Deposit Bonuses

DEPOSIT BONUSES IN NEW JERSEY

Suppose you’re someone who has just recently taken a step into the glamorous and wonderful world of online casinos. In that case, it is imperative to understand what a bonus is, what different kinds of bonuses are available, and how you can maximize your profits through them. Moreover, understanding bonuses at casinos is important because, as a player, you should know exactly what you’re getting, and the different rules and regulations which apply to get them. More importantly, the more you understand bonuses and wagering requirements, the better equipped you are to qualify for them by meeting those wagering requirements.

Many times, new and enthusiastic players who read about bonuses without reading the terms and conditions and their specific wagering requirements get excited and dive headfirst into the casino, without realizing that they won’t be getting the absolute best out of it. As the name suggests, a deposit bonus is a particular type of bonus that is provided to players when they make a real money deposit at the casino. It is sort of like a thank you from the casino to its players for putting their trust in them and deciding to choose their casino. This also means that players must deposit money into their account to unlock their bonus. Another crucial factor, perhaps the most crucial factor, is the terms and conditions section, which lays down all the rules and guidelines that must be followed and certain criteria that must be met before a player can receive their deposit casino. Out of these terms and conditions, the most important are the wagering requirements, which we’ll discuss shortly.

Deposit bonuses come in all kinds of shapes and sizes, and no two deposit bonuses will be the same. This is why it is imperative for players, especially new ones, to familiarize themselves with the terms and conditions of the specific bonus they’re trying to achieve before they make their deposit.

WAGERING REQUIREMENTS

In simple words, a wagering requirement is a multiplier which is laid down by the casino. It represents the number of times a player must play through a bonus before they can withdraw any winnings. For example, suppose a player is given a casino bonus worth $20 with a 10x wagering requirement. In that case, this means that the player needs to spend another $200 on games that are eligible for this bonus before they can withdraw any pending winnings which they may have gained. It is important to take a look at wagering requirements because many casinos have an absurdly high wagering requirement (50x, 100x, 150x), along with having a due date in which the wagering requirement must be met, which makes it impossible in some instances to achieve it. The player ends up losing their bonus.

A common question asked by many people is, “Why do casinos have wagering requirements?” Simply put, when players are awarded a bonus by the casino, they’re technically playing with the casino’s money. Naturally, a casino would ideally like players to play that money at the casino (reinvest the money at the same casino) rather than running off with their money and going to another casino and using it there. This is similar to a gift card that can be found in stores. Customers can’t use the gift card at any other store. In other words, the purpose of the bonus is to stretch the playing time provided to players and grant them an overall exciting and enjoyable gaming experience. So if a player receives a bonus of $10 with a wagering requirement of 30x, they must wager $300 ($10×30) before the original bonus of $10 will be transferred to their cash balance and be able to be withdrawn.

DIFFERENT TYPES OF DEPOSIT BONUSES

As mentioned before, no two deposit bonuses at the same casino will be the same. They might have different wagering requirements, different slots that they can be used or activated on, or different periods in which their specific terms and conditions need to be met. Again, this is why it is very important to read the terms and conditions relating to different kinds of bonuses since they’re not the same and have different requirements that need to be met to achieve them.

WELCOME DEPOSIT BONUS

Welcome deposit bonuses are some of the most common bonuses offered by online casinos. Now, if a casino doesn’t offer a welcome bonus, it is kind of frowned up, since this is the bare minimum which players expect from a well-known casino that values its customers. These are also known as first deposit bonuses, new player bonuses, and sign up bonuses. The most common form of welcome bonuses is a 100% match up to a certain amount, although that percentage may vary from casino to casino. For instance, most online casinos offer a welcome bonus of 100% welcome match bonus up to $500. This means that the welcome bonus depends on how much money players deposit the first time. For a maximum $500 deposit, the casino will award the player with another $500 in bonuses to play with. Again, several terms and conditions will apply as to how that $500 from the casino can be utilized, withdrawn, or used at the casino. Welcome bonuses are offered at different levels as well, starting from 50% and going all the way up to 500%, but the most common percentage offered it 100%. Most casinos that offer more than 200% will have several terms and conditions that will need to be met, so they should be carefully looked at by players to ensure they don’t present any problems while withdrawing.

MONTHLY DEPOSIT BONUS

Monthly bonuses, also known as reload bonuses or loyalty bonuses, are provided to players every month to encourage them to keep on playing with the casino. For example, some casinos might offer their players a 100% match up to $100 on the first day of every month. Additionally, most casinos will offer players an additional monthly match bonus based on their previous month’s activity and their deposit values. It will then provide players with a calculated match offer that best reflects their deposit ratios and activities with the casino. Although most of these bonuses are not as high as welcome bonuses, they can still amount to a significant bonus amount depending on the player’s activities.

PAYMENT METHOD BONUS

Payment method bonuses are usually offered by top online casinos for retaining players who, for one reason or another, are unable to use their credit/debit cards to fund their specific online casino accounts. It is an unfortunate but widely known fact that unfriendly gambling laws in certain countries hinder the transfer of funds for players using their credit/debit cards to load their online casino accounts. Hence, to prevent credit card owners from being disappointed and turning away from their casinos in search of other gambling establishments, online casinos collaborate with alternative payment processing companies, such as Neteller, Skrill, and others, to offer lucratively attractive alternative payment bonuses for such players. The availability of these kinds of bonuses encourages players – specifically cardholders – to stay back at the casino, fund their accounts using the alternative payment methods, and grab the special payment method bonuses offered by the casinos.

HIGH ROLLER CASINO BONUS

Other than the particularly sizeable welcome bonuses being offered by almost all top online casinos, there are other welcome bonuses offered exclusively for high rollers with a sizeable bankroll. These bonuses are not for the faint-hearted and will often require high rollers to deposit large sums at a time, offering a considerable amount of funds in return. For example, a standard welcome bonus would offer something along the lines of a 100% match, which would double any deposit players make. While this sounds great for most players, it wouldn’t mean much for high rollers. A high roller bonus often offers a smaller 50% match, with the total amount claimable being as much as $1000 or even $2000. However, the catch is that these high rollers will have to deposit at least $500 in one go into their accounts to claim such a generous offer.

VIP WELCOME BONUS

High roller bonuses may also be referred to as VIP Bonuses. These offers usually indicate that high rollers will be treated to something a little extra alongside their gigantic deposit bonuses. This extra feature is usually offered in the shape of instant access to a casino’s loyalty bonus program at the highest tier, the VIP players. Being a VIP member of a casino’s loyalty program also offers additional perks that other standard players wouldn’t be able to enjoy, such as quicker withdrawal times, a more personalized experience, and others.

REFER-A-FRIEND BONUS

In addition to all the exciting bonuses mentioned above, almost all casinos offer a refer-a-friend bonus to its player, which serves two purposes. Firstly, the casino ensures that the player feels rewarded by offering them a bonus. Secondly, and more importantly, it helps generate traffic to the casino’s website and aids the casino in getting new players. It then operates as a continuous cycle, whereby existing players can keep referring the casino to their friends, earn bonuses off it, and encourage the new players to refer their friends further and introduce more players into the casino. It’s a win-win situation. For instance, an online casino will offer a $50 bonus to its players when they refer the casino to 5 of their friends. All the friends have to do is accept the invite and deposit a certain amount at the casino, after which the player receives their bonus.

ADVANTAGES OF DEPOSIT BONUSES

The first and most valuable advantage is the variety of deposit bonuses that players are offered. There is one for everyone! That is why they vary in size, type, and terms and conditions because different kinds of deposit bonuses are meant for different players. Moreover, such deposit bonuses and advantages cannot be found in land-based casinos, so it’s a nice incentive for players to know that they will be rewarded with additional bonus funds and won’t be spending their money without any additional benefits.

Another advantage is the loyalty points that are offered by online casinos. These are rewarded to players not based on the amount they win but on their loyalty to the casino. For example, suppose a player is having a bad run and is on an unending losing streak. In that case, the casino will keep awarding them with loyalty points, which will accumulate and can be used later on to win prizes and purchase more casino credits. In other words, the more a player plays at a casino and the more time he/she invests in the casino, the more loyalty points they will accumulate, which can later be used for rewards and prizes.

HOW TO CLAIM YOUR DEPOSIT BONUS

To claim their deposit bonus, players will need to register an actual account and make a deposit with real money. Some casinos might require a bonus code as well, which can be easily found by searching for that casino’s bonus codes on the internet. Some casinos might allow players to sign up through an affiliate site by using a bonus code provided by the said site. This will allow the casino to know which affiliate has referred you, making the process a lot easier.

CONCLUSION

Conclusively, deposit bonuses are essentially gifts that shouldn’t be passed on. Many online casinos owe their popularity to the deposit bonuses they offer, which serve two purposes: retaining their existing players and bringing in new players. Although the terms and conditions and wagering requirements might look like something you’re not comfortable with, they’re very standard from casinos since they wouldn’t want to give you something for free so that you can leave the first chance you get. Hence, try to find casinos with deposit bonuses, wagering requirements, and other terms and conditions that float your boat and enjoy your free deposits!