Online casino bonuses are a way for customers to play online casino games with the casinos money. These online casino bonuses range from $100 to $200 matching bonus. Here’s a quick overview of how it works.
1. When you deposit $100, the casino will give you a matching bonus which is an additional $100. So now, you have altogether $200 to start with.
2. The bonus is locked down until your original $100 is spent. Say for example, you wagered $100 and lost that, you can now go into the bonus fund and use the casinos $100 to play. This is in fairness to the online casinos to prevent folks that deposit funds and open multiple player accounts in order to play with only free cash. The online casino cash is to allow a player to use the casino money to play after their original deposit is used.
You can only withdraw your winnings AFTER requirements are met. So be sure to check what the minimum wagering requirements are.
3. Monthly casino cash rebates
This type of bonus is a customer loyalty bonus. Even if you lose money, every month, you will get $10 to $300 to play. And this is on the house. You can use this cash to play any game that you like. You can use this monthly bonus cash to win money, and you can withdraw the winnings.
4. Example of how online casino bonuses work and what you as a player can do to benefit.
In order to cash out your winnings, you need to chalk up points by wagering on certain games, ie slot machines. It is possible to win up to $2,000 with $100 personal cash and $100 casino cash playing roulette and using certain strategies. I have done this.
However, if you do that, then you will need to wager around $1000 on slot machines before you can meet the casino requirements to make a withdrawal. So say you won $2000 playing online roulette, you now have a buffer of around $1,000 so that even if you lost $1000 on slot machines, you have made $1000 profit. Of course, slot machine winnings will also add to your profits, so you might make more then $1000.
Which brings to mind, if you deposited $200 to start with and made $2000, then you don’t need to wager on slot machines and meet the casinos bonus requirements.