Almost every online casino now has a variety of bonuses and promotions. While you may understand that these bonuses buy you more playtime, you may have trouble understanding how they work.
If you don’t understand online casino bonuses, you may have difficulty determining the best ones. There are lots of online casino bonuses and they all have unique benefits.
1. First Deposit Bonus
This exciting casino bonus is typically used as part of a welcome bonus. You get money to bet with after investing some of your own. If, for example, you deposit at least $50, you can get $150 for free. That is an additional $100 to bet with.
While this bonus type is often mistaken for the no-deposit bonus, they are not the same. With free money bonuses, you typically need to make a deposit before enjoying your bonus.
2. No-Deposit Bonus
This is the simplest, most popular bonus type. You simply need to register your account and claim your bonus. You get your money without making a deposit. Usually, the money is credited to your account automatically. Other times, you may need to claim it through a submission form or email.
Even though it is simple, this bonus may come with a few limitations. Always read the terms and conditions to ensure that you know exactly what you are getting. One of the most common limitations is with the maximum amount you can withdraw with this bonus. Some sites demand that you make a token deposit before you can withdraw your winnings.
3. Exclusive Bonus
As the name suggests, this bonus is only available to exclusive players. You will see these bonuses at sites where the gambling platform has made an exclusive deal with the owner.
There are different variants of exclusive bonuses. What you find in one casino won’t necessarily be available in the next. Always read the terms and conditions of the bonus to ensure that you understand it.
4. Match Bonus
With this bonus, you will get a match for the deposit you place at an online casino. Note that the amount is only matched up to a specified amount. For example, some casinos will give you a 100% match bonus up to $300.
This means that for every amount you deposit into an online casino, you will receive 100% more money to your account. However, you cannot get more than $300 back. This deposit offer is great for new players looking to make profits from their first deposit. Always consider the bonus percentage amount to determine if you will be getting value for your money.
5. Sticky Bonus
When online casinos give you this bonus, you can use it to play, but you can’t withdraw the bonus amount. This means that the casino will give you some free money to play with. Once you hit the wagering requirement, you only get to withdraw your winnings. You can’t withdraw the initial bonus.
Most sticky bonuses are very generous. You can take advantage of them to boost your bankroll significantly. Even though you don’t get to keep the initial bonus amount, you can use it to hit big wins.
6. Loyalty Bonuses
Online casinos give loyalty bonuses to appreciate their loyal players. You are likely to receive them after attaining a certain status. Different online casinos have different types of loyalty bonuses.
Usually, you have to meet a specified token requirement to access the bonus. In some casinos, you don’t have to meet playthrough requirements to enjoy this bonus.
7. Free Spins Bonuses
With these bonuses, the casino doesn’t give you an amount to bet on. Instead, you will get free spins on certain online slots. The winnings accrue over time, and the best thing about the bonus is that you don’t have to pay for it.
The amount bet per spin depends on the online casino. The winnings are regarded as a bonus and are eligible to wagering requirements. You may receive free spins bonuses in three main instances.
First, they may be part of a deposit welcome bonus. You are expected to exhaust the free spins within a specified period. Remember that the bonus only applies to certain slots.
New online casinos may offer free spins shortly after their launch. Usually, the goal is to make these games more popular. Finally, free spins may come as part of a prize during promotions.
Understanding Wagering Requirements
Like with every great thing, online casino bonuses always have a catch. Wagering requirements can be the difference between a great and an awful casino. Even though casinos want to give you the best experience, they also need to make profits. If they dished out money with no way of getting it back, they would lose income.
A wagering requirement is a specified amount of your money that you need to bet before receiving winnings from your bonus. Some casinos have fairer wagering requirements than others.
These wagering requirements have time limits as well. This means you need to play through them within that period, or you could lose your winnings.
When shopping for online casino bonuses, find options with small wagering requirements and higher time limits.
Playthrough goes hand in hand with wagering requirements. It refers to the number of times you need to bet your bonus balance. If you get a $20 bonus, wagering requirements might demand that you play through the amount 20 times.
Don’t Abuse Bonuses
Bonuses can be addictive, and it is easy to abuse them. Online casinos offer plenty of bonuses to attract new players and encourage existing ones to keep playing. Since they are meant to lure you in, they give you value for your money.
However, the bonuses aren’t always as fantastic as they may seem. In the long run, they could cost you more than you imagine. If you are trying to make profits, they could be worthless.
Whether you are trying to make profits or improve your experience, take advantage of bonuses and promotions responsibly. Do your research and read the terms and conditions before you start betting.