Online Casino Bonuses & Promotions Explained!
One of the biggest reasons why a lot of players gamble online is the presence of tons of promotions. Tight competition among online casinos prompt them to offer massive bonuses to their clients, particularly new ones. Hence, it’s no longer surprising to come across casinos that provide new players up to $100 just by making an initial deposit or by simply downloading their software.
In this article, we are going to talk about the different types of online casino promotions and bonuses which you can take advantage of.
The Essential Guide To Online Casino Bonuses:
Casinos provide online casino bonus as a means of encouraging players to sign up on their site, make a deposit, and spend real money to play their games. There are a range of different online casino bonuses offered, such as welcome bonuses, reload bonuses, loyalty bonuses, and more. To understand more about online casino bonuses, we have compiled a list of the most common casino bonuses and a brief explanation for each of them:
1. Welcome Bonus
This is the most common form of bonus offered by an online casino. A welcome bonus is a way of attracting new players to sign up to their particular online casino. A welcome bonus normally comes in a form of a percentage matchup to a player’s initial deposit. For example, if they are offering a 100% matchup and your first deposit is $100, another $100 will be credited into your account for free. This means that you will have $200 in your casino account balance that you can use to play your favourite games.
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2. No Deposit Bonus
A no deposit bonus is intended for players who want to play casino games without depositing money into their account. This is often offered by casinos to allow new players to try their games without any risk. The problem with a no deposit bonus is that they often come with very high wagering requirements (which we’ll get to later on) that you have to comply with in order to withdraw your winnings. Aside from wagering requirements, there might also be some game restrictions that apply which could limit your overall gaming experience.
3. Reload Bonus
A reload bonus, likewise known as monthly bonus, allows you to get a bonus on a monthly basis in order to keep you playing. For example, you can receive a 100% reload bonus of up to $100 during the first day each month from the casino you’re playing in. Most casinos will grant you monthly bonus depending on your activity last month. Hence, the more active you are, the higher bonus you can get.
4. High Roller Bonus
In some cases, online casinos will reward players who deposit more to their account, allowing them to play even more. Such players are called high rollers, and are given even bigger bonuses as compensation for their huge deposits. Sometimes they are given incentives such as tickets to sporting events, and more.
5. Payment Method Bonus
Online casinos come with a range of payment methods allowing you to deposit and even withdraw funds in your account. In some cases, they might even encourage players to opt for a certain payment method and provide them bonus for doing so. However, this type of online casino bonus isn’t that common.
6. Refer-a-Friend Bonus
This type of bonus isn’t too common nowadays, but it does give you bonus by simply referring a friend to sign up for a particular casino. In most cases, you can get the bonus upon a successful signup, but there are casinos that will only give you the bonus once your referrals make their first deposit.
7. Match Deposit Bonus
A match deposit bonus is when the casino will give you bonus credit that depends on the amount you choose to deposit. For example, if they are offering a %100 match bonus up to $200, then by depositing $100 you will get another $100 credit in your casino account as a bonus. This will mean you know has $200 to play on your favourite online casino games. However, the 'up to $200' is the limit of how much of a match bonus the casino is willing to credit you with. So for example, you will get an additional $200 of credit for depositing $200, but if you deposit $250 you will only get the same $200 as bonus.
What are Wagering Requirements?
A wagering requirement is basically a multiplier representing how many times you will need to play through a bonus before you are allowed to withdraw your winnings. For example, if a casino gives you $50 as a welcome bonus with a 5x wagering requirement, it would mean that you will have to spend at least $250 playing on eligible games before you can withdraw your pending winnings.
Any amount you win until you complete your wagering requirements will be labeled as 'pending' and can’t be withdrawn. A lot of people who don't understand the wagering requirements at casinos consider them complicated and tricky. But all it basically means is that you can't take their best bonus offer, the welcome bonus, and simply withdraw it as cash without giving their games a fair go first.