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We Guide you to Casino Bonuses
Welcome to the exciting world of casino bonuses! It can get pretty confusing out there, but with a little bit of prep, you’ll be navigating through the lists of bonuses like a pro in no time. So let’s get started.
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What types of casino bonuses are out there?
There are all sorts of bonuses and promotions out there that will get you free casino money. Here’s a few: welcome bonuses, no-deposit bonuses, monthly and reload bonuses, VIP and high roller casino bonuses, refer a friend casino bonus. There are deals running on certain games, bonuses connected to payment options, and lots more. These are generally available to new players who sign up for real money accounts.
Which bonus is best for me?
So, let’s say you’re keen to try out a few slots, and a bonus promotion seems like a nice way to start. You find a casino you think looks dope, you sign up, and you get awarded with a sweet no-deposit bonus of $15. Great! You’ll then want to know whether that bonus can only be wagered on slots, or whether it includes table games too. The next thing a wise player (that’s you!) wants to do is check the wagering requirements. Oftentimes, bonus cash will need to be wagered a number of times before it can be cashed. So keep that in mind.
OK, here’s the truth: it depends! Different bonuses suit different players, so it all comes down to your playing style. How much do you usually deposit? What games are you interested in playing? Know your answers to those questions, and you’ll be well on your way to discovering the casino bonus that best fits you.
Virtually every casino offers some kind of deal to get you to choose them over the competition. There’s a lot of casinos out there, and that means a lot of bonuses. Confused about which one to pick? Don’t be. There’s no need to consult your magic 8 ball – a more effective (read sane) method of choosing exists. We’ve prepared a guide to show you how to find the perfect bonus. So read on to get clued up on the subject.
There’s a few common types of welcome bonuses that you should be aware of when choosing a welcome bonus.
The New Player Offer – Deposit Bonuses and Welcome Packages
The casino bonus is a common bonus package that you’ll often see buzzing around on casino pages. Here’s an example of how it works – you make your first deposit at an online casino, and the casino provides you with a 100% match deposit, which means that for every pound you deposit, you get the same amount rewarded in extra funds. The percentage of the welcome offer varies. It could be anything: 50%, 100%, or even 300%.
But, when it comes to casino bonuses, the sky is, sadly, not the limit. The bonus is often capped somewhere much lower than that – so let’s say you accept a 100% bonus which is capped at $200; that means that no matter how much you deposit, the most you’re going to get is $200. Still, that’s pretty decent I’d say. But that’s just me – if you’ve got dollar signs where your eyeballs should be, and you plan on making bets that are far more than $200, then you’d be better off looking for offers which guarantee a better percentage return on your winnings.
Oftentimes, the welcome offer is spread over numerous deposits. Here’s an example:
“$1000 maximum bonus cash return spread across three deposits!
First deposit: 150% up to $250; second deposit: 50% up to $250; third deposit: 100% up to $500.”
The maximum amount of bonus extra cash to be gained, across all three deposits, is $1000. If you plan on making multiple deposits, and this is not just a one-time thing for you, then this type of Bonus offers you good value for your money. It’s elementary, my dear Watson!
There’s quite a few variations of Deposit Bonuses. Here’s a few of the main ones:
Cashable Bonus: a percentage match bonus with wagering requirements. “Cashable” means that you can cash out the bonus amount (after completing the wagering requirement). The wagering requirement applies to both the bonus amount and the deposit.
Package Bonus: a large number of various bonuses with wagering requirements on the bonus amount and the deposit. Package bonuses involve multiple types of percentage match bonuses and often involves free spins, free play and free cash bonuses.
Exclusive Bonus: Exclusive bonus means a negotiated special bonuses for visitors directly with the online casinos.
Cashback/Cashback Bonus: real cash given back to players. This can take various forms – it could have wagering requirements, but not necessarily. Often it forms part of a casino’s loyalty program.
VIP Bonus: a bonus tailored for so-called VIPs (players who wager large amounts of money). Matched percentage of the player’s deposit, exclusive free gifts, cash back and various other incentives are common rewards given as part of VIP bonuses.
Free Spins Bonus: free spins offered on a particular slot game. These are often offered as a free casino gift (this is different from a deposit bonus). They are generally part of online casino promotions. Often, these Free Spins Bonuses are tied to wagering requirements – but not always.
Free Play Bonus: Free Bonus Money is intended to acclimatize you to a game before moving you on to real money. By using free play bonuses, players can win bigger cash bonuses by depositing the minimum amount at an online casino.
Max Cashout Bonus: a percentage match bonus with play-through requirements on the bonus amount and deposit. Although a rare type of bonus, these bonuses have a maximum limit on the amount you may withdraw (most often from 5 to 10 times the bonus amount).
No-Deposit Casino Bonuses – Free Spins (Bonus)
Imagine a world where you could benefit from a bonus without having to deposit money; a galaxy of casinos filled with constellations of no-deposit bonuses. This world exists right now! No-deposit bonuses are a great way to try out games with no risk involved and the chance to win real money.
The way this type of bonus usually gets set varies. Some casinos might offer a ‘$10 No Deposit Bonus’, others might offer Free Spins. Sometimes, operators provide you with free play, with no restriction on the games you can play. Other casinos allow you to play on a selection of games, perhaps including roulette, blackjack and slots. No-Deposit Casino Bonuses tend to offer bonuses of under $100. You should be suspicious of offers of over $100 – there’s usually significant strings attached.
It’s not surprising that No-Deposit Bonuses are very popular with players and have been for years. Snoop around our site and see if you can spot some juicy bonuses!
Deals running on certain games
One of the fun things about visiting a new casino is the large collection of games – slots, table games, video poker, alternative games: there’s something for everyone. Many bonus offers run on specific types of games. If you’re after Blackjack and Roulette, there are bonus offers catered just for you – likewise if you’re a slots player. Some casinos offer deals tailored for live dealer games. Many casinos exclude live gameplay from wagering requirements, so live games players love these kinds of deals!
Bonuses connected to payment options
How do you like your payments done? Are you an E-wallets guy, or perhaps prepaid cards like paysafecard are your thing? Some casinos give players bonuses based on the type of payment method they employ to deposit money in their account. This might be as much as 15%, for instance, if players opt for certain e-wallets such as Skrill and PayPal, or prepaid cards like paysafecard.
Seems straightforward, is it?
Things are never as simple as they seem. It’s all in the fine print. Be aware of the strings attached. Many players complain of feeling cheated when they are not allowed to cash out. So read the promotional conditions!
Each Market is different and contains differing rules and regulations. In the UK , for a casino to offer a player “free spins”, it would need to have NO stake requirement attached, and NO wagering requirement. So, whereas most of the rest of the industry would market “free spins”, in the UK these would be termed “Bonus Spins”. This does not apply to New Jersey or Pennsylvania, where free spins are called – you guessed it – free spins.
Generally, any bonus given will have a wagering requirement attached. This means that the bonus, and sometimes the deposit too, will need to be played-through a certain number of times before any winnings can be cashed out. Understanding this wagering requirement is key.
If you try to withdraw your winnings before meeting the wagering requirements you will likely find that winnings will be deducted from your account, though it varies from operator to operator. This can be particularly frustrating, particularly if you’ve amassed significant winnings which you can no longer get your hands on. Other bonus funds have a limited period of validity. So any extra money you make from your bonus remains in your account for a limited period of time, and can only be cashed out when wagering requirements are met.
As mentioned previously, requirements vary, but you can expect no-deposit bonuses to have a higher wagering requirement, a may be valid for a shorter period of time.
So get your reading glasses on and make sure you pore over the terms & conditions to avoid being disappointed!
FAQ about casino bonuses
How do I claim my bonus? Is it automatic?
Bonus cash is often automatically deposited into your account when you register with a casino. In certain markets, such as the UK , every single promotion will be required to ask the player whether s/he wants to opt in. In many other markets, the bonus is added automatically when you sign up to a casino. In New Jersey and Pennsylvania, this does not apply, though some casinos might choose to do this.
Some casinos operate promotions by means of bonus codes. Typically, you will receive a Bonus Code which you’ll have to enter to claim your bonus. As explained in the section above, you’ll likely have to make a deposit before you can receive the bonus.
Once all this is done, bada-bing-bada-boom, you’ll receive your bonus in your online casino account.
Do I have to use a bonus?
Pretty much every casino offers some kind of welcome offer, but you’re under no obligation to accept. Maybe you want to avoid worrying about meeting the wagering requirements, or maybe you had a bad experience with a bad offer in the past – once bitten, twice shy. Whatever the reason, if you want to avoid getting lumped with an unwanted bonus, choose a casino which runs bonuses against a strict “opt-in-only basis”. In this way, by not opting in, you will only be playing with money you have deposited, and not casino money. In case you happen to want to play at a casino which doesn’t award bonuses based on opt-ins, and you don’t want said bonuses, get in touch with their customer service team and let them know.
The choice is entirely yours.
What are the possible drawbacks of using bonus money?
“There is no such thing as a free lunch” The same applies to bonus money . There are drawbacks when it comes to using casino bonuses. Here’s a few:
- Wagering Requirements
- Sticky Bonuses
- Jurisdictional Restrictions
- Payout and Betting Restrictions
- There are wagering requirements in place. You need to wager the bonus amount a set number of times before you can cash out the bonus and any money you’ve won during free play. Wagering requirements vary between casinos, but normally are set at around 30x to 40x the bonus amount.
- Sticky Bonuses are bonuses which are impossible to withdraw until you’ve fulfilled the wagering requirements. Once you fulfill said requirements, the bonus amount is automatically released by the site and you are permitted to cash out the winnings you have accumulated with your sticky bonus.
- Some casinos have limited timeframes in which to cover the wagering requirements. Wagering requirements must be met within a certain timeframe. And so, the bonuses remain active over a short period of time only, and if wagering is not met within this period, the bonus is declared void and is forfeited. This period fluctuates from one casino to another.
- In some countries, you might not be allowed to claim a bonus at all. Some operators accept the betting action of players but at the same time exclude them from bonus participation. Before you register, read through the Ts & Cs. They might be tedious, but they’re your best friend.
- You may be subjected to certain payout and betting restrictions. This often applies to bonuses of the no-deposit kind, where you are given free funds or free spins simply for opening a real-money account. With free spins, the amount you can wager per round may be restricted, and increasing your stake would lead to bonus forfeiture.
How can we at NetEnt help you to choose?
Ask yourself: what is the best bonus for you. If you’re a new player, the free no-deposit offer is a good choice. You get to try out the casino and its games with minimal risk involved, and the chance to win some real cash.
Welcome bonuses, though, offer the biggest rewards. Just keep in mind everything we’ve taught you, young grasshopper, and assess each bonus offer accordingly. Will you receive the bonus after the first deposit? Or will extra funds be provided after a number of deposits? And of course, the size of the bonus is not the only consideration when considering how good a deal is. Check the playthrough requirements, and how long the offer is valid for. And look into whether the casino rewards player loyalty.
Now, it’s over to you! Have a look through our list of Welcome Bonuses that we’ve gathered from great casinos around the internet, and see if you find anything that fits!
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Time Value Of Money: Determining Your Future Worth
If you were offered $100 today or $100 a year from now, which would you choose? Would you rather have $100,000 today or $1,000 a month for the rest of your life?
Net present value (NPV) provides a simple way to answer these types of financial questions. This calculation compares the money received in the future to an amount of money received today while accounting for time and interest. It’s based on the principle of time value of money (TVM), which explains how time affects the monetary worth of things.
The TVM calculation may sound complicated, but with some understanding of NPV and how the calculation works–along with its basic variations, present value and future value—we can start putting this formula to use in common application.
A Rationale for the Time Value of Money
If you were offered $100 today or $100 a year from now, which would be the better option and why?
This question is the classic method in which the TVM concept is taught in virtually every business school in America. The majority of people asked this question choose to take the money today. And they’d be right, according to TVM, which holds that money available at the present time is worth more than the identical sum in the future. But why? What are the advantages and, more importantly, the disadvantages of this decision?
There are three basic reasons to support the TVM theory. First, a dollar can be invested and earn interest over time, giving it potential earning power. Also, money is subject to inflation, eating away at the spending power of the currency over time, making it worth a lesser amount in the future. Finally, there is always the risk of not actually receiving the dollar in the future, whereas, if you hold the dollar now, there is no risk of this happening (as the old bird-in-the-hand-is-better-than-two-in-the-bush saying goes). Getting an accurate estimate of this last risk isn’t easy and, therefore, it’s harder to use in a precise manner.
3 Reasons Why Learning English is Worth Your Time
Oct 31, 2020
Did you know English is the official language of 60 countries? In a world where English is so common, learning to speak, read, write, and understand English can be a valuable investment in your future. Here are 3 ways learning English can help you get ahead!
It Can Open Up a World of Opportunities
More than a billion people worldwide speak English and another billion are busy learning it! Learning English can help you communicate effectively with more than half of the globe! Knowing one of the most common languages in the world can open the door to opportunities from studying abroad to advancing your career.
It Can Lead to the Chance to Attend Accredited Universities
Some of the top universities in the world are English-speaking institutions. Attending one of these schools not only looks impressive on your resume, but also can provide you with one of the most highly accredited educations possible. You also can deepen your knowledge of grammar and learn new vocabulary by studying the original works of world famous English-speaking authors.
Whether you are looking to go abroad or staying in your home country to study, knowing English can make you more valuable to employers. Many companies conduct day-to-day business in English and work with overseas partners whose common language is English. Fluency in another language also reflects positively on your work ethic and demonstrates commitment, discipline, and a desire to learn. These are all very respected traits employers may look for in an applicant.
Looking for more ways to practice and learn English? Connect with other language learners here through the TOEFL ® social media network, play games like the Great Grammar Challenge and the 40-Word Vocab Challenge, and keep up with the TOEFL ® blog for more tips and ideas for test success!
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