Online casinos are a competitive bunch and these days, casino bonuses are the stock-standard method that is used to draw players into registering a player account at real money online casinos. While these bonuses are a great way for casinos to draw in players and increase the playtime between making deposits, it is crucial that players know how to make the most of bonuses at real money online casinos – or else you might just risk losing your winnings!
When it comes to enticing players with bonuses, it is without a doubt the most influential marketing tool that real money online casinos use today. Bonuses are a great way for players to boost their bankroll and many common bonuses are free spins, comp points, deposit match bonuses, and the always welcomed no deposit free chip bonus!
But players need to be switched on when it comes to bonuses as some bonuses might seem too good to be true. And if it seems too perfect, more often than not it is dodgy. While some online casinos prey on the weak with their fake bonuses, there are simple steps you can follow to spot a fake which we have shared here.
How Do Real Money Online Casino Bonuses Work?
In short, a bonus is an incentive or reward that is given to players for playing or completing a request. Brick-and-mortar casinos have bonuses too, but they reward players with complimentary items like meals, rooms, tickets to events, or transfers, as an outcome of players maintaining their membership level.
Online casinos are different in that they reward players upfront as an incentive to get players betting and playing.
While there are a variety of bonuses that players can claim, there are some basic requirements, which are:
- Players need to be over the legal gambling age of their country, state, province or territory.
- Players can’t have held an account with the casino prior to claiming welcome bonuses.
- Players don’t live in one of the casino’s restricted countries and are eligible to play and claim bonuses.
Once a player has claimed a real money online casino bonus and fulfilled any requirements, they are credited with the bonus amount straight to their player account.
Types of Real Money Casino Bonuses
There are a few real money casino bonuses which players are guaranteed to come across when playing at the Australian online casinos we recommend. We have shared a quick overview of each of the most popular casino bonuses below, we even shared some of the best real money casino bonus codes available for Aussies.
Deposit Match Bonus
Deposit match bonuses have stood the test of time and are the most common online casino bonus available. These bonuses generally have huge value and are linked to players making a deposit and being ‘matched’ with a percentage of their deposit amount.
For example, a common bonus promotion that you will find at our recommended list of casinos would be along the lines of “Deposit today and get a 100% deposit bonus up to $1,000.”
What this means is that if a player makes the deposit, the online casino will match their deposit with an amount equal to 100% of the deposit amount i.e. up to a total value of $1,000.
Deposit match bonuses are commonly included in welcome bonuses, which is a promotion that casinos provide new players on their first deposit, and generally include really high bonus amounts. Some even go up to 300%, so your $100 could become $400 just for registering.
No Deposit Bonus
These types of promotions have gained traction over the past few years and are very popular with Aussies.
So, a no deposit bonus is just that, a bonus which requires no deposit at all. All a player needs to do is simply log in and redeem the offer and the casino will credit the bonus to their account.
These bonuses are very common nowadays and you can just about guarantee that you’ll receive one in your email if you haven’t logged in for a while. No deposit bonuses will either be in the shape of a ‘free chip’ a.k.a cold hard cash, or in the shape of some cheeky free spins for the pokies.
With Free Credits you can play a variety of eligible games including slots, keno, certain table games and scratch cards. But you will only be able to withdraw winnings once you have met the casino’s T&C’s.
Cash backs are gaining popularity because players see them as a way to passively earn winnings. Online casinos provide players with a cashback amount on their losses at the end of each week.
Meaning players can win… on their losses!
Cash backs are different everywhere and most Aussie online casinos will offer players an increased amount depending on their rank in the loyalty or rewards program.
Online Casino Bonus Terms and Conditions
Online casinos have a long list of terms and conditions, which are otherwise known as the rules to claiming bonuses, and if players are wanting to make the most of bonuses they need to stick to these rules!
Wagering requirements are the gate that needs to be unlocked before a player can cash out, and this gate can only be opened by wagering your bonus a particular number of times.
It is common for online casinos to have 30 or 35 times wagering requirements. This requirement is also one of the true indicators of value for a bonus.
Basically, it means the player must bet the total amount of their bonus (which is the bonus amount plus the deposit amount) the number of times indicated by the wagering requirements.
Maximum Bet Allowed
Don’t sleep on this one. The maximum bet allowed is the easiest mistake for casino players to make and the cause of most winnings being voided.
The maximum bet is the highest amount that can be bet with bonus cash. It seems straightforward, but players tend to find this the hardest to stick to – likely because grinding through a huge wagering requirement can be hard when you are not able to bet over $5 per spin on the pokies.
Maximum bet amounts vary between online casinos so players must make sure to read the terms and conditions or you will end up having your winnings confiscated.
This is similar to the maximum bet and playing a game which is excluded (even just once) can lead to your winnings being removed. The list of excluded games is easily found in the bonus terms and conditions.
Well, there we have our quick guide to making the most out of your real money online casino bonuses. If you are struggling to find an Aussie casino to play at, be sure to check out our list of recommended casinos first.