Today, there are thousands of online casinos across the globe and most of them tend to use the same software, so they tend to look quite similar and offer the same online and live casino games. Therefore, many online casinos offer enticing bonuses and promotions in order to attract new players and retain existing ones.
Many novice players are sceptical about the idea of getting free money, but casino reward bonuses can really give you free money to play with, and also help you in optimizing your payouts. Of course, not all bonuses are created equal. Depending on the casino site you choose to gamble, some offers will be more worthwhile than others.
Read on to know the different types of online casino bonuses and why you must claim them.
Types of online casino bonuses
There is a wide variety of casino reward bonuses out there. Most of them tend to fall into the following types:
Free spins
If you’re a novice player and sign up for an account at an online casino, there is a massive chance that you’ll receive free spins, which are also known as welcome spins, cash spins, and more.
Some free spins have wagering requirements associated with them, which means that you need to wager a specific amount of money before you can withdraw the bonus amount. So, it’s important for you to check whether the free spins are actually free or not, and you must choose the best online slot games as they offer the maximum cashout limit.
No deposit bonus
As the name suggests, a no deposit bonus doesn’t require you to deposit anything at all. This type of bonus is generally awarded when you register for an account at an online casino. No deposit bonuses are usually small cash amounts or a certain number of free spins, all played for real money rewards. However, there are typically payout limits and wagering requirement associated with them.
Welcome bonuses
The welcome bonus is one of the most popular online casino bonuses, which is offered when you register for the first time with an online casino. It requires you to deposit a certain amount of money, and only then the bonus amount will be offered to you. In most cases, you receive an additional 100% to 200% of the welcome bonus on your first deposit.
Loyalty rewards
Once you’ve registered for an account and made a deposit, online casinos want you to keep coming back for more. So, online gambling sites offer loyalty scheme rewards for continuing to deposit and wager with them.
Key points of online casino bonuses
The biggest distinguishing factor of an online gambling site is the casino reward bonuses offered by it. Hence, you must give special attention to bonuses and promotions available at the casino. Below are some key points of these offers.
Deposit bonuses
Deposit bonuses or welcome bonuses are offered by online gambling sites as an inducement to new players. They are mostly offered when players make their first deposit.
Terms and conditions vary
Bonuses usually vary from one casino site to another. So, even if they state the same amount such as a ‘100 % match bonus’, you need to consider the wagering requirements. If the wagering requirement of one casino bonus is higher than the other, you might want to reconsider your option.
Bonuses tie you to real money deposit
If you make a £50 deposit with a 100% match bonus, your balance amount would be £100 in total. Even if you wager this amount and manage to win, the casino will not allow you to withdraw money until you fulfil the wagering requirement.
Should I use online casino bonuses?
It depends on a number of factors, namely:
- The casino games you’re playing
- The wagering requirement associated with these games
- The house edge
If you come across a casino bonus that offers a generous amount and has a low wagering requirement, it would be incredibly easy to fulfil the requirements and also make a profit.
If your aim is to make risk free profits, casino bonuses can still offer great value. As you have more money to play with, you increase your overall chances of winning. With a plethora of online casinos to choose from, there is a lot of value for you to take advantage of.
It’s important for you to understand what casino reward bonuses offer the best value. It isn’t necessary that a big bonus will always be the best. In fact, some bonuses with a lower value give you the best opportunity of meeting the requirements.
With a bit of luck, you can win at online casino games. And with the extra money offered by casino bonuses, this becomes a more likely scenario. Even if you lose, you still get more time to play and better chances of winning.