What Are Reload and Welcome Bonuses?
Playing casino games and pokies online has several advantages for Australians over playing in an actual casino. Online casino players do not have to spend time and money travelling to a venue. Nor do they have to purchase food and drinks while they are gambling. Furthermore, there is no need to tip, but above all, they can get their hands on welcome and reload bonuses.
Why Do Online Casinos Offer Bonuses?
All casinos are in the business of making money. They do this by stacking the odds of their pokies and table games in their favour. The longer they keep your interest and have you betting, the more likely they are to win money from you. Sure, some casinos are more than simple gambling havens as they provide entertainment and have fantastic eateries, but it is a plot to keep you in the casino and playing their games.
Online casinos do not have this option for them. They rely on having a large portfolio of pokies and games for you to play. Casinos online also know there are dozens, if not hundreds, of rivals vying for your business. Offering welcome bonuses is one way of attracting new customers. Reload bonuses retain existing customers. It is as simple as that.
Bonuses are seen as an investment for the casino. You are likely to continue gambling with them if you have a large win or are rewarded for your loyalty. Online operators do not have high rental costs or have to pay dozens of staff so they can splash the cash on you, the player.
What is a Welcome Bonus?
A welcome bonus is exactly how it sounds, a bonus welcoming you to the online casino. A casino offering 100% up to $200 matches your first deposit up to a maximum of $200. Some casino, such as Fair Go Casino, match several of your first deposits up to a combined maximum sum.
Welcome bonuses are the largest bonuses offered by online casinos because they want to stand out from the crowd. Kahuna and Planet 7 Casino offer a $4,000 welcome bonus currently, which are huge. Some casinos only offer free spins of a specific pokies machine. Others give you a combination of the two.
How Do Reload Bonuses Work?
Reload bonuses are for existing customers and are awarded when you make more deposits. Online casinos offer regular reload bonuses on specific days or when a new pokie is released. It is common for you to receive a reload bonus on your birthday as a thank you for giving the site your custom.
These bonuses are smaller than welcome bonuses because you have already had your fill with the first deposit bonus. Where a welcome bonus may be 100% up to $500, for example, a reload bonus may be 50% up to $200. They are designed to keep you in the game by topping up your casino bankroll.
Do Bonuses Come With Restrictions
All casino bonuses, welcome, reload or otherwise, have restrictions applied to them. Casinos would not be in business for long if they simply gave away bags of cash to everyone! These restrictions are called wagering requirements or playthrough requirements. Both those terms mean the same thing essentially.
Restrictions vary from casino to casino, but we are giving you a general overview here. Bonuses with a 30x wagering requirement means you have to wager 30x the bonus amount before you can withdraw any winnings derived from the bonus. This means place $3,000 worth of wagers for a $100 bonus. It may seem a lot, but they soon add up because of the speed of the games offered.
Pay close attention to the small print because some casinos have wagering requirements on both the deposit and bonus amounts. These bonuses take longer to release for obvious reasons.
All Games Are Not Created Equally
How fast your bonuses release depends on the games you play. Pokies tend to count 100% towards wagering requirements, but blackjack may be as low as 10%. This means for every $1 you spend on pokies, $1 is counted towards the wagering requirements. Playing blackjack, however, only sees $0.10 counted towards the requirements using this example.
Study the different bonuses along with their terms and conditions before you part with your cash. Be realistic about how much you play and how much you wager before opting for the largest bonuses. It’s better to claim a smaller bonus that you can fully release than have a huge bonus that takes forever.