To entice both new and returning players to pick one casino over another, online casino bonuses were created. This is in contrast to brick and mortar casinos. Those offer incentives in the forms of free food, drinks, and the occasional prizes. iGaming websites do not have the same options given that players are not likely to enter a physical casino. So for online casinos to treat their customers as VIPs developed the signup bonus, often known as the welcome bonus.
Many sites advertise signup bonuses of 200% or more of the initial deposit, often reaching into the hundreds of dollars. It is always important to read the terms and conditions of these offers, as many casinos have restrictions on which games may be played with a bonus, and most bonuses have wagering requirements attached before they can be cashed out. It is generally a good idea to check websites like Casino Bonus Club when looking for bonuses because they do the research and publish the top bonus offers available along with important details like deposit and wagering requirements.
The Wagering Requirement
Before discussing the bonuses themselves, it’s important to understand the usual restrictions that come with them. The most important bonus condition that must be fulfilled before any bonus winnings can be withdrawn is the wagering requirement.
The wagering requirement is the minimum amount that must be wagered before a player can cash out any winnings from a bonus. Before they can withdraw any profits, a player who deposits $10 and receives a $10 welcome bonus with a 5-times play-through requirement must wager $50. Although certain online casinos might include your first deposit in the match bonus, players should be aware of this possibility. In order to meet the wagering requirement, you would have to wager a total of $20, five times bringing the total to $100. It is obvious why it is so important to read the small print.
The No-Deposit, Match, And Sticky Bonuses
A no-deposit bonus, a match bonus, or a sticky bonus are the three types of signup bonuses that online casinos often provide to new customers. These bonuses are occasionally offered after you’ve registered and made a first deposit, but since you’ll most likely encounter them at the beginning of your experience with online casinos, we’ll discuss them in terms of welcome bonuses.
An online casino may offer you a “no deposit bonus” when you create an account with them. This is the casino giving you between $10 and $25 as a bonus for doing nothing more than signing up. The intended use of this bonus is to try out different games and features available in the casino. This is essentially a small bonus given to you at no cost in order for you to try out the casino. Realistically, you’re not going to get any more than $10, $15, or $25.
The most common kind of sign-up bonus is the match bonus, which doubles or even triples your first deposit up to a maximum amount. A majority of online gambling establishments offer new players a bonus of anywhere from fifty percent to three hundred percent upon their first deposit. Unlike match bonuses, sticky bonuses do not allow the bonus amount to be withdrawn after the wagering conditions have been met. You can only cash out your winnings, minus the bonus amount you initially received.
The Free Spins Bonus
With free spins, you can place a certain number of free bets on a particular slot game. In other words, you can enjoy the advertised game without spending any of your own money. Consider receiving 10 free spins on Play’n GO’s Book of Dead slots. You can wager a total of $10 on that slot machine without using any of your own money if these spins are worth $1 each. Any winnings from the spins will be added to your balance.
Free spins are rather versatile and can come in any combination of offers. Sometimes they are an extra added on top of the welcome match bonus, sometimes they come as a no deposit bonus, and they may also be offered to you as part of the occasional casino promotions for new slot launches or other events.
The Loyalty Plan
One way that online casinos thank players who remain for a long time is via a loyalty program also referred to as a VIP club or loyalty plan. Players that consistently wager or deposit a particular amount receive cash and other benefits through the loyalty plan program.
You might be eligible for a rewards program that reimburses a portion of your wagering expenses if you frequent the casino enough. With each wager, the player accumulates points that can be exchanged for money. For every ten dollars wagered, players receive one point under the traditional point system. Therefore, 10 dollars might be equivalent to 1,000 points. It’s easy to see how quickly they can mount up given that these points are awarded for each wager rather than the amount of the initial deposit.
In the end, most casinos basically use the same methods to keep you engaged and happy with your casino experience, usually just packaged in a different way. It’s a good idea to familiarize yourself with their loyalty programs, terms and conditions, and any bonus offers they may have before you sign up if you want to have the greatest experience possible.