There are many different types of casino and sports offers and promotions available online, each will have different terms so it’s important to understand these differences so you can use them as effectively as possible. These offers could be available for first time use of a casino or could be offers that are available for existing customers as well.
These are offers that you can get without have any financial risk. These types of offers are most commonly used as a welcome bonus to attract you to sign up and use a casino for the first time.
Often this will consist of signing up to a casino and getting x number of free spins. Most commonly once you have used all these free spins you will need to complete a wagering requirement before the free spins winnings are turned into withdrawable cash. Be sure to check the terms and conditions for how many times you have to rollover the bonus winnings!
Similar to the risk-free spins, except this will require you to bet a certain amount of cash before you get credited the free spins. For example, it could be bet £20 and get 20 free spins. The winnings from the free spins could go into bonus money and have a rollover requirement or it could go into cash, remember to check the terms first!
Similar to wagering for free spins, except the reward could be bonus money that then has a rollover requirement. You would need to bet a certain amount on casino games to be rewarded a casino bonus. For example, bet £200 on blackjack and get £100 bonus that has to be rolled over 30 times. In order for that £100 bonus to become withdrawable cash you would need to bet £100 x 30 = £3000. Occasionally the offer may credit the bonus as cash so you don’t have wagering requirements, you could leave the money in the account for more betting or withdraw the cash straight away.
A common offer is a matched casino bonus, the casino will credit a bonus to your account based on your deposit, most commonly this would be a 100% matched bonus for example deposit £200 get a £200 bonus. Again, before you can withdraw this will have a number of terms attached involving the wagering of the bonus before the bonus becomes withdrawable cash. Normally you can withdraw the cash portion of your balance at any time but you would forfeit the remaining bonus money in your account.
Many online bookmakers will offer new customers a free bet offer. Normally this consists of placing a bet of a certain amount to get a free bet to the same stake. Again, as with the casinos, these offers will have various terms and conditions which could involve minimum/maximum odds, rollover amounts etc so be sure to check the terms so you don’t get caught out!