Online casinos have a massive following today, more than ever before. And with their increasing popularity, they’ve all come up with many different bonuses and promotions to attract and retain new customers, such as https://icecasino.com/en-ca/nodeposit-bonus. So, as a beginner, you may find it tough to navigate the online casino bonus world and pick the right offer for you.
But picking the right casino bonus can significantly impact your overall gaming experience and chances of winning. In this post, we attempt to break down the world of casino bonuses to help you make informed choices each time you play at an online casino.
What Are Casino Bonuses?
Casino bonuses are small freebies or rewards that players receive from a casino once they do certain activities at the site. All casinos dole out bonuses to entice new players to:
- Sign up for a gaming account
- Make a deposit
- Place wagers on games
The purpose of casino bonuses is to give players incentives to take these actions on the betting platform. All online casinos employ this marketing strategy to encourage casino players to play regularly and record some wins. In return, casinos earn long-term income and turn a profit.
Types of Online Casino Bonuses
All casinos offer various bonuses and promotions to attract new customers and retain current ones. The most common online casino bonuses include:
Welcome Bonus
This bonus usually encourages new players to register for a gaming account, deposit money, and start playing. A welcome bonus can be given as a percentage match of your first, second, third, fourth, or even fifth deposit.
For instance, you may get a 100% welcome bonus on your first deposit of up $1000 if you deposit at least $20. So, if you put down $100, you’ll get another $100 ($100+$100).
No Deposit Bonus
Did you know you can claim a bonus without making a deposit? That’s right! It’s called a no-deposit bonus, and it’s typically smaller than a welcome bonus. It’s available as bonus cash, free play time, or free spins.
Free Spins
A free spins bonus doesn’t directly involve free cash. Instead, you get a specific number of spins on particular slots at the casino. Free spins are almost exclusively dedicated to video slots and can come as part of your welcome bonus or a standalone offer.
You’ll typically use a free spins bonus to place free bets on slots. If you win money, you must fulfill specific wagering requirements to withdraw it.
Reload Bonus
Reload bonuses are similar to deposit bonuses since they’re offered each time you make a deposit at the casino after your initial deposits. While they aren’t as large as welcome bonuses, they’re a helpful way to increase your bankroll.
Cashback
Cashback is a bonus that’s offered to players who regularly place wagers at the casino. It’s given out to cover a portion of the losses you make at the casino over a given period, e.g., a week.
The percentage typically ranges between 5% and 30% and is automatically triggered once you lose cash during the specified period.
Loyalty Bonus
Most casinos reward loyal players with loyalty bonuses. As you regularly play games at your favorite casino, you accumulate points and climb up the loyalty ladder. And as you rise up the levels, you can unlock plenty of rewards, including regular cashback, free spins, birthday gifts, deposit bonuses, invitations to live events or exclusive promotions, etc.
Referral Bonus
Some casinos offer referral bonuses to players who refer their friends to sign up with them. For example, your casino can offer you 50 free spins if your friend uses your referral to join the casino.
Understanding Different Casino Bonus Terms
The most essential condition of all casino bonuses is the wagering requirement, which comes in the form of a multiplier, such as 20x, 30x, 50x, etc.
A wagering requirement specifies how many times you must bet your bonus amount before you can withdraw any winnings. For example, if you receive a $200 bonus with a 30x wagering requirement, you must place wagers worth $6,000 (200 x 30) before you can withdraw any winnings.
Other common bonus terms and conditions include:
- You can’t open more than one account at a casino. Only one casino bonus is to be used per gaming account, bank account, address, email address, credit card, or family.
- Bonus funds can only be used on specific games. Restricted games, especially table games, may come with higher wagering requirements.
- Maximum withdrawal limits on specific bonuses (e.g. welcome bonuses) restrict how much cash winnings you can withdraw.
- You must deposit a specific minimum amount of money to access a specific bonus.
- You have to use a bonus code to redeem some bonuses. You can find bonus codes at affiliate sites or the betting site itself.
The Takeaway
Casino bonuses are an excellent way to make the most of your casino playing time. They give you extra cash to play with, the opportunity to try some games for free, help soften the blow of your losses, and more.
However, these bonuses often have terms and conditions you must keep in mind. With the right strategies, casino bonuses can help make your gaming experience much more fun and rewarding.