Online gambling industry is very competitive, many online casinos offer various types of bonuses to attract new players as well as to keep existing players. Online casinos offer various bonuses with the purpose of encouraging their players to make deposit and play the games with real money. However, players can also take advantage by claiming the free money so that they have extra leverage with a bigger bankroll to play their favorite games.
1. Welcome Bonus
Almost all online casinos offer welcome bonuses. It is a common acquisition tool, beside the no-deposit bonus to attract new sign ups. They are a few types of welcome bonuses, the most common type is 100% first deposit bonus. Some casinos offer the welcome bonus as a package with a few first deposits in order to make the welcome bonus more attractive and be selected by new players who are looking for an online casino to sign up with. Generally, online casinos will match the first deposit, subsequent deposits with a certain percentage, can be ranged from 10% to 300%, up to $5,000, depending on the offers. As a player who wants to get extra leverage and stay a better chance to win at casino with high amount of bankroll, you want to find the best welcome bonus. But, it should not be the only factor to be considered when finding the best online casino. You should review through the terms and conditions to make sure you can take advantage by claiming the welcome bonus. b
2. No Deposit Bonus
No deposit bonus is a type of risk-free bonus offers by online casinos to players without the need of making any deposit. It can be in the form of free money deposit to the player's account once they open the account, or it can be in the form of free spin or free play within a limited time, for example you can spin the slots for 1 hour for free and keep the winnings. Or, it may also in the form of certain amount of free money for you to win as much as you can within certain period of time, for example 1 hour, 1 day or within 7 days. No deposit bonus is one of very common acquisition tools used by online casinos to attract new sign ups.
3. Cash Back Bonus
Cash Back Bonus special bonus that rewards to players just for playing. It is some sort of compensation to players who lose money. Normally, the amount of bonus is depending on the amount of money lose in a certain period. For example, a casino offers 10% monthly cash back bonus, will deposit the 10% of the money lost to player's account on next financial period, normally at beginning of the month. Some casinos offer cash back bonus as a type of welcome bonus to new players. They will cash back certain percentage of money lost in the first month or first few months to player account.
5. Refer A Friend Bonus
Refer-a-friend bonus is a type of reward granted by online casinos to players who bring their friends to the casino. It is one of ways for casinos to keep royal customers while increasing their user base. Although different online casinos may have different ways in which a refer-a-friend bonus, the basis is the same, as long as you recommend your friends and these friends sign up with a real account, the bonus will be deposited to your account once they make the first deposit. Generally, it does not have upper limit on the amount of bonus you can claim, you can claim as many refer-a-friend bonus as you can as long as you refer your friends and they make the first deposit to their account.
Almost all casino bonuses come with the wagering requirements as one of their terms and conditions. Therefore, you should understand the term in order for you to find the best casino bonuses from so many offers. A wagering requirement is a multiplier to either the bonus, the deposit or the bonus plus the deposit that you have to play through before you are eligible to cash out any winning received using bonuses.
Since all casino games have a house edge, the wagering requirements ensure that the player cannot simply walk away with free money after claiming the bonus. The players have to wager the deposit and bonus on the games in order to meet the minimum requirement in order to withdraw the winnings received from bonuses.
Not all games contribute to wagering requirement, you have to read the terms and conditions to find out the games can be played using the bonus money. Be aware that casinos do limit the types of games that can be played with bonuses and the winnings can be voided if you play games that are not allowed to be played with free money. Moreover, not all games that are allowed to be played contribute 100% toward wagering wagering, low risk games contribute smaller percentage, you can get the list of games and their contribution percentage from the casino's terms and conditions.
The casino bonuses are being offered in two forms: cashable and non-cashable bonuses. The significant different between these forms of bonuses is, the non-cashable bonuses will be deducted from player's account when they withdraw their winnings while cashable bonuses will be transferred to players cash account and they can withdraw the bonuses once they meet the minimum wagering requirements.
Generally, the cashable bonus is the money given by the casino to you once you have wagered a required amount. Even you lose your initial cash deposit, but meets the wagering requirement, you can withdraw the cashable bonus. On the other hand, non-cashable bonus is the money add to your cash deposit, for wagering purpose only. You can't withdraw the bonus. However, the free money gives you extra leverage in bets so that you stay a better chance to win at casino.
In order to know what you need to do or what kind of bonus you are getting when you deposit at an online casino, make sure you read the Terms & Conditions.