Online casinos normally limit the maximum amount you can wager in order to limit potential payouts originating from a free gift. It is important to comply with this term as wagering higher than the maximum allowed may cancel the bonus altogether or, at the very least, not affect the wagering requirement’s balance.
Most offers are subject to a minimum deposit which you must complete in a single payment. It is important to note that whilst the casino may accept deposits that are lower than the bonuses’ minimum, these won’t count. Keep in mind that a bonus for your first deposit would be automatically lost if your first deposit is not equal to or higher than the minimum amount.
Similarly to payment methods, not all casino games may be eligible for use with the bonus. This is very often the case with free spins, which are commonly tied to one or just a few slots. Certain casinos e genres, such as live games, or specific ones by title or provider.
The psychological effect of casino bonuses
As we mentioned at the beginning of our article, every type of casino bonus comes with strings attached to them. There is a reason why online casinos are offering so many different sorts of bonuses, and even display them as their value proposition to attract new customers.
If you’re not careful then you’ll most likely end up accepting a bonus which will just make you spend more money in the long run, and eventually, fall into the rabbit hole of having the urge to earn back your losses.
This is why we tell our readers to always go through the terms and conditions before accepting any sort of bonus. Understanding fully the terms & conditions, and have a disciplined mind about your spendings will make things a lot easier for you, and can prevent you from making costly mistakes.
We highly recommend reading more about the psychological effect that a casino bonus or any sorts of bonuses have on peoples day to day life, and we’ve gathered a couple of good sources we find helpful.
Goes into details about the bonus ecosystem especially targeting the online gambling industry and touches on the abuse, honesty, cost & the concept of volatility arbitrage.
Talking about why rewards resonates so well with the customers, touching casinosreview.ca/20-deposit/ on the science behind it, loyalty scheme, the conditioning applied and more.
Different types of casino bonuses
There are many different types of bonuses offered by online casinos. In the following section, we will explain the main ones.
Deposit bonuses in India are the most common type of online casino offer. They are fairly easy to understand and are normally presented as a percentage match bonus and maximum bonus available.
This means that if you deposit ?50,000, for example, you will receive an extra ?50,000. As a result, you will start playing at the casino with ?100,000 in your account. Before you can withdraw your bonus you will need to wager the bonus 30 times. This means that you need to wager a total of ?50,000 x 30 = ?1,500,000.
Free spins are a favorite amongst online casino players in Europe and Australia, and also feature numerous online casinos in India. This bonus can sometimes be tied to particular video slots or could be available for all slots offered by the casino. Similarly, they may be subject to wagering requirements or may, rarely, have no wagering requirement whatsoever.