The online casino web scape can be overwhelming for new players in many ways. There are hundreds of casinos to choose from, thousands of games at your fingertips, all sorts of bonuses and promotions, new games being released every week, and all of this encompassed within a rapidly evolving regulatory framework. Today, we’re going to get you up to speed about the different types of online casino bonuses.
Every casino bonus claims to be the best of its kind, but whose word should you take? Maybe you’re not the most experienced online casino player out there, or perhaps you’re fairly experienced in various games, but simply don’t bother reading the T&Cs. Whichever player you are, you’ll definitely benefit from reading this article if you truly want to have a remote chance atmaximizing your bonus and turning it into real money!
So, without further ado, let’s take a look at some of the most popular sorts of casino bonuses and how they work.
Sign Up bonus
To play at an online casino and win real money, you must first sign up with the casino, which entails completing the registration process. When you register with an online casino, you then become a member of the casino and you have your own casino account that you can access using a username and password from anywhere and at any time. In order to encourage you to sign up, many online casinos will actually give you a bonus just for signing up. You don’t have to spend even a cent to receive this bonus. All you need to do is successfully open an account with the casino.
Example: – Sign up with Casino X and get a no deposit bonus of 10 free spins. In this case, you get 10 free spins upon opening an account. You can play eligible slot games with these free spins and possibly win money in the process.
Note – This type of sign-up bonus is also referred to as a no deposit bonus.
New Player Deposit Welcome Bonus
The sign-up bonus is usually part of the welcome bonus package at an online casino. The welcome bonus or package is only available to new players. Typically, the casino will reward their newly registered player with a bonus when he or she makes their first real money deposit at the casino. Some casinos will push the boundaries and offer rewards for a player’s first, second, third, and sometimes up to their 5th deposit. In most cases, the reward offered is a match offer where the casino matches a certain percentage of the deposit made by the player. Some casinos offer generous welcome bonuses worth up to $5,000 over the first few deposits.
Example: Receive a 200% match bonus up to $600 when you make your first deposit at Casino X.
In this example, if you sign up with the casino and then make the first deposit of $100, then your casino balance is credited not just with the $100 you deposit, but an extra $200 bonus from the casino.
Everyone loves to win, but losing is part and parcel of casino gaming too. To expect that you will win every time is simply delusional. Some casinos will soften the blow of losing by offering cashback bonuses. The most typical manifestation of a cashback bonus is where the casino will return a small portion of your total losses for a week when you make a deposit the following week.
Example: Get a 10% cashback every Monday for your net losses from the previous week. In this example, if you had played and lost $100 in the previous week (net loss, not a total loss), then the following Monday, the casino will credit $10 (10% of 1$100) into your account following Monday.
VIP clubs are common place at online casinos these days. The VIP club is an effective way for the casino to reward frequent players and keep them actively playing. At each casino, there could be different eligibility criteria for you to become a VIP player. Once you qualify as a VIP player, there could be further tiers or levels of VIP that you can be upgraded to as you continue playing. VIP players get lots of perks and this includes some exclusive VIP bonuses.
Example: VIP players get a 50% match bonus on their first deposit every week. In this example, if you are a qualifying VIP player, and you make a deposit of $100 (and this is your first deposit for the week), you will receive an extra $50 as part of your exclusive VIP bonus.
High Roller Bonus
A high roller bonus is usually a match bonus offered only for players that make a deposit of a certain high value or more as predefined by the casino. If you are someone that likes to spend big and play big, you could benefit from casinos that offer exclusive bonuses for high rollers.
Example: receive a 300% Highroller bonus for deposits of at least $500 or more.
Many online casinos offer rewards to their members for referring and getting other players onto their websites. This is a good way for a casino to attract new players and increase its userbase.
Example: Refer a friend and receive 50 free spins when your friend signs up and makes their first deposit.
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