There’s no denying the growth of online casinos over the last handful of years. While there are many reasons for this, one of the biggest drivers in their popularity is the wide variety of bonus options offered by casinos. With so many online casinos competing over customers, they have to offer enticing bonuses and promotions to attract and keep customers. For those who are new to online casinos, understanding the types of bonuses offered can help steer you toward finding an online casino that’s right for you. Therefore, we have put together a guideline for beginners on the most common types of bonuses you’ll find at online casinos.
Welcome Bonus
Most online casinos try to reel in new players with a welcome offer. Needless to say, this type of bonuses is designed to encourage new users to sign up – whether they are new to online casinos altogether or have experience on other platforms. More often than not, a welcome bonus is based on the initial deposit someone makes. For instance, casinos offer a 100% match, meaning a $100 deposit actually gives a player an extra $100 in betting credit, meaning they’ll have $200 in their account to use on casino games.
Free Spins
This is a common and simple bonus that’s offered to both new users and returning customers. By giving users free spins, online casinos give customers a few rounds on a slot machine for free, so if they win, it’s all profit without having to risk any of their bankroll. If there is a catch with free spins, it’s that they are usually tied to a specific slot game. This allows casinos to promote a specific game and introduce customers to a new game.
Cashback
A cashback bonus offers players a portion of their losses back in the form of bonus funds. This allows players a little bit of a cushion or a safety net that can help offset a losing streak. These bonuses can be available on a weekly or monthly basis, offering players a little extra reassurance as they try out different games.
Reload Bonus
Reload bonuses are designed to maintain current customers and keep them playing at the same platform. They do this by giving players additional credits when they make a deposit. This is usually only available for players after their initial welcome bonus. Essentially, online casinos match the deposit of a customer with bonus bets to increase the credits and bankroll available to them, allowing them to play at that platform longer.
Loyalty Programs
Many online casinos offer loyalty programs or VIP clubs to reward players for their continued engagement. These programs are typically structured with tiered levels, allowing players to earn points with every wager, which can later be redeemed for bonuses, free spins, or other exclusive perks. Loyalty programs provide players with ongoing benefits, which can help with brand loyalty, which is not easy given the wide selection of online casinos available.
Terms and Conditions to Keep in Mind
With every online casino bonus, it’s best to keep the terms and conditions in mind because every bonus comes with stipulations. For example, some bonuses only apply to specific games. There are also time limitations for when players can use free spins, bonus bets, or other promotions they try to use. Finally, it’s critical to be aware of any wagering requirements because bonus funds aren’t always distributed right away. For instance, to receive $100 worth of bonus bets with a 10X wagering requirement, you would need to place $1,000 worth of bets to get the full $100 in bonus funds. These types of stipulations are always important when evaluating the right bonus opportunities to pursue.
