Online Casino Bonuses Explained – Bonus Types
Different Types of Online Casino Bonuses
Online casino bonuses come in all different shapes and sizes. This guide explains all the main types of casino bonus offers you will come across when playing online casinos and what to look out for.
First Things First – Wagering Requirements
Before you go any further, you need to understand what ‘Wagering Requirements’ are. This is the most important aspect associated with collecting any type of casino bonus.
Bookmakers can’t simply give away free money to all and sundry, that would be a crazy business model doomed for failure. That’s why there is always some terms and conditions attached, in other words, hoops to jump through.
In the case of casino bonus bagging, there are almost always a wagering (or turnover) requirement which specifies how many times you need to have wagered your combined deposit & bonus amounts before you can withdraw any of your funds. This can be anything fro, 10x to 75x or even greater. Always look for the casino bonus offers that come with lower requirements and bypass the ridiculously high ones. There’s plenty to choose from.
So for example, if you want to claim the full amount with a typical new customer offer giving you a 100% bonus of your first deposit up to £50, you deposit £50 and receive a £50 bonus making £100 in total. If the wagering requirement is 10x then you would need to wager 10x £100 = £1,000 in total to complete the wagering requirement.
Therefore your first objective is to try to reach the turnover requirement without going broke!
The welcome bonus is the most common type of bonuses offered by online casinos. Also known as new player bonuses, first deposit bonuses, and sign up bonuses they are usually offered as a 100% match up to a specified sum.
For example, if the casino offers a 100% welcome bonus up to £100 (or Euros). If you deposit the full £100, you will receive the maximum £100 bonus, giving you a total of £200 to play with. In this example, the wagering requirement is 20x but on the bonus amount only. So 20x£100 = £2000 play-through total.
It’s important to check through the offers key terms & conditions before you enter any online betting promotion. Some casino bonus offers can be bewildering and other promo offers will ask you to do too much.
Be warned though that some online casino bonuses have become very complicated (and there is a lot of dross out there) and some come with very large wagering requirements so we advise you not to accept a bonus offer if you don’t necessarily have to and especially if the terms seem unfavourable.
No Deposit Casino Bonus
These types of casino bonuses are extremely popular for the simple and obvious reason… no deposit of any kind has to be made into the casino before you can start playing.
A no deposit bonus gives you some free casino play to try out a particular casino, although there’s likely to be some wagering requirements associated with any winnings made from your free play. That’s not always the case though, there are some no deposit bonuses that allow you to keep any winnings as cash with no wagering requirement such as the Betfair free spins welcome offer which is detailed further below.
You will usually have to register a payment method for security reasons in order to collect your casino bonus or free spins but no actual funds will be taken. Sites such as nodepositcasino.com keep an updated list of all the best no deposit casino bonuses along with clear instructions on how to claim them. An invaluable tool.
Casino loyalty bonuses can be earned through regular play at a specific casino who offer such bonuses at their discretion to keep their existing customers happy and usually come with less stringent conditions.
Once you meet their required criteria which your bonus will be awarded However, many online casinos do not actually publicise data regarding how their loyalty bonuses work and they are usually given out only to frequent players, high rollers, and valued regulars.
To keep you coming back many online casinos offer regular monthly bonuses which will be based on your activity.
The deposit bonus or match bonus is the most common type of online casino incentive. It is distributed as a proportion of the players’ deposits.
A 100 percent match or deposit bonus of up to $100, for example, means that a player’s deposit amounts will be multiplied up to $100. As with any casino bonus offer it’s vital to check the offer terms for any wagering requirements – if you make a withdrawal before wagering is met your could forfeit your bonus.
Payment Method Bonus
A payment method bonus is a type of incentive that is handed out on deposits made with specific payment methods. The most frequent type of payment method bonus is a 10% or 15% bonus on deposits made with Neteller, Skrill, PayPal, and other similar services.
With some offshore US-facing sportsbooks cryptocurrencies such as Bitcoin are prefered and players are often afforded much bigger bonuses if they deposit using this payment method.
High Roller Casino Bonuses
Some online casinos try to entice the big spending ‘high rollers’. These are customers who will make much larger deposits and, as a result, play more. Often referred to as VIPs or whales, these players are rewarded with larger bonuses for making larger deposits.
A simple 100% welcome bonus up to £100 will not appeal to a high roller therefore casinos will also offer an alternative high roller welcome bonus which require bigger deposits. VIPs will often get access to other perks such as free tickets to sporting events.
VIP status is usually given on a case-by-case basis depending on your activity at a particular casino.
Free Spins Bonus
Free spins are another popular welcome offer often bundled in with a new customer bonus or first deposit bonus. Some casino sites will even offer some no deposit free spins allowing you to play some free real money spins without having to deposit any funds. Sometimes any winnings are yours to keep but somethings they come with wagering requirements so be sure to check the terms and conditions before taking up the offer.
Right now, Betfair offers 50 totally free spins to all their new casino customers. Any winnings will be transferred to your main balance upon completion of the free spins.
How to claim:
- Join Betfair
- Opt In with promotion code CASF51
- Verify your phone number
- Get your reward
- Use your reward
Refer a Friend Casino Bonus
The “Refer a Friend” casino bonus is a promotional offer that rewards you for referring new players to a casino using your referral link or email.
One of the best things about online casinos is how easy it is to claim a huge variety of bonuses and freebies.
Everywhere you look, there is a casino bonus just waiting to be claimed. However, not all bonuses are equal, and you need to be able to distinguish between good and bad offers.
In summary our advice would be not to take on too many offers at once, as it can lead to mistakes, but the amount you play will generally dictate how many bonuses you can collect.
Take your time, especially if you are new to online casinos, to carefully read the terms & conditions so that you’re aware of any wagering requirements and you fully understand what you have to do in order to collect the bonus and withdraw funds.