Guide To How Online Bonuses Work In Casinos
Online casinos are typically much more rewarding than land-based casinos, the primary reason for this is the multiple bonuses and promotions they offer. Casino bonuses are special promotional offers that online casinos promote to potential customers as an added incentive to sign up for their site. Bonuses are one of the first things that players look for before deciding on which casino to join. Practically every mainstream online casino offers tempting bonuses to entice novice as well as veteran players.
Online gambling is a fiercely competitive industry, where casino owners are using bonuses as a marketing strategy to attract a multitude of players. These bonuses enhance our gambling experience and come in different forms and offer various benefits to boost our bankroll and help us get more value for our money. Depending on the type of bonus, it can be credited to new and existing players in the form of a sign-up bonus, free spins, no-deposit bonus, deposit bonus, general promotions, and many others. The following article covers the main types of casino bonuses.
Deposit Bonus
A deposit bonus is one of the most popular bonuses online gambling sites have to offer and are most commonly used in welcome bonuses. However, some online casinos reward loyal customers by offering deposit bonuses in a bid to compel them to make payments to the casino.
This offer requires players to place a bet by making deposits to play games such as blackjack, slots, roulette, poker, etc. The casino then matches our deposit up to a certain amount. It may be a 50%, 100%, 200%, or even up to a 500% match deposit bonus depending on the offer given by the site, with the 100% match-up bonus being the industry standard. A good example of this offer is that a 100% deposit bonus casino will match our deposit 1:1 with bonus money.
No Deposit Bonus
A no deposit bonus also referred to as a registration bonus, is a highly sought-after promotion and a good one can be hard to come by. These bonuses are relatively small and do not require players to deposit any money. This promotion can range from free spins to free cash or free play. A no deposit bonus merely requires punters to sign up to qualify. With this, rookies get the opportunity to play and understand casino games without any risk of losing money.
Before placing any wagers, players should always go through the conditions of these kinds of bonuses. Although these offers are free, meeting the requirements to cash them out can be very difficult. Punters may need to deposit some money eventually and meet some playthrough requirements to withdraw their earnings from the site.
Cashback Bonus
Nowadays, cashback bonuses seem to be on the rise in terms of popularity. This is an interesting incentive that attracts a large number of online gambling enthusiasts. Casinos offer these bonuses to their customers to encourage them to continue gambling there or to reward them for their loyalty. Casinos offer cashback on bets placed on specific days, time frames, or on certain games. This promotion is either incorporated in a welcome bonus or offered as a standalone offer during a particular promotion.
Cashback bonuses work by returning a specified percentage of a player’s net losses. When a punter loses a bet, the money is either returned to their accounts after a set period of time or they have the opportunity to replay with the same stakes. Some online casinos offer bonuses of 10% to 20% (these may vary from one casino to another) as a sign of goodwill from the casino. We can cash out the winnings after satisfying the wagering requirements.
Reload Bonus
This bonus is similar to the welcome offer given to new customers, except that a reload bonus is given out to existing players only and is smaller in amount. This promotion is a way for casinos to reward their customers for continuing to play at their site. A big advantage of this bonus is that regular players gain extra value on their deposits. A reload bonus can be in the form of a cash bonus or free spins.
A reload bonus is pretty straightforward and is rewarded to punters after they have used up the available welcome promotion and no deposit offer. Just as the name suggests, we can claim a reload bonus by reloading or depositing funds to our casino account. The reload bonus is a percentage of the funds we have deposited. To withdraw the bonus money, we have to wager it a certain number of times, depending on the terms and conditions of the casino.
Loyalty Bonus
Loyalty bonuses are usually part of an online casino’s loyalty program. This promotion is offered by operators to players who have a long-term association with a casino, with the purpose of thanking and rewarding them for their loyalty. Most times, a loyalty bonus is presented in the form of free spins, cashbacks, freerolls, entries into competitions, deposit bonuses, or free play depending on the casino.
Loyalty bonuses can also be in the form of points that are given out at the start of every game. We can use these points to claim a variety of bonuses. Another type of loyalty offer is included in the VIP/loyalty program of a casino. This program is usually split into different tiers or follows a point-based system. The benefits vary with each stage and mostly depend on our wagering history.
Conclusion
Bonuses and casinos go hand in hand. If we manage to understand and use these bonuses strategically, we can increase our winning potential to a maximum. Before registering to an online casino site, we should check out the term and conditions for the bonuses so that we can utilize them properly.
