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Different Types of Casino Bonus
The competition among Casino operators has never been so intense which means they offer generous bonus promotions to attract the gamblers.
Many players use multiple accounts as a good strategy to benefit from this competition, but beware this is ofte breaking terms and conditions.
All players looking for profits should scan the market constantly looking for the best offers. Before making the most of bonuses, it is key to understand what would be the types of bonuses offered by the operators and how they work exactly.
Check out a full guide on bonuses below.
Casino Welcome Bonus
It is nearly impossible to find a Casino operator that doesn’t offer some kind of bonus to new players, and usually they are a combo of deposit bonus and free spins.
Deposit Cash Bonus
The cash bonus is usually a deposit match, of up to 100% (at times more than that), for instance you deposit £90 and you receive £180 to bet. There usually are however conditions that apply to the bonus money, i.e. you can only cash out winnings derived from the bonus money if you meet certain conditions.
The most common kind of ‘Wagering Requirement’ as they are known is the play-through, that is, the prize money must be bet several times before the money is good to be cashed out.
When choosing a new operator to open an account, make sure you understand what are the wager requirements because it is very common to see gambling houses offering overly generous bonuses but there are unrealistic wagering terms required, such as betting the money on high odds or roll the money over dozens of times.
Usually the bonus money comes in two formats: free to be bet anywhere on the Casino or restricted to some kind of fraction system, for instance 4 bets of the same size and there may also be restrictions like the money is only good to be used at some slot games or Live Casino rooms.
The welcome bonus also may involve Free Spins.
They usually are part of the welcome bonus, but they often are restricted to a few slot machines, the operators often decide where this kind of bonus is good at based on the popularity of the slots. Starburst is a very common game to be involved in free spin promotions.
More Details About Deposit Bonuses
There are operators that offer a single ‘one off’ deposit bonus that is it only applies to the very 1st deposit made by the user.
Other bonuses however are progressive, for instance the user receives bonus over the first 4 deposits and the fourth deposit offers the most generous rewards.
The bonuses can vary a lot and it is important to research the terms and conditions for individual bonuses to understand what are the terms involved and which operators are honest about bonuses.
No Deposit Bonus
This is a bonus that is based on the concept of testing the house for free before making a deposit. Usually they come in the form of a small amount of money such as £10 no deposit or even £20 no deposit to be bet on slot machines, and they often are restricted to a specific slot machine.
It is usually very hard to cash out winnings derived from these bonuses, and even when the player is lucky there are severe restrictions to winnings like there is no minimum wagering requirement. A common example would be £10 no deposit bonus with earnings limited at £100 and a big play-thorugh still applies.
Free Spins Unrelated to Welcome Bonus
There are some free spin promotions that aren’t related to welcome bonus. They are often offered to players that are active at the Sports Betting or Poker section of websites that have several products as an incentive for the user to get involved in another product of the same company.
If you are for example an active punter of football and your favourite bookie has a Casino section, then you should check your e-mail box (including spam box) because there is a good chance you got free spins waiting for you.
Just like deposit bonuses, you should also expect some restrictions when using these spins, like they are valid to a specific slot game or the maximum winnings are of a certain amount of money.
Monthly Bonus / Reload Bonus
It’s hard to see it being advertised but many Casinos offer reload promotions to encourage new deposits. The promotions are usually related to the volume bet by the player in the past months.
High Rollers are treated like royalty by the operators, some benefits include free items and exclusive betting rooms. There usually are several ‘levels’ of VIPs. If you are a high roller maybe you should concentrate your funds in one website.
These programs exist because high rollers aren’t attracted by offers like 100% deposit bonus up to £100-500. If you bet in the region of 10k a month, then you need to be approached in a different way and the operators know that.
Refer a Friend Bonus
Most retail operations, not only in the world of Casinos, have ‘Refer a Friend’ programs. The bonus may come in the form of a cash bonus or a certain number of free spins.
The bonus may also be proportional to the amount of money the referred friend deposits. There may be restrictions about the use of these funds just like the other examples above.
Payment Method Bonus
This one is kind of rare nowadays, but you may eventually come across this kind of bonus, when a certain payment option is offering good conditions to the operator they may encourage it’s use via promotions like free spins or special deposit bonuses.
There are several ways the players can explore the competition among operators. Profit margins are much lower than they were in the past which means there is an ocean of prize money being paid every minute at online casinos, 24/7.
It is crucial however for Casino players to make sure they understand the Wagering Terms because it can be quite frustrating to believe you won but then have difficulties to cash out your funds.