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| A Guide to Online Casino Bonuses |
Bonuses are considered the ‘comps’ of the online casino world. While land-based casinos can give out free drinks, meals and accommodation to their loyal customers, naturally online casinos are limited to what they can physically hand out. With that in mind, bonuses are issued to customers – new and returning – in a bid to lure them to the online casino and reward them for their loyalty.
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Types of bonuses |
Newcomers to the world of online gambling may, understandably, be confused with the wide range of bonuses offered and may not know which to choose from. Some of the most common types of bonuses are as follows:
Sign Up Bonus
The sign up bonus, also known as a match bonus or welcome bonus, is as its name implies – it is awarded to an online player who registers with an online casino for the first time and funds his account. Sign up bonuses are considered the most generous bonuses given out by online casinos because they are meant to attract new players to make that first deposit. As such, players may feel that these offers are sometimes ‘too good to be true’, however in all probability the amounts appear lucrative because online casinos are up against stiff competition in the industry and want to make an impact on the first time round.
In order to benefit from a sign up bonus, players need to fund their accounts for the first time, and the online casino will match that amount with a specified percentage. So, for example, if a casino is offering a 100% sign up bonus, it will match the player’s $100 initial deposit with another $100, giving the player $200 to spend at the games. Sign up bonuses can range from 50% to a whopping 300%.
No Deposit Bonus
Online casinos offer a no-deposit bonus to players who wish to try out the games and software without funding their accounts with real money. The casino will deposit real money into the player’s account (usually not more than a few dollars) and the player is free to play the games with the no-deposit bonus. The advantage of these kinds of bonuses is that all winnings are for the player to keep!
High Roller Bonus
Players who make higher-than-average size deposits into their casino accounts are known as high rollers. Naturally, online casinos are keen to hang on to these kinds of customers and will go the extra mile to reward them for loading and reloading their accounts. High roller bonuses are therefore significantly more than the average bonuses offered to players and are used as an incentive to get high rollers to come back for more.
Reload Bonus
First time gamblers and big spenders are not the only types of players rewarded by online casinos. Sites will also reward players for their loyalty by offering them a certain percentage of their subsequent deposits in the form of a reload bonus. So, for example, a player who comes back to deposit another $100 in his account, will benefit from another $25 on top of that amount if the online casino is offering a 25% reload bonus. |
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| Choosing the Right Bonus |
| With so many great bonuses and promotions out there, players may be forgiven for wanting to run out there and sign up with the highest bonus they see. However, as tempting as this may be, players should take some time to read up about each and every bonus and make an informed decision before signing on the dotted line. It is imperative to remember the highest bonus is not necessarily the best one for YOU. All bonuses come with terms and conditions and it is very important to read these carefully before deciding whether that particular bonus suits your bankroll size, gambling lifestyle and other parameters.
It is much better to take some time going through the terms and conditions of each bonus, than signing up for the first one that comes along and being sorry afterwards about your decision. If in doubt, ask customer support for clarification. |
| Bonus Restrictions |
Online casinos are businesses in every sense of the word and as such, they naturally need to maintain an edge so that they can profit from their business. While it is generally understood that online casinos have the upper hand when it comes to games, many don’t realize that this edge applies to online bonuses as well. In order to maintain this edge, online casinos place certain restrictions on their bonuses, which should be carefully noted by players before they decide to sign up for a particular promotion.
There are certain questions that players should ask themselves before redeeming a bonus:
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Is the bonus cashable? Common sense says that if you win money at the online casino, that money sits in your account until you cash it out. However, some online casinos put restrictions on their bonuses, which generally state that any winnings made with a bonus amount are not cashable ie. cannot be withdrawn but CAN be used towards further online gambling at the site. Players should decide whether this type of restriction is suitable to them or not. |
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Is there a wagering requirement attached? Some bonuses will require the player to wager a certain number of times the size of the bonus amount before they can withdraw any winnings. For example, a $50 bonus that has a 10x wagering requirement attached to it, means that players will need to wager 10 x $50 before they can cash out their money. |
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Are there any game restrictions? Some online casinos will place restrictions on the games that can be played with a particular bonus. These games are usually those with a low house edge such as blackjack and European roulette. If you are signing up for an online casino because you are a huge blackjack fan, think long and hard about whether this type of bonus suits you! |
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As you may have gathered by now, choosing the right bonus can be a little tricky and confusing, especially if you are new in the industry. Luckily, help is at hand! Here at CasinoBonus.org we go to great lengths to select the best bonuses for our players. We compare the bonuses offered by over 1000 online casinos out there, check out their terms and conditions and make very effort to choose the very best casino bonus offers that are currently available. We urge you take a look out our Top 10 bonuses to give you the guidance you need in picking out the best online casino bonus for YOU! |
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