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How to Make the Most Out of a Casino Deposit Bonus

18 March 2024

How to Make the Most Out of a Casino Deposit Bonus

Online casinos seem to hand out bonuses left and right these days. Sifting through all of them and finding one worth your while can certainly be a difficult task. If you’re new to online casino deposit bonuses or are just interested in learning how to spot a good deposit bonus, this quick guide should have everything you need. From the different types of bonuses to how you can maximize it and make full use of it, here’s everything you need to know.

Understanding the Types of Deposit Bonuses

There are essentially four main types of deposit bonuses, but you may come across more while you’re playing online. The important thing to remember is that they all generally boil down to the same thing: bonus cash for a deposit. Here’s a quick look at the four most common ones encountered.

Welcome Bonuses

These are your most common bonuses, and every online casino worth its salt has one. It’s typically a one-time bonus given to new players signing up with the casino for the first time. They’re usually pretty generous and can often be anywhere from 50% to as much as 250% or more. The higher the percentage, the larger the wagering requirement—a term we will explain more later. Just remember that there are usually specific terms associated with this bonus, such as one per household or user, so don’t make another account to capitalize on it, or else you may find yourself banned.

Reload Bonuses

Also known as a deposit bonus, it’s exactly what it implies—a little bonus for making a deposit with the casino. They typically aren’t too big percentage-wise, but they’re a nice way for the casino to show their appreciation that you’re continuing to play with them. Some casinos have VIP programs where you earn points the more you play, and your reload bonus is directly tied to your VIP tier. Contact customer support for a full rundown of the bonuses and any programs your online casino may have.

No-deposit Bonuses

The golden goose of casino bonus. A no-deposit bonus is usually given out to new players and is intended to give you the ability to try the casino out and see if you want to stick around and deposit some of your own money. These bonuses tend to have high wagering requirements or specific games they can be spent at. This bonus tends to be pretty rare, but you can still find some casinos offering it if you’re lucky.

Free Spins

Some casinos offer free spins to new accounts, while others give free spins for making a deposit. They’re almost always only valid at certain games or with certain software providers. Any winnings will be subject to a wagering requirement, so it isn’t exactly “free,” but it’s a nice gesture.

Key Terms and Conditions to Watch For

You’ve probably heard it a few times in this article already—wagering requirements. This is perhaps one of the most important term to keep an eye out for, as it can turn a lucrative bonus into a downright awful one.

For example, you can receive $100 from an online casino through a welcome bonus. It might seem like you could just withdraw all of your money and walk away with an extra $100 for no risk, right? Well, the casinos have already thought of that. In order to withdraw your bonus and subsequent winnings, you need to wager it a certain amount. If the wagering requirement is 5x, you need to wager your bonus that many times, or $500. You can easily see how wagering requirements can turn a good bonus into a bad one, as a wagering requirement of 30x+ almost ensures that the odds are against you, and you will lose your bonus before it’s eligible for withdrawal.

The only other main thing to keep in mind when looking at bonuses is what games are applicable. Some bonuses, especially those for slots and free spins, are only eligible for use at certain games or software providers. Some bonuses for sportsbooks are only eligible for bets on certain teams, sports, or matches. It’s important to know where your bonus can be played, as a bonus might not be that enticing if it’s for a game you hate.

Strategies for Maximizing Your Deposit Bonus

One of the best pieces of advice you can get is to use your bonus at games with the highest return-to-player and the smallest house odds. This means finding slots with a high RTP or playing games like blackjack or baccarat. You have to bet your bonus multiple times before it can be withdrawn, so giving yourself an edge with games that are the least likely to take your money over time compared to other games is the best bet. RTP can often be found underneath the game on its page, but you can also reach out to customer support if you are having difficulty locating it.

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