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What is a Casino Bonus?
No matter what casino you visit, whether it is online or a traditional brick and mortar building, all of the games are intended to give the house a slight edge. The advantage is not always a large one because, over time, the edge builds up, and the player losses money. You have most likely heard the term ‘the house always wins.’ That is exactly what it means; the house always has the advantage. There are some strategies that a player can use to help shift the advantage, even if temporarily, to their favor. In an effort to give a slight advantage back to the player, casinos offer bonuses and promotions. They can help limit your losses or help you win over time.
Types of Casino Bonus Options
There are many ways an online casino can provide extra spins or credits to you. These are on the house, which means you do not have to pay for them. Some bonuses are specifically for new players, whereas other rewards are open to new and existing players. You may find bonus options such as a welcome package, loyalty program, a general promotion, a reload, or perhaps some other type. They are available to help enhance your experience while playing at the online casino. Different casinos have varied options to keep you interested in returning to their casino. The more you play there means the more business and money you give them. There are some standard bonuses that you will most likely see at all online casinos.
- A welcome or sign up bonus
- Free plays
- Free spins
- A reload bonus
- No deposit bonus
- A cashback bonus
- High Roller bonus
Welcome / Sign Up Bonus
The bonus is available only to new players that have just registered or created an account with the online casino. This type of bonus is interchangeably referred to as a welcome or a sign-up bonus. This type of bonus often includes a deposit match piece to it. If you deposit money into your casino account, the casino may match your deposit amount up to a certain limit. When the casino offers a deposit match, it typically has a limit to it. Sometimes the welcome bonus has a series of deposit matching options instead of just one.
An example of what this might look like is:
- One hundred percent of your first deposit is matched.
- If you deposit $200 into your account, the casino gives you $200 additional in your account.
- Seventy five percent of your second deposit is matched.
- If you deposit $200 into your account, the casino gives you $150 additional.
- Fifty percent of your third deposit is matched.
- If you deposit $200 into your account, the casino gives you $100 additional in your account.
- Twenty five percent of your fourth deposit is matched.
- If you deposit $200 into your account, the casino gives you $50 additional in your account.
A welcome bonus may also include additional perks, such as free spins, free play, high roller bonuses, and no deposit bonuses.
Free Play Bonus
The free play bonus option is available at most online casinos. There are usually stages when it comes to this type of bonus. In the first stage, you are given a specific amount of funds as a bonus. There is a time limit for an opportunity to win on select games. The casino selects some games that you can play for a set amount of time where you can win additional bonuses. If you reach the end of the time allotted, and you have accrued more credits, then you have won the bonus round. You can proceed to the second stage. In this stage, you can use your bonus winnings after you have deposited a set amount of money into your account. There are often wagering requirements with this type of bonus, and you must meet them before you can withdrawal money.
A free spin bonus is when you are given a set amount of free spins. These free spins are usually given to you to use on a specific online slot game. Some online casinos want you to make the maximum bet before you can use the free spins. Some casinos allow you to spend the minimum deposit to use the free spin. You should verify the rules of whichever online casino you prefer. Any winnings from the bonus spins go to your account.
Reload Bonus Options
A reload bonus is a favorite among players. It is given to players as a way of saying thank you for a deposit. Online casinos will often match a deposit you made up to a certain amount. Depending on the casino, you will see them with different frequencies. Some casinos offer them only occasionally, while others offer them on a more regular basis. These types of bonuses are often included as part of a loyalty program or some other type of player reward. Often times, the size of the bonus is related to your status as a player.
No Deposit Bonuses
This type of bonus is exactly how it sounds. It does not require the player to have a deposit into the casino account to get any type of bonus. When you consider using a no deposit bonus, it means you have the ability to play with no risk. You do not have to bet your own money, and you are able to practice whichever game you choose. You do want to be mindful of using these types of bonuses without making a deposit between them. Many casinos frown upon this behavior and may consider you an abuser of bonuses. They may prevent you from using these no deposit bonuses in the future.
Cashback Bonus Options
Some online casinos offer you the ability to get cashback on a bet that you have placed. These cashback options make be presented on a specific day, certain time frame, or certain games. An example of this may be, on Friday, 15 percent of all the wagers you make that day are credited back to your casino account. The money is credited back to your account the next week.
High Roller Bonus
A high roller bonus is something that can be applied to any of the above-mentioned bonuses, but it gives you a much grander scale of bonus. If you are considered a high roller, that means that you are making large deposits. Your large deposits equal a higher percentage for your match. It is critical that you understand how this bonus, really all bonuses, functions at the online casino in which you are interested in playing. The rules for bonuses should be listed in a clear and transparent way. If you understand them, there should be no surprises for you later.
It is important that you understand wagering requirements when you want to play at an online casino. The wager is when you make a bet at any game within the casino. It can be any type of game that is offered at the casino. Just about every bonus an online casino gives you is going to come with a wagering requirement. For this reason, you want to understand what it is all about. This way you will not be surprised by it.
An online casino wagering requirement is the amount of money dictated by the online casino that you must play before you are able to make any type of cash withdrawal. This amount of money is typically some multiple of the bonus amount. Most bonuses from an online casino have a set of rules around them. You must meet the criteria before you can proceed with either using the bonus or withdrawing any winnings from the bonus. You may have a minimum limit that you are allowed to withdrawal or the wagering requirement. Wagering requirements can be a difficult concept to understand when you are new to gambling online. These are important concepts with which you need to educate yourself.
When you create an account with an online casino, you will most likely receive a bonus. You will find that you are more likely held to a wagering requirement than not before you can make a withdrawal. If you do not meet the requirement, the bonus money is not changed to real money, and you cannot withdraw. Oftentimes, there is a time limit in which you need to meet the requirement. If you do not meet the requirement within the allotted time, you will not get the winnings. These rules are all important information to understand before you begin depositing money and attempting to collect bonuses.
Tips to Consider with Bonuses
When you are considering bonuses, you should understand the bonus percentage. You also want to understand the maximum percentage. Most casinos match the first deposit up to 100 percent, but there are some that will match it by 200 percent. The amount is not fixed across casinos, and it does vary. The maximum amount is also not fixed across all casinos. It does vary from casino to casino. Some have a maximum amount set to $50, while others have it at $150. You may be able to find an online casino that lets players receive unlimited bonus amounts.
When there are wager requirements, you probably try to play as many games as you can to ensure that you meet the time frame deadline. It is key that you understand that not all games contribute to the wagering requirement in the same way. There are even some games that do not contribute to the wager requirements. You want to make sure you know which those are because you do not want to be surprised when you have been wagering on a game, and it does not get you any closer to the requirement. Usually, but you need to double check this with the rules for the casino where you want to play; slot machines contribute 100 percent to your requirement. Usually, video poker and roulette have a low contribution to your requirement. When you know this information, it helps you make the best decision about how and where to make your bets.
If you enjoy playing slot machines online, you want to look for slot machines that have a medium or low variance. Selecting a medium or low variance slot machine is the best way to meet your requirement and get yourself into a place where you can withdraw your money. You are not going to see high winnings, but it will allow you to meet your requirements. You need to look for a game that will enable you to meet your goals, depending on what those are. If your goal is to meet your wager requirements, then finding a medium variance slot may be the option. If your goal is to win big, you might want to use a different strategy.
Understanding how to properly use casino bonuses can improve your game in so many ways, but you have to understand how to use them and make them work in your favor. Get started today by reviewing this article to make sure you understand all the rules around a casino bonus.