You might have seen that most online betting venues advertisements usually offer some sort of bonus or FREE money to get you to start playing there. Like most things in the world, nothing really comes free, so prior to starting claiming this free money and then getting upset that you’ve been scammed, Make sure you read on and see how this all works.

To start with, you may ask; why do even offer this “free” money? It’s part of their marketing and differentiation strategy. In a nutshell, online betting venues are typically “skins” of the specific software provider, so actually behind the various owner, graphics, licensing etc underneath the bonnet there’s very little difference between let’s say all Playtech powered betting venues, or all Microgaming powered ones.

So, when they are mostly the same beneath the hood, there should be some kind of difference that can convince one to play at “X” online betting venue and not “Y”. Apart from the graphics, licensing, support and reputation, a different way to pitch to potential players is actually by giving them something, in cases like this, a bonus.

Having put that out of the way, the next question you could think about is: OK, so Betting venue X offers $5,000 free, maybe I’ll sign-up, take my $5,000, play them out and continue to Betting venue Y. The perfect solution here is relatively easy also. So that you can claim bonuses at at an online betting venue, you will usually have to make a deposit, unless it’s specifically stated which you don’t, but we’ll reach that later.

Before we sink to the beef from the different types of bonuses offered at online betting venues, here are some extra terms and points you should be aware of, to help you clarify all of them with a support representative before claiming a bonus, simply so you know that you stand and what you’re claiming.

Wagering requirements: Most bonuses have wagering or playthrough requirements, meaning that you should play a particular amount before you could withdraw winning out of your account. On average wagering requirements are often between 15 to 40 times, however focus on what you must wager. In some instances it will probably be only the bonus times X as well as in others you will have to wager the bonus your deposit amount X times. The second by the way is much more common.

Another tidbit you ought to focus on with regards to wagering requirements is, that at many online betting venues, in the event you request a withdrawal prior to deciding to have finished the wagering requirements, your winnings currently is going to be void. Not necessarily fair, but this can be reality.

Games played: Make sure you look at the T&Cs in cases like this. Because slots games are generally by far the most profitable games for online betting venues, many bonuses are generally valid only for slots games. Usually scratch c.ards and keno will adhere to this rule.

In some cases, you will end up permitted to play your bonus on all games; however its not all games will count 100% for the playthrough requirements. For example play on slots will count 100% but roulette will simply count 30%, meaning that you are going to absolutely need to wager over 3 x more to be able to clear the wagering requirements and withdraw your winnings.

Minimum deposit requirement: Typically, in order to claim an additional benefit you will end up required to produce a minimum deposit, which again may differ. It’s generally a little amount which you will probably deposit anyway. It’s usually not over $50.

Since we’re all on the same page and speaking exactly the same language, it’s time we experienced the primary kinds of bonuses offered at most online betting venues. A Match bonus is the most everyday sort of bonus. For every $ you deposit, you may be credited X% of the items you deposited from the betting venue. So, if, as an example, betting venue Z offers a 100% match bonus, deposit $100 as well as the betting venue will give you an extra $100 in bonus money. This means that actually start playing at the betting venue with $200. Match bonuses are typically restricted to a specific maximum bonus amount you are able to claim. A match bonus could be a standalone bonus as part of a promotion (more common at US friendly online betting venues) and/or within the welcome bonus

A welcome bonus is usually provided by most, if not completely, online betting venues to new players who register to make their first deposit on the betting venue. The welcome bonus will be the sum of all of the possible match bonuses you can accumulate as a new player in the betting venue over a specific time frame, or inside your first X deposits, or a mixture of both; in case a betting venue advertises a $3000 welcome bonus, it’s actually the highest you will get with all the 1st deposit bonus, second deposit bonus, monthly bonus etc, where in the event you deposit the utmost quantity of each match bonus, you can get to the advertised welcome bonus. If you deposit lower than required for the highest bonus in each stage, you won’t reach the amount advertised in the welcome bonus. So, actually, the welcome bonus advertised is definitely the MAXIMIUM amount you can claim in bonus money throughout your first duration of playing on the betting venue.

A No deposit bonus is quite self-explanatory. It’s a bonus you receive from a web-based betting venue which will allow you to play real cash games without having to make a deposit. This is a great tool for online betting venues to obtain new players because it lets them try out the betting venue without needing to make a deposit. In some countries it helps solve the “trust” issue betting venue players have with online betting venues. Many players who feel at ease depositing and playing at one online betting venue is going to be wary when attemping out a different one they’ve never played at. Other players don’t intend to make a deposit without testing out the software and games so a no deposit bonus can definitely help here. Some online betting venues give no deposit bonuses as part of their standard offering and others steer well away from such bonuses since they claim that they have a tendency to bring in the wrong type of players, i.e. players that have no aim of playing for actual money to begin with and this it merely puts a strain on the support team without any actual outcome. I think that the truth is probably somewhere in the middle and that people claim no deposit bonuses for various reasons.

No deposit bonuses are usually for any pretty little bit, usually $10-$15 plus they are either provided to prospective clients directly through the betting venue or by websites affiliated with them. No deposit bonuses also have wagering requirements you should complete before you may withdraw your winnings if you’ve been lucky.

Sticky/Play only bonuses are bonuses which you cannot withdraw out of your account. When you get lucky and win and ask for a withdrawal, the bonus amount you received is going to be deducted off your winnings. Let’s say you claimed a $50 sticky bonus and got lucky bringing your bank account balance to $500. Now you want to withdraw your winnings and go celebrate with friends. The web betting venue will only enable you to withdraw $550 from the players account and $50, the sticky bonus amount, will be void. Play only bonuses are generally larger than match bonuses as well as the wagering requirements lower.

Payment method bonus: This really is something which was first common at Playtech powered betting venues and has spread to numerous others as well over time. Besides depositing in an online betting venue together with your debit or credit card, there are many electronic options almost all of that provide instant fund transfers without the associated hassle and high fees. Many of these alternative payment methods, as they are widely called, offer their services to people without having a credit check and you could transfer money from the banking account discreetly. Some are even pre-paid cards you can purchase in a kiosk. Simply for using these alternative payment methods you can get an extra 10-15% bonus on every deposit you are making along with any other bonus you claim. Be sure to check the cashier section before signing up to an internet betting venue you’ve never played at since this can definitely be to your benefit.

Most online betting venues possess a Loyalty/VIP Club scheme where you could redeem bonuses in turn for points you accumulated while playing. The more you play, the better points you earn as well as the better the idea-bonus conversion rate becomes. It is always important to determine the specific T&Cs in the online betting venue you’re playing or plan to play at because mowqih you will not be permitted to withdraw the bonus amount or even the bonus amount may be docked off your winnings.

OK, so I’m fairly certain you’re now thinking how to get advantage of all of this good, so here’s the flip side of the card. Online betting venues are really understanding of bonus abuse, also referred to as bonus whoring, by players. Such as you could get expelled from the land based betting venue for counting cards for instance, you may also get the players account locked at an online betting venue on the first suspicion they may have of bonus abuse. You need to remember that at the end of the day betting is entertainment and should really be fun and exciting. It’s not really a day job and you also can’t really make money in the betting venue. Bonuses increase the fun and excitements and at the end of the day, are only a promotional tool. Claim them, have some fun along with them, increase your excitement but don’t expect log out richer.

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