We are so used to getting discount codes from various shops and service providers we kind of feel entitled to a special discount all the time. Online casinos also use promotional codes to attract new customers or to keep existing ones interested.
In this article, we are discussing different bonus codes and other promotions casinos tend to use. Szilvia Sultes, Hungarian online casino expert helped us understand how these bonuses work. To read more about Szilvia, click here.
Sign up bonuses
Most casinos will give you a bonus when you sign up as an incentive. Usually, these bonuses are a certain percentage of your deposit up to a certain limit. For example, Bwin casino, a casino with a long history, who accept players from Hungary. gives players 100% welcome bonus up to 50.000 HUF. So, it means that if you deposit 50.000 HUF you will get another 50.000 HUF credit so your bankroll will start at 100.000 HUF.
Some casinos give free spins instead or in addition to deposit bonuses. 100 free spins are exactly what it says, you can have 100 spins on a slot machine for free.
Both bonuses and free spins come with wagering requirements. This means that you have the place a certain amount of bets before you can cash out anything.
- Example: 35 times wagering of deposit plus bonus with the case of 50.000 HUF is: 50.000 + 50.000 = 100.000 x 35 = 3.500.000 HUF
For a novice, this can sound impossible but it is the total amount of bets you have to place and over hundreds of spins you will regularly win some of your money back so if you are lucky you will end up with some money left.
It is also worth noting that when using bonuses some games are usually excluded. These include games with a very low house edge, like blackjack or video poker.
When it comes to bonuses, they can be two types; either cashable or non-cashable.
In the above example, if after you have played the 3.5 million HUF and you have 100.000 HUF left on your account you can cash it all out.
Again, using the same example: after placing bets for 3.5 million HUF you have 100.000 HUF left on your account, you can cash out 50.000 HUF and the other 50.000 HUF either disappears on cashout (in which case it is called a phantom bonus) or it stays on your player account and you can place new bets with it, however, you can never cash it out (in that case it is called a sticky bonus).
When you sign up in a new casino sometimes you need to use a code to avail of a bonus while others will automatically apply it on your account and you can choose to take it or not.
In addition to sign up bonuses, there can be seasonal promotions (for example a Christmas offer or Easter offer). These codes are often displayed on the social media pages of casinos so it is a good idea to follow your casino on Facebook, Twitter and other social media sites.
Online casinos codes can also be easily found by checking out casino review sites. Here you can also find evaluations of casinos prepared by casino experts so you can compare one casino to the next to see which ones offer the best deals.
Finally, codes for online casinos might be sent to you by your casino by email. In this case, these codes would be personalized for you so you cannot share them with your friends as they would not be able to use them.
Casinos see a fair share of bonus abusers. Abusing bonuses can be in a form of signing up with multiple identities in order to maximize the possibility to win. However, at the cash-out stage players have to prove their identity with an ID card so most of them fail at this point and never get the payout.
Before accepting a bonus always read the terms and conditions of it so that you are clear on the wagering requirements. If you want to use bonuses, you can look for codes on review websites or social media sites of the casino. Personalized bonuses can’t be shared with other people.