Online casinos have nowadays ramped up their bonus programmes. This is done to attract new customers who have also become very picky about the casino they work with.
For most players, the type of casino bonuses and promotions offered will determine whether they sign up or not. However, with so many options to choose from and hundreds of online casino operators, it’s quite difficult to understand the different types of bonuses offered.
In this post, we’ll be looking at the different types of casino bonuses and how to take advantage of them.
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What Is A Casino Bonus?
The simplest way to think about casino bonuses is as any free offer made to a user when they show their commitment to the company. There are different levels of commitment to an online casino and for each you’re rewarded with a different offer.
These promotional schemes are unique to online gaming because it’s impossible to have them in physical casinos. Think about it, would you ever get free money or free spins at a casino in Vegas? No, you wouldn’t. That is why online casinos make full use of such incentives to keep players happy.
Why Do Online Casinos Offer Bonuses?
You may be wondering why any business would give something for free to the customers. For online casinos, it’s all about attracting new players and keeping them loyal to the site.
Attracting New Players to The Platform
There is a lot of competition in online gaming with hundreds of online casinos. Players looking for a new casino will be incentivized by an offer of free money and join the one offering the best bonus. It’s also why gaming companies try to one-up each other by raising the offered amount, sometimes even doubling a user’s capital.
Keeping Current Customers Loyal
In most cases, casino bonuses equate to free cash that can be used in the casino. This means you can keep playing longer and play more games than your deposit would have allowed you otherwise. The casino will usually continue providing more offers as you go, keeping you loyal to the platform and unlikely to sign up with the competition.
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The Different Types of Online Casino Bonuses
There are many different types of online casino bonuses. Let us take a look at some of the most popular kinds you may find on the market today.
No Deposit Bonuses
The no deposit bonus is the first casino offer you’re likely to receive the moment you sign up to an online casino. In most cases, the offer is a limited number of free spins that you can use on slot games, but it could also be a small amount of credit cash. That bonus money can be used on all games offered at the casino, including table games.
You will be required to meet certain wagering requirements before cashing out any winnings made from this bonus. For example, you may be required to wager the bonus amount a couple of times before you can withdraw your winnings. It’s still a great offer, nonetheless.
When you make your first cash deposit, the casino will likely match it in the form of a welcome bonus. The percentage usually ranges between 50% and 100%, though some sites will go as high as 200%. Even so, there is usually a cap. For instance, you may see a 200% welcome casino offer for up to $400.
This type of casino bonus gives you a larger bankroll to play with on the platform, so that you can enjoy more games. Alternatively, you could even choose to place higher wagers on the games for potentially more profit.
Deposit Casino Bonus
These casino bonuses are usually given in the form of free credit. You can use them on a wide range of games. It will be less than the welcome casino offer but still very much worth it.
Keep in mind that this offer is not permanent and will be limited to, say, the first 5 deposits. If the deposit casino bonus is about 50%, you will be getting half of the deposited amount for free.
Reload Casino Bonus
They are very similar to deposit bonuses but differ in that reload bonuses are specific. For example, an online casino can offer a reload casino offer when you make a deposit on Friday, or if you lose money and make another deposit in the same week. This kind of casino offer is designed to keep you in the game and looking forward to the next event.
For slot games, you may receive an incentive in the form of free spins rather than cash. Nevertheless, the idea is largely the same because the free spins will allow you to play longer at the slots.
A casino may reward you the longer you play at their platform as a form of loyalty programme. It will most likely be in the form of reward points that can be used on various games, but you may also get free spins and additional deposit bonuses. On occasion, a casino’s loyalty programme may even include prizes and vacations, all aimed at loyal users.
High Roller Bonus
In every casino there’s going to be someone spending big money. If you’re one of those people, a meagre $200 casino offer wouldn’t be worth it. In your case, you will be eligible to receive special bonuses as a high roller with plenty of perks and rewards.
This is one where the casino will give you back a percentage of the losses you made playing games on the platform. The cashback bonus offer may be calculated from daily losses, weekly losses, or even monthly losses, with the percentage credited to your account.
Just like retail stores use coupons, online casinos use bonus codes. When you apply one of the offered bonus codes, you receive a special offer either as a cashback, free cash, points or free spins.
Bonus codes are usually given by a company’s affiliates to increase the number of customers, but they can also be given by the casino itself.
Game Specific Bonus
Most online casinos have hundreds of games you can play, but most players only know a handful of them. In order to highlight some of the other options in the library, a casino may give a specific gratuity for that game so that people give it a try.
Because it’s specific for a single game, it will most often be in the form of points or a promotional period such as ‘double rewards for 1 hour’. This is a good opportunity for you to try a new game and to increase your earnings.
Payment Method Bonus
Just like with the game specific casino offer, a casino may also want to promote a particular method of payment. To do this, they will either offer points or cash every time you use that method to deposit money to your account.
Referrals are one of the most effective ways of attracting customers, and casino operators are well aware of this. The refer-a-friend offer is an incentive for you to recommend the casino to a friend and bring them over. The rewards will keep getting bigger the more friends you invite, while the casino gets more new users.
Online casinos target accomplished gamblers exactly because they get huge financial benefits, and so they have special bonuses for such customers. In addition to the loyalty program, there is also a VIP Bonus shown through a certain membership level according to how often the player fills a deposit and places a bet.
Each level of VIP membership will get different benefits. Most commonly, you will get bonuses in the form of cash prizes, free spins, cashback, and receive special offers.
There are a plethora of other types of casino bonuses offered, including, but not limited to:
- Insurance bonus
- Timed bonus
- Risk-free bonus
- Match bonus
- Percentage offer, etc.
Should You Take Casino Bonus When They Are Available?
There are many advantages that come with taking a casino bonus. It gives you the opportunity to make bigger bets and potentially win more money. It also allows you to play longer either because of the larger bankroll or cashbacks and points you accumulate out of the loyalty programme.
The most important thing to keep in mind before claiming a casino bonus is to read the wagering requirements. The last thing you want is to be denied the chance to withdraw your money because you did not meet them.
How Do You Know When A Casino Bonus Is Good or Bad?
While most casino bonuses are intended to keep you playing for longer, some casinos have sinister motives. There are many fraudulent casinos that will use bonuses to attract new customers and then make it incredibly difficult to claim the cash.
You will be able to tell when a particular casino offer is good based on the terms and conditions of the bonus itself. Make sure that:
- The conditions should be realistic and achievable. For instance, a casino may want you to make a certain number of bets before the offer is redeemed.
- There should be no strings attached to the offer. A potentially bad casino offer is one where the operator demands a certain cash deposit to your account before redeeming the bonus.
- Research the company behind the casino. If the company has negative reviews and a history of not paying up, that is probably going to be a bad casino offer.
Take the time to read the terms and conditions of any casino bonus before claiming it. Some bonuses may have complex wagering requirements, so you want to be sure you can meet them before taking the opportunity.
How to Claim Casino Bonuses
Once the wagering requirements are met, the casino bonus should automatically transfer to your account. If not, try the following:
- Re-read the Terms and Conditions because they may have changed
- Find out if the offer has expired or been pulled
- Contact customer support and describe your problem
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All bonuses come with some sort of requirement before you can claim it as your own. It is usually determined by the number of bets you have to make before you can redeem your cash.
A standard number of bets is around 30x, which means you have to make bets worth 30 times your bonus before you can withdraw. The higher that number becomes, the less likely it becomes to actually fulfil the wagering requirements.
Find out the specific wagering requirements of your preferred online casino to determine if it’s possible to achieve them.
Do Casinos Offer Mobile Casino Bonuses?
Indeed, they do. There should be no difference whether you play on a desktop computer or a mobile device. The only factor that matters is whether or not you have fully met the wagering requirements and fulfilled all the conditions. In fact, a casino may even necessitate playing a few games on mobile before claiming the reward.
Considering how beneficial casino bonuses can be, it is in your interest to select the casino that has the best value ones. Not only will this give you a bigger bankroll, but it’s also a sign of a competitive company. That is what you want from a casino because it shows they care about their customers and are striving to keep them happy.
Casino Offers vary in type, and it’s possible to receive multiple bonuses for reaching various achievements.
Yes, the bonus will be given to you free. However, you may need to meet some requirements on the platform before you can withdraw the bonus plus the earnings.
Perhaps the main disadvantage is that a bonus makes you lose sight of the endgame. Although free, a bonus can make you overspend or make careless mistakes thinking it doesn’t affect you as it is free money.
Generally yes, but it depends on the requirements and conditions placed on the bonus by the casino. If these are met, you will then be able to withdraw the bonus as cash.
We believe so. But do not forget to be cautious about your money and following the strategies you had already established for yourself.
Like coupons at a supermarket, a bonus code is a specific code you can use to activate a bonus from the casino.
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