By John Smith on Saturday, 01 May 2021
Category: European Union

Different Types of Online Casino Bonuses & How to Use Them

In Sweden, the Swedish Gambling Authority licences and regulates gambling. There have been heavy restrictions to gambling in Sweden. At the beginning of 2019, Sweden authorised new laws ending the state monopoly on gambling. Before 2019, only Svenska Spel could offer online gambling to Swedish citizens. The restrictions are in place to help protect people, especially those who have gambling problems. However, some Swedes feel like the government is overstepping their bounds.

Some of the restrictions are: only welcome bonuses can be offered, a limited amount of money can be deposited, and a three-second pause between spins on slot machines. These restrictions may put you off because you may not have gambling problems. You don't have to gamble at a casino with a Swedish licence, though. Check out casino bonus utan insättning to find one that works for you.

Today, we'll be talking about the different types of bonuses and how to use them. We've researched for you with the help of Carlos Norberg, an experienced writer and reviewer in the gaming industry. He put this list together, so you don't have to hunt for this information.

Types of Bonuses

Online casinos offer bonuses to attract new and returning players. These bonuses help boost your bankroll, and some of them allow you to try games without using any of your own money.

Welcome Bonus

You will see this bonus with most casinos. The welcome bonus is usually a mix of a deposit bonus and free spins. However, it may be one or the other. It all depends on the casino. The welcome bonus is for new players registering with the casino for the first time.

Deposit Bonus

The deposit bonus, sometimes called a payment bonus, can give you a match percentage or even free spins. It can be part of a promotional campaign.

No Deposit Bonus

The no deposit bonus is where you don't have to deposit money to receive it.

Free Spins

Free spins are a favourite bonus for slot lovers. You will typically get them in batches of 20, 30, 50 or over 100. This bonus can be found for a specific slot machine or slots from a particular provider.

Loyalty (VIP) Bonuses

If you are a regular at an online casino, you may get invited into a VIP club or a loyalty program. With some casinos, you will be automatically enrolled in their loyalty program with your first wager. When you're a member of a loyalty program or VIP club, you will get bigger and better bonuses, which may include a monthly bonus.

Cashback Bonuses

When you're gambling, there is a chance of winning money, but there's also the chance of losing money. Some casinos provide cashback bonuses to help you cover your losses. Casinos will usually offer these as a daily, weekly, or monthly bonus.

Reload Bonuses

Reload bonuses are similar to deposit bonuses. These bonuses are for players who have made deposits at the casino before. So, new players can't receive them.

Referral Bonuses

Some casinos have a Refer a Friend Casino Bonus. You receive this referral bonus when you introduce a new player to the casino.

High Roller Casino Bonuses

The High Roller Casino Bonuses are for players who like playing high stakes games. High rollers like to make huge deposits and make high bets, and casinos will reward them.

How to Use the Bonuses

Now that we have covered what kind of bonuses casinos offer you, let's dig into how you use them. You should read the terms and conditions for all bonuses you receive.

Most of the bonuses will require you to meet a wagering requirement. When deciding to grab a bonus, consider the house edge, the maximum withdrawal limit, and the game weighting.

Wagering Requirement

Casinos will tell you that you have to meet a wagering requirement before you can withdraw your winnings. You have to wager the bonus a certain number of times before you can claim it. The wagering requirement amount will depend on the casino. 20x to 40x is common.

House Edge

Knowing the house edge of the game you want to play is important. It's how casinos make money and can range from 1% to 50%. In games where you play against other players, the house edge is lower. Slot machines usually have the higher house edge.

Maximum Withdrawal Limit

Casinos set withdrawal limits for the day, week, and month. The amount will vary with each casino.

Game Weighting

The game weight is the amount that the game contributes to the total wagering requirement. So, if a game contributes 50% to the wagering requirement, you must wager 2x on that game.

Conclusion

Bonuses from casinos are fantastic to receive. Just be sure to read the terms and conditions before accepting them.

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