Online Casino Bonuses: All You Need to Know
If there is one business entity that knows how to give stuff away, it is a casino. While there are no free suites or drinks at online casinos, there is a more valuable thing you may get gambling online, and that is none other than bonuses. Of course, the bonuses are not actually free money, but with skill, strategy, and luck, you can turn them into hard cash.
Why Casino Bonuses?
The online casino world is very exciting. More and more gambling emporiums pop every day, with each of them claiming to offer the best deals to gamblers. As a result, players are spoiled for choice when it comes to knowing where to spend their dollars. Now, in this highly competitive ecosystem, casinos strive to exist, and as they say, the fittest always survive. This is where bonuses come in. Bonuses are highly regarded by online casinos as the best tool to gain a competitive edge over others. Bonuses help to attract new players and maintain customer loyalty. The bonuses make it possible for gamblers to play longer with little money, meaning that their gaming experience would be shorter without bonuses, unless the players decide to spend more.
Types of Casino Bonuses
Casino bonuses take various forms, with a welcome match bonus being the most common type of bonuses. This bonus is the red carpet for new players after they sign up to a casino site and is also known as a sign-up bonus, new player bonus, opening bonus, or a first deposit bonus. Most casinos will match your first deposit a 100%, meaning that the deposit will be doubled. The bonus is usually capped at a certain amount of money. For instance, Jackpot City offers a welcome bonus on the first four deposits, up to $1600. Each of these deposits is matched by 100%, up to $400, meaning that you will be eligible to claim the full bonus if you deposit $1600 (your total balance will be $3200).
Welcome bonuses are sometimes accompanied with free spins, which must be used on certain games. For example, players at Royal Vegas start with a first deposit bonus of 100%, capped at $250, with an extra 30 free spins (on Dragon Dance). Your next two deposits will be generously matched by 25% and 50%, up to $200 and $750 respectively. The bonuses on your second and third deposits are accompanied with 40 (on Wild Orient) and 50 (on Suntide) free spins respectively. The total welcome package amounts to a generous $1200. Other types of bonus include reload bonus, payment method bonuses, high roller bonus, no deposit bonuses, sticky bonus, and refer a friend bonus.
A casino bonus is like a gift card you get from a store. You can only use the card in the store that has gifted it. When a casino awarded you a bonus, you have to use it at the casino, rather than withdraw it and use it to play elsewhere. Wagering requirements refer to the amount of times a player is required to wager through the bonus before they can withdraw any winnings. For instance, if you’re awarded a bonus of $50 with 20x wagering requirement, you will need to spend a total of $1000 before withdrawing any profits.