The popularity of online casinos is shooting up in this current generation, as compared to even a decade ago, and it is all thanks to the speedy advancements in technology. There are many advantages and benefits of playing at online casinos, and one such is the online casino bonuses. It is an excellent strategy utilized by online casinos to elevate the gaming experience of their players and to promote and attract more users into signing up for an account with them. Further, online casino bonuses also push loyal players to regularly log in to their accounts more often.
With the various kinds of online casino bonuses and promotions available and offered in the iGaming industry by online casinos, it can get confusing and challenging for you to know or decide which type of bonuses would be perfect for you. Online casino bonuses are offered in different kinds and criteria, so to make it easier for you, here is an ultimate guide to different online casino bonus types offered in the industry.
Welcome First Deposit Bonus
The most common bonus type you will encounter at almost every online casino is the welcome bonus. This casino bonus is given to newly registered players as a welcome reward for successfully completing the registration. Normally, the welcome bonus is given 100% or even more, depending on the casinos.
The first deposit bonus can act as a booster to amplify your stakes or enable you to play certain games to fulfill the wagering requirements. For example, a welcome first deposit bonus offer can come as a 100% up to €100 + 100 Free Spins. This means that the online casino will correspond your first deposit amount up to €100, where you will also receive an additional 100 free spins.
No Deposit Bonus
This variant of online casino bonuses does not require the players to make any deposits. It enables the players to wager the bonus on game categories like live casino table games, slots, sportsbooks, etc. No deposit bonuses are usually offered in smaller amounts like €10, €20, or €50, and you can use these amounts to play the casino games without risking your real money balance.
Depending on the online casinos you are registered at, they will allow you to use the no-deposit bonus money on only specific games. Usually, games with lower house edges like blackjack are not included in the criteria of qualified games for the bonus.
Reload Deposit Bonus
Reload deposit bonus is another popular variant of online casino bonus, which is normally offered to only existing players. This type of casino bonus is offered to boost the players to make another deposit in their gaming account. Typically, the reload bonus is promoted in a lesser percentage as compared to the welcome bonus, nevertheless, it helps in boosting your deposit amount and the overall gameplay outcome. The typical reload bonuses are offered in either 50% or 75%, depending on the online casinos.
VIP/Loyalty Bonuses
Many live casinos offer exclusive VIP or Loyalty programs among their promotions, which are exclusively for high rollers and loyal players. Online casino loves those players who deposit a high amount of money regularly in their gaming account. In return, the casinos generously offer special perks and bonuses to these players as an incentive to keep the account active and running.
For instance, an online casino may offer a big spender on their platform with special bonuses like a 50% deposit bonus, €100 free bet, 20% cashback bonus, and many more. Furthermore, VIP players also receive personal managers, who will assist them with promotions, bonuses, queries, and such.
Wagering Terms And Conditions on Online Casino Bonuses
Every online casino bonus comes with certain terms and conditions for the player to fulfill to participate in the offer or utilize the bonus— except for the No Deposit Bonus. Generally, live casinos lay out certain wagering conditions, which are required to be fulfilled by the players to utilize the rewards as cash.
For instance, when you participate in any deposit bonuses, most online casinos may ask you to fulfill a wagering requirement of 40x or 30x before you can withdraw the remaining winning amount. Apart from that, there can be different styles of wagering conditions as well, depending on the online casino platforms. Therefore, it is crucial to carefully read and check the terms and conditions of the online casino bonus before you decide to avail of it.
Let’s look at this example-
You participate in a 100% match deposit bonus of up to €100 with a wagering requirement of 30x. This means,
(Bonus Amount x Wagering Requirement) = Total Bet
You deposit €100 and receive €100 as a bonus amount. So your wagering condition would be (€100) x (30)= €3000
Meanwhile, in certain casinos, you may also come across a sticky bonus, where your base deposit will be incorporated into the total wagering requirement. For example-
(Bonus Amount) + (Initial Deposit) x (Wagering Requirement) = Total bet
So, if you deposit €100 and receive a bonus amount of €100 and the bonus has a wagering condition of 30x, then the calculations would look like this- (€100) + (€100) x (30) = €6000.
All in all, there are many factors to remember before you avail an online casino bonus, such as understanding the T&C of the promotion, checking the qualifying games needed to fulfill the wagering conditions, and checking the % rate of the qualifying games that will contribute towards completing the wagering requirements. In conclusion, make sure to research the ins and outs of the bonus’ T&C in detail before you decide to deposit and claim it. Above all, remember to gamble responsibly!