Introducing online casino bonuses – free money gifted to players that comes with certain rules. For savvy gamblers, bonuses can hugely boost bankrolls and unlock life-changing wins. However, to make the most of bonuses, players need to understand the different types available at Lucky Wins or other websites and use clever strategies.
Bonus Basics
Before using bonuses, be clear on key terms like wagering requirements, game contributions and time limits. Bonuses aren’t completely “free money” – you’ll likely need to bet the bonus value multiple times before cashing out wins. Contribution rates determine how much different games contribute to these playthrough targets. Also, bonuses come with strict expiration dates.
Spend time studying the terms and assessing if bonus deals make sense for your style of play. Never blindly grab offers without planning the best path to turn bonuses into cold hard cash.
Making The Most of Deposit Match Bonuses
Deposit matches give you bonus funds equal to a percentage of deposits. For example, a 100% match on a $100 deposit earns a $100 bonus. These offers drive initial deposits, but you can maximize the value well beyond the match amount.
Use deposit matches to take shots at lucky 88 pokie machine or games with high return-to-player (RTP) rates. The extra funds let you spin longer, trigger lucrative bonus rounds and hopefully bag that elusive big win. Deposit small at first, complete wagering, withdraw profits and reinvest a share of payouts into new bonuses. Rinse and repeat to build a healthy bankroll over time.
Reload Bonuses
Reload bonuses reward customer loyalty with matches on subsequent deposits, often at higher rates than welcome offers. For instance, you may get a 50% welcome bonus up to $200. But reload offers can go up to 100% or $500.
The playthrough requirements on reload bonuses tend to be lower too. This makes them ideal for taking slightly riskier bets on games like blackjack or video poker. Use the perfect basic strategy to trim the house edge and a bit of win variance could help you beat the wagering rules. Again, withdraw any profits before hitting more reload bonuses.
Freeroll Bonuses
Freeroll bonuses give free cash or slot spins without needing deposits. The amounts tend to be small – $5 to $20. But it’s still house money you get to play risk-free!
Use freeroll cash for long-shot wagers that normally eat too much of your bankroll. For example, betting full lines on multiple football games to chase a 10-game parlay. Freeroll slot spins also let you try winning massive jackpots that may cost too much per spin otherwise. Landing a big win early can set you up for an epic gambling run!
Smart Bankroll Strategies To Use With Bonuses
- Start small – Take the maximum bonus on low deposits and play conservatively until you understand specific game volatility.
- Withdraw often – Clear wagering requirements quickly on high RTP bets. Withdraw profits so they aren’t at risk.
- Don’t chase losses – Stick to optimal strategies. If you lose bonus funds, don’t deposit more trying to win it back.
- Use bonuses in sequence – Reinvest a % of profits into the next deposit bonus. The compounding effect will grow your bankroll.
When Bonuses Backfire and How To Avoid It
There’s no such thing as free money. While bonuses may seem like a complete upside, some inherent risks exist. Abusing bonuses or failing to read terms can quickly sink bankrolls.
The #1 pitfall is getting addicted to playing just to clear demanding wagering rules that require betting sums exponentially higher than bonus values. Chasing losses to “win back” bonus funds is equally dangerous.
The smart approach is to use bonuses as periodic boosts rather than regular income. Have clear rules on deposit limits and cashout thresholds before claiming each bonus. Most importantly, withdraw all profits once wagering completes and take a break before activating more bonus offers.