Understanding Types of Online Casino Bonuses

April 14

Online gaming is a multi-billion dollar industry. The market size is already close to $59 billion, and researchers expect it to double in the next two years.

If you’ve played games in a virtual casino, you’ll know it’s fun. Gaming on the internet is also convenient as you can do it anywhere you can access the web.

Gambling on the web is an ideal pastime for people who enjoy privacy and prefer to avoid crowds. You’ll also save time and money since you don’t have to travel anywhere. You can play in the comfort of your home.

If you’re already a regular gamer, you’ll know about the bonuses that online gambling houses offer. You can find information about such incentives on many websites. There are even sites you can visit and check for new no-deposit casino lists.

For newbies, it’s essential to know about the offers as they’ll help you decide which portal to join. That’s if you’ve already shortlisted the sites based on the following criteria:

  • The owners have a license to run an online casino.
  • A reputable gaming authority issues the permit.
  • The site offers a variety of games.
  • There are no clauses in their terms and conditions that can make it difficult for players to cash out their winnings.

Let’s review the bonuses you’ll come across when you check out online casinos.

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Casino Bonus Types

This guide will help you understand the many types of bonuses and what they mean. You’ll realize that although these promotions appear attractive, they’re seldom straightforward and without a catch.

Knowing the restrictions that come with each incentive is essential. Many of them are so stringent to the point it can be challenging to withdraw your money.

The most common offers to players are:

  • Welcome bonus
  • No-deposit bonus
  • Reload bonus
  • Free spins

Now, we’ll take a closer look at each of the above incentives.

New Player Bonus

Almost all online casinos offer this promo. Also known as a welcome or signup bonus, it’s essentially an incentive to get players to join and make a deposit. This entitlement is only for newcomers. If you’ve registered before, you won’t be eligible.

A typical form of this bonus is an amount that matches the sum you deposit when you sign up. You’ll get more playing money. The percentage is 100% in most cases but can be as high as 500%.

For instance, if you put in $200 and the welcome gift is 200%, you’ll receive $400 from the casino. You’ll now have $600 to use in your games.

Don’t be too excited about very high incentives. They generally come with stringent requirements that you’ll find in the casino’s terms and conditions. After all, the owners don’t want you to pay $200 and walk away with the extra $400 without playing any game.

Of course, you don’t have to gamble until you lose everything, but you must play up to a specified minimum amount before you can leave with whatever balance remains, including your winnings.

An example of a wagering requirement is that you’ll have to bet 30 times the money in your account with the casino. So, if the total of your deposit and the bonus comes to $600, you must place wagers up to $18,000. This rule doesn’t mean you have to lose all of it.

Be sure to read and understand all the clauses so you won’t be caught unaware and unable to withdraw your cash.

No-Deposit Bonus

As the name suggests, you don’t need to make any deposit to earn this gift. This incentive is popular with new casinos that offer it to players to try out their site and games risk-free.

This promo is an excellent way to introduce a gaming house and get customers. However, as attractive as the promotion may seem, it doesn’t always benefit the new gamblers.

Online casinos usually impose strict restrictions to avoid individuals cashing out without spending any money from their pockets. The owners of the business are in it to make profits. They don’t want you to take the free bonus and leave.

These stringent requirements may include the following:

  • You’ll have to comply with wagering rules by making a deposit and betting a certain amount before you can withdraw your money.
  • A limit is set on your winnings to a fixed sum to minimize the casino’s losses. For instance, you’ll only be able to win a maximum of $200 from a $20 bonus.

You shouldn’t expect to win loads of cash playing with the amount you receive as an incentive. The idea behind giving you the free money is to try out the casino and its games.

Loyalty or Reload Bonus

This incentive is to reward you and keep you as a customer of the casino. Most gambling houses don’t announce this, but they’ll give it to you regularly as long as you play.

An example would be a monthly reward based on your previous month’s activity.

High Roller Bonus

At every casino, there are groups of players who spend massive amounts of cash. Online gambling establishments offer substantial incentives to these high rollers to encourage them to be regular players.

Free Spins

Free spins are worth very little, but if you play the slots, you’ll have more chances to win without spending any money. If you’re lucky, you might be in for a windfall.

Conclusion

You’ll come across many attractive bonuses as you check out online casinos. However, be aware that these are businesses and, as such, don’t give away free money. The offers are there to incentivize players to play at the site.

Don’t take the promotions at face value. Always do your homework and thoroughly go through the website’s terms and conditions to ensure that you understand the requirements before registering.


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