Latest Casino Bonuses 2023 – Guide To How Casino Bonuses Work
It’s so easy to see a big ad about the welcome offer and to get all excited. Holy crap, 100% bonus, 100 free spins bonus, and even sports betting bonus? Shut up and take my money! Yeah, we’ve all been there and we’ve all been disappointed when we learned that it isn’t exactly the way the online casino described it.
Even if you forget everything else, please remember what we’re going to say when searching for the latest casino bonuses. There’s no such thing as free casino money. Bonus dollars and other types of bonus cash sound great on paper but it’s not free money actually. Got that? Good! Now let’s take a look at those bonus dollars and bonus cash.
One thing that new casino players always fall for is game wagering requirements (also known as game weighting requirements). There’s a good chance that you’ve used an online casino, and don’t even know what these are and we can’t really blame you. Online casinos like to keep these as hidden as possible in the sea of terms and conditions.Wagering requirements are a necessary evil. They exist so you don’t simply make a deposit, get the deposit bonus and withdraw it all for real money. This is why a deposit bonus (like the welcome bonus) will give you bonus money that needs to be used a number of times before it turns into real money.
Wagering requirements usually go from x30 (good deal) to even x100 (horrible deal). If you’re from countries like the United Kingdom or the United States, it can get even worse. So, make sure you read the wagering requirement for each deposit bonus before you actually use it. Chances are it may not even be worth it.
Fortunately, the Bro Collective puts in the extra hours to reveal if that welcome bonus truly is worth the hassle.
Best Casino Bonus Offers – Types of Online Casino Bonuses And Promotions
Some of the best online casinos to win money offer lots of bonuses and incentives to make you stay just a little bit longer. These bonuses will usually trigger after you make a deposit and/or enter a casino bonus code. Let’s take a look at the most common suspects!
Welcome Bonuses For New Players
The online casino sign up bonus, often called the welcome bonus is the most important casino promotion for new players. It’s what breaks the ice and gets you to deposit your first real money deposit into a casino. Even if the rest of the casino bonuses generally suck, you’ll be more likely to deposit more money because you’ve already done that first deposit with the welcome bonus. Because of its nature, the welcome bonus is usually the most generous one. This deposit provides perks like:
- A percentage bonus (50-200 % based on deposit amount)
- Free spins on specific content from their game selection
- Casino bonus funds (casino coins)
The casino site can also offer a welcome bonus in multiple deposits. These are known as the Second, Third, and Fourth deposit bonuses. It’s common for the first one to be the best while the rest slowly lower in value.
Try not to get too excited about big welcome bonuses, bros. More often than not, those huge bonuses will have ridiculous wagering requirements. Remember: a 50% deposit match bonus with x30 wagering requirement is a better deal than a 200% deposit match with 100x wagering requirement.
Reload Bonuses For Existing Accounts
Even though those welcome bonuses are nice, online gambling sites need you to come back with more of your hard-earned cash. That’s why reload bonuses exist. These usually kick in when the welcome bonus is used. Even though this bonus type is nowhere near as generous as the first one, remember, you are now invested in a casino and you are more likely to go for another deal, even if it is of a lower value.
Free Spins, Free Spins, And – You’ve Guessed It – More Free Spins
As the name suggests, deposit free spins bonuses give you free turns on slot games (sometimes even the jackpot slots) and you don’t have to pay a dime. Keep in mind, these aren’t exactly free quarters that you get to put in whichever slot games you want. Free spins normally work on only one specific game. Also, note that, just like all casino bonuses, the free spins have their own wagering requirements.
Device-Specific Online Casino Bonuses
These aren’t as common as the others but sometimes a gambling site may just want more iPhone or Android players at their online casino. When this happens they make device-specific bonuses where you get a little something for just creating an account from a specific device or registering a device from an existing player account. Usually, these bonuses are pretty meager but, you never know, it may just be something cool.
Casino No Deposit Bonus & Free Play
The fabled online casino no deposit bonus is almost extinct nowadays. These are kinda like welcome bonuses but you don’t need to deposit anything. No joke, you don’t even have to look at their banking options page. All you need to do is create an account and enter a casino bonus code and you get free stuff. Of course, no deposit bonuses are usually the skinniest of all casino offers. More importantly, by creating an account at a casino site, you officially become one of the casino’s many new customers.
This tiny bonus with high bonus wagering may just be the push you need to get you to take a look at the deposit options. Online casinos like to pretend like these no longer exist and those that actually have them usually have extremely strict rules with these bonus types. It’s extremely rare to find a casino site with a no deposit bonus that is actually worth it.
High Roller Online Casino Bonuses
If you hit one of these, you’ve probably spent more money at an online casino than you should have (don’t worry, we’ve all been there and we ain’t judging). Anyhow, the high roller bonuses appear after you’ve spent a certain amount of money at a single casino. These can be predetermined bonuses (like free spins, deposit percentage bonus) or they can even be specifically tailored to your tastes. Casinos may even offer you things like gadgets, tickets to shows, dinners, and vacations even.
Casino Bonus Rundown – How Are Online Casino Bonuses Calculated?
When looking at welcome bonuses or any deposit bonus in general, you will probably notice the percentage number and the “up to” section that comes right after it. How do we calculate this?
Normally, online casinos calculate their deposit bonus with a percentage from 50% to up to 200%. If a welcome bonus has a 100% deposit bonus and you deposit $10, you’ll get $10 worth of bonus money.
If you are thinking of depositing a million bucks and getting another million in bonus money, think again. The “UP TO” shows the max bonus amount you can get from your deposit. So don’t bother depositing $200 if the max bonus you can get is only $50.
What Other Casino Promotions Exist?
Other than providing casino bonuses, gambling sites still need to keep things fresh so that their money games keep making more money. As a result, casino sites usually host tournaments and seasonal bonus events. In other words, they are time-limited time and can offer some of the best bonuses.
While seasonal bonuses are about the same as all other deposit bonuses the tournaments boil down to “who-can-spend-the-most-in-x-amount-of-time”. Make sure you check what you actually need to do before you visit the deposit options and decide to participate in these events.
Bonus Wagering Requirements – Find The Best Online Casino Bonuses
You know how TV ads for drugs and supplements have a guy read the words “consult your doctor before usage” really fast. They do this because they have to say it even though they’d rather not. Wagering requirements are those super-fast bits in online casino forms. Just like those ads, they will tell you how great and exciting their products (casino bonuses) are with only, barely, mentioning the side effects.
Whenever there’s a bonus, there will be wagering requirements. So let’s say you just deposited your first sum into an online casino and you received $100 worth of bonus money. You won’t be able to withdraw those $100 until you’ve used them in some casino games a bunch of times.
The wagering requirements range from the standard x30 to up to a ridiculous x100. The lower the better. Many casino players simply look at the casino bonus and immediately deposit money only to realize that the wagering requirements are ridiculously high. Don’t be like those casino players. Don’t be a sucker, gamble responsibly!
We can’t stress enough how important it is to check these before you decide to go for a bonus. In fact, we would go so far as to say to check the wagering requirements BEFORE you check the actual bonus. Here are a few examples:
- To keep it real, the standard wagering requirement is between 30x and 35x.
- Anything that goes above 35x we call high wagering. High wagering is awesome cause you get a bonus 200%, bonus 300%, bonus 400%, or even a bonus 500%.
The most confusing part of the wagering requirements is making a difference when you have to wage just the bonus vs bonus wagering + deposit. This means that sometimes you’ll have to wage only your bonus dough and sometimes you’ll need to bet bonus + your deposit. We made some cool examples to make it easier to understand:
Wagering the bonus only
- Casino’s offer: There is no deposit $10 bonus when you sign up.
- Wagering requirement: 45x
- Your winnings: X
- Calculation: $10 (this is your bonus money, bro) x45 = $450
Explanation: To withdraw your bonus cash, you’ll need to wager your bonus 35 times. This means that you’ll have to bet $450 before you can have X bonus winnings in your pocket.
Wagering both bonus + deposit
- Casino’s offer: 100% up to $100
- Wagering requirements: 35x bonus + your deposit
- Your deposit: $50
- Your winnings: X
- Calculation: $100 x 35= $3,500
Explanation: This means that you’ll need to wager both $50 deposit + $50 bonus on top of that, 35 times before you could make a withdrawal. This means, dude, you’ll have to bet $3,500 to win that dope bonus.
Bonus free spins
- Casino’s offer: 30 bonus spins
- Wagering requirements: 35x
- Your deposit: $10
- Your winnings from bonus spins: $60
- Calculation: $60 (the money you win from spins) x 35 = $2,100
Explanation: This means you’ll need to bet $2,100 and then you can take your winnings. This can look like a huge amount to bet before you can withdraw and enjoy your dough, but remember that every time you spin, dude, you keep on winning. This helps you reach that wagering requirement of $2,100.
Now, don’t hold us to this but, there are rumors about casinos with no wagering requirements, however, most people will say that no such things exist. The legends also say that if you dig deep enough through casino details, you may just find one of these casinos. Gee, if only there was a book, or a website, that already had this info in easily digestible form.
Best Online Casinos Offer The Best Online Casino Bonus Terms & Conditions
You know that thing we always check whenever we create an account on anything? That’s the terms and conditions (T&C). This long laundry list of crap is specifically designed to look so unappealing. You still have to accept it, though, if you want to play your favorite live dealer games. The deepest, darkest secrets are always hidden deep in the clutches of T&C and they are ready to jump at you whenever you have a complaint about something (especially about the banking options and the casino bonus). For the bold, you can actually look at an online casinos’ T&C yourself. If you dare, keep an eye on:
- What the min deposit for the bonus is
- If there’s a time restriction on using bonus funds
- Whether there are deposit bonus codes to enter
- Which casino games are included in the bonus offer
The information in the terms and conditions is invaluable and can either make or break online casino sites. Fortunately, there are people who have already done all this dirty work for you.
Are there any additional online casino bonus conditions to check out? Have we mentioned that you always keep an eye on the wagering requirements? We have? Well, we’ll keep mentioning it but other than that, there are a couple of things you should keep in mind.
Make sure your favorite game provider hasn’t blacklisted your country from participating in a bonus event. Just because you are allowed to enter, register, and play slots and live dealer casino games, that doesn’t have to mean that you can participate in bonus events. Yeah, this can really suck sometimes.
Make sure you always use those casino bonus codes. If you don’t, you may miss out on an entire bonus. With so many online casinos out there offering “the best casino bonuses” to their customers it can be hard to tell which ones. Don’t just settle for the first one you see. Look at a few more, make comparisons, or better yet, let someone professional do the dirty work for you online.
What are casino bonuses?
An online casino bonus is a reward. It is offered as an incentive – whether it be sign up, loyalty or deposit based – to play the games at any given gambling site.
How do casino bonuses work?
It depends on the site you are visiting. Offers will always vary in such a crowded market place, which is why we do the hard work for you and search out the best bonuses on offer. For the most part, you will need to invest some real money of your own at some point in order to release your winnings. However, most casino bonuses do at least provide you with money to play with beyond your initial bankroll.
What are casino bonus codes?
While most online casinos offer you an immediate casino bonus to play, some may require an activation code which certain online casinos (or us) will provide you with. Once this code is entered into the correct box on its intended site, the casino bonus is activated.
Are online casino bonuses worth it?
Of course! We want you to enjoy the best possible online gaming experience and the more value you squeeze from your online casino, the more fun you’ll have. Whichever casino you choose, the casino bonus will probably be worth collecting. If you’re searching for the best online casino bonuses available across the web, then check with us first.
What casino games can I use bonuses for?
That will be stated when you agree to claim a casino bonus. All, or most, online casinos offer specially tailored and bespoke bonuses relevant to what their players require. That means you get to enjoy casino games like blackjack, baccarat, roulette, slots, poker and video poker whilst gaining free money in the process.
Are casino bonuses reserved solely for new players?
Sometimes, but not always. Online casinos value new customers and often provide loyalty bonuses as well as other rewards for depositing funds further down the line.
Are casino bonuses available for mobile play?
Most of the time, yes. In fact, many people don’t realize that there are some fantastic casino bonuses that are exclusive to those playing on a mobile device. A mobile casino bonus can come in many different forms, ranging from no deposit bonuses to free spins at some of the best online slots. While the rollover requirements differ from casino to casino, nearly all are worth taking advantage of when you first start using a mobile device to play.
How do I find the best bonuses?
With Casino Bros, of course. We work hard to ensure that the bonuses we recommend are relevant, up to date and in your best interest. You can read through our 25-step review process to learn exactly how we rate casinos and single out the best bonuses.
What makes a good casino bonus?
It depends. A good casino offer should suit how you play, how much you play, and work with your preferred game. Check out the different types of casino bonuses and compare offers from different online casinos.
Are the biggest casino bonuses usually the best?
Not necessarily, no. They might look impressive but may require more outlay from your pocket in order to release the casino bonus on offer. Read the small print and make certain you understand exactly how each offer works to ensure a risk free gambling experience. Oh, and gamble responsibly!
How long does it take to receive my casino bonus?
As long as you fulfil your required commitment, more often than not your online casino bonus will activate instantly.
Can I withdraw my casino bonus?
Sometimes, yes. Sometimes, no. Once again it depends entirely upon the sites you use and the types of bonus you are attempting to cash in on. Some sites may allow you to invest a certain amount of real money before withdrawal, others may insist that all winnings are collected minus the casino bonus. It really is worth getting to know your casino bonus types and making sense of the industry terms. Once you understand the various types of online casino bonus available, you are in a good position to make an informed decision.