If there’s one best thing about online gambling, it’s that there’s a lot of offers you can take advantage of – even when it’s your first time playing on the site. From welcome bonuses and free spins to loyalty and referral bonuses, your online gambling will surely become more exciting!
Why online casinos give bonuses
The gambling industry is a huge market. For example, its market size was forecasted to reach about $230.86 billion in 2021. With that, casinos need to step up from the market and lure more players to visit their websites and ensure profit. This is why casino bonuses are generously provided by almost all casino sites.
When casinos offer you bonuses, you should grab them. They provide a great opportunity for you to earn extra money aside from what you wager on. However, don’t just dive into any deal as some bonuses tend to be superior for having player-friendly terms. Thus, you should know the different bonuses and how they work.
Casinos entice you with different types of bonuses
Bonuses are essentially designed to entice new gamblers and keep the old ones playing on their site. To say the least, you should know the different types of casino bonuses that are applicable to your level.
Below are just some of the types of bonuses:
Free spins
This type of bonus is among the most popular. This gives you a chance to spin reels or any qualified games for a given number of times without paying for it. Each spin has a value you cannot change. If the free games are for the ones with adjustable pay lines, spins will also have a number of pay lines open that are unchangeable.
Welcome bonus
As the name implies, this type of bonus is given to the new players. Usually, casinos match the percentage of your first deposit to this promotion. An example of one of the bonus types is if you get a welcome bonus of up to $1000 for a 100% bonus, the casino will match your every deposit up to a total of $1,000.
The welcome bonus also has different types: deposit bonus, no-deposit bonus, 100% match bonus.
Reload bonus
A reload bonus is given to the players who deposit more money in their accounts. It’s usually granted when you deposit on specific days and is similar to deposit bonuses where you can receive half of the amount of what you deposited. But some casinos may be more generous in giving reload bonuses by matching the bonus to the amount you deposited.
Loyalty bonus
Casinos take good care of their long-time players as much as they lure the new ones; hence why they give loyalty bonuses. Loyalty programs include collecting points from an array of casino games like slots, poker, and blackjack. Once a player accumulates a certain number of points, they’ll have options for free spins, casino credits, and other perks.
Referral bonus
To encourage their players to invite friends to play on the site, casinos also give referral bonuses. That means when your referral signs up to the casino you’re playing in, both of you will receive different rewards like bonus credits. But of course, given that your referral completes the requirements set by the casino, such as providing a referral code or depositing a certain amount.
Those are just some of the common bonuses provided by the casinos. Some casinos can also give other promotions like High Roller Bonus, Cashback Bonus, Game-specific Bonus, and others.
You should also note that all your winnings from any of these bonuses are subject to the casino’s terms and conditions, including wagering requirements.
How does it work?
Bonuses are great as they are; however, you may need to know some essential information before getting excited. Bonuses have conditions before you can withdraw your winnings.
Among the most popular types of Bonus Requirements is the Wagering Requirement. Wagering requirements are the conditions for casino bonuses and promotions that tell you how much you should spend (wager) within the website before the winnings from bonuses become valid.
For a cash bonus, you’d need to bet through a multiplier before you can withdraw it. Let’s say, the wagering requirement for a cash casino bonus is 30X, you’ll have to bet about 30 times more than the amount of your bonus before you can withdraw it. So if you have about $100 bonuses, you must bet this bonus up to $3,000.
It’s also worth noting that the wagering requirements work differently for each bonus type.
If you aim for risk-free profits, taking advantage of casino bonuses can certainly give extra value to your money. With more credits to play for, your chances of winning will increase. But of course, you should also consider the strings attached to them. After all, it’s a win-win solution between you (as a player) and the casino operators.
