Casino Bonuses

Online casinos and betting sites love to offer bonuses for both first-timers and current members. This article will explore the different casino bonuses these platforms offer. Read on to learn about the different types of bonuses available, how to get them, and tips on maximizing these promotions.

Online Casino Bonuses Explained

Casino bonuses are usually one of the biggest offers gambling sites provide and can be beneficial when used properly. Understanding how these bonuses work and how to make the most of them can significantly impact your online casino experience. Here’s a close look at the different types of casino bonuses and tips for using them effectively.

Welcome Bonuses

These are the first types of bonuses you’ll find. Welcome bonuses are usually the most generous because they’re designed to entice new players to sign up. Most online casinos promote a welcome bonus that matches your initial deposit to a certain percentage, giving you extra funds to play with.

For example, Bet88 offers a 100% Welcome Bonus of up to ₱ 8,888. Let’s break this down.

100% Welcome Bonus: The online casino will match your initial deposit by 100% after signing up. So, if you deposit ₱ 1,000, it will give you another ₱ 1,000 in credits.

Up to ₱ 8,888: Bonuses usually limit how much players can get. In this case, it’s ₱ 8,888. If you want to maximize the 100% deposit match bonus, you should make your initial deposit of exactly ₱ 8,888. This will give you a total of ₱ 17,776 in your account (₱8,888 initial deposit + ₱ 8,888 welcome bonus = ₱ 17,776 balance).

Pro Tip: Always check the wagering requirement of every bonus. Wagering requirements determine how much you must bet before withdrawing from the bonus. In this case, the Bet88 welcome bonus has a 38x wagering requirement. This means you must wager 38 times your bonus before withdrawing. 

For example, you deposit ₱ 1,000. Your welcome bonus of 100% will be ₱ 1,000. The wagering calculation follows Bonus (₱ 1,000) x Wagering Requirement (38) = ₱ 38,000. Your bet winnings must reach at least ₱ 38,000 before you can withdraw.

Reload Bonuses

Reload bonuses reward players for making deposits. They usually come as deposit match bonuses but can also be free spins. For these promotions, you’ll want to look for conditions like the time frame for claiming the reload bonus, the wagering requirements, and the games they apply to.

For example, the BK8 online casino offers the Daily Unlimited Reload Bonus, which is worth up to ₱ 3,000. Players who are availing of this bonus get 10% added credits when they deposit. So, if you deposit ₱ 1,000, your bonus is ₱ 100 (₱ 1,000 x 10%). The wagering requirement for this bonus is 8 times the deposit plus the bonus. In this case, the wagering requirement is ₱ 8,800 (₱ 1,000 deposit x ₱ 100 bonus x 8 wagering requirement).

Identify which types of games the reload bonuses apply to. For example, the 22Win 30% Daily Slots Reload Bonus applies to slot games only, meaning that the credits from this bonus can only be used for slots.

Cashback Bonuses

Cashback bonuses or cashbacks help players regain some percentage of whatever they have wagered. Bettors who avail of cashbacks come in two types: rebates, which apply to all bets placed over a period of time, and rescue bonuses, which apply only to losses. Let’s discuss them more below.

Rebates

Casino rebate bonuses give players cashbacks on all the bets they have placed, regardless of whether they won or lost. What you should look for in rebates are:

Percentage: How much is the percentage given as cashback to players? These typically range from 0.3% to 1%, depending on the online casino, games played, and VIP level.

Minimum payout: The minimum payout is the threshold players must meet to receive cashback. For example, BK8’s 1% Daily Cash Rebate requires a minimum payout of ₱ 10. If they offer a 1% cashback, you need to bet at least ₱ 1,000 to get the rebate.

Applicable games and providers: Online casinos offer differing percentages based on the game you wager on. Live casino games might offer different cashbacks compared to slots or fast games. Check the rebate’s terms and conditions to learn more.

Rescue Bonuses

Rescue bonuses are a type of cashback that only applies to losses. They can also be called “casino cashbacks” or “loss-back bonuses.” This form of bonus is designed to return a portion of the losses incurred by a player over a certain period. As with rebates, players should look at the percentage, minimum payout, and applicable games or providers of rescue bonuses.

Other Bonuses

Beyond the standard welcome, reload, and cashback bonuses, online casinos offer exciting opportunities for players to win and keep playing games. Let’s go through some of these other casino bonuses.

Tournaments

Tournaments add a competitive element to online casino games and allow players to showcase their skills against one another for specific games. Here’s what you need to know about tournaments:

Usually hosted by a provider: Game providers typically host these tournaments to reward more players for playing their games.

Feature one gaming category: Tournaments are usually for slot games, table games, and live dealer games. Slot tournaments are among the most popular ones, and players compete to win the highest percentage of select slot titles within a certain timeframe.

Offer cash prizes and more: The top players of a tournament are usually given cash prizes, but rewards can also come in the form of bonus funds and free spins. Tournaments market a prize pool, the first thing players will see when advertised.

Minimum entry to participate: A minimum bet is required to participate in these tournaments. For example, the Spadegaming Play & Win Tournament only considers ₱ 55 or higher bets on their eligible games to be marked on the tournament.

Pro Tip: If you win big in an eligible tournament game, make sure to take a screenshot, as many online casinos require this as proof of your entry. 

Daily Missions

Some online casinos employ daily mission bonuses, offering rewards through bonus funds, free spins, or VIP points. These rewards are not as significant as standard promos like cashbacks and reload bonuses but can accumulate over time to give players an extra wager or two.

Lucky Spins/Wheels

Lucky spins or wheels are bonus programs that several casinos offer. Usually, these platforms give active members (those who have made a significant deposit recently) one daily free spin. Players can also use casino points to buy lucky spins. Prizes include devices like smartphones and smartwatches, bonus credits, and extra casino points.

Casino Bonus Terms and Conditions

We recommend all players read and understand the terms and conditions of casino bonuses. These rules will help dictate how to use these bonuses, affecting how much you can benefit from them. Here’s what you need to know most about bonus terms and conditions.

Wagering Requirements

As mentioned previously, a casino bonus’s wagering requirements are probably the most important conditions you’ll need to understand. Look for exactly how your casino outlines the wagering requirement. 

Some platforms, like Bet88, only include the bonus credits for their wagering requirement (Bonus x Turnover = Required Turnover for Withdrawal). Other platforms, like BK8, include the deposit and bonus for the wagering requirement ([Deposit + Bonus] x Turnover = Required Turnover for Withdrawal).

Other Terms & Conditions

Game Limitations: Certain bonuses may be restricted to specific games like slots, live casinos, and table games.

Expiry Dates: Bonuses have expiration dates. Make sure to fulfill the bonus requirements before the expiration date.

Earning Caps: Some bonuses have a maximum earning, restricting the total winnable amount, even in the case of large jackpots.

Payout Restrictions: Certain casinos set limits on the amount withdrawable from earnings made with bonus funds.

Casino Bonus Tips and Tricks

Below are strategies to help optimize your use of casino promotions.

Scrutinize the Details: Diligently review all terms before accepting any bonus. 

Seek Minimal Playthrough Requirements: Opt for bonuses with lower playthrough requirements to enhance your withdrawal chances.

Favor High RTP Games: Opt for high Return to Player (RTP) rates. Higher RTP games improve winning odds.

Budget Wisely: Monitor expenditures and avoid pursuing losses. Establishing personal limits can promote responsible gaming.

Utilize No Deposit Bonuses: These offers require no initial investment, providing a chance to win without risk.

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