There are hundreds of options today when it comes to online casino websites where players can try their luck to win cash prizes. Since competition is tight in this industry, online casinos are doing their best to attract new players and expand their user base. They have many different strategies for this, such as adding more game titles regularly, widening the payment options that players can use to deposit and withdraw money, and offering various bonuses.
If you are into playing online casino games, you’ve probably encountered a few different bonuses that are designed to motivate players to play regularly on the website. It is actually an effective marketing tool for online casinos while being beneficial for the players, as well. However, some newcomers are familiar when it comes to these bonuses. If you are quite new in the world of online casinos and you’d like to know how you can get the most out of the bonuses you are given, the first thing that you need to do is be familiar with how each of them works.
Learning about how online casino bonuses work can help in boosting your bankroll and improving your overall experience. In addition to that, the bonuses that you get will enable you to try more games and have more fun. To help you, below are some of the different types of online casino bonuses.
Welcome Bonus
The welcome bonus is the most common type of online casino bonus that you will encounter. It is also referred to as the first deposit bonus, sign-up bonus, or new player bonus. The welcome bonus may vary depending on the online casino site you are playing at. It may come in the form of free money, which you can use to try out the games on the site and get a chance to win without spending any amount yet. In addition to that, it can also be a free spin bonus that you can use to play online slots for free.
There are also other types of welcome bonuses, such as deposit and no deposit bonuses, that you will further understand as you read this article. Many people are signing up on different online casino sites to take advantage of the welcome bonuses that each of them offers. It is great if you can find an online casino site that is generous when it comes to their welcome offer.
Deposit Bonus
This type of bonus can be given as a welcome bonus for new players, but it is usually enjoyed by regular players in an online casino. It is also sometimes referred to as reload bonus. This type of bonus will make money in your account bigger. For example, an online casino may offer a +50% deposit bonus. This means that when you deposit a certain amount of money to your account, you will receive an additional 50% of the amount you have deposited. The amount to be given varies from one casino site to another.
Also, remember that almost every bonus comes with wagering requirements. Therefore, ensure that you are aware of the requirements, so you will know how much you need to wager for you to withdraw your funds and winnings that are associated with the bonus that you received.
No Deposit Bonus
This bonus is the complete opposite of deposit bonuses. This type of promotion does not require the players to deposit any amount of money to claim the bonus. It is mostly given as a welcome bonus. An example is this 20 euro bonus that you can get without the need to deposit money into your account. However, keep in mind that no deposit bonuses usually come with a set of conditions of their own. Usually, the wagering requirements for no deposit bonuses are higher compared to other types of bonuses.
There can also be some restrictions included. But one way or the other, a no deposit bonus is completely free money given by the online casino to its player. That is why they can set the terms up any way they like. To make the most out of it, try to search for no deposit bonuses that also come with free spins. They can be rare, but you can use them to your advantage if you find some.
Free Spins
If you love playing online slots and video slots, you will surely like this type of casino bonus. It is also usually given as a welcome bonus. But many online casinos hand them out quite regularly, too. You can get free spins in batches of 10, 20, 30, 50, 100, or even more. However, most spins come with some playthrough requirements. But there are also other online casino sites that offer wager-free free spins.
Free spins are too good to miss as they are completely free. Sometimes, free spins come together with deposit bonuses. Therefore, on top of your cash bonus, you may also get a few dozen free spins that may give you more chances of winning some money.
Loyalty Bonuses
Loyalty bonuses are also known as VIP bonuses. These are usually given to regular players who stick to one casino long enough. When you are a VIP at an online casino, you will get bigger and better rewards and promotions. There are online casinos that offer lower rollover requirements for VIPs. This means you can get a chance to withdraw your bonus and winnings sooner.
Therefore, if you regularly play online casino games, it is great if you can find a site that offers good loyalty programs. These can help offset your losses in the long run and can also make the experience of playing more fun.
Cashback Bonuses
There are also some online casinos that offer cash back bonuses. It is usually given to players who are on a losing streak. These may be small amounts of money but can help in covering losses. They can be given by the online casino on a daily, weekly, or monthly basis. There are also times when the bonus credit is required to be wagered. Therefore, before you claim a cash back bonus, make sure that you read and understand the terms and requirements that it comes with.
These are some of the different types of bonuses at online casinos. These are just the most common ones as some online casino sites can create their own kinds of bonuses to attract more players. Whether you enjoy playing slots, table games, or video poker, there is just the perfect type of bonus for you out there. We hope this article helped you learn more about the types of bonuses at online casinos.