Giveaways are the best welcome gift, and online casinos understand that. Every single online casino nowadays offers a bonus scheme for new members as well as a loyalty stimulus package for returning ones. The amounts and kinds of bonuses available to you at any given point of your playing experience are likely to have your mind spinning faster than a slot machine. You should remember, however, that there is no such thing as a free lunch, and every bonus you get comes with certain terms and conditions. Here is a little review of the most common kinds of bonuses and what they mean for your gaming experience.
The bigger the deposit, the bigger the bonus?
Deposit-dependent bonuses are the most common giveaway at online casinos. The amount you get is a percentage of your initial deposit. Bonus size varies from 50% to 500%, depending on the casino. To prevent high-rollers from abusing big percentages, most casinos put a cap on this kind of welcome bonus, usually between 500 and 700 pounds. Deposit-independent bonuses, on the other hand, are fixed amounts you get upon sign-up. Some casinos may also add a small sum (typically 10 to 15 pounds) on your bankroll every week, just to keep you interested.
Cashable vs. non-cashable bonuses
This is where it gets tricky. Many novices are flabbergasted by giant bonuses and feel like they have won before making their first wager. Stringent rules apply to every bonus on your bankroll, and you can only get the cash value after a high number of bets. These bonuses stimulate you to play longer and allow you to explore more games. Each game has a different bet requirement until you may cashout, keeping the probability of you actually pocketing any bonus money quite low. There are also phantom bonuses which only boost your bankroll but can never be cashed out. So, read bonus conditions carefully and beware of giveaway offers that seem too good!