Online Casino: What are the different types of bonuses they offer?

For the past years, online casinos are taking the gambling industry by storm. As many casino players prepare to gamble online instead of traveling to traditional casinos. Aside from that, they enjoy the convenience and comfort the online casino provides. In addition, the different types of bonuses kept their player coming back to their website.

However, many newcomers are not aware of the concepts of these casino bonuses and offerings. Oftentimes, they do not know how to get the most of these rewards. Therefore, if you are one of these players, you must understand the system of online casinos before you dive into online gambling.

When figuring out how these types of casino bonuses work, you need to pay close attention to how they will help you boost your bankroll. Because this extra cash and free spins are given to you will help you try games without using your own money. In this article, we will dive into details about casino bonuses explained.

What are the different types of online casino bonuses?
What are the different types of online casino bonuses?

Different types of online casino bonuses

Welcome bonus

The welcome bonus is one of the first types of bonuses you will come across in an online casino. Usually, the welcome bonus is a combination of free spins and a deposit bonus. However, some casinos offer deposit bonuses only or free spin only. 

Additionally, welcome bonuses given to new players that register an account on the casino site for the first time. Notably, this type of bonus comes with wagering requirements that you have to accomplish before you can withdraw your winnings.

Deposit bonus

As mentioned earlier, the welcomes bonus can be in a form of a deposit bonus. To claim this type of bonus, you need to deposit your account. Usually, these bonuses cover a part of your deposit. It can be anywhere from 50%-100% of your deposit. Some online casinos cover even more than that. They could offer a 100% deposit bonus of up to $500.

Additionally, you can receive a deposit bonus later on as part of the casino’s promotional packages. Notably, it always comes with a set of terms and conditions. Therefore, before you can withdraw the deposit bonus, you need to wager it multiple times.

Why do you have to read the terms and conditions?

The T&Cs will let you know how the casino games contribute to the wagering requirements. All take note that not all bets on all casino games will be counted in full. Usually, your bet on slots counts at 100%. However, the stakes you have made at table games may only contribute less than 10%.

Therefore, before you start wagering your deposit bonus, you need to figure out all these things. By doing so, you would know if this bonus is worth your time.

Different types of bonuses: No deposit bonus

This type of bonus is the opposite of a deposit bonus. There is no need for you to deposit to claim it as you will get it free. Instead, you only need to fill out the registration form and make an account on the website. As easy as that, you can get some free cash to play in the casino.

However, there are wagering requirements attached to these bonuses as well. Oftentimes, the wagering requirements for no deposit offers are quite high. In addition, there could be some restrictions for these types of casino bonuses.

To take advantage of these casino offerings, we suggest you look for no deposit bonuses with free spins as well. Although these rewards are very rare, once you get hold of them, you can use them to your advantage. Free spins, no deposit bonuses are an effective way to increase your chance of winning.

Then again, before you dive in, make sure you read the fine print.

Different types of bonuses: Free spins

If you love playing in a slot machine, then you love this casino bonus. Free spins are frequently hand-out to casino players. Usually, they can enjoy 20, 30, 50, and 100, up to 200 free spins bonus.

Most of the time, free spins come with some playthrough requirements. If you do not want to accomplish these requirements, then look free spins no wagering. Therefore, if you see one make sure you grab it as these spins are free.

Usually, deposit and welcome bonuses come with some free spins. Although the free spins may not be a lot, they still, have the extra value that you should never miss.

However, you can only use these types of casino bonuses on selected slot machines. Additionally, you need to spend it in a few days after that it’ll be forfeited. So, make sure that you read the T&Cs.

Loyalty (VIP) bonuses

If you regularly play, then, you can get a chance to become an exclusive member of a VIP club. Therefore, you can take advantage of the loyalty or VIP bonuses offered by online casinos. This is one of the different types of bonuses that you shouldn’t miss because the bonus rewards are bigger and better. In addition, you can get them with low rollover requirements. It means that you will be able to withdraw your winnings much sooner. In addition, VIP clubs give a set of perks aside from massive bonuses they given away.

Notably, do not abuse the casino bonuses and offerings. Claiming many bonuses may produce some negative consequences as you might be accused of bonus bagging. You must balance them out.

Different types of bonuses: What is bonus bagging?

This is a wrong practice of taking advantage of online casino promotions. A bonus whore aims to bag as much bonus amount as possible. To avoid bonus bagging, make sure you read the terms and conditions of the website.

Because the casino identified you as a bonus whore, you cannot withdraw from your account. Worst, your account might get banned.

What is bonus bagging?
What is bonus bagging?

Cashback bonuses

Cashback bonuses are one of the types of bonuses that you will surely love. It covers your losses when you lose from playing. It sounds great, right?

However, do not expect that it will cover all your losses. Essentially, you can receive some of the money you have lost during a certain period. Cashback bonuses can cover up to 20%-30% of your losses only.

Usually, online casinos give cashback bonuses on a daily, weekly, or monthly basis. Notably, the bonus credit that you receive will probably need to be wagered. It will depend on the actual specifics of the casino. Still, the fundamentals of cashback bonuses remain the same. Then again, read carefully the playthrough requirements before you claim these bonuses.

Different types of bonuses: Reload bonuses

These types of online casino bonuses are like welcome bonuses. Although they rarely cover 100% of the deposit, instead, you will receive something like 30%-40% for a deposit on a particular day of the week.

Online casinos do not outright promote reload bonuses on their site. Instead, they sent it through email. Notably, these types of casino bonuses are only offered to players who have already made deposits before. Therefore, new players cannot get hold of this as reloads are a gift to loyal players.

Furthermore, the wagering requirements tend to be much lower since it only covers a small portion of the deposit.

Payment Method Bonus

These types of casino bonuses are a bit unusual. You will hardly read about this payment method bonus, still, they do exist. Some online casinos manipulate their players to use a certain payment method by giving this extra casino bonus. 

Refer-a-friend Bonus

This is one of the most common features of online games. However, online casinos made it more exciting. By referring a friend, you will receive a bonus. The refer-a-friend bonus could be in a fixed amount or a percentage for each referral you make. Usually, it also comes with certain conditions. For instance, your referrals must deposit a certain amount of money before you can get your commission.

Just like payment methods, these bonuses are not very common. It means you need to check if the casino sites offer this type of bonus.

Different Types of Bonuses FAQs:

What is a 1000 match bonus casino?

This type of bonus is probably the highest casino bonus you can expect to receive in an online casino. Undoubtedly, it 1000 matching bonus holds the eminence of VIP bonuses. Notably, only a few online casinos offer this type of bonus. This bonus matches your initial deposit 10x the amount you have a deposit on your account. For instance, you deposited $100, and then expect to receive a $1000 matching bonus.

Furthermore, some online casinos gave out this bonus in phases. It means that you will not receive the whole sum. Instead, you will gradually receive it with each deposit.

What is an online casino bonus?

Online casinos give different types of bonuses to encourage their potential and existing players to play on their site. These casino bonuses are tailored to cater to the requirements of each player. You can receive free cash or free spins that you can use when playing on their website.

What are the casino bonus codes?

These are bonus codes that you need to enter when claiming a special promotion. It provides an exclusive casino bonus that is only available for you. It can use when claiming free spins, a birthday casino bonus, or a loyalty bonus. In addition, you can receive a bonus code when you became a VIP player.

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