Online casino bonuses are available with almost every reputable gambling site. So how do they work? Well that depends on the type of bonus. As there are a variety of bonuses with different rewards, we’ll break down what a casino bonus is and what each one consists of below.

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What is a Casino Bonus?

Online casino bonuses are categorised by the method in which bonuses are awarded, the type of bonus offered and the terms and conditions that govern the promotion. Some online Australian casino bonuses require no payment. Instead, they may consider how often players punt or if new customers are referred to the site. The main types of bonuses are no-deposit and deposit bonuses. However, loyalty bonuses and VIP programs are also very popular.

It’s important that you remember that each casino has different terms and conditions so read them thoroughly so you don’t miss any requirements or clauses. Also check out reputable casino review pages like Top Australian Gambling to find out which online casinos are the safest, reward the highest bonuses and have easy playthrough rates.

When you’ve found the best casino for you, look through their ‘promotions’ section to see the details of each bonus. The value of a bonus is more so about how well informed you are as a player so you can maximise your winnings at whichever casino you decide to play at.

Welcome Bonuses

A welcome bonus, sometimes known as a first deposit bonus, usually consists of the casino matching a percentage of your first deposit. For instance, if the bonus is a 200% welcome bonus up to $2,000, the casino will match what you deposit, up to a total of $2,000. Welcome bonuses are for new customers registering an online account and they reward players extra real money and free chips to help boost their bankroll. You can find out more about how bonuses are calculated further down.

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Deposit Bonuses

A deposit casino bonus offers to extend to both new players and existing players. It is available when you make a payment into your account. You need to fulfill the bonus rules attached to claim winnings from it.

Many Australian casinos will split their online casino deposit bonus over multiple player deposits. Allowing players to get the most out of their original deposit and subsequent deposits, too. You’ll find offers ranging from 25% to 300%, and sometimes even more.

No Deposit Bonus Codes

This kind of bonus is quite rare but if you come across one then great. Some casinos reward players with free money without requiring a deposit from them. Whether it be free spins or casino chips, casinos usually limit the type of no-deposit bonuses to certain rewards (not those of a very high value). It’s possible that some casinos may ask you to make a deposit if you want to withdraw your winnings you made on a bonus.

Cashback and No-Cashback Bonuses

This bonus is relatively straight forward. Once you’ve met certain conditions that an online casino has made you are now able to cash out. For instance, a casino could give you a $200 cashable bonus, so as soon as you’ve completed certain requirements, you can cash this $200 out.

Unlike a cashable bonus, a non-cashable bonus cannot be cashed out. You are given a bonus to use by the casino where you can cash out any winnings that made, but not the original amount rewarded.

Best Bitcoin Welcome Bonus

Bitcoin is a deposit option made available by many online casinos and with that casinos offer its players Bitcoin or cryptocurrency that any player can enjoy and play with anonymity.

Reload Bonuses

Aimed at players that return to play again. Casinos reward players that have already signed up by matching a deposit they make to a certain amount. This incentive encourages players to return to a particular casino and it’s great because it’s not a one-time bonus like many other bonuses are

Bonus Code

Not all bonuses require a code. This is generally stated clearly on all online casinos whether a bonus code is required or not.

 

Free Spins

This very popular bonus is one that almost all online casinos offer. Players are rewarded a certain amount of free spins for slot games. It’s likely that the bonus could be limited to particular games. Normally, casinos offer many spins, sometimes into the hundreds across a players first 1 to 10 games.

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VIP and Loyalty Programs

Loyalty bonuses are great for frequent players. The more you play the more you earn rewards. Although similar, a VIP program works more through a tiered system where players are rewarded depending on which ‘level’ they have reached.

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Referral Bonus

This kind of bonus is great because a player who has family and friends who are avid online casino players as well can also take advantage. It’s as easy a friend signing up to a casino through your link and then you receive your reward for this referral.

High Roller Bonuses

Just like in a land-based casino, some players are always going to want to wager more money than others and chase larger jackpots. Those that frequently punt or punt particularly large sums during a single session are commonly referred to as high rollers or whales.

High rollers traditionally receive preferential treatment and part of that is getting things for free. These big spenders are also likely to be able to claim bonuses and promotions that aren’t designed for your average online casino player.

Top 5 Casinos with the Best Bonuses

Casino Match % Free Spins
Wild Card City 100% up to $5000 Up to 75
King Johnnie 40-100% up to $6000 Up to 200
Golden Crown 100% up to $10,000 100
Wolf Winner 80-125% up to $5500 125
Bizzo Casino 100% up to $400 150

Calculating the Value of Bonuses

The value of a bonus voucher depends on how much a player wages or deposits over time at a particular online casino. Finding the best way to take advantage of your bonus is a great way to increase what you win in online casinos. But how do you calculate the value of a bonus?

Well first it’s important that you remember that each casino has different terms and conditions so read them thoroughly so you don’t miss any requirements or clauses. Also check out reputable casino review pages like Top Australian Gambling to find out which online casinos are the safest, reward the highest bonuses and have easy playthrough rates.

When you’ve found the best casino for you, look through their ‘promotions’ section to see the details of each bonus. The value of a bonus is more so about how well informed you are as a player so you can maximise your winnings at whichever casino you decide

Casino Bonuses Terms and Conditions

The most important feature of the majority of promotions is how players get their bonus money into their pockets. All of the bonuses we have discussed above have wagering requirements and contribution rates linked to them, and players must know what they are when claiming a bonus.

Wagering Requirements

Here is a little more about what wagering requirements consist of.

  • Wagering requirements are mostly used to decipher when a player can withdraw any winnings accrued from using their bonuses.
  • A wagering requirement is the total dollar amount of bets a player must make before they can withdraw any bonus rewards.
  • The way wagering requirement works is you need to bet your bonus a certain number of times before the casino deems it to be your money. For example, if the wagering requirements is 30x then you need to bet the amount of the bonus 30 times before you can cash out your winnings.

An example of how a wagering requirement works would be if a player receives a bonus of $200. However, to get the benefits of the bonus you must complete a play through 25 times and you must bet $1500 before you withdraw your winnings.

Another possible scenario could be if the terms state “deposit + bonus”. This means the deposit and requirement amount are added together. So, if a player’s deposit is $25, add that $25 to the $200 bonus to make it $225. Multiply that by 25 to get $5,625, which is the wagering requirement. The deposit + bonus requirement is harder to go through. Take this into consideration when choosing an online casino. Again, the terms and conditions for each online casino are a must read to make sure you get the best out of your chosen bonus.

Contribution Rates

Contribution rates are a crucial part of online casinos. Table games are normally lower than online slots which have a much higher contribution rate scale. The majority of casinos accept 100% of a slot wager towards the requirement. When an online roulette wager is made for example, only 15% of that will be used towards the requirement. Some games, like live dealer casino games, might not help towards clearing the casino bonus whatsoever.

We advise that you check the games eligibility before playing. Online casinos vary in terms of contribution rates, so players must read the bonus terms and conditions provided by all online casinos carefully to make sure you understand the bonus before continuing.

Casino Bonus Terms and Conditions written on a wall

How to Pick a Casino Bonus

There are a variety of online casino bonuses out there. So, it’s understandable that you may not know where to start if you are trying to decide what is the best online casino bonus for you.

The tips below will help you get one step closer to choosing the best online casino bonus for you. Players should consider these when choosing a casino bonus:

  • There are a variety of bonuses suited to different players. Check out ‘Types of Casino Bonuses’ for more details.
  • Each bonus has different rules and conditions. Of course, some are more attractive than others. Make sure you understand very well which each bonus requires.
  • Along with being good for certain players many bonuses are only compatible with a particular type of game. It’s important to choose games that fit your playing habits.

 

Casino Bonuses FAQs

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