With a multitude of new casinos entering into the online casino market, the increasing competition is valid. However, to meet the standards of the cutthroat competition, online casinos lure customers by providing multiple sorts of bonuses like welcome bonus, deposit bonus, weekly bonuses, jackpots and much more. With literally so many bonuses available, it becomes really difficult to understand how each of these works. The terminology of these bonuses can only be understood by online casino pro players. To make it easy for you, here are the 7 facts about online casino bonuses offered by big names like Royal Panda casino and LeoVega casino that will make you understand better how online casino bonuses work. How Online Casino Bonuses work? Casino bonuses are not the real money Undoubtedly, online casinos do provide bonus offers and promotions like welcome bonus, match deposit bonuses and alike. However, no one can actually use this bonus money as real money. When you withdraw the earnings from the casino after a specified period, the bonus money will be kept separate and only the deposit you make can be withdrawn. It is for this reason, your deposit made from real money and bonus balance are separately mentioned. There is a time bomb set on every bonus To keep the player’s addiction alive, online casinos come up with lucky winning streaks that need to be kept to gain more bonuses. For bonuses to be encashed, online bonuses come with timers that specify the period in which the bonuses need to be used to encash them. However, that actually never happens. Every bonus you receive, be it free spins, match deposit bonus or welcome bonus have an expiry date and should be used within this period. Moreover, most of the time there, no specific warning is given before they forfeit the entire bonus. So keep a keen watch and use them before the time runs out. Remember the wagering requirement No free bonus is actually free, it will cost you double if you go by the rules and regulations before you can withdraw it. This is when the wagering requirement comes into limelight. Most online casinos provide 35x to 50x wagering requirements of the bonus amount. What does that actually mean? Wagering requirements, the number of times you need to place a bet from your bonus amount before the bonus amount can be withdrawn. Moreover, each game you play has a different wagering requirement like Roulette or Baccarat. This means you need to play a particular game repeatedly to reach the wagering requirement that too in a specific time period before it expires. | Multiple bonuses cannot be combined Attention! This could possibly happen with you too. Online casinos usually provide multiple bonuses like first deposit bonus, match deposit bonus, and much more. However, if you have availed one bonus you are not eligible to avail of another type of bonus. If by mistake, you made an effort to gain more than one bonus, you may lose both of your bonuses with no bonus balance left. You may also experience that on making a second deposit you gain no bonus and end up making a second deposit for no use. Some bonuses go hand in hand with specific payment methods Higher bonus rewards come with high risk and lower chances of return. This usually happens when specific bonuses are tied to certain payment methods. Which implies that you can only be eligible for the desired bonus if you make the deposit through a particular payment method. All bonuses are selective You can only gain bonuses on a certain type of games especially on certain games in particular. Moreover, it is also true that not all games you play will add to the wagering requirement. So, before you gain a bonus, make sure you opt playing only those games that will further contribute to your chances of winning a bonus. Additionally, it should also add to your wagering requirement. One bonus per account No, you cannot make two accounts from the same IP address to gain a double bonus. You can only make one account per household to gain the bonus. This may not apply to weekly bonuses but definitely to welcome bonuses. Final words So, the rule of the thumb is if online casinos are smart, you had to be smarter to outdo them and increase your winning percentage.