Casino players who enjoy online gambling are likely familiar with casino bonuses & codes. Many online casinos in Canada and worldwide provide generous bonuses to new and existing customers to enjoy their favourite games. Some offers may require the players to use codes before claiming, while others may not. But did you know you can maximize these bonuses and convert them into real money? This article outlines the steps to achieve that.
How Casino Bonus Works
Regarding casino bonuses, there are two major categories, and they are cashable and sticky bonuses. Cashable bonuses are the most basic types of incentives. After meeting the wagering requirements, you may withdraw the bonus cash and any winnings you have earned from it.
Sticky bonuses are the opposite of cashable bonuses. They are not withdrawable but are intended to let you play with more money, boosting your chances of winning. You may withdraw any profits after meeting the wagering conditions but not the bonus amount.
How to Maximise Your Bonus
Maximizing your casino bonus can be the key to profit when gambling online. With a few simple steps, you can make sure you’re getting the most out of your bonus offers. By doing so, you can make informed decisions about how to use the bonus funds to increase your chances of winning. The following five steps will assist you in increasing your chances of winning real money with casino bonuses.
Select a Reputable Online Casino
What’s online gambling without a secure and trusted casino that can offer attractive bonuses? Your priority when you want to begin online gambling is to pick a legitimate casino. Top-rated Canadian casinos are regulated by recognized authorities such as Curaçao eGaming, Malta Gaming Authority, Kahnawake Gaming Commission, and UK Gambling Commission.
These bodies ensure that players’ personal and financial information is kept safe. They also monitor the fairness of games and ensure that winnings are paid out as they should.
Understand Wagering Requirements
The terms and conditions attached to casino offers are wagering requirements or playthrough. This term is usually connected to bonuses, varying depending on the bonus type and the casino. Therefore, you must understand it before taking advantage of bonuses. Simply put, wagering requirements refer to the number of times gamblers must bet their bonus amount before they can cash out any profit.
Remember that wagering requirements might be challenging to satisfy, mainly if set excessively high. Consider bonuses with lower wagering requirements to enhance your chances of fulfilling the conditions and withdrawing your earnings.
Choose Games With Low / Medium Payouts
Mainly, online casinos provide bonuses such as free spins for online slots. Slot machines are usually recommended for casino players because they are lucrative. They also have different payouts, despite having similar odds of winning. The main advantage of low payout slots is that they do not require a heavy financial investment, unlike high payout slots.
Every player at an online casino wants to win the jackpot and maximize their earnings. However, that desire could end up costing you a lot of money. Even though high-paying slots can increase earnings, the loss can also be significant. Therefore, you should maximize your bonus by choosing games with small payouts, which can accumulate to become substantial profits.
Select the Most Profitable Payouts
There is a wide variety of casino bonuses, each with its uniqueness. Some offer more value to players, so you must understand what you’re getting before you claim any offer. Canadian players looking to increase their chances of winning can always benefit from the two main casino incentives: welcome and no deposit bonuses.
Gaming sites use a welcome bonus to welcome new customers who register on their websites. A player gets it after making an initial deposit. The incentive can come as cash or free spins to try out specific games.
The no deposit bonus does not require casino players to deposit any amount. No deposit bonus may come as cash or free spins for players to gamble. However, many gambling sites may still require that a certain amount is deposited or wagered before winnings can be withdrawn.
Learn the Games’ Strategies
Most casino games require a combination of skills, strategies and luck. This is why you shouldn’t start playing games without foreknowledge of what it entails. Don’t just focus on claiming the bonuses offered. You’ll eventually have to continue playing after using up your rewards unless you are no longer interested in gambling.
Table games like blackjack and baccarat require strategies to succeed. Before you participate in them, do your research to know about their rules and what you need to avoid. Once you have the required skills, you can increase your odds of winning and effectively manage your bankroll.
Pros and Cons of Casino Bonuses
Every player desires gambling incentives and rewards due to the many advantages that come with them. However, like everything else, it is also essential to mention that gaming incentives have a few drawbacks. The pros and cons of casino rewards are discussed in the table below:
|Increases odds of winning||Maximum winnings may be too low|
|Offers opportunities to try new casino options||Often met with high wagering requirements|
|Reduces financial risks|
Online casinos are entertainment hubs for many individuals. Technology advancements have also contributed to the development of new thrilling games, making the gambling industry one of the most profitable. But, while casino games may be enjoyable and worthwhile, gambling can always lead to addiction. Gambling addiction affects mental health and can cause financial bankruptcy for the addicted player.
To prevent gambling addiction, the following tips can be beneficial:
- Have a budget and stick to it;
- Be satisfied with small winnings;
- Start with free games;
- Take regular breaks;
- Read valuable resources provided by the Responsible Gambling Commission (RGC).
Online casino bonuses allow players to boost their winnings, spend less, and try out exciting casino games. Most importantly, they can be a means for players to make good bucks if used wisely. While bonuses do not guarantee frequent winnings, they can still help to manage bankroll effectively.
The tips discussed in this article will assist you in turning your bonus into real cash. However, betting should not be considered a way to make money rapidly. This is why you should gamble responsibly and know when to stop. Also, ensure you read the terms and conditions of each platform before you claim a bonus to see what you’re getting.
How do I calculate the wagering requirements of a bonus?
To determine the wagering requirements, multiply the bonus amount by the number of playthroughs. For example, if an online casino gives you a CA$100 bonus with a 30x playthrough, you must wager CA$3,000 before you can withdraw any winnings.
What casino games can I play with my casino bonus?
Different casino sites allow players to play certain games with rewards and promotions. Usually, the free spins or cash offered may be available for slot games. You should read the terms and conditions of your preferred casino to know the ones you can play.
What is the maximum amount I can win with my bonus?
It depends on the online casino. Most gambling sites offer small amounts as the maximum players can get with a bonus. Also, you may be required to make a deposit or wager if the reward is a no-deposit.