Types of Casino Bonus

by GambleScope Research Team

Which Casino Bonuses will Guarantee you a Profit? MUST READ!

 Anyone who is new to the exciting world of casino bonuses will usually experience two sets of emotions in their attempts to sort out the wheat from the chaff in casino bonus offers.

The first emotion is usually excitement.

A bonus which promises a couple of hundred pounds just for opening an account with a particular casino and playing slots for a few hours is something which will get anyone’s heart racing. Just how much can you earn?

All online casinos offer bonuses, a quick Google search will unearth hundreds of opportunities just like this, and it is at this time you may genuinely believe that you have found the Holy Grail. A doorway to make easy money and enter the lifestyle of your dreams.

The second emotion is usually disappointment.

A cursory glance at the terms of conditions of a casino bonus is all it takes to conclude that casino bonuses are usually not all that they first seem.

You think that there must be some mistake as you read that the bonus needs to be wagered fifty times and only a small number of slot games count towards these wager requirements.

What’s more, once the deposit has been made it is also classed as part of the bonus, so you are not even allowed to withdraw that until both the deposit and bonus have been wagered more times than you even think is possible.

Welcome to the wonderful world of casino bonuses!

You will be pleased to know that the above example is a little on the extreme side and while there are online casinos who do offer bonuses like those, there are also many more attractive options out there and it is possible to guarantee a profit from casino bonuses.

Before we proceed, let’s take a look at the different types of bonuses that you will come across when searching for the best casino bonuses that are out there.

Types of Casino Bonuses

Welcome Bonuses/Sign Up Bonuses

Bonuses which are on offer when you open a new account with an online casino.

They usually require the user to make a deposit and a bonus, more often than not 100%, is added to the users account with terms and conditions attached relating to how much has to be wagered, and on what games, before a withdrawal can be made.

No deposit Welcome Bonuses

A small bonus which gives the new customer a chance to experience the casino, which then leads to a further bonus in return for a deposit.

Free Spins Bonuses

The free spins bonus can be offered as a welcome incentive but more often than not given to existing account holders as a teaser to promote certain slot games. The desired outcome is that they will be tempted to make further deposits and play with their own money.

Monthly Reload/Deposit Bonuses

Similar to welcome/sign up bonuses and available to existing customers, deposit bonuses are provided on a regular basis and come with wagering requirements and game exclusions.

Loyalty Bonuses

A bonus which rewards players depending on the length of time they have been customers of a casino and also how regularly they make a deposit and play.

High Roller Bonuses/VIP Bonuses

Casinos love a high roller and look after these players with exclusive bonuses to those who enjoy playing for more substantial stakes and who turn over large amounts of money during their casino play.

Refer A Friend Bonuses

Give a casino your friends email addresses, and they will send an email which includes an offer of a bonus and a link for them to click on and open an account. When the friend signs up and deposits cash, the referrer will be given a gift as a reward.

Cash-back Bonuses

Cash-back bonus comes in various forms with one of the most common being a percentage of the losses incurred over a specific period being refunded to the player's account.

Preferred Payment Methods Bonus

A casino may offer a bonus if a specific payment method is used to deposit funds.

10% bonus on all deposits made by Skrill (over a particular time frame) would be a good example.

Sticky Bonuses/Free Trial Bonus

A sticky casino bonus is one that can never be cashed out.

The winning from a sticky bonus can be withdrawn but only when the specific wagering requirements are met.

The Expected Value of a Casino Bonus

Ok, now that we have got the different bonus types out of the way we can look at the good stuff, the casino bonuses which will guarantee you a profit, but without wishing to overcomplicate matters, we need to first touch on the subject of Expected Value (EV)

The EV of a casino bonus is simply how much profit you can expect to extract from the offer when the size of the bonus, the wagering requirements, and the type of game played are taken into account.

The casinos actually give you the central part of the information that you will need to calculate the EV in the form of the RTP (Return To Player percentage).

Every game will have an RTP listed in the form of a percentage and the nearest you can get to 100%, the better.

If an RTP for a particular game is 96%, it means that out of every £100 that is wagered, on average, £96 is returned to the player.

AVERAGE, being the operative word here because that figure is arrived at over thousands of game plays, but it is a good guideline.

If an online casino allows blackjack as one of the games that meet the wager requirements of a bonus your heart should start beating a little faster because if played using the perfect strategy (we will talk about that later) the RTP is around 99.5%!!

The calculation for the EV of a bonus offer is as follows

EV = Reward – Loss to gain reward = Reward – [House Edge x Wagering]

And here is a calculation using some actual figures

Wager £20 on a slot with 95% RTP, get £5 cash.

EV = £5 – (5% x £20) = £5 – (0.05 x £20) = £5 - £1 = £4. So, we expect to make £4 profit on average from this offer.

It looks complicated at first glance but don’t worry, it’s not that difficult to understand, and you only need to grasp the basics of how it all works to take advantage of the casino offers that we are going to discuss.

The T’s and C’s

Before you get involved with any casino bonus, it is vitally important that you check the terms and conditions attached to it.

You could put a casino bonus on your ‘to-do’ list, but when you go back to it a couple of weeks later, the bonus may look the same, but the terms and conditions could have changed. Changes usually involve the games which are no longer included as part of the wagering requirements, but a quick look will tell you all that you need to know.

Keep a Clear Head

It may sound a little boring, but it is worth mentioning.

There is no getting away from the fact that casino games are fun to play, but many people associate having an alcoholic drink with having fun. There is nothing at all wrong with having a bit of fun, we are talking real money here and while playing these games are fun, losing money isn’t.

Even though you will be having fun, you might find yourself making decisions such as not stopping when you have made a decent profit or playing with more substantial stakes than you otherwise would.

Play with a clear head, and you can enjoy a drink when the casino play is over.

Time for the good stuff

We spoke earlier about casino bonus offers which are misleading (to put it mildly) but don’t let those extreme examples put you off what can be a lucrative opportunity.

While many of these casino bonuses only guarantee a small profit, those small profits can soon mount up if you do enough of them and it is not unusual to get a big win from these offers now and then.

So, without further ado, let’s get started.

Betfair Casino

Most people are familiar with the Betfair betting exchange, but did you know that they also have a casino?

Well, they do, and it is well worth opening an account for the ongoing casino bonuses which they are famed. But for now, let’s take a look at the casino sign up/welcome offer.

Open a Betfair account and add your mobile phone number to receive an SMS activation code.

Enter the activation code into your account, open up the Premium European Roulette game, and you will see that you have ten golden chips waiting for you.

Any winnings from wagering these golden chips go into your cash balance without the need for any wagering requirements.

Log into your account on each of the following two days, and there will be a further ten golden chips waiting for you each day.

Remember to wager the golden chips on the day that they are credited to your account, and you should find yourself with a juicy little cash balance in your Betfair account which is available to be withdrawn.

Grosvenor Casino

The offer from Grosvenor casino is a little different to the Betfair offer in that on paper there is a slight risk involved, but as you will see, when the EV is taken into account the odds are very much in your favour.

When you open an account, you will be offered a £20 bonus in return for a £20 deposit.

At first sight, this looks to just another run of the mill bonus, but when you look at the terms and conditions, you will see that it is straightforward to make a profit.

It is usually the case with a bonus like this that the gift has a wagering requirement of thirty-five times or even more, and the wagering has to be carried out on a selection of slot games.

The bonus offered by this casino has a wagering requirement of only five times and includes those immortal words, ‘Blackjack Allowed.’

Before you get started with this one you need to Google ‘Perfect Blackjack Strategy Chart’

Click on the first link that you are presented with, and you will see a chart which you can print out for ease of use.

The chart will tell you exactly which hand you need to play when playing blackjack so that you are playing what is known as the perfect blackjack strategy.

Don’t worry, it is incredibly straightforward, and you can take as long as you like to play each hand, there is no rush at all.

Set the stakes for each hand that you play to £1, but if you have the time, 50p would be better.

Then merely play Blackjack until you have wagered £100, at that point your bonus will be withdrawable, and as the RTP for Blackjack is nearly 100% when performed to the perfect strategy, you should be able to cash out a decent profit of around £20.

PlayOJO

You are going to need the Blackjack strategy chart again for this one, but it is an excellent example of how to extract what should be a guaranteed profit.

You will need to open an account with PlayOJO and then deposit £50.

Visit the rewards section which is accessible from the Home page, and you will see that you have been awarded fifty free spins on the slot Spina Colada (where do they get these names from?).

Now play Spina Colada with the fifty free spins and any winnings will be credited to your cash balance.

There is a catch though (no surprise there), and that catch is that you have to wager your initial deposit of £50 before you can make a withdrawal of the cash balance.

The good news is that Blackjack is allowed, so play through the £50 using the perfect strategy, and you will then be able to withdraw the cash balance.

Monopoly Casino

Monopoly Casino is mentioned here not because of the welcome bonus but instead because of the ongoing rewards which are not even advertised.

If that does not sound intriguing enough, the ongoing bonuses are guaranteed and usually come in the form of £50, not bad at all don’t you think?

For the welcome bonus, it is advisable that you just have some fun with it.

All you need to do is to open an account, deposit £10, opt into the welcome bonus and wager the £10 once on any game.

The next day you will receive 30 free spins to play on Monopoly Paradise mansion.

The winnings from these spins will go to your cash balance, and you will be able to make a withdrawal.

Not an overly exciting sign-up bonus is it, but as already mentioned, the good stuff comes later when Monopoly Casino send you offers for a £50 matched bonus.

Now this will take some believing, but when you get one of these beautiful emails, all you need to do is deposit £50, and you will instantly be credited with a £50 bonus which will give you a cash balance of £100.

Now you can then simply withdraw the £100

Yes really!

A £50 profit for around two minutes work.

It certainly makes sense to keep an eye on any emails that you receive from Monopoly casino because it is just the same as someone walking up to you on the street and giving you £50!

Conclusion

You may have heard the ‘old time’ online casino players recollecting the glory days of casino bonuses in which every casino had regular offers with low wager requirements.

While that may have at one time been the case, it would be a mistake to conclude that you have missed the boat and are too late to take advantage of some of the better offers that are out there.

Nothing could be further from the truth!

There are many offers similar to the ones that we have just mentioned and don’t forget that the main aim for online casinos is to tempt new customers to open an account and deposit some money with them.

What this means is that online casinos are continually coming up with new ideas when it comes to welcome bonuses, so it would be fair to say that the game is far from over.

While some of the expected profits from these casino bonuses could be considered as being on the small side, don’t let that put you off.

As many of the bonuses require wagering on slots to fulfil the requirements, it is always possible that you could experience a substantial win from small stakes when you are least expecting it.

With that in mind, work your way through the casino bonus offers that we have spoken about and don’t forget to keep your eyes peeled for any emails that you receive from Monopoly Casino, you never know, they might just be offering you some free money!