There are many types of bonuses offered by online casinos to attract new players and retain existing players. Here are the most common types with their advantages and disadvantages:
Description: This is a code you need to use and sent to casino to get your money/spins
You have a unique bonus
Often long internet searches before you find it
Not every casino has a bonuscode
Description: This is a bonus that new players receive when they first register at a casino.
Large bonus amount to start with.
Encourages players to try various games.
Often high wagering requirements.
Time restrictions on using the bonus.
Description: A percentage of your deposit is added as bonus money.
Increases your playing capital.
Flexible to use (depending on the casino).
Possible minimum deposit amount required.
Description: A bonus you receive without having to make a deposit.
No financial risk.
Good way to explore a casino.
Very high wagering requirements.
Description: Free spins on a slot machine.
No immediate financial risk.
Opportunity to discover new slots.
Usually limited to specific games.
Wins are often subject to wagering requirements.
Description: A percentage of your losses is given back.
Reduces the risk of losses.
No or low wagering requirements.
Usually a low percentage of losses.
Some casinos set limits on cashback payouts.
Description: Especially for players who deposit and wager large amounts.
Large bonus amounts.
Extra privileges such as a personal account manager.
Requires a large initial deposit.
High wagering requirements.
Description: Points earned by playing casino games, which can be redeemed for bonuses.
Rewards consistent play.
Often no wagering requirements for points.
Points can expire.
Higher levels are often difficult to achieve.
General Pros and Cons of Casino Bonuses.
Increases your gaming budget.
Opportunity to explore new games.
Wager requirements can be strict.
Time restrictions on using the bonus.
Types of casino bonuses in the world
There are several types of casino bonuses in the world like:
First of all, there is the so-called ‘Sign-Up Bonus’. This bonus is meant for new players. You need to register first to benefit from this option. The next step is to make a deposit. Online casinos also use different minimum deposits, so look this up as well. The disadvantage of the Sign-Up Bonus is that you can benefit from it just one time. .
Bonus Loyalty points
Online casinos do not only reward new players, but experienced ones as well. In that case they become part of so-called ‘VIP’ or ‘loyalty’ program. If you visit the casino often, you’ll be rewarded with nice bonuses or some extra spins. However, it’s always important to read the rules of the online casino though, so that there are no unwanted surprises. Perhaps it’s the best to combine two things: sometimes a great night out, and sometimes a nice evening in an online casino.
An interesting term in the world of bonuses is the so-called ‘Bonus Whoring’. It means that someone registers himself at several online casinos, to benefit from the sign up. Then he or she withdraws the money, and becomes a member of another casino with a better bonus. Another way to make money is to play a lot. You’ll be rewarded with ‘loyalty’ when you visit a casino often. In many online casinos you can reach this level by earning enough points. You can become a ‘Gold’ or even a ‘Platinum member’, and receive unique and fantastic cash as result.
Bonuses added to your account
The way bonuses are added to your account is quite simple actually. After your deposit, the casino will add an extra percentage to it. For example, a deposit of € 10 euro becomes 20 euro, or even more. In a sense, it is a discount. Perhaps a practical example makes it more clear. If you play with 100 euro, and there is a bonus of 20 percent, you can play with 120 euro eventually. Of course a casino never gives away a bonus for free. You always need to make a minimum deposit to play. Sometimes this is only 10 euro, whereas in other places you need to pay at least 20 or 30 euros.
Obviously, online casinos want to attract as much people as possible. This is why they use the so-called ‘Refer-a-friend’ If one of your friends become a member of your favorite casino, you will receive a great bonus. So tell all your family, friends and acquaintances about your casino experience. The only thing the new casino members have to do is mention you. Afterwards you’ll receive a nice bonus percentage. Sounds great doesn’t it?
Some casinos are so incredible that you don’t even have to make a deposit to enjoy a great bonus! The website gives you the possibility to try the casino games for a while. Try to taste the atmosphere and see the variety of games, for example. By offering a no-deposit bonus, the online casinos hope to attract new players. They also hope that some people will return after trying one game or another. However, in every online casino some rules apply. Wagering-requirements are used almost everywhere. Always read them thoroughly, and be careful!
In a sense, the so-called Free Play bonuses are the same as the no deposit. However, you cannot win money because of it. This is because free play bonuses are mostly part of special promotions. For example, they’re only part of some games that the casino wants to promote. Players learn to know the game a little bit better, and perhaps they want to go on with it. However there are limitations for play time and money. So ‘Free Play’are actually some sort of a demo. You need to make a deposit if you want to play further.
Complicated wagering requirements
You have to realize that highest bonus is also tied to the highest wagering requirements. So if you gamble with huge amounts of money, the rules of the casino will be complicated as well. This makes it very difficult to get your bonus. It shows that the highest is not always the very best. So always be careful when you search for an online casino. Sometimes the wagering requirements are just impossible to cope with. You shouldn’t lose too much money and time because of it. It’s better when you look a little bit further. Hopefully it has become clear that you need to be careful as a casino player. Always pay attention to the terms and conditions of the casino’s. Never underestimate the wagering-requirements!