What makes a good Bitcoin bonus?
Each Bitcoin casino featured here will offer something unique. They all differ in their size and difficulty to unlock, as well as potential extras like free spins. There are a few key factors to keep in mind when searching and comparing any Bitcoin bonus:
- Bonus Match – the most common type of Bitcoin casino bonus is the “deposit bonus”. These bonuses always feature a percentage match amount. This figure lets you know how much of your deposit will be matched by the casino in the form of a bonus. For example, if you were to deposit 10mBTC with a 50% match, the Bitcoin casino would reward you with 5mBTC on top of your deposit. Some casinos will match bonuses as high as 200% or more!
- Total Winnings – to avoid the casino going complete broke, a capped limit to the total Bitcoin winnings will be put in place on each bonus. This limit will vary from one Bitcoin casino to another, however it typically ranges from 500mBTC to 1BTC. The higher limit, the more appealing the bonus is to high rollers. However, there is often a catch to these promotions that is explained further below.
- Additional Bonuses – in this new world of Bitcoin gambling, it’s not uncommon to find some pretty creative casino bonuses. New players may be rewarded with free entry into poker tournaments, raffle tickets and – most commonly – free spins. Free spins on casino slots are particularly popular – allowing new players to make risk-free bets on a range of games. A high match bonus with a large cap (for high rollers) and additional bonuses are in high demand. You can use the list of Bitcoin casino bonuses on this page to find the best one to suit you.
What’s the catch?
Savvy gamblers out there will know that these bonuses aren’t simply free giveaways (although those do exist from time to time). To unlock any of these bonuses, the Bitcoin casino requires that you meet a number of requirements. Each casino will feature bonus requirements, but these will range from “easy” to down-right impossible to achieve. Here’s what to look out for when browsing any of these Bitcoin bonuses:
Wagering Requirements (Rollover)
For all deposit bonuses, there will be a “wagering requirement” (also called “rollover”) put in place to stop players from depositing Bitcoin and immediately withdrawing their bonus. This wagering requirement stipulates the amount that must be wagered (as a multiple of your total deposit and bonus) before the funds can be withdrawn. This is best explained in an example.
A new Bitcoin player deposits 5mBTC in an 100% match bonus and receives an additional 5mBTC as a bonus. The wagering requirements at this casino are 35x, meaning that the total deposit and bonus (10mBTC) must be wagered 35 times (350mBTC) before a withdrawal can be made. Should the player be able to wager this much with their funds intact, the Bitcoin bonus will be eligible for withdrawal.
Typically a Bitcoin deposit bonus will not have a limit on how much you can win – although it’s always worth checking out the terms and conditions to be sure. However, if you enter into a no deposit or free spins bonus, then expect to find a maximum withdrawal limit in place. Sadly, this limit can be as low as 5mBTC or less, making for a significantly lower upside to any other form of promotion. If you opt for free spins or a no deposit bonus then do read the terms and conditions to avoid any nasty surprises. Once you’re clear on the terms, you can enjoy your free Bitcoin bets!
Bitcoin bonuses will also come with a time limit. From the moment you receive your bonus, you will have a set number of days remaining to meet your wagering requirement. Time limits can be anywhere from 7 days through to a month, although the latter is more common. As mentioned, always check the bonus’ terms and conditions to avoid falling into an awkward trap.
Bitcoin casino promotions rotate all of the time, and bonuses are often applied to specific slots or games. For example, you may find that bets only contribute to releasing your deposit bonus if they are wagered on Gonzo’s Quest or Endorphina’s “Satoshi’s Secret” Bitcoin slot. Different games also contribute different amounts to a bonus (or nothing at all). For example, betting on Blackjack may only contribute 10% of the total amount towards the bonus’ wagering requirement. If a rollover was 35x, then it suddenly becomes 350x if you were planning to just play Blackjack. Keep an eye out for game restrictions like these!
Minimum odds restrictions are also applied to sports betting. If the Bitcoin also offers a sportsbook, then you will also want to check any restrictions on “minimum odds”. Most Bitcoin casinos will only allow bets to contribute towards releasing a bonus if the odds are high. This makes it much harder for the bonus to be unlocked.