Anyone considering joining a new online casino will be able to get various offers and promotions. But for those new to online gambling, the many different options can be too confusing. Factor in the terms and conditions attached, and it is tricky to get your head around how they all work and what they mean. In this article, we will explain the different types of online casino bonuses. Read on for everything that you need to know about how this works, plus their pros and cons.
Deposit Match Bonuses
Probably the most common welcome promotion offered by online casinos is the deposit match bonus. When players join a site for the first time, they can get a boost on the initial deposit they make. Each online casino has its own deposit match bonus. However, a standard offer is a 100 percent bump, with the boost of bonus funds. Of course, this bonus money is subject to terms and conditions. Wagering requirements are the main thing to be looking out for. As an example, wagering requirements might be set at 20x.
What this means is that if you get $100 in bonus funds, you will have to stake $2,000 to unlock the money. Unless the wagering requirement is met, the cash will remain in a bonus wallet and will not be available to be withdrawn as hard cash. In some cases, deposit match bonuses are spread out over a few deposits, not just on the first one a player makes.
Reload bonuses function in the same way as the deposit match bonus, aiming to attract new customers. For a reload bonus, players receive a bonus boost when they deposit into their online casino balance. These reload bonuses might not always be available, so they can be used by casinos to drive up revenues if they are having a slow period. Reload rewards are also an excellent way to encourage customer loyalty. With this online casino bonus, players are tempting back to a site to play their favorite online casino games.
Free Spins Bonuses
Another option for new casino customers is to use free spins bonuses. Many online casinos that concentrate on slot games might offer this type of deal. Free spins bonuses give players a chance to spin the reels without risking any of their own money. While there might be a maximum win in terms of conditions, these casino bonuses are still handy. For example, people can use free spins bonuses to test out a new slot game for the first time.
Sometimes, online casinos will restrict free spins bonus to a certain slot or a few different games. On other occasions, people might be free to use their free spins bonuses on whatever game they want.
No Deposit Bonuses
Lastly, a promotion that is becoming a lot more common with online casinos is the no deposit bonus. What this does is exactly as it says – it is a bonus available without making a deposit. Similar to free spins bonuses, this means a player can test out an online casino site without making a deposit. With no money risked, players do not have to worry about losing any of their own cash.
However, there is likely to be a maximum win attached in the terms and conditions of this type of offer. What this means is that if players are lucky enough to get a jackpot win, they will only get a small portion of those winnings.