Casino Bonus Offers – A Beginner’s Guide
- Casinos have offers to attract new customers
- Some give away a small amount of money for you to try them out
- Whilst others match the first deposit you make up to as much as £1,000
- Our comprehensive lists them all in one place for you to compare
Online casinos remain one of the UK’s favourite ways to bet online. They’re iconic, and feature in some of our most favourite films. However, for some, they may be confusing with their wide range of games and just so many casinos to chose from. We’ve put together this guide for players considering opening up an account who need some support to understand what those options are and how bonuses offered work.
Generally there are two types of casino bonus offer
When you first join a casino, you’ll often receive a very small stake of money to bet for free. Around half of the casinos do this. The second type of offer is when the casino will match your first (or first few) deposits. When picking your casino, do on the grounds of the matched deposit since it’s much more important.
Bonus Offers Requiring No Deposit
For very casual players, the casinos will offer a small bet, usually without you even having to enter your credit card information. At the time of writing, there are four offers of this type. Usually they will give you £5 to try out the games, which you must play through a certain amount of times before you can withdraw it.
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Deposit matched bonuses
These offers are for the more serious casino player. There are some variance among the offers, but the fundamental principle is that when you make your first deposit, the casino will match it with additional bonus money. To be clear, if you sign up to a casino, deposit £100, the casino will reward you with £100 additional to bet.
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Look out for the tiers of deposit matched
We’ve had to take a somewhat simplistic look at all the bonuses for the purpose of this guide, but they can be quite complex. Let’s take Bet 365 for example. They will match your first deposit 100% up to £100, but if you want to make an even larger deposit, they will match you all the way to 50% of £500. On top of that, casinos may offer their bonus over a series of deposits. We recommend that you do your research and read through what is available.
Wager Requirements Explained
When casinos want to attract new customers to join them versus their competitors, they will give away a bonus, typically a few hundred quid. It isn’t the case that you sign up, deposit £100 and be credited with an additional £300 to withdraw. Usually the bonus is added to your cash balance almost immediately, but you will need to make a series of bets before you can withdraw it as cash. Wager requirements typically have two components, how many times you have to wager the money, the amount that needs to be turned over.
Example: Sky Vegas have a wager requirement of 40 times the deposit + bonus. So if you deposit £50, and receive a £100 bonus, you will need to bet £150 x 40 = £6,000 before you can withdraw the bonus as cash. Other casinos may vary, for instance, you may only have to wager the bonus amount before you can withdraw it, or you may need only wager it 25 times before withdrawing it. These are the things to look for in the terms and conditions. Lastly, there is a finite amount of time applicable to the wager requirement, usually 30 days. So you have to fulfil the requirement within that period.
Games Vary In Their Contribution Towards Your Wager Requirement
Another aspect to look at within the offer terms and conditions are the games that contribute towards the bonus. Not all games are equal. There is a straight forward explanation for this. Different games have different odds. Hypothetically, a player could take their new shiny deposit, and at the roulette table bet on either red or black. Because the odds for the punter are pretty much even, they could go through their wager requirements with very little risk, maintaining all of their money.
From the casino perspective, there has to be at least an element of risk for them to be profitable. Therefore riskier bets count more towards your wager requirement, as demonstrated well with Sky Vegas. Continuing the example from earlier, if you have a wager requirement of £6,000, slots are a good way to hit your wager requirement as they contribute 100%. Here is the maths:
- Slot games & ‘instant win’ will count 100%. You need to wager £6,000 – £150 x 40 = £6,000
- Table games will count 10% You need to wager £60,000 – £150 x 400 = £60,000