Different Types of Online Casino Bonuses
, this article will explain the various types of bonuses you will be offered at online casinos. There are many types but bear in mind that some online casinos will use other names for them.
Welcome Bonus
The most common form of bonuses offered by casinos are known as a welcome bonus, new player bonus, 1st deposit bonus or sign up bonus. They normally come in the form of a 100% match up to a certain amount. For example, SlotsMillion Casino offers you a 100% welcome bonus up to ?100. This means that if you deposit ?100, you will receive a ?100 bonus and have a total of ?200 to play with.
In terms of levels of welcome bonuses, they range from 50% up to 500% in some cases but, as stated, the most common % is 100%. Anything above 200% should be looked at carefully as there may be a lot of restrictions when it comes to withdrawing the bonus itself. In order to claim these bonuses, casinos sometimes specify you use a bonus code or coupon. At , we give you this information so you know exactly what to do and don’t miss out.
No Deposit Bonus
These bonuses are designed for players to receive a bonus at the particular casino without them having to deposit their own money. Newer casinos tend to use these promotions to get players to try their casino or a new game without any risk. 32Red Casino offers all new UK players a ?10 no deposit bonus which is good.
One thing to bear in mind is the restrictions in place with no deposit bonuses – many online casinos will include a very high wagering requirement or http://www.casinosreview.ca/5-deposit other restrictions in order to reduce the level of abuse they could receive. This means that players taking the no deposit bonus will need to deposit their own funds before they can withdraw the no deposit bonus and subsequent winnings.
There may also be geographic restrictions. If you are outside the UK, the quality and quantity of no deposit bonus offers can vary. For example, the newly fledged American online casino market has been making the most of no deposit bonus codes USA to offer some truly huge bonuses to players, often exceeding $1000.
Furthermore, wagering requirements and game restrictions will apply. As mentioned in the opening paragraphs, games like blackjack have a low house edge so may not be allowed to be played. Wagering requirements are normally very high for no deposit bonuses compared to other types of casino bonuses as this is completely free money the casino is giving away.
If you take 32Red Casino for example, you can win a maximum of ?100 from the ?10 no deposit bonus. This caps the potential losses for online casinos on a no deposit bonus.
Monthly/Deposit Bonus
This can be referred to as reload bonuses, deposit bonuses or loyalty bonuses and basically you get a bonus on a monthly basis (for example) to keep you playing – most online casinos don’t publicise this per say but do offer them to their playing customers.
Furthermore, most casinos will offer you a monthly bonus dependent on your previous month’s activity (probably via email). Normally monthly bonuses are not as high as welcomes bonuses but again, this is dependent on your activity.
Payment Method Bonus
Online casinos offer a wide range of banking methods for you to deposit and withdraw your funds. They might want to encourage their players to use a certain payment method (normally an e-wallet payment method) and offer an additional bonus as well as the welcome bonus for using the specified payment method. These types of bonuses are not very common though and are found less and less and e-wallet solutions such as NETeller and Skrill are normally excluded for use when claiming a bonus.
High Roller Casino Bonuses
Some online casinos want to attract players who deposit more and in turn play more. These players are known as high rollers, VIPs or whales and they are given bigger amount bonuses for their higher deposits. Apart from being offered other perks and incentives such as tickets to sporting events, a 100% welcome bonus up to ?100 may not be appealing to a high roller. This is always offered on a case by case – dependent on your activity at a particular online casino.
Refer a Friend Casino Bonus
This kind of bonus is not very common nowadays but basically you will get a bonus when you refer a friend. This is a good way for online casinos to get customers cheaply though.
Free Spins
Free Spins (in the many forms) seem to be the growing trend for online casinos – they can be called free spins, bonus spins, extra spins, welcome spins, cash spins etc. Most free spins come with wagering requirements and are offered to new players to try a special video slot or group of video slots. Operators such as Casumo Casino and bgo Casino try to entice new players with no deposit free spins. If you take bgo Casino for example, all their free spins come with no wagering requirements so all winnings are yours to keep thus make them actually free.
Furthermore, many online casinos offer welcome bonus and free spins – if you look at NetBet Casino, you can get a 100% first deposit bonus up to ?200 plus 25 free spins (with 40x wagering requirements) on any NetEnt video slot. Then you can get 75 and 100 free spins on your 2nd and 3rd deposits.
Summary
In general, casino bonuses are a great tool used by online casinos to get you to deposit and play. It works both ways as you can have additional money to play your favourite casino games with.