One of the essential factors when choosing an excellent online casino in Singapore is the casino bonus and the promotional offers it gives its customers. Most of the Singaporean online casinos offer a wide range of top online casino rewards or incentive to punters. The growing number of online casinos has skyrocketed in the past couple of years. This has led to a fierce rivalry between casino operators.
Consequently, different types of bonus offers are being used to lure new customers. Today almost all online casinos have an at least a welcome reward to all its original members. The casino bonus offers vary in size, and they are offered for different intentions. For instance, a welcome bonus provides a percentage match bonus on your first deposit. The match percentage and the terms vary.
For instance, Jack Million Casino rewards SG$1000 Welcome Bonus plus 200 free spins while Red Stag Casino offer SG$5500 Bonus. It is important to note that online casino bonuses come with varying wagering requirements. It makes no sense to waste your time chasing a gift only to realise later that it is not cashable. This is why you always need to read and understand every policy before you use any bonuses.
In this article, we’ll help you to understand the different types of bonuses available for Singaporean punters. We have also explained how each gift works and of course, some of the best casino sites with generous offers.
What are Wagering Requirements?
It is not possible to discuss casino bonuses without the mention of wagering requirements or play through terms. But what is a wagering requirement? It is a multiplier of the number of time a reward will be wagered before the winnings are withdrawn. Usually, the operator will state the number of times the bonus has to be played in the terms and conditions. The standard requirements range between 20X and 30X the amount.
For example, Casino Midas is offering SG$1000 Welcome Bonus plus 200 free spins to all new players. However, this bonus offer is subject to 40X (times) you deposit and bonus amount before it can be cashed out. Online casino games have different percentage contribution towards the wagering requirements. A good example is online slots which contribute a 100% towards the play through in online casinos.
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How Do Casino Bonuses Work?
Most bonus offers are made to appear as if they are free by casino operators. No casino will allow you to withdraw your winnings until you deposit some amount. And this is where most players get confused. To unlock the bonus amount, you will be required to part with some amount of money, in most cases, higher than the bonus. To avoid search confusion, you must visit the terms and conditions section of every bonus offer. You don’t have to worry so much about the bonus rules because it is not compulsory to use them. If you are new to Singapore online casino bonuses, here is how to the cost of any bonus offer. There are three key factors you need to understand first:
The Wagering Requirement; is the number of times the bonus needs to be wagered before the withdrawal of winnings is completed.
The Game Contribution Percentage; this is the amount contributed by every single game towards the wagering requirements.
The Game’s House Edge; is the total percentage of all bets taken that an online casino expects to benefit in the long term.
Note: The above mentioned three factors, wagering requirements, contribution percentage, and house edge combine to ensure that that the bet remains at a level where the expected loss is more significant than the bonus amount. If you choose to play without taking advantage of the bonuses, your expected loss with being calculated as:
Expected Loss = Bet Amount X House edge
Once you have understood how to calculate your expected loss in casino bonus, it will be easy to choose the right offer for you.
Best Casino Bonuses for Singapore Online Gamblers
Excellent gaming experience is not just about high-quality games, but the availability of generous bonuses and promotional offers to boost the player’s bankroll. Also, casino bonuses provide players with the opportunity to try new games. There are two main categories of bonus offers.
Deposit bonuses are the most popular offers, and they carry wagering requirements. This category is comprised of cashable and non-cashable or sticky bonuses.
No Deposit Bonuses
These bonuses are commonly offered in the form of free cash and free spins. The no deposit bonuses also come with wagering requirements and withdrawal limits.
The welcome bonus is one of the most common gifts offers at Singapore online casinos. The welcome bonus is eligible to all new players who make their first deposit at the casino. Depending on the casino site you are using, the welcome bonus offer can be anything ranging between 50% and 500%. But commonly its offered at a standard mark of a 100%.
The 100% is offered as a matchup bonus; the casino will match or double any amount you deposit. Let us take an example; a casino is offering a 100% Welcome Bonus and you a deposit of SG$200. The casino will reward you with another SG$200 to play with. Thus, your bonus balance will indicate SG$200 and the Main Balance $200, totalling to SG$400.
No Deposit Bonus
Most players are attracted to no deposit bonus offer for obvious reasons. Some casino operators offer new players a certain amount of money upon signing up to play with. The bonuses are offered in small amounts of around SG$10 or SG$50. The no deposit bonuses are considered the best because you don’t have to part with any of your cash. However, the fact that is free casino money, Singapore online casino operators tend to put strict limitations such as the wagering requirements to keep away jokers.
Since it is offered as part of the welcome perk, the casino may deposit it directly after your account is activated or you may be asked to visit the cashier. Regardless of the casino, this is an excellent opportunity to play different casino games and win real money without risking a dime.
After the welcome bonus offer is depleted, a casino will offer you a reload bonus to continue enjoying your favourite games. With this bonus, you get to benefit from the generous deposit bonus while recharging your account. In simple terms, a reload bonus allows Singapore players to claim a certain percentage of their initial deposit in the form of a gift.
The standard percentage of a regular reload bonus will vary between 50% and 150% depending on the casino site. Some Singapore online casinos like Omni Slots Casino (50% second deposit up to SG$200 plus 20 free spins on Jumbo Joker) offer free spins alongside the reload bonus. You will need a bonus or promo code to unlock the bonus offer. Like the welcome bonus, you need to understand all the terms before you accept any reload offers.
Payment Method Bonus
The individual payment method bonus is the way it sounds. Online casinos reward players with free money for depositing using a particular payment option. This bonus offer is used as a marketing strategy to promote new payment options. It is common for Singapore based casinos to offer players with up to 15% for depositing using a specific payment option.
High Roller Bonus
The top roller bonus is rewarded to players who gamble large amounts at a casino. Since these punters generate a lot of income to casinos, they are given special attention and treatment compared to regular players. Most online casinos have a particular deposit system for people who are willing to play high stakes. They also have wagering requirements which are supposed to be met before the withdrawal is accepted.
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Another vital casino offer is the loyalty bonus. These offers are available to all Singaporean gamers and they can in the form of reload bonus and monthly cashback bonuses. Some online casinos will reward you up to 100% bonus every month. Alternatively, other online casino reward players with loyalty points everytime they wager real money. The loyalty points will enable players to join the VIP program once they have reached the required amount. The logic is simple to understand, the more you play, the higher your chances of rising through VIP levels.
Most of the time information regarding loyalty points or the VIP program is left to the discretion of the operator. Unlike other bonuses, these offers are advertised to registered members through emails. Of course, VIP members are entitled to special treatments and exclusive bonus offers like birthday gifts, an invitation to events, account managers and much more.
Refer a Friend Bonus
This is one of the most comfortable casino bonus to claim if you are lucky to get one. You need to mobilise your friends for signing up using a particular link or referral code. You may be rewarded a small amount for merely bringing in new members, or you can get a percentage after they make their first deposits. Whichever way, it is worth trying.
Free Spins Bonus
One of the most popular casino bonus you will hardly miss in a casino is the free spins bonus. Slots lovers will find this very exciting as they will get the opportunity to test new releases. An excellent example of a Singaporean online casino offering new players with free spins is Diamond Reels. They reward you with 50 free to play Cash Bandit 2 video slot. The essential thing is to keep an eye on the wagering requirements before you accept playing with any offer.
Pros and Cons of Casino Bonuses
- Free money to gamble with
- Available in different sizes and forms
- Free Spins
- Opportunity to try new casino games
- Non-cashable bonuses
- High wagering requirements
- Many restrictions and limitations
Choosing Top Online Casino Bonuses
Online casino bonuses have become popular, and almost every online casino is ready to part with some money to lure new players. The biggest challenge for both beginners and experienced Singapore players is choosing a good online casino bonus. In this section, we have shared some tips to keep in mind when selecting a casino bonus. They are:
- The bonus amount
- Bonus minimums and maximums
- The variety of rewards
- The wagering requirements
- The software powering it
- The simplicity or easy-to-access
Also, we shopping for a reputable Singapore online casino, it is essential to consider several aspects. A good online casino must be licensed by a recognised authority like Malta and Curacao. It must be secure with 128/256-bit SSL encryption. Support a wide selection of safe payment options. Offer a wide range of casino games. Powered by a renown software developer. Offer 24/7 customer support service via email, telephone, and live chat. Some of the top casinos that meet the qualities mentioned above are:
- 100% up to SG$200 first deposit bonus
- 200 free spins
Jack Million Casino
- 100% up to $1000 first deposit bonus
- 200 free spins
Online casino bonuses are one of the primary reasons why internet gambling has become very popular. Unlike the brick and mortar casinos where rewards were less heard, online casinos offer a massive range and in different sizes. Singapore players will be lost for choice when they visit the aforementioned online platforms. They will be able to enjoy lucrative offers including new casino games. However, make sure to check the terms and conditions like the wagering requirements and the cashout limits, to be on the safe side. Gamble responsibly and all the best of luck.