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The one thing that distinguishes online casinos from their offline rivals is the bonuses they offer. And it’s not just deposit bonuses either. There is a host of different bonus types being offered by online casinos.
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Here we take a look at the bonuses you can expect;
Deposit bonus
As its name indicates, a deposit bonus is paid when you make a deposit. It’s to give you some extra free cash to play with by way of a thank you. It is instantly added to your balance at the time of your deposit. Either it is added automatically by the casino, or you enter the bonus code you are given. Sometimes a member of the casino team may give you the bonus.
Typically, a deposit bonus is a percentage of what you pay in, but it can also be a set amount.
For example, say the deposit bonus is set at 100%. When you add your deposit, the casino will match it. So, if you pay in £100, the casino stumps up another £100 to match it. You then have a starting balance of £200 to play with.
Less common is the set amount deposit bonus. If, say this is £50, if you deposit £100, you will have £150. Or £250 if you deposit £200.
Welcome bonus
Distinct from the deposit is the welcome bonus. These are a golden hello to new players pitching up at an online casino for the first time and making a deposit. Casinos regard welcome bonuses as an easy and effective way to attract new players. And new clients are pretty happy about the little extra balance boost they receive as a consequence.
As new online casinos are continually appearing and fighting to get noticed in the crowd, the welcome bonuses on offer are getting bigger and better all the time. Often the welcome bonus is just one part of a whole raft of promotional offers available to new users.
A welcome bonus is similar to a deposit bonus, but sometimes also includes free spins. As competition for new users is intense, welcome bonuses are growing higher and higher. It’s not uncommon for welcome bonuses to be significantly higher than deposit bonuses.
Here are some typical examples of the kind of welcome bonus to expect when you open an account.
- 200% bonus on your first deposit plus 50 free spins to a value of £1000.
But many casinos extend their welcome bonuses to include more than the first deposit. Typically, this type of extended scheme can look something like this:
1st deposit – 400% deposit bonus up to £1000 plus 50 free spins
2nd deposit – 100% deposit bonus up to £1000 plus 30 free spins
3rd deposit – 200% deposit bonus up to £1000 plus 20 free spins
A welcome package like this example above means you can claim bonuses on up to £3000 and get extra 100 free spins into the bargain.
Sign up or free bonuses
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Another variation on the bonus theme is free or sign up bonuses which are also applied by some casinos when you open an account. These free bonuses are designed to help new users try out the various games and get a feel for the casino platform. However, free lunches and all that, there are catches. Usually, the bonuses are relatively modest in comparison and have high wagering requirements and maximum withdrawals.
Cashbacks
These types of bonus are generally reserved for loyal existing players, not new players.
How it works is that you claw back cash when you have a loss. It’s a good way for online casinos to retain customers and is available for UK players in non-GAMSTOP casinos.
The percentage offered will be less than that applied to deposit bonuses. However, the wagering requirements are relatively low.
For instance, say your casino is offering 10% cashback. If you lose £100, you can claim back £10 of your losses.
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What are the wagering requirements?
Deposit and welcome bonuses will typically come with terms and conditions regarding how much you can bet with. A wager is another term for a bet.
Typically, the requirement will be that you have to play a certain number of times using the bonus prior to being able to withdraw your winnings.
Wagering requirements vary depending on the bonus type. It can be as just once, or no wagering requirement is applied. However, this is usually reserved for VIP cashback.
For UK players using a non-GAMSTOP casino, the standard wagering requirement on deposit or high welcome bonuses is x 30.
Suppose you receive a £100 deposit bonus. The wagering calculation will be £100 x 30 = £3000. This means you will need to wager £3000 before you can withdraw winnings.
However, the casino may use your deposit plus the bonus in their wagering calculations. For example, say you deposited £20 and received £100. The wagering would be worked out as: £20 (deposit) + £100 (bonus) x 30 = £3600.
Who offers the best online casino deposit bonus?
Finding the best deposits available is a laborious and time-consuming task. However, here at JustUK, we have done the work for you. We have reviewed and ranked all the best online casinos. We have scrutinised them all and reviewed them for deposit bonuses and the whole gamut of their services. We have looked at every sector to bring you the very best of online gambling, be it slots, bingo, or traditional table games.
You can be certain all the online sites you see on Just UK have passed our stringent review criteria. We, therefore, have no hesitation in recommending all the sites we feature on JustUK. They have passed all our quality assurance tests with flying colours.
Which online casino not on gamstop offers the best payouts?
We reckon it is these sites as follows:
#1 Agent Spins, 95.01%
#2 Fortune Clock Casino, 92.49%
#3 4 Crowns Casino, 95.00%