Understanding Online Casino Bonuses: Common Types, Terms, and Conditions
$5,000 Welcome Bonus
One of the few great reasons why people are going online to gamble is because this is where they can make the most out of their gaming budget.
It’s not just because online gaming is cheaper since you don’t have to travel to visit land casinos, but it’s also because online casinos offer some of the most generous bonuses you won’t find elsewhere.
Online casinos offer a wide range of bonuses to attract new players and keep existing ones. Understanding how these bonuses work is essential to maximize your gaming experience and increasing your chances of winning.
In this article, we will discuss the different types of online casino bonuses and the common terms and conditions that come with them.
Understanding Bonus Wagering Requirements
Wagering requirements or required rollovers are the number of times a player needs to wager their bonus before they can withdraw any winnings.
For example, if a player receives a $100 bonus with a 20x wagering requirement, they would need to wager $2,000 before they can withdraw any winnings. That said, you should find bonuses with low wagering so you can easily get your payout.
High wagering requirements should be avoided if you don’t intend to play with a big amount at a casino.
Rollovers are put in place by online casinos to prevent players from simply claiming bonuses and immediately withdrawing the funds. You can find bonus wagering info by reading the bonus terms before claiming one.
There are online gambling sites like Bitstarz casino that offer bonuses without wagering, and they are the ones that have the best promos. Whatever you win the bonus is all yours right away.
Most Popular Types of Online Casino Bonuses
So, what are some of the most common bonuses you’d encounter in an online casino? Here are some of them so you can make an informed decision if they will be beneficial to your gameplay.
Welcome Bonus
The welcome bonus is the most common type of bonus offered by online casinos. It is a promo offered to new players when they sign up and make their first deposit.
It could come in the form of a match deposit bonus, where the casino matches the player’s deposit up to a certain amount, or free spins on selected games. There are online casinos that also offer bonuses on specific game titles only.
No Deposit Bonus
The no-deposit bonus is a free reward given to new players. You can get this by simply signing up at an online casino. No need to make a deposit.
This bonus is usually in the form of free spins or a small amount of bonus money. It is an excellent way for players to try out an online casino without risking their money. It’s a free way to win real money, but it usually comes with strings attached.
Most no-deposit bonuses have high wagering requirements, so you might end up wanting to deposit more so you can complete the rollovers.
Reload Bonus
Reload bonuses are for existing players and it’s credited when they make a deposit. It is a way for online casinos to keep their existing players happy and encourage them to continue playing.
The reload bonus can come in the form of a match deposit bonus or free spins on selected games. Some online casinos offer monthly, weekly, and even daily reload bonuses.
Loyalty Bonus
The loyalty bonus is a reward given to loyal players who have been playing at an online casino for a long time or have placed a lot of real money bets.
A loyalty bonus can come in the form of cashback on losses, free spins, or exclusive access to special promotions and events.
There are casinos with loyalty programs instead wherein you earn points for every bet you place. You can save those points up and once you have enough, you can then exchange them for exclusive bonuses.
Refer a Friend Bonus
You can get this type of bonus by referring your friends to an online casino. A referral bonus is usually a fixed amount per person you successfully refer to at the casino. Some online casinos can give you unlimited referral bonuses, but some cap the amount you can get.
Conclusion
Overall, getting an online casino bonus is a great way for players to enhance their gaming experience. It can help prolong your gameplay, and the longer you play, the better your chances are of winning.
However, make sure that you understand the different types of bonuses and the strings that come with them before claiming any. Always read the fine print!
