Over the years, bonuses have become an inextricable factor in the casino industry. Many casinos have woken up to the fact that bonuses are the best way to retain new customers, even with a low wager casino bonus. As such, players have also learned to check the bonuses a casino offers before signing up with them. This makes offering bonuses a win-win for both the casino and punters.
In their bid to outdo each other in retaining customers, casinos came up with different kinds of bonuses. While these bonuses still serve the purpose of the casinos, they have become a bit confusing to players, especially new ones. It is, however, important to know the differences between bonuses to determine which to accept or ignore. Below is a list of different casino bonuses:
- Welcome bonus
- Deposit bonus
- No deposit bonus
- Free spins
- Loyalty bonus
- Referral bonus
Welcome Bonus
This is the first bonus a new player is most likely to come across. In some casinos, the welcome reward comes as a deposit bonus, while others offer it in the form of free spins or both. Welcome bonuses are exclusively for new players who register for the first time. After which, he receives a certain amount which is usually within the range of $10 to $30. However, some casinos offer a lot more.
Welcome bonuses can be expended on any casino slot, or table game and the player is allowed to keep his winnings from the bonus. Though, like every other bonus, the amount earned from welcome bonuses must be wagered a certain number of times before withdrawal.
There’s a lot to gain from making good use of welcome bonuses. It allows players to try their hand at various casino games without using their own money. This tryout helps you to determine if the casino is for you and if the games suit your gaming style before making a deposit. A welcome bonus also fattens your gambling funds, which allows you to play games with higher stakes.
In addition, a welcome bonus is a good way for players to become acquainted with the casino’s software. Any mistake made during this time will not do so much harm as when the player is using real money.
Deposit Bonus
Deposit bonuses are quite different from welcome bonuses. However, they are no less a delight to punters. It’s one of the bonuses most players look forward to receiving because it can be used to earn more and play more. Deposit bonuses are granted to players upon depositing a certain amount in their accounts.
What makes this bonus unique is that, unlike welcome bonuses, it is not a one-time bonus. Deposit bonuses are given to players on their second, third, and subsequent deposits. The goal of deposit bonuses is primarily to encourage players to make more deposits into the casino account. Though, it is also a means of bringing in new players and retaining older ones.
Deposit bonuses are also known as match bonuses. This is because casinos usually match players’ deposits at a specified percentage. For instance, if a casino sets its deposit bonus at 100%, this means the casino will give, as a bonus, the exact amount deposited by the player. That is, a player who deposits $100 receives $100 as his deposit bonus.
No Deposit Bonus
No deposit bonus is just as its name implies. This type of bonus requires no real money deposit from the player, which makes it the opposite of deposit bonuses. The aim of granting this type of bonus is to encourage players to try out a casino site or attempt a newly released game without the risk of losing their own money.
No deposit bonuses are not entirely free. Casinos impose certain limitations on them, which vary depending on casino policies. Most casinos place a high wagering requirement on them to deter players from abusing the bonus. As such, a player will have to deposit cash out of the bonus and other winnings. However, players need not make any deposit to use the bonus on a game.
In any case, no deposit bonuses are quite advantageous to players in that it gives players the chance to win real money through the winnings that cannot be withdrawn immediately. It is also a good way to try out the games offered by a casino and increase your gambling funds.
Free Spins
Many online slot players prefer free spins to other bonuses. It is one of the bonuses casinos offer to players in no small measure. Like free casino chips, free spins may be granted to a player in batches of 20, 30, even up to 100, and more. They are usually granted as a promotional campaign for new slot machines though some casinos also grant them to new players.
Free spins also avail players of an opportunity to try new slots without using real money. However, free spins usually come with high wagering requirements and a limit on the amount withdrawable. As such, it is important to read the terms and conditions that come with this bonus. For instance, free spins are known to expire if not used within their validity period.
Loyalty Bonus
Loyalty bonuses are given to players as a reward for engaging in any best online casino in different activities. The particular reward granted usually varies from casino to casino. They may come as cash rewards or free spins. Cash bonuses granted to a player can also be turned into loyalty points to be redeemed later.
Some casinos allow players to benefit from bonuses by withdrawing loyalty bonuses after meeting all the stipulated conditions for their withdrawal. A player also has the option of converting free spins into loyalty points. Once loyalty points begin to accrue, the casino offers the player special rewards. This may be in the form of VIP services like faster withdrawals.
Referral Bonus
The process of obtaining referral bonuses is quite simple. All you have to do is invite a friend who also enjoys gambling to the online casino you play with. Once your friend signs up, you automatically become eligible for a referral bonus. Casinos usually provide a referral link to every player with which to refer friends into the casino.
Given that the main aim of bonuses is to bring in new players, casinos usually grant generous rewards to players who bring in friends. So if you would like to benefit from this bonus, it’s time to make friends who are interested in gambling.
Other bonuses offered by casinos are:
- Promo codes
- Cashback
- High roller rewards
- Reward multipliers
- Payment method bonus
Evidently, there is no shortage of bonuses in the casino industry. Every casino offers different kinds of bonuses to its players. Though these bonuses come either as a cash bonus or free spins, the real difference lies in the purpose of granting them.