You may appreciate freebies from casinos in any form. Cash back, drinks, free spins (online), limo rides, and meals are all great as long as they’re free.
However, you should be more selective in terms of what you consider to be a good deal. This idea is especially true when it comes to standard comps.
By taking a deeper look at the matter, you’ll find that online deposit bonuses are much better than land-based or online comps. I’ll discuss why this is the case below along with the math on deposit bonuses’ vast superiority.
Deposit Bonuses Explained
A deposit bonus rewards you for depositing at an online casino. For example, you might qualify for a 100% match bonus on your first deposit.
Beginning online gamblers sometimes believe that the bonus money is theirs to keep immediately. However, will these offers come with terms and conditions.
You need to satisfy several terms before withdrawing the funds.
Here are common T&Cs behind the average online casino bonus:
Playthrough – Multiple of the bonus that must be wagered (e.g. 40x).
Claiming bonus – You must visit your account and claim a bonus.
Max bet – You can’t wager over a certain amount when earning your bonus.
Game restrictions – Some games don’t qualify for meeting rollover.
Playthrough timeframe – You must meet play through within the allotted days (e.g. 90 days).
Most gaming sites feature reasonable T&Cs. They just want to ensure that you actually play for a bonus rather than running with the money.
Certain casinos, however, have abusive terms and conditions. Therefore, you want to carefully read a casino’s T&Cs before depositing.
How Deposit Bonuses Differ from VIP Rewards
A deposit bonus differs from loyalty rewards in the following ways:
It’s only available at online casinos.
It’s delivered in a lump sum rather than gradually.
You receive loyalty rewards gradually as you play casino games. For example, you may be comped on 0.1% of your slots play.
Deposit bonuses, on the other hand, are only beneficial once you’ve satisfied the T&Cs. Assuming you violate a single term, then you won’t receive any money from odds.
Deposit Bonuses Are More Valuable
Deposit offers may seem inferior when considering the last point. After all, you don’t have to worry about meeting T&Cs just to earn comps.
However, these bonuses are worth much more than loyalty perks when you go through the math on them.
Here’s a comparison to explain the differences:
A casino features a 100% match bonus worth up to $1,000.
You deposit $500 and now qualify for a $500 offer.
Wagering requirements are 40x on slots.
500 x 40 = $20,000 must be wagered
You meet play through and earn a $500 bonus.
An online casino offers a 0.1% comp rate on your slots play.
You wager $20,000.
20,000 x 0.001 = $20 in rewards
500 / 20 = 25
The deposit bonus is 25x more valuable than the rewards.
If I’m not suggesting that you forsake comps. After all, these freebies offer you something extra for playing casino games.
Assuming you want to maximize your bonus opportunities, though, then you should focus on deposit bonuses. These deals aren’t always worth 25x what VIP benefits are, but it’s they’re almost always more valuable.
What Other Valuable Online Casino Bonuses Can You Earn?
Deposit bonuses aren’t the only quality offers you can find at gaming sites. Below, you’ll see other deals that are worth pursuing at Internet casinos.
A sticky bonus is a different type of deposit offer than the one explained before. Rather than receiving the exact value of the bonus, you only collect winnings earned through the bonus.
Here’s an example:
A casino offers a 400% match bonus worth up to $2,000.
You deposit $100 and qualify for a $400 offer.
Play through is 50x.
400 x 50 = $20,000 must be wagered
You satisfy play through and wind up with $430.
You can cash out the $30 in winnings.
Sticky bonuses look impressive in comparison to deposit offers thanks to their high match percentage and large value. Again, though, you’re only playing for winnings and not the actual bonus value.
Furthermore, casinos cap what you can win from these deals. In most cases, you can only cash out $200 or less.
No Deposit Bonus
A no deposit bonus doesn’t require that you deposit at an internet casino. Instead, it becomes available as soon as you complete account registration.
These bonuses aren’t usually very large. After all, the casino is giving you an opportunity to win free money. Nevertheless, they can be worthwhile deals if you’re trying to build a bankroll.
Here’s an example on how a no deposit bonus works:
You receive a $10 no deposit offer.
Play through is 60x.
60 x 10 = $600 must be wagered
You meet wagering requirements with $15 left.
You can cash out the full $15.
Free spins can either come in the form of a no deposit bonus or as part of a deposit deal. In either case, you receive free slots spins that can be used to generate winnings.
Here’s an example:
You receive 50 free spins.
You earn $5 with your free spins.
You can withdraw $5 upon meeting terms and conditions.
Free Live Bet
Some live dealer casinos give you free bets for baccarat, blackjack, roulette, or other games. For example, you might receive a $25 free wager after making a deposit.
These offers allow you to win back potential losses. Assuming you lose, then you can get the $25 (or whatever value) back after satisfying T&Cs.
Here’s an example:
You receive a $25 free wager.
You lose your first bet.
Play through is 20x.
25 x 20 = $500 must be wagered
You receive $25 back upon meeting play through.
How Do You Get Started with Online Casino Bonuses?
Step 1: Register for an Account
No casino offers you online bonuses if you’re not registered. Therefore, you must complete account registration before doing anything else.
This simple process requires entering your name, email, phone number, username, password, and home address. You may be asked for a few additional details beyond this.
Once you’re finished, you submit the account for approval. The casino should accept you as a member instantly.
Step 2: Look for a Banking Option
Casinos offer a variety of banking options so that you’ll have little trouble depositing. Nevertheless, you should ensure that a gaming site offers at least one deposit method you can use.
Credit cards are a very popular way to deposit. However, you can also use bank transfers, cryptocurrencies, e-wallets, and prepaid cards across the industry.
Step 3: Place a Deposit
Once you settle on a banking method, you need to initiate the deposit. This process requires entering how much you want to fund your account with.
Many banking options see funds delivered instantly to your account. However, certain options take longer than others to process.
Step 4: Enter the Appropriate Bonus Code (If Required)
Some casinos require bonus codes so that they can differentiate between offers. These codes let the casino know that you’re going for a deposit offer over free spins, for example.
Assuming a bonus code is required, you need to enter it upon making your deposit. The deposit form will clearly mark the field where you must input the code.
Step 5: Earn Your Bonus
Again, you must satisfy terms and conditions before withdrawing a bonus. You should read the T&Cs well in advance of placing a deposit.
Some casinos are friendlier than others when it comes to their terms. You definitely want to choose casinos that offer the fairest deals possible.
Gaming sites don’t always make it easy for you to earn deposit bonuses. However, you’ll find that these deals are typically better than focusing on comps alone.
The main reason why deposit bonuses rule is that they’re more valuable. You can refer back to the earlier example that shows one deal being worth 25x more than online casino VIP rewards.
Of course, I’m not suggesting that you should totally ignore comps. Many online casinos offer both perks alongside each other.
But if you’re looking to get the most free cash possible through gambling, then you can’t overlook deposit offers. They’re typically the best deals that you’ll find in gaming.
You can also take advantage of other great deals at internet casinos. Free spins, no deposit bonuses, sticky bonuses, and free bets are each worthwhile offers.
Before chasing any deal, though, you should thoroughly vet the T&Cs. The terms separate great deposit offers from average ones.
Michael Stevens has been researching and writing topics involving the gambling industry for well over a decade now and is considered an expert on all things casino and sports betting. Michael has been writing for GamblingSites.org since early 2016. ...
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