The Different Types Of Bonuses Available On Online Casinos
With thousands of online casinos and online casino games available on the internet, deciding which ones to consider is becoming increasingly challenging with so much that’s now on offer. This is because the online gambling space is getting more competitive, with gambling platforms launching at every opportunity.
Therefore, one of the primary methods sites can use to lure prospective customers and reward loyal ones is offering attractive and generous bonuses and promotions.
Bonuses and promotions can be fascinating to use; however, understanding how each one works allows you to choose bonuses you know will work best for your gaming preferences. For instance, slot lovers might take the greatest preference for bonuses offering free spins, while table game lovers won’t see the need to. So, to learn about the different types of bonuses and promotions that online casinos offer, you can keep reading for more.
Types Of Bonuses
Welcome bonuses are very popular with online casinos. They come in different forms, but players will likely come across offers that allow the site to match your first deposit. This means players can double their deposits after signing up with the site.
No Deposit Bonus
With a no-deposit bonus, you can explore a new casino without depositing or providing any of your credit card details. You can simply create an account and begin playing for free to access the games. No-deposit bonuses aren’t as common as other types of bonuses, and site offers hardly go above offering $150.
Players should also be aware of some of the restrictions that come with claiming no-deposit bonuses, but this is only to help online casinos avoid bonus hunters who simply cash out free credits without the intention of becoming loyal customers of the site.
Deposit bonuses are pretty common. Like welcome bonuses, they offer players a multiple of the deposit once the player has opened an account and made a deposit. Depending on the site, this could range between two to five times the deposit amount. With deposit bonuses that can go up to 100%, these offers usually apply to table games, while bonuses that go up to 200% or more most likely apply only to slot games.
Free spins are usually offered to existing players in the form of regular promotions, especially when new slot games are introduced to the platform. Some sites also include free spins in their bonus offers to new players. You can use free spins to win real money without spending a dime from your pocket, but players should be aware of high wagering requirements and limited maximum cashouts that come with claiming free spins.
So, if you find yourself interested in free spin bonuses, try using it to the highest cashout amount and make sure you withdraw each of your winnings on time.
Sites use loyalty bonuses to reward long-term customers. Through the help of a loyalty program, the bonuses usually apply when players reach specific milestones as they play their favorite online casino games. They come in various shapes and sizes, and your actions as a player will typically determine how they will be offered to you. Common loyalty bonuses include:
- Loyalty points
- Level-up systems
- Challenges or missions
Players who can spread the word about a specific casino and help introduce new customers to the platform are often rewarded referral bonuses. So, each time you use your link to attract a new player who creates an account with the platform and makes a deposit, the site will offer an incentive in the form of bonus money. While such offers may seem attractive to a majority of people, it’s worth noting that they aren’t quite common, despite being an effective way to get new customers.
High Roller Rewards
Some sites take notice of players who make large deposits; therefore, to reward them for their commitment, online casinos will offer high-roller bonuses that will recognize you as a VIP member of the casino. This will grant you access to all sorts of events and perks, like free slot tournaments that can land you some fantastic cash prizes.