How to Make Money from Online Casino Bonuses

Online casinos offer both fun games to keep you happy and opportunities to make money. Nonetheless, it is vital to learn methods that can help you maximize your earnings by playing on the platform. This guarantees that you can earn money while having fun with online gambling.

Casinos are always running promotions on the websites to keep existing players depositing and wagering while attracting new players to their fold. All bonuses that enable players to earn some cash are called real money casino bonuses. If you pick the right offers, you can make some good cash from your efforts.  

However, if you pick an offer where you are not the right fit, you may lose your cash to get pinned down on a site you do not really enjoy using. This article provides you with the information you need to select the right offers at your favorite casino and play them to make money with an online casino.

How Do Bonuses Work?

Once you activate a bonus, you can use it on the selected games. Most casinos will only show you the bonus once you have opened the specific game title that carries the bonus. You should go through the terms and conditions and understand them well to make some money from the bonuses.

What are the Most Common Casino Bonuses?

We have listed the most common bonuses that you will find on online casinos triggered by any of the three triggers mentioned above. Understanding each bonus helps you use it appropriately to make some money at the casino. Go through the list and check what bonuses are available at your favorite casino.

No Deposit Bonus

Just as this name suggests, the no deposit bonus is an offer that does not require you to deposit to start using it. In most cases, it is triggered by becoming a member of the casino in question. Once you are done sign up, the casino credits you some cash bonus, free bet, or some free spins no deposit. The no deposit bonus is usually small, but you can use it immediately. Once you are done with the wagering requirements, the wins you made are moved to your cash balance. Be sure to check for any no deposit bonus codes when opting into the bonus. 

Welcome Bonus

The welcome bonus is an offer that players get on making the first deposit at the casino. In most cases, the casino matches the bonus amount with an equivalent bonus, or the bonus is equal to a particular percentage of the amount you deposited. 

Here is an example. If you got a 100% deposit bonus and deposited $100, you would have $100 added to your account as a bonus. Some casinos also add some free spins to your account along with the cash bonus or offer the free spins alone. 

Reload Bonus

A reload bonus is any bonus you get on making a deposit in your account (except the first deposit). Most casinos will have lower match rates for this bonus. However, it usually has lighter terms and pays more in the long term. Most casinos will offer reload bonuses on particular days of the week.

Free Spins Bonus

Free spins are free rounds on a particular slot game or games. This offer may be part of the no deposit offer, welcome bonus, or reload bonus. Sometimes there are in-game free spins, which are triggered by landing particular symbol combinations. Each spin carries a specific value, which becomes the value of your wager.

Cashback Bonus

 A cashback bonus is a bonus where you receive a percentage of the money you lost when wagering different games. The average refund rate is usually between 10% and 25%. This bonus usually has few wagering requirements or none. 

Free Bets

Free bets, such as free slots, are offers to play a particular title or a set of titles for a given period without using your cash balance. The offer is similar to that of the free spins bonus, only that you have unlimited spins or rounds within a given period. You need to have enough time when activating this bonus so that you are able to maximize the opportunity to make some cash.

How Do You Choose the Right Bonus?

Now that you know some of the popular bonuses at the casino, how do you choose the right one to make some money? Here are some tips on things you should consider when selecting the bonus to use at the casino.

Read the Terms and Conditions

Each bonus comes with particular requirements that you must meet before your winnings can be transferred to the cash bonus. These terms may include everything from the number of times you should wager the bonus to maximum bet amounts and the bonus validity.

Bonuses with very high wagering requirements and very short validity may not be profitable. Seek the help of customer service for any terms that you do not understand. Fortunately, some no wagering casinos allow you to keep your bonus winnings like other real money games.

Check the Minimal and Maximum Deposit

All deposit-based bonuses have a minimum amount that you should deposit to trigger the bonus. There is also the maximum bonus no matter how much more you deposit (although casinos do not tell you the maximum deposit). If you wish to maximize the bonus, calculate the amount that gives you the maximum bonus. Here is an example. If a casino is giving you 100% match for your deposit up to 100%, it means you need to deposit $100 to get the full bonus. If the match rate is 50%, you have to deposit $200 to get the maximum bonus.

Check allowed Titles

Most free spins offers are only available for particular titles. It does not hurt to visit the casino before triggering the bonus and trying the said titles free (unless the bonus is to be used in the live casino). If they are titles you like, you can activate the bonus and play.

On the other hand, the casino may limit the titles you can play to fulfill the wagering requirement. Where you have various choices, pick lower risk casino games that do not contribute less than 50% to the wagering requirement. This increases the chances you will make some cash by the time you complete the terms and conditions.

Withdrawal Caps

A bonus can have high bonuses and low wagering terms but has a low withdrawal limit. The withdrawal limit means that you cannot withdraw amounts higher than the indicated one, even if you win more. This may be a serious limiting factor to making good money from the bonus.

Strategy and Bankroll Management

On the other hand, you should limit the amount of cash you are willing to spend on online pokies. There should be a limit to how much you can spend at a particular period. This helps prevent hemorrhaging your finances and locks in your winnings.