Online Casino Bonuses and How They Work
Online casinos provide several incentives to attract new players and retain existing players at their casino. The bonuses can become the major criteria for players in deciding an online casino to play at. There are various types of online casino bonuses and each has its particular advantages and conditions. You should get some understanding about the bonuses, especially the terms and conditions before you accepting the bonuses.
In general, there are 2 categories of bonuses: STICKY & CASHABLE bonuses. Sticky bonuses are the free money that lent to you by the casino. You can use the sticky bonuses to play your favorite games, if you win and meet the wagering requirements, you can only withdraw the winnings and not the sticky bonuses. The casino will take back the bonus upon your withdrawal. On the other hand, cashable bonuses are the money that can be withdrawn along with your winnings after meeting the wagering requirements. Normally the online casinos won’t state their bonus offers to be the sticky or cashable in their promotion page; you need to read the terms & conditions to find out which category the bonuses are.
Regardless of sticky or cashable bonuses, there are a few common casino bonuses, which can be found in casino’s promotion page. These bonuses are:
No Deposit Bonuses
No Deposit Bonuses are free money given by the casino. It does not require you to deposit any money. You just need to open a real-player account with the casino that offers no-deposit bonuses. Normally the bonuses will be automatically deposited into your player’s account, but some online casinos may require you to confirm your account through a confirmation email, or upon verification of your credit card before the no-deposit bonus being deposited into your account. Most no-deposit bonuses are ranging from $10 to $100 depending on the casinos. Some online casinos offer no-deposit bonuses in the term of free-play; this type of no-deposit bonus is normally offered for playing slots machines or video poker. Once you have sign-up a real-player account with the casino, you will be given a certain amount like $500 free-play bonus or a number of hours such as 5-hour free-play time at the casino. There are terms & conditions of wagering requirements on the no-deposit bonuses that you need to meet before you can withdraw the winning.
Welcome / Sign Up Bonuses
Online casinos reward new players by offering welcome or sign up bonuses. These bonuses are offered in term of matching bonus based on the amount deposited by the new players. Normally, online casinos will match 100% to 200% for the first deposit, but some casinos may go up to 500% to attract more new players. The welcome bonuses may be matched only with the first deposit, or a few initial deposits depending on the casino’s promotion strategy. The bonuses normally have a minimum and maximum deposit limits. The player needs to deposit the amount the meet the minimum deposit in order to eligible for the bonuses. And, the casino will only match the bonuses up the maximum deposit amount.
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Existing players will also be rewarded whenever they deposit the money into their account. These bonuses normally are given in term of weekly or monthly bonuses, which normally ranges from 25% to 50%.
Some casinos will refund some of your losses during a certain period of play in term of cash-back bonuses. It may range from 5% to 15%. The more you lose the more cash-back bonus you will get. Off course, you don’t want to get more on this type of bonus because it means the more you get, the more you have lost to the casino. However, it is still an attractive bonuses offered by online casinos.
This is the incentive given to the players who refer or invite their friends to play at the casino. You can get some money (normally $50) for every player who register into the casino with your help.