In online casinos you usually need to choose one bonus out of a few. It seems simple, but you need to consider a lot of factors, from the terms and conditions with their fine print to your own preferences. It’s impossible to find an „one size fits all” solution, but this article will give some guidelines on how to analyze these factors.
A common choice is between a deposit bonus and a free spins bonus. In the latter you get a number of credits to wager in a specified time. There are conditions on which you get to keep your winnings. You don’t need to make a deposit up front, but you do when you want to withdraw your winnings. A cap is usually put on winnings from both free spin bonuses and deposit welcome bonuses, so you need to compare them. For deposit bonuses the deposits need to be bigger, but usually the bonus itself is 100% of it. If you plan to deposit the required amount of money anyway, a deposit bonus will be more beneficial.
You might have to choose between reload bonuses in different categories of games (most times it’s slots and specialty games in one category, table games and video poker in the other one). Slots have bigger bonuses and lower wagering requirements, but at the same time the first category a higher house edge. You can only keep the winnings from the bonus, not the bonus itself. Table games bonuses are recommended for people who don’t like risk and slots bonuses for those who do.
Another choice is cash back on losses versus deposit bonuses. Expected losses are the main consideration, along with the fact that a cash back bonus is smaller, but does not require further investments.