Casino Bonus Varieties Explained

Casino Bonus Varieties Explained

Casino bonuses are promotional offers presented by online casinos. They take many forms such as free spins, welcome, deposit, and wagering bonuses. Typically they offer free money to entice players, but there can be restrictions.

Many of these offers apply to both new and veteran players, though some are more selective. Let’s explore the common casino bonuses.

Free Spins No Deposit

This first bonus is fairly self-explanatory and often available to any player. Free spins no deposit means that you put nothing in and get out a limited number of spins on a slot machine. This type of no deposit bonus can also offer free chances for other games as well.

Some online casinos will offer this one and automatically load it to your account, while others will require some form of acknowledgment. In the latter case, the casino will usually send out an email or you will see the offer on their site.

Once the offer has been used up, that’s that. You may get more no deposit offers in the future, but in general, they don’t last long.

Welcome Bonuses

You guessed it, these bonuses are only available to new players or accounts. Nearly every online casino offers this bonus to entice new players who may be reluctant to spend their money.

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While other bonuses are rather specific, the welcome or sign-up bonus can vary from casino to casino. This bonus can be anything that a casino deems tempting. It can range from an offer of free games to deposit matching.

These offers may be designed to give the new player a chance to taste everything that particular casino has to offer. Or, it may be designed to keep the new player spending money.

The former tends to take the shape of free games while the latter might take the form of deposit matching. Often the deposit matching will be spread out over several deposits. By offering multiple offers of this type they can get the player to make more than one deposit.

$1 Minimum Deposit Bonuses

Minimum deposit bonuses at casinos allow players to pay as little as $1 to play various games. This option is available to any player at casinos that offer it. It only makes sense that the resulting payouts are also smaller than if you deposited more.

This allows players to try out various casinos and games without too much risk to their wallets. It is a great option for those who are not familiar with online casinos but want to try their luck.

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While there are plenty of casinos that offer this deal, they can be hard to find. This is particularly true if you’re new to online casinos. So if this offer sounds appealing check out the biggest collection of such bonuses to discover casinos that offer this bonus.

Loyalty Bonuses

Online casinos want you to keep playing on their site. Oftentimes the best way to encourage loyalty is by offering bonuses to players. Similar to welcome bonuses, these can vary from site to site.

One possible loyalty bonus is cashback offers. Some of these offers require you to meet certain milestones before claiming cashback. Others offer it on certain days.

Whatever offers the site deems appropriate to retain a player base, these bonuses are not offered to everyone. Usually, you have to have been a member of the site for a predetermined length of time. This can be as short as a couple of months or as long as a year.

Another method for determining loyalty status includes measuring it by the number of deposits or withdrawals. Once you get past a certain number you’ll be eligible for loyalty bonuses.

No Wagering Bonuses

All of these bonuses are great at first glance, however, as I mentioned in the beginning there are usually limitations. The most common restriction is a wagering limit.

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This typically means that any money involved in a bonus must be wagered a certain number of times before the casino allows you to withdraw. It does seem a little unfair, but the casino does need to make money in order to stay afloat.

If a casino constantly gave away free offers without such restrictions they would lose money quickly.

Here’s an example of these restrictions. When a deposit match is offered you might have to wager the full amount, both your deposit and the casino’s funds, 15 times before you’re allowed to withdraw any winnings. If the full amount was $150, you would have to wager $2,250.

With a no wager or low wager bonus, this restriction is lowered, if not removed entirely. This bonus can be added to any other bonus that the casino offers.

Sometimes this offer is presented to new players and members. Other times it is presented as a loyalty reward. Others don’t offer it at all. It varies greatly.