Using welcome bonus codes and offers

Using welcome bonus codes and offers

From Kashif SEO

Finally, the final form of requirement you must be aware of is timing. Signup bonuses almost always have an expiry date, as do cashout limits and such.

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One of the biggest benefits of online casinos over land-based ones is that there are many more bonuses available. What these are is basically free value - or possibly free money - so it would be a shame not to use them to their fullest potential. The stake bonus code is one example of just how much customers can benefit from bonuses.

 Types of welcome bonuses

As any LeoVegas review for Canada will show, welcome bonuses are not all created equally, so it’s important to be aware of the few different types. Before starting, it’s with bearing in mind a welcome bonus is usually reserved for new signups only and are only used this one time. They’re not ongoing.

Free Bet / Free Roll

A free bet is a fairly standard welcome bonus in which new customers get a free bet or free spin on a casino game. Usually, it’s equated to a value of money (i.e. $10 free bet) but you don’t always get the stake money returned. So if you win, you just get the winnings and not the returned stake. Or it could simply be “10 free spins on slots”. There may be a limit to the maximum cashout for the free spin bonuses.

Deposit bonus

A deposit bonus is used as motivation to get the customer to deposit larger amounts. In return, they will get a multiple of the deposit upon opening the account. So, deposit $50 and you may be rewarded with $100 or $200. Generally, the deposit bonuses that are more generous in that they reward you with a greater sum tend to be limited to being used on slots as opposed to all games.

No deposit bonus

No deposit bonuses are exactly as they sound: a bonus without the need to deposit and risk your own money. Often, no credit card information will be required either. The bonus amount, say $100, will be free money for you to play with and have absolutely no risk attached to it. But, there is a caveat in the form of criteria and betting requirements…

Wagering requirements

So, you may wonder what is to stop you from depositing money, getting the bonus money, then withdrawing it right away. In order to prevent this, many casinos have wagering requirements. This means you must bet a certain amount times more in value than the bonus money (i.e. 10 times the amount).

So, a $100 bonus means you must complete $1000 worth of bets in order to validate this money as being withdrawable. Of course, you won’t need to place his amount on a single bet (it will keep track) but there may be minimum odds as criteria for the wagering requirements.

Read in the T&Cs for wagering requirements as they may also apply to your free bet bonus. Minimum odds may also be a requirement even if there’s no wagering requirement. Generally, the no deposit bonuses will have the most requirements as they contain the least risk for the customer.

Timing

Finally, the final form of requirement you must be aware of is timing. Signup bonuses almost always have an expiry date, as do cashout limits and such. So, make sure to read the T&Cs and use up your bonuses on time.

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