Updated: May 17
Online casino bonuses are a great way to attract new players and retain existing ones. With the increasing competition in the online casino industry, operators are offering various types of bonuses to players. However, with so many different types of bonuses available, it can be confusing to know which one to choose. In this blog post, we will explain the different types of online casino bonuses and how they work.
1. Welcome Bonus
A welcome bonus is the most common type of bonus offered by online casinos. It is usually given to new players as a reward for signing up and making their first deposit. The welcome bonus can come in different forms such as a match bonus or free spins.
2. No Deposit Bonus
A no deposit bonus is a bonus that is given to players without requiring them to make a deposit. It is usually given to new players as a reward for signing up. The no deposit bonus can come in different forms such as free spins or free chips.
3. Reload Bonus
A reload bonus is a bonus that is given to players when they make a deposit after their initial deposit. It is a way of rewarding loyal players for their continued patronage. The reload bonus can come in different forms such as a match bonus or free spins.
4. Cashback Bonus
A cashback bonus is a bonus that is given to players based on their losses. It is a way of reducing the player's losses and encouraging them to keep playing. The cashback bonus can come in different forms such as a percentage of the player's losses or a fixed amount.
5. Loyalty Bonus
A loyalty bonus is a bonus that is given to players who have been playing at the online casino for a long time. It is a way of rewarding loyal players for their continued patronage. The loyalty bonus can come in different forms such as free spins, cashback, or exclusive bonuses.
6. High Roller Bonus
A high roller bonus is a bonus that is given to players who make large deposits. It is a way of rewarding high rollers for their large deposits and encouraging them to keep playing. The high roller bonus can come in different forms such as a match bonus or exclusive bonuses.
7. No Wagering Bonuses
No wagering Types of Casino Bonuses can be free spins, bonus cash, or a reload bonus. There are other types as well. These are rare offers if we compare them to regular ones and you will need to find an online casino that has them available. The main difference is in the wagering requirements.
Most Types of Casino Bonuses have wagering requirements. What this means is that you will have to bet the bonus funds a specific number of times. This can range anywhere between 10 times and 100 times. Only after you have met the wagering requirements, you can withdraw the funds. No wagering bonuses are the opposite. You can claim the bonus on the promotions page, use it and withdraw the funds whenever you like.
8. What are wagering requirements?
Wagering requirements are a feature of just about every casino bonus. They mean you will need to “play through” or “turn over” any bonus funds a set number of times before you can withdraw any bonus winnings.
You can find the exact wagering requirement in our terms and conditions or by checking the individual bonus rules.
To help explain how they work, here is an example. If the wagering requirement for a bonus is set at 35x, this means that you’ll need to place bets worth 35 times the amount of bonus money you received.
For example, to withdraw a €50 bonus, you would first need to place €1,750 (50 x 35) of bets. That doesn’t mean you have to deposit that much, you just have to keep cycling through your winnings until you reach that total.
In conclusion, online casino bonuses come in different forms and offer various benefits to players. Understanding the different types of bonuses and how they work is essential to choosing the right bonus that suits your gaming style. Whether you are a new player or a seasoned player, online casino bonuses can enhance your gaming experience and increase your chances of winning.