One of the most exciting parts of playing at an online casino is enjoying the bonuses and promotions. If you play at Magyar online casino, then you’re not new to enjoying bonuses and special offers, as the promotions at this casino are numerous and frequent.
Bonuses give players a way to make some extra money gambling without needing to touch their bankroll. Promotions are ongoing offers that aim to reward players for their loyalty and attract new players. With casino promotions, you could win fantastic cash or physical prizes as well as casino credits and other casino incentives.
If you’ve ever wondered how all the different types of bonuses in casinos work, then this is the article for you. Read on to learn what you stand to gain from each bonus/promotion and what their conditions and requirements mean.
Casino Bonus Conditions
Before you claim any bonus, you should make sure to read the T&Cs to find out if they suit you. Not doing this could result in you being unable to withdraw your funds because you’re yet to finish playing through a bonus. Here are the most important casino bonus requirements:
- Wagering requirement. This is the number of times you have to wager the amount of your bonus before you can withdraw winnings from it. If a bonus has a 45X wagering requirement, it means you have to wager the bonus amount 45 times in the casino before you can withdraw your money.
- Game restrictions. Some bonuses, especially free spins bonuses, are restricted to certain games. Most casinos won’t let you use bonus funds to play live casino games.
- Bet size restrictions. To prevent bonus abuse, some casinos will insist that while using a bonus, you cannot make bets above a certain size.
- Expiry date. Always check to see when a bonus expires so you can make ample use of it before that date comes.
Types of Bonuses
Casino bonuses are one of the reasons the gambling industry has exploded in size over the last few years. They enrich your experience as a player by giving you a risk-free way to try out several different games. These bonuses are either given as a one-time offer or offered daily, weekly, or monthly. The most common types of online casino bonuses are
- Deposit Bonus
- Welcome Bonus
- No-deposit bonus
- Free spins bonus
- Cashback bonus
These bonuses can be intertwined with one another. For instance, a welcome bonus could include a free spins bonus and a deposit bonus.
Deposit Bonus
This bonus is given to users when they make a deposit. Also known as a deposit-match bonus, it aims to gift you a percentage of your deposit as a bonus. For example, a 100% deposit bonus on a $200 deposit will give 100% of the deposit (which is $200) in additional credits. So, the player will now have $400 casino credits which can be used to play any game of their choice.
Deposit bonuses, like other bonuses in this guide, are subject to wagering requirements, which we’ll touch on later. It is quite common for casinos to offer deposit bonuses as part of the welcome bonus.
Welcome Bonus
This is the bonus package each player is entitled to when they sign up. For some casinos, it can be as simple as one deposit bonus, while others offer multiple deposit bonuses alongside other offers like free spins or no-deposit bonuses. Typically, these bonuses expire within a few days if left unused.
No-deposit Bonus
As the name implies, this bonus does not require you to make a deposit. It is a catch-all term for all bonuses that do not require prior payment. So, it could be a free spins bonus or a free token to play any casino game of your choice. The only downside to these bonuses is that they often come with high wagering requirements.
Free Spins Bonus
This kind of bonus is quite straightforward. You get free spins to use on a particular game or group of games (or on any game you want), and any money you win is yours. Of course, you have to wager through the playthrough requirement before you can cash it out.
Cashback Bonus
Cashback bonuses are a unique kind of bonus that give you back a percentage of your losses every day, week, or month. It is often a small percentage, like 5 – 10%, but it can help boost your bankroll.
Types of Promotions
Unlike bonuses, promotions are always ongoing, and they are not tied to a specific player or game. Any member of the casino can participate in a promotion at any given time if they are eligible, and winnings are often free from wagering requirements. Some examples of promotions are:
- Prize draws
- Tournaments
- VIP program
- Referral program
Conclusion
Online casino bonuses and promotions are great incentives for players. However, it is important to understand the terms and conditions attached to them. By learning about the types of bonuses available and understanding the terms and conditions of each bonus, you can easily determine which are worth accepting and how to best utilize them.