When the shift to online casino gambling began, there were only a handful of casinos available. As a result of this, there was also very little competition for market share among operators and bonuses did not need to exist. However, as the online casino industry began to flourish, more and more operators began to offer online services. As such, competition between casino sites became fierce and operators were inspired to come up with something that would set them apart from their competitors. This is how the casino bonus was born. Casino bonuses were first introduced in the late 90s and early 2000s and were quite similar to what we see today.
In order to redeem these epic bonuses, players would need to deposit a specific amount of money into their gaming accounts to receive their additional gaming credits. This had the additional advantage of reducing the perceived risks that many players were concerned about at the time.
While the basis of welcome bonuses has remained the same, the terms and conditions attached to them have changed and become stricter. When these bonuses were first introduced, they were minimal, and some cases were completely devoid of terms and conditions which allowed players to make a significant amount of money off of them. Unfortunately, as the competition in the industry increased and the number of players grew, online casinos could ill afford to continue on the path they were on. There was also an alarming rate of bonus abuse where players could receive more than one bonus through deceptive methods or making use of multiple casino sites.
As a result of this behaviour, online casinos drafted the stricter terms and conditions that we see today that include wagering requirements and other safety nets for operators. Regardless of this, welcome bonuses remain a key cure for many operators and an exciting prospect for new players. In recent years, online casinos have shifted from traditional welcome bonuses to loyalty and VIP programs that reward players for staying with a casino site, rather than rewarding them for choosing them in the first place.
The key to getting the most out of your money is to find the best casino bonuses. For this very reason, we have compiled a list of some of the most lucrative bonuses for Australian players. We recommend that you read through the terms and conditions of each promotion to ensure that it is a good fit for you before you make a decision. There are also unlimited amounts of online casino bonuses for you to choose from. Keep reading to discover some of the best welcome bonus packages that are currently on offer from various Australian casinos.
Deposit bonuses are one of the most common online casino rewards for players from all over the world, Australia included. These deals will provide you with a great return on your first deposit into your gaming account and will be a percentage of your total deposit amount. However, the mistake that many new players make is looking at the percentage expressed instead of what this will equate to in relation to their deposit. In addition to this, there is a maximum amount that can be redeemed through this bonus. A 100% bonus sounds more lucrative than 50% as this means that your money will be doubled. However, should this 100% bonus only apply to deposit amounts of up to AU$100 then this means that you will get no more than 100 free promotional credits. Conversely, should the offer be a 50% bonus that is redeemable on deposits of up to 500 credits then you’ll end up with 250 free credits. To make this more comprehensive, casino operators will advertise the total number of credits that can be claimed as well as the maximum deposit amount for that particular bonus.
The most loved casino bonus available to Australian players is certainly the no deposit bonus. As its name suggests, this bonus is gifted to new players and can be redeemed without a deposit being made into the casino gaming accounts. The vast majority of online casino operators have opted not to offer No Deposit bonuses but this doesn’t mean that people are not on the lookout for them anymore. No Deposit bonuses are likely to be either a small number of free credits or free spins for a selected pokie title. If the casino does give you free credits, it will usually be between AU$5 and AU$10.. This is just enough to give a novice player a taste of what the casino has to offer and hopefully encourage them to start playing on the site more regularly. However, the terms and conditions are likely to stipulate a wagering requirement for the no deposit bonus and will not allow you to cash out immediately.
One of the other common bonuses for online casinos is the free bet or free play bonus. This gives Australian players a set amount of bonus chips or casino credits and a set amount of time. The idea behind this bonus is to spend the gifted credits in the given time. Once the time has lapsed, a portion of what was earned in that time is given to players as a reward. This option is considered to be one of the best ways to sample the casino site and inspect the genres and quality available to you before you deposit any hard-earned cash. However, in order to withdraw the winnings that were earned with the free play bonus, players will need to make a deposit into their gaming accounts.
Free spins work in the same way as a free play but in this case, instead of credits players receive free spins. The main difference is that these spins can only be used on a specific pokie title, which limits choices significantly. As such, free spins are awarded to players as part of a larger bonus package such as a deposit bonus.
The CasinoTop team receives questions for Australian players every day regarding different aspects of online casino gaming. Naturally, there are a handful of questions that are asked more often than others. The team has compiled a list of these questions, and their answers, to help you begin your online gaming experience.