Types of Casino Bonuses
The conditions that you must meet for each of them are different, and so are the rewards that they offer. To get a better understanding of how casino bonuses work, check out our guide of types of casino bonuses.
Deposit Bonuses
A deposit bonus is an extra money reward that gets credited to your account with your first deposit. Most of the times, deposit bonuses are accompanied by other spicy rewards, such as spin bonuses and other types of free stuff.
Deposit bonuses are often given depending on the amount of money that you put into the site – you’ll rarely see a website offering a given amount of money as a reward. Thus, you’re likely to encounter a 50% deposit bonus, for example, which means that if you deposit €100 to the site, you’ll be getting an extra €50 as a reward.
There’s usually a limit tied to these bonuses (most casinos set the maximum bonus amount to €200). You’ll also have to bet a certain amount of your own money on the website before being able to withdraw your bonus earnings.
No Deposit Bonus
Often known as the most difficult types of bonuses to cash out, no deposit bonuses are free spins or a small amount of credit cash that you get in any casino site without having to commit financially to the service. Even though these bonuses are free, meeting the required criteria to be able to cash them out is very difficult.
Most of the times, you’ll have to spend at least 30 times the amount of your earnings in other bets before being able to withdraw your earnings from the site.
Free Spin Bonus
Free spin bonuses have become the site extremely popular in recent times, mainly because the casino doesn’t give you a determined amount or percentage of money, but instead provides you with the opportunity to play their popular slot games with no strings attached.
Depending on the money you make from these free spins, you’ll have to spend a certain amount of your own cash before being able to withdraw it.
Some online casinos give you free spins after making your first deposit, in which case you’ll have to meet fewer criteria than you would have to if the spins were given out for free. There are some other websites that offer you 10 or 20 free spins, for example, but you’ll have to wager a lot of money before collecting the profits.
Loyalty Bonuses
Loyalty bonuses are part of most online casino’s loyalty programs. You can find the best loyalty bonuses within the best VIP programs on the internet.
Most casinos hold special contests for their long-term players. These are usually the most beneficial bonuses, but as such are also the hardest ones to obtain. You might need to be part of an online casino for a period of over a year before being able to benefit from a loyalty bonus, or you might need to wager a certain amount of money first.
These bonuses are also not limited to a certain type of reward. Furthermore, they can be seen in various forms depending on what the casino has to offer. We’ve seen plenty of casinos offer special prizes in loyalty competitions where players get the chance to earn a free trip around the world, or paid vacations in luxury hotels.
Some loyalty bonuses aren’t tied to high-wagering or long-term customers. At times, you may qualify for a loyalty bonus after playing in a casino for just a few months. Some of the benefits you might get are lower withdrawal limits or even higher bonuses in certain slots games.
