Casino bonuses are a great way for online casinos to attract players and for players to take advantage of these bonuses in order to increase their chances to win.
There are many types of casino bonuses and their amount differs from casino to casino, however, the most common types of bonuses include welcome bonuses, no deposit bonuses, deposit bonuses, loyalty bonuses, matching deposit bonuses, and referral bonuses.
The welcome bonus, also known as Sign-up bonus, New Player bonus, Free bonus or No-deposit bonus is the first bonus that new players receive upon becoming a member of a certain casino. These bonuses vary greatly in their amount and they can be as low as £5 or as high as £1250 or even £1500, depending on the casino. Often welcome bonuses are the most generous ones as their purpose is to convince players to become the member of a certain online casino. Welcome bonuses can be offered when players register to the casino in this case they are called a no-deposit bonus, as players are not required to make a deposit. If the offered bonus is very high, certain wagering requirements may apply (e.g. certain games with low house edge cannot be played). Check out what Planet 7 OZ has on offer for Australian players!
First Deposit Bonus or Monthly Bonuses
First deposit bonuses require players to make a deposit, which is then either matched 100% or 50% by the online casino, or, depending on the deposited amount, a fixed bonus is offered. First deposit bonuses are meant to determine players to make a deposit and start playing at the online casino they registered at. Some casinos, in order to establish a loyal customer base, offer monthly deposit bonuses, which are different from loyalty bonuses.
Loyalty bonuses or reload bonuses are usually offered within a casino loyalty membership programme that players can become a part of. Players can gather points which can be turned into bonus credit or, if the casino has a loyalty shop, they can use these points to claim certain prizes such as telephones, smart TVs, skydiving experiences, and even cars!
Matching Deposit Bonuses
With this bonus, the online casino basically matches the amount of the player’s first deposit or a referred player’s first deposit up to a certain amount.
Refer-a-friend bonuses are offered when an already registered player refers a friend and the online casino usually matches a certain percentage of the referred friend’s first deposit. The referral bonus is then deposited to the account of the player who made the referral.
High Roller Bonus
High roller bonuses are offered for VIP gamblers and high rollers, that is, for players who wager larger sums of money. High roller bonuses are offered as a percentage of the wagered amount, which usually has to be over £500 or £1000.
Payment Method Bonus
Players can choose from several payment methods to deposit or withdraw their funds. If an online casino wants to encourage players to choose a certain payment method, it can do so by offering them an additional bonus for depositing or withdrawing funds using that payment method.
Of course, not all the above-mentioned bonuses are available at all casinos, which is why you should read the Terms and Conditions of the casinos you are thinking to register at to compare and contrast the bonuses they offer and to determine which is the best choice for you.