a deposit from them. Whether it be free spins or casino chips, casinos usually limit the type of no-deposit bonuses to certain rewards (not those of a very high value). It’s possible that some casinos may ask you to make a deposit if you want to withdraw your winnings you made on a bonus.
Cashback and No-Cashback Bonuses
This bonus is relatively straight forward. Once you’ve met certain conditions that an online casino has made you are now able to cash out. For instance, a casino could give you a 0 cashable bonus, so as soon as you’ve completed certain requirements, you can cash this $200 out.
Unlike a cashable bonus, a Non-cashable bonus cannot be cashed out. You are given a bonus to use by the casino where you can cash out any winnings that made, but not the original amount rewarded.
Best Bitcoin Welcome Bonus
Bitcoin is a deposit option made available by many online casinos and with that casinos offer its players Bitcoin or cryptocurrency that any player can enjoy and play with anonymity.
Reload Bonuses
Aimed at players that return to play again. Casinos reward players that have already signed up by matching a deposit they make to a certain amount. This incentive encourages players to return to a particular casino and it’s great because it’s not a one-time bonus like many other bonuses are
Bonus Code
Not all bonuses require a code. This is generally stated clearly on all online casinos whether a bonus code is required or not.
Free Spins
This very popular bonus is one that almost all online casinos offer. Players are rewarded a certain amount of free spins for slot games. It’s likely that the bonus could be limited to particular games. Normally, casinos offer many spins, sometimes into the hundreds across a players first 1 to 10 games.
VIP and Loyalty Programs
Loyalty bonuses are great for frequent players. The more you play the more you earn rewards. Although similar, a VIP program works more through a tiered system where players are rewarded depending on which ‘level’ they have reached.
Referral Bonus
This kind of bonus is great because a player who has family and friends who are avid online casino players as well can also take advantage. It’s as easy a friend signing up to a casino through your link and then you receive your reward for this referral.
High Roller Bonuses
Just like in a land-based casino, some players are always going to want to wager more money than others and chase larger jackpots. Those that frequently punt or punt particularly large sums during a single session are commonly referred to as high rollers or whales.
High rollers traditionally receive preferential treatment and part of that is getting things for free. These big spenders are also likely to be able to claim bonuses and promotions that aren’t designed for your average online casino player.
Calculating the Value of Bonuses
The value of a bonus voucher depends on how much a player wages or deposits over time at a particular online casino. Finding the best way to take advantage of your bonus is a great way to increase what you win in online casinos. But how do you calculate the value of a bonus?
Well first it’s important that you remember that each casino has different terms and conditions so read them thoroughly so you don’t miss any requirements or clauses. Also check out reputable casino review pages like Top Australian Gambling to find out which online casinos are the safest, reward the highest bonuses and have easy playthrough rates.
When you’ve found the best casino for you, look through their ‘promotions’ section to see the details of each bonus. The value of a bonus is more so about how well informed you are as a player so you can maximise your winnings at whichever casino you decide
Casino Bonuses Terms and Conditions
The most important feature of the majority of promotions is how players get their bonus money into their pockets. All of the bonuses we have discussed above have wagering requirements and contribution rates linked to them, and players must know what they are when claiming a bonus.
Wagering Requirements
Here is a little more about what wagering requirements consist of.
- Wagering requirements are mostly used to decipher when a player can withdraw any winnings accrued from using their bonuses.
- A wagering requirement is the total dollar amount of bets a player must make before they can withdraw any bonus rewards.
- The way wagering requirement works is you need to bet your bonus a certain number of times before the casino deems it to be your money. For example, if the wagering requirements is 30x then you need to bet the amount of the bonus 30 times before you can cash out your winnings.
An example of how a wagering requirement works would be if a player receives a bonus of $200. However, to get the benefits of the bonus you must complete a play through 25 times and you must bet $1500 before you withdraw your winnings.
Another possible scenario could be if the terms state “deposit + bonus”. This means the deposit and requirement amount are added together. So, if a player’s deposit is $25, add that $25 to the $200 bonus to make it $225. Multiply that by 25 to get $5,625, which is the wagering requirement. The deposit + bonus requirement is harder to go through. Take this into consideration when choosing an online casino. Again, the terms and conditions for each online casino are a must read to make sure you get the best out of your chosen bonus.
Contribution Rates
Contribution rates are a crucial part of online casinos. Table games are normally lower than online slots which have a much higher contribution rate scale. The majority of casinos accept 100% of a slot wager towards the requirement. When an online roulette wager is made for example, only 15% of that will be used towards the requirement. Some games, like live dealer casino games, might not help towards clearing the casino bonus whatsoever.
We advise that you check the games eligibility before playing. Online casinos vary in terms of contribution rates, so players must read the bonus terms and conditions provided by all online casinos carefully to make sure you understand the bonus before continuing.
How to Pick a Casino Welcome Bonus
There are a variety of online casino bonuses out there. So, it’s understandable that you may not know where to start if you are trying to decide what is the best online casino bonus for you.
The tips below will help you get one step closer to choosing the best online casino bonus for you. Players should consider these when choosing a casino bonus:
- There are a variety of bonuses suited to different players. Check out ‘Types of Casino Bonuses’ for more details.
- Each bonus has different rules and conditions. Of course, some are more attractive than others. Make sure you understand very well which each bonus requires.
- Along with being good for certain players many bonuses are only compatible with a particular type of game. It’s important to choose games that fit your playing habits.
Casino Welcome Bonuses FAQs
How Do I Know When I Can Cash Out My Bonus Winnings?
That depends on the casino you are punting at. Some casinos have bonus software that allows you to track your bets and other details like the wagering requirements.
In some other casinos, you have to contact the customer support department.
If you try and cashout before fulfilling the wagering requirements there will be a penalty levied against you and you won’t be able to withdraw any funds linked to your bonus.
What Are Casino Welcome Bonuses?
An online casino bonus is a reward, offered as an incentive, whether it be for signing up, loyalty or deposit based. The bonus is casino credit to play games and slots at a particular casino.
What Are No Deposit Bonus Codes?
No deposit bonus codes are casino free spins or casino free credits that casinos use to entice players that don’t require a deposit. Many can be redeemed to play specific slots. All a player needs to do is claim them.
These are very popular with new casinos and a way to recruit new players to a casino. The amount of free casino credits or free spins varies from casino to casino.
When Am I Eligible For A Bonus?
This all depends on the casino. Virtually every online casino offers a welcome bonus when a player registers an account. This can be in the form of a match bonus, deposit bonus or free spins.
All virtual casinos have a bonus or promotions page that lists all the immediate offers that they are offering players. If you have any questions about these your best option is to contact the casino and find out which bonus best applies to you.
Online casinos love to give out bonuses, they know it is the best way of gaining and retaining players.
Which Casino Games and Slots Can I Play With My No Deposit Bonus Code?
All bonus codes that don’t require you to make a deposit give you more freedom in choosing what casino games you can play without making a deposit. Review the casino bonus rules carefully as casinos tend to limit your options. For example, it is very rare to see these bonus codes available for live dealer games.
That being said you can find casinos where you can play blackjack, roulette and video poker with your bonus code. Generally, free spins coming from these bonus codes can always be claimed on slots.
How Do I Find Online Casino Welcome Bonuses?
On Top Australian Gambling we will always provide you with a current list of the best online casino bonuses out there.
What Casino Has the Best Bonuses?
That depends as casino bonuses are subject to change. However, we work to always provide you with an up to date list of the best bonuses out there.
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