5 Disadvantages of Casino Bonuses

High Roller and VIP Bonuses

Online casinos work hard at keeping your loyalty once you’ve signed up, and so regular players can also benefit from high roller and VIP bonuses. Most of the casino bonuses UK players enjoy come from these sort of incentive schemes, many of which are invitation only, and the benefits can include free spins, deposit match bonuses, faster withdrawal times and higher limits.

1. 2KBet Casino: 100% Bonus up to £100 + 100 Free Spins

2KBet was only founded in 2020. However, the brand’s online casino has already attracted many players. This is thanks, in part, to the welcome bonus on offer to new customers. Worth as much as £100 and the same number of free spins, a deposit of just £10 is required in order to qualify.

The bonus and winnings are available for 30 days, with 50x wagering requirements being in place. The maximum conversion is 3x the bonus amount, which should suit most players.

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Welcome Bonuses

Welcome bonuses are the most common type of casino bonus you will come across and are offered to new customers at the vast majority of online casinos.

Online casinos use welcome bonuses as a way to attract new customers and encourage them to sign up and make a deposit. They’re great for the player as they get more money to play with and great for the casino as they have a new customer.

Welcome bonuses themselves can come in various forms and often have different T&Cs. The most common type of welcome bonuses are deposit bonuses such as ‘100% deposit bonus up to £100’ or ‘200% deposit bonus up to £300’. These offers often sound too good to be true but many of them have wagering requirements which must be met before you’re able to withdraw the bonus or any winnings generated from using it.

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Online Casino Bonuses for Existing Players

Online casinos also understand the importance of rewarding existing players. Think about it; if two casinos offer the same welcome bonus and only one of them offers bonuses beyond this point, which one would you log into regularly? Exactly. The one that showers you with bonuses and rewards you for spending money at their site rather than their competitors.

The most common casino bonuses for existing players include:

Betting and Payout Restrictions

Depending on the type of bonus you claim, you may be subjected to certain payout and betting restrictions. This usually 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.

The same can sometimes be said about the winnings you can cash out from one such no-deposit bonus – these, too, may be restricted to a smaller amount, say $50 or $100. Sometimes when you have an active bonus in your account, the casino may choose to prohibit you from making certain types of “low-risk” bets, like the even-money wagers on roulette, for example. The casino also has a right to exclude some game types from wagering contribution, which is to say your active bonus will again be forfeited if you wager on prohibited titles.

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Minimum Deposit

Players who are oblivious to the terms and conditions of a casino bonus often get caught out by the minimum deposit threshold. Many players wrongly assume that the minimum amount they must deposit to claim a bonus is the minimum deposit amount accepted by the online casino. However, this isn’t always the case.

Let’s say you claim a 100% up to $100 bonus and make a minimum deposit of $10. If the bonus terms state that the minimum qualifying amount is $20, then you won’t receive the bonus.

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Section 7a: General rules applicable to bonuses

We offer a number of opportunities for Players to qualify for bonus credit which is added to a Player’s Bonus Credit Account. Bonus credit is subject to a 40x wagering requirement.

All bonuses will be subject to successful verification of your identity (Name, Address and Date of Birth). No bonuses can be used until the process is complete.

Bonuses will be added to your Bonus Credit Account. All bonuses are subject to the Bonus Wagering Requirement and specific game stake contribution % as stated in Section 6 Term 39. Winnings arising out of Bonus Credit will also be credited to your Bonus Credit Account. Once your Bonus Credit Wagering Requirement Balance is £0, any remaining Bonus Credit will automatically be transferred as winnings to your Cashable Credit Account.

When you download a game with a free bonus attached, the bonus can be claimed only once. There will be no bonuses for subsequent downloads of the same game by you.

You may receive regular updates by text message advising you of bonuses received depending on your account settings.

From time to time we may offer bonuses that, if not used, expire after a certain time period. Please note that if the bonus is not used within this time period, it will disappear from your Account.

If you sign up to a promotion offering a free bonus or free spins without the need to make a deposit the maximum withdrawal that you can make is £50 on Jammy Monkey if you are a UK Player and £50/ 50 euros/ $50 or other currency equivalent if you are a non-UK Player. This withdrawal limit applies to each promotion of this type providing you have made at least one deposit on your respective account. If you have not made any deposits then this withdrawal limit is applied throughout the lifetime of your respective account for funds won from promotions of this type.

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Different games will contribute different percentages of your wager to the requirements.

Find out which games qualify and what percentage of your wager they contribute, then play the games which give you the most bang for your wagering requirement buck.

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Are online casino bonuses worth it? 

The biggest online casino bonuses are certainly worth it if you’re confident you can meet the wagering requirements.

What’s more, the top casinos online tend to offer fair wagering requirements, which give you the best chance of succeeding.

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Can I make money from a casino bonus online offer?

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What Are Wagering Requirements?

When you sign up at a new online Casino or take advantage of a promotion at one you already play with, you'll encounter any number of bonus offers.

These include things like free spins, free bets, and cash bonuses.

Seems awesome, right? Well, these offers come with strings attached — and those strings are known as wagering requirements.

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Comparison of the Top 9 Free Spin Casino Bonuses

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Online casino welcome offers — wagering requirements

Wagering requirements can be a frustrating part of claiming any type of online casino bonus. These requirements have been the subject of much controversy in recent years.

Operators have come under fire for the huge wagering requirements associated with their offers. Most online casinos have responded by lowering these requirements, but they still make up part of most welcome offers.

Let’s take a look at another example. You find an operator that offers bonus funds of £100 for new customers. The terms and conditions state that a 10x wagering requirement applies. What does this mean?

Essentially, you have to deposit and play through 10x your deposit amount before you can withdraw any funds. So, if you deposit £100, you need to deposit and play through £1,000 before you can withdraw any winnings that were earned from the bonus amount.

Sounds complicated, right? It also sounds like a pretty expensive way to claim a bonus. There are a variety of T&Cs that can make these requirements difficult to meet.

Many operators apply a Game Weightings rule. Playing certain games might not go towards meeting these requirements. For instance, for each £10 staked on blackjack could go towards your wagering requirements, but playing on poker might not.

There can also be time restrictions attached. Let’s say the terms and conditions state you need to meet the wagering requirements within seven days of opening your account. For the purposes of our example, this means you will need to stake and play through £1,000 within your first week as a member.

This, for most punters, is very challenging. An added problem is that any winnings you’ve made from your bonus funds will be void if you don’t meet the requirements. Generally, your bonus funds and associated winnings will be kept in a ‘bonus wallet’ until the requirements are met. So, what can you do?

Find an offer where the wagering requirements are easy to meet. While most online casinos in the UK attach wagering requirements to promotions, many now have reasonably lower requirements than they did previously.

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How Wagering Requirements Work

So, how do wagering requirements work? It's different for each bonus type.

With a cash bonus, you'll have to bet through a specified multiplier before you can withdraw any bonus funds and related winnings.

For example, let's say you take a cash Casino bonus with a wagering requirement of 30X.

This means that you'd have to bet your bonus amount thirty times over before you can withdraw it and the winnings you get from it.

You may also deal with requirements when you wager free spins.

Since free spins don't come with a cash amount, the multiplier applies to only to the winnings you receive from the free spins.

Free bets usually come with requirements as well. Depending on the Casino, you might have to deposit a certain amount before you collect the bonus or only bet on sports with certain odds.

Free Spins Bonus

For fans of online slots, free spins bonuses are likely to appeal. Rather than bonus funds, bonus spins are offered by online casinos. For example, Betfred offers 100 free spins to new players depositing £10+. Spins are likely to be available on selected slots, with wagering requirements once again coming into play.

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Can I Claim a Mobile Casino Bonus?

The best online casino bonuses are available on both desktop and mobile, so you shouldn’t have any issues claiming the bonus using your mobile phone. In case of a problem, you can always contact customer support to help you get your free chips or bonus funds.

Casino Reload & Deposit Bonuses

From new members of an online casino making their first deposit to an experienced player reloading for the 200th time all the best online casinos add a bonus on top of a deposit. These are often multipliers, 50% extra, 100% extra, 150% extra and so on. They are added to your deposit when the casino confirms reception of incoming funds to your account like this offer from Paddy Power .

Casino Welcome Bonus

At the majority of the sign up bonus casino sites that we recommend, new players receive a match on their first deposit(s) as part of the deal. This match is usually worth 100%, but can be more, and this is the best casino welcome bonus to go for if you’re looking to increase your bankroll substantially from the outset.

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