The gambling industry has seen exponential growth within these few years. Many companies have emerged, thus creating healthy competition in the casino world. Apart from having a wide and rich game selection, bonuses and promotions are an essential part of the casino business.
These bonuses are the companies’ way of retaining a customer’s attention; the better the bonuses, the more the customers.
There are many forms that these bonuses take. You can get some right after you sign up, whereas you have to be a loyal customer to enjoy some. The welcome bonus is the most popular casino bonus, but this is not even the finest bonus. Some of the finest casinos will offer you generous offers as you go on betting with them. The simple aim of these bonuses is to grow your bankroll and to make you stick around,
There are many online casino bonuses, and it can be difficult for new players to navigate the world of bonuses. This will limit the players from adequately using the bonuses. Here are some of the most common casino bonuses:
Welcome bonus
This is the first type of bonus you will encounter in online casinos. It is mostly a combination of free spins and deposit bonuses. The combination might be different depending on the casino you choose.
This bonus is offered immediately after registration. When you find a casino, first, you will be required to register. This registration is done to ensure you are up to gambling age and curb fraud. Immediately after this registration, the welcome bonus is offered. It can be a standalone package or a combination, as already mentioned.
Bear in mind that these bonuses are given to be used for a particular period, after which they become inactive. There are wagering requirements as well. So, when offered a welcome bonus, ensure you read the terms and conditions and are conversant with the wagering requirements.
Deposit Bonus
As the name suggests, a deposit bonus is offered when you deposit into your bet account. This is mostly part of the welcome package, but you can easily get it as part of a promotion.
The deposit bonus is most in the form of:
- Free spins
- Free play
- Cashbacks
- Free cash
Some generous casinos can give you up to a 100% bonus, which means that you will get triple your deposit. When you deposit C$100, you get a bonus of C$100, summing up to C$100. With this bonus, you can bet on your favourite titles and games.
Do not forget to check the wagering requirement before gambling with the deposit bonus. The wagering requirement will let you know how much you need to make before withdrawing your winnings.
No Deposit Bonus
This is the direct opposite of the deposit bonus. This bonus is rewarded even if you do not make a deposit. This is often given for free. This bonus is mostly in the form of free spins, free play or free cash. This bonus is mostly part of the welcome package, but sometimes it comes as a standalone bonus.
Wagering requirements are meant to be met to allow the player to withdraw their winnings. Let us take, for example
- A casino that offers you a C$10 no deposit bonus.
- It has a wagering requirement of 45X
- You are expected to make 45 X C$10 = C$45-0 before you will be able to withdraw.
Free spins
Everyone enjoys slots; free spins allow you to play your favourite slots for free. These are the most frequently offered bonuses out there. These bonuses are often part of the welcome package or are standalone bonuses. Often casinos offer from 20 to 50 of them.
The spins sometimes are restricted to particular slots, but that shouldn’t stop you from trying to turn over your winnings. There are wagering requirements that are to be met to be able to withdraw winnings from free spins.
For example, if you are offered 50 free spins and have a wagering requirement of 20X and a spin value of C$0.10, then you have 50 X C$0.10 = C$5 and C$5 X 20 = C$100. This means that you have to make C$100 to be able to withdraw.
Other Online Casino Bonuses
Loyalty Bonus (VIP)
There always is a reward for loyalty. This bonus is rewarded to players that are active and loyal. When you become a regular, you stand a chance to enter the VIP category. These bonuses are quite more rewarding than most types of bonuses. These bonuses are bigger and better; they last longer and have lower wagering requirements. The lower wagering requirements will allow you to get your money out sooner than usual.
Apart from these, other amazing offers are designated especially for VIP players.
Cashback Bonuses
Gambling works with probability, and even though there are skilled people, you don’t win all the time. Cashback bonuses help you recover a certain percentage of the money you lose. The money returned is often expected to be used to gamble, so you can turn it over and withdraw it.
Usually, there are wagering requirements attached to this bonus, but it should be spelt out in the terms and conditions.
Reload bonus
This type of bonus is a sort of deposit bonus, only that new players cannot enjoy it. This bonus is rewarded when a player reloads their account. The reload bonus is not as generous as the sign-up bonus. Often, 30 – 40% of the deposit ad has a low wagering requirement.
Conclusion
There are many other casino bonuses; some are common, whereas some are very rare. Some of these bonuses are given out on specific events like birthdays, whereas some are given the very moment you sign up. In total, these bonuses serve as means to boost your bankroll and try out new games. These bonuses might range from free spins to no deposit bonuses.
