Explaining the Most Important Casino Bonus Terms for New Players to Learn
Entering the world of online gaming can be overwhelming for a variety of reasons. Firstly, there is an immense number of sites, making it difficult for new players to figure out where to play. However, even if new players knew where to play, it would get confusing. That is largely because there are several important online casino bonus terms that new players might not be familiar with. Bonuses provide players with free spins, free money, or free plays to get experience on the site without risking much money. However, there are many terms associated with these bonuses that you might not be familiar with. Without knowing these terms, you will be unable to decipher which bonuses are best for players, and which ones do not provide you with much value. Here we will be looking at some of the most important casino bonus terms for you to learn.
Welcome Bonus
When you are looking at a new site, the first thing you should do is look for a welcome bonus. A welcome bonus is a bonus that is offered to new players when they make a new account. They are usually incentives to get people to register an account. These bonuses give you the opportunity to play on the site without investing your money. However, you can usually expect there to be wagering requirements attached to these bonuses.
No Deposit Bonus
When you are looking for bonuses as a new player, you should be looking for no deposit bonuses. No deposit bonuses do not require that players make a deposit before they claim them. Instead, all you need to do is claim the bonus and the free spins or cash will be credited to your account for you to use. These bonuses are not as common as match deposit bonuses, but they are incredibly valuable. They allow new players to explore new sites without investing any money, and they give you the opportunity to make a profit without taking on any risk.
Match Deposit Bonus
Match deposit bonuses are among the most common bonuses that you will find. As a result, it is one of the most essential casino bonus terms for you to learn. Match deposit bonuses match a percentage of a player's bets up to a certain amount. For example, it is common for players to receive match deposit bonuses on their first few deposits on a new site. On their first deposit, they might receive a 100 percent match deposit of up to $1500. This means that the gaming site will match up to $1500 on their first deposit. However, not all match deposit bonuses are a 100 percent match. You can receive match bonuses of any percentage. So, if you receive a 50 percent match bonus of up to $500, you will need to deposit $1000 to receive the full bonus. These bonuses are great for experienced players as it gives them a little bit of extra money to play with even after playing for a long time.
Wagering Requirements
We mentioned them above, but new players are probably not familiar with wagering requirements. The wagering requirement is one of the most important casino bonus conditions and terms for you to learn. Wagering requirements are restrictions put in place by online casinos on their bonuses. They limit when players can withdraw their winnings by forcing players to wager a certain amount of money before they can make a withdrawal. The amount they need to wager is based on the size of the bonus. For example, if you received a bonus with a $10 value and 30x wagering requirements, you would need to wager $300 before you would be eligible to make a withdrawal. This is obviously not ideal as it significantly reduces your chances of being profitable. However, they are great for casino owners because they make it less likely that players can claim a bonus, hit the jackpot, and walk away without ever depositing any money.
Return to Player Percentage
While wagering requirements are a hindrance to players, there are things you can do to improve your chances of winning. That being said, to implement the best strategies to win, you will need to know what return to player percentage is. Return to player percentage, more commonly known as RTP, refers to the percentage of the time that players make their money back or better on a bet in a given game. There are games with RTPs as high as 97 percent, so you can reliably break even in those games. That being said, games with high RTPs typically have lower payouts. As a result, you need to play games with a high variance if you want to hit the jackpot.
Withdrawal Cap
Another one of the most important casino bonus terms that you will run into is "withdrawal cap." Withdrawal caps limit how much money a player can win with a bonus. It is very common for no deposit bonuses to come with withdrawal caps to ensure that players do not walk away with a massive profit without making a deposit. Your strategy when you are playing with a withdrawal cap will be different than when you are playing without one. When there is a withdrawal cap, you will not benefit as much from hitting a jackpot. As a result, it is better to stick to high RTP games so that you can meet the withdrawal cap without taking on any extra risk.
Improve Your Experience by Learning the Most Relevant Casino Bonus Terms
Now that you have been familiarized with the most essential casino bonus terms, you should be able to improve your experience as a whole. You will have a better idea of what bonuses are offering you, and as a result, you will be able to make better decisions as to which bonuses you should claim. Typically, you should try to look for no deposit bonuses with low wagering requirements and no withdrawal caps as a new player. If you are an experienced player, you will likely claim a lot of match bonuses. However, you should still look for options with low wagering requirements and no withdrawal caps.