When browsing online casinos, you'll inevitably come across tempting bonus offers trying to entice you to sign up. These can include free spins, deposit matches, and even straight cash bonuses. However, it's important to understand exactly how these bonuses work, especially when it comes to currency conversion.
Let's break it down so you're more informed before you start to play.
How Do Online Casino Bonuses Work?
Online casino bonuses are extremely generous promotions that provide players extra funds or free spins to use at online casinos. These bonuses allow you to maximize your playtime and give you more chances to win, which is every player's dream.
One of the best types of bonuses is the welcome bonus which gives new players a match deposit up to a certain percentage on their first deposit. For example, there may be a 100% match welcome bonus up to $500. If you deposit $500, you get an extra $500 to play with. This instantly doubles your bankroll and allows you more playtime on the games.
Other great bonuses include free spins bonuses where the casino gives you dozens or even hundreds of free spins to use on certain slot games. These free spin packs allow you to spin the reels for free, and if you win, you keep the payouts. It's an exciting way to try new slots risk-free.
No deposit bonuses are also fantastic because they give you bonus money to play with without needing to deposit anything. These bonuses allow you to sample the casino's games without spending your own cash. If you win with the bonus, there will be wager requirements before you can withdraw, but it still gives you a risk-free shot.
Online casinos also frequently provide reload bonuses to existing players which match a percentage of your future deposits. There are even cashback bonuses at some casinos where you get money back for your losses during a certain period.
As you can see, online casinos offer some of the most generous, exciting bonuses that multiply your bankroll and give you tons more fun and chances to win real money prizes. The variety of online casino bonuses is extremely player-friendly.
How Bonuses Are Presented
Bonuses are usually presented in big, eye-catching dollar amounts, such as a $1,000 welcome bonus. However, there are always terms and conditions attached which specify how much of that bonus you will actually receive. Primarily, online casinos will specify a minimum deposit amount you need to make to unlock the full bonus, usually around 20-40x the bonus amount. For example, for that $1,000 bonus, you may need to deposit $20,000 first.
Obviously, most players aren't depositing that much, which means you likely won't receive the full publicized bonus amount. It's important to check the related T&Cs to understand the actual bonus value you'll get.
The Currency Conversion Trick
Online casinos operate all over the world, which means they accept multiple currencies. However, bonuses are always listed in one primary currency, usually USD or EUR. When you sign up as a player from a country with a different currency, for example, Canada (CAD), your deposits get converted to that primary bonus currency behind the scenes.
PayPal does its own conversions, of course, when money is deposited and withdrawn via PayPal. It is important to bear this in mind when you look for online casinos that accept PayPal, which are available on onlinecasino.ca. Unless you are playing with huge sums, currency conversions won't make a huge difference, so don't let this put you off playing in a casino in a different region to your own.
Finding Good Bonus Value
Now that you know how the conversion works in casinos, here are some tips on spotting bonuses with true value:
- Find bonuses with lower rollover thresholds compared to the headline amount. A $500 bonus with only 10x ($5,000) playthrough will pay out much more than $1,000 at 40x ($40,000).
- Seek no-max cashout bonuses. Having bonus winnings actually withdrawable with no limits means bigger real payout potential.
- Check they don't exclude table games from contribution requirements, as these have the best odds.
- Watch for bonuses with longer time limits of 30, 60 or 90+ days to complete rollover.
- Seek currencies matching your country and location. This avoids conversion rate trickery.
Bonus Value
Always make sure you dive into the fine print Ts&Cs first, do the currency match math, and calculate the real bonus value based on the rollover terms before depositing. Focus on extended timeline and low playthrough bonuses to maximize your payout potential.
This inside look at how casinos convert currencies and leverage bonuses allows players to see behind on offer. Use these tips to pick smart bonuses with currencies matching your location, lower rollovers, and withdrawable payout potential for some exciting extra gambling cash!
