Online Casino Bonuses
The online casino industry is a billion-dollar worth business that has tremendously gained popularity in the past decade. One of the things that have contributed to the widespread use of gambling platforms is the availability of various bonuses and promotions. Online casinos are renowned for rewarding customers with different forms of incentives. These bonuses and promotions are helpful as they allow players to boost their bankrolls. Nonetheless, there are terms and conditions that punters must meet before they can claim initiatives. Of course, these terms of use will vary depending on the casino and the types of bonus you are claiming. Continue reading our comprehensive guide to discover more exciting facts about online casino best bonuses.
What is a Casino Bonus?
A casino bonus is an offer which is created for the players. This offer can be represented in many forms, such as free spins, cashbacks and bonus funds. The welcome bonus is the most popular and common type of bonus you will come across almost in every online casino. As earlier mentioned, these bonuses have terms and conditions which are used to prevent people from misusing them.
Types of Casino Bonuses
Welcome bonuses are what makes online casinos stand out from their offline counterparts. Without wasting time, here are the most popular bonuses you will hardly miss at an online casino.
Welcome/Sign Up Bonus
You can hardly find an online gambling platform without a welcome or online casino sign up bonuses. It is the most popular offer in the iGaming market. Normally, a casino will reward players a welcome bonus and free spins at the same time. However, it is only available to players who are joining for the first time.
First Deposit Bonus
Another type is called a deposit bonus. In a nutshell, it is given to players when they add funds into their accounts. The first deposit bonus is usually a part of a huge welcome package. And only new registered players can take advantage of this offer.
No Deposit Bonus vs Deposit Bonus
An online casino bonuses no deposit are given to players without depositing any funds in the account. This bonus is commonly used by casinos to attract new players to sign up or try a new casino game. Nevertheless, there are restrictions, including wagering requirements when it comes to no deposit online casino bonuses. All in all, there is no huge difference between no deposit and deposit bonus, however, make sure to check bonus terms.
Reload Bonus
Reload bonuses are offered to both new players and loyal customers when they top up funds in their accounts. The concept is that when you make a deposit, you can get something on the top. However, these deposit bonuses are not usually big like the welcome offers.
Cashback Bonus
When you play at online casinos, you expect to win or lose. Depending on the casino, cashback bonuses can be given daily, weekly or even monthly. Though this bonus does not cover all your losses, it will boost your account.
Free Spins Bonus
Free spins bonus is another popular incentive that is common in all casinos. Many online casinos give it to players to try out new games. Depending on the casino, the number of free spins can be given in batches of 10, 20, 30, 50 or more. Nonetheless, you must read the bonus terms and conditions before claiming the free spins bonus.
Table Game Bonuses
As was mentioned above, bonuses are usually meant to be used on certain casino games. Table games are not an exception: many gambling platforms offer generous blackjack, roulette, baccarat, and poker bonuses.
Loyalty Programs for Existing Players
Many online casinos reward their regular customers with a loyalty bonus or a chance to become VIP members. Of course, these bonuses are bigger compared to the usual offers. Moreover, they come with lower wagering requirements, which means you can get your winnings earlier compared to other bonuses.
HighRoller Bonus
Some online casinos reward high roller players for funding into their accounts. As a rule of thumb, such offers consist of large sums. For example, players might claim a 100% bonus of up to €1000. However, wagering requirements and first deposit are way too high, accordingly.
Refer a Friend Bonus
Many online casinos treat their customers with the Refer a Friend bonus. These offers are given when an existing player invites a friend to sign up using a special link. However, the bonus is only credited when the referred friend joins the casino and makes the first deposit. The referral bonus is not big, but it is better than nothing.
Online Casino Bonus Terms and Conditions
Even top casino bonuses online are not absolutely free, they come with special terms and conditions to be met before players can withdraw. Here are the most common casino bonus conditions you may come across:
Wagering Requirement
A wagering or playthrough requirement is the number of times you must bet the bonus funds before you can withdraw. Most online casino bonuses have wagering requirements to be met by players before they can withdraw their money. They are not only used to block people from abusing the offers. It is a standard protocol used to prevent money laundering activities. The wagering multiplier can range between 30x to 50x times the bonus amount.
Time Limit
Even the best online casino bonuses have time limits. Depending on the casino, the bonuses can be set to expire after 7 days, 21 days or 30 days. However, there are short-lived bonuses that are designed for weekends only and can be claimed on weekdays.
Game Limitations
Usually, online casino bonuses can not be used on all available games. Some offers are limited to the number and type of games you can play. You may find some bonuses are limited to slots, table games or live dealer games.
Bonus Code
Many online casinos require players to use special codes to claim bonus offers. The codes relate to the bonus that is being offered. For instance, you may be required to enter ‘WELCOME1’ when claiming the welcome bonus.
Minimum and Maximum Deposit
Every casino bonus has a minimum and maximum amount that you must deposit before you can claim them. This amount will vary depending on the casino and the type of bonus. The average minimum and maximum deposit are between $10 and $20.
Cashout Limit
Some online casino bonuses have withdrawal limits. This means that they dictate how much you can cash out from your account. The withdrawal limit will vary from one casino to another.
The Bottom Line
Now you know everything about top online casino bonuses, you can go ahead and claim any offer you like. The most essential thing is to read and understand the bonus terms and conditions before grabbing the available offers.
FAQ
1. How to claim the online casino bonus?
Claiming the online casino bonus has never been so easy. All players need to do is just register and deposit a certain amount of money. Then casino bonuses will be available. However, always read bonus terms.
2. Can I win real money with my welcome bonus?
In most cases, yes, players can win real money using a welcome bonus. Especially if it is a deposit bonus - you will need to wager the sum x times to get the winnings.
