The world of online casinos is a very glittering and competitive one: one can find many attractive online casinos featuring almost the same games, same fine customers service, same safety and similar softwares providing similarly smooth and impressive gaming experiences.
For this reason, casinos try to make their bonuses as attractive as possible, so that they will lure new players into their casinos. What casinos allow you to do with these bonuses varies: Some allow you to cash it out instantly, some allow you to use it only to wager, and some allow you to cash it out when you reach a certain limit.
Types of Casino Bonuses
There are several different types of bonuses a player can make use of at a casino and apart from those specific bonuses, you can win free spins or rounds or special bonuses while playing the games. You can find information about bonuses on the Terms and Conditions or FAQ page of the casino’s website.
A Welcome Bonus or Sign-up Bonus offers you a certain amount so that you can play at the casino without using your own real money. More than often, a welcome bonus will allow you to try the casino games for a limited time, such as 1 hour. The bonus itself is rarely cashable; however, what you win with that bonus is usually cashable.
What you should be careful about this bonus (actually, all bonuses a casino offers) is the wagering requirements. Wagering requirement means the amount of money you should bet at the casino before you can cash your winnings out.
Many casinos use a wagering requirement in between x20 and x40. So, if you are offered 50$ bonus and if the wagering requirement for that bonus is x30, you need to bet 1500$ before you can withdraw the money you earned from that bonus. So make sure that you check the bonus terms and conditions of the casino before you start playing to see whether it fits you or not.
A match bonus is the most common type of bonus online casinos offer. It simply offers to give you a bonus which is a certain percentage of your deposit. So, if you deposit 50$ and the match bonus is 100%, you can start playing at the casino with 100 $ in your account.
If you deposit 50$ and the match bonus is 50%, you have 75$ in your account. Again, it is important to learn about the wagering requirements before you deposit any money.
Almost all casinos have Loyalty or VIP Clubs in which you earn bonus points whenever you play at the casino. Usually 100 or 1000 points make 1$ at such clubs. In some VIP Clubs, there are different levels of loyalty and the more you play at a casino the higher your level gets.
And the Club can give players different amounts of bonuses, in accordance with their level: A newbie can get 1% loyalty points for playing roulette, whereas a more regular member with a higher rank can be awarded with a 3% bonus for the same game. Several casinos also give a referral bonus, if you manage to get a new player to their casino.