What You’ll Find in This Guide
Types of Online Casino Bonuses
The first thing you’ll notice about good online casinos is that they have a range of offers on their Promotions page. If you’re a newcomer, you may be confused by the variety. How can you tell the difference between a no deposit bonus and a deposit bonus? How can you claim cash back on your losses? When can you withdraw your winnings? We’re here to explain. Let’s get to it!
No Deposit Bonuses
Let’s face it: There are LOTS of online casinos out there, promising you the world and beyond. How do you know that you’re getting what’s been promised? Do you have to deposit into each attractive online casino out there to test it out?
The answer is no.
Many online casinos offer you the chance to test drive their platforms and software for free, thanks to no deposit bonus offers.
All that you need to do is register with the online casino by entering your personal details (name, email address, etc.), and your casino account will be credited with free casino cash. Use the credits to play the games and make your decision based on what your own personal experience.
No deposit bonus offers can sometimes also be in the form of free spins.
Note that no deposit bonuses are smaller in size than other bonuses, but they are still a great way to find out much more about the online casino in question!
Perhaps the most competitive type of casino bonus is the welcome bonus. It’s used to entice players to play at a gaming site and the rewards are among the largest you’ll find overall.
Welcome bonuses are also known as New Player Bonuses or Sign Up Bonuses because they are usually given to players who sign up for a new account and make a real money deposit.
Sometimes a welcome bonus is part of a welcome package, which means that the rewards are spread over your first few deposits. Other times, it is on your first deposit only. Offers differ from site to site.
In most cases the welcome bonus is in the form of a match bonus, ie. the online casino matches your deposit by a specific percentage and up to a certain amount. A welcome bonus can also include free spins on top online slot games.
Example of Welcome Bonus
- The online casino offers new players a 100% bonus up to $100 on your first deposit.
- You open an account and deposit $50 into the account.
- The online casino matches your deposit with another 100% in casino credits.
- You now have $100 to play with at the casino (your own $50 and the $50 in casino credits = $100).
What happens if you’ve redeemed the welcome bonus and want to continue playing at the online casino?
In order to entice you to make another deposit, the online casino offers you something called a reload bonus. In other words, you are reloading your account with funds, and receiving a match bonus for doing so.
A reload bonus can be a one-off offer, or it can be scheduled at specific points (eg. at the beginning of each week, once a month, etc.)
This is a great way for the online casino to say thank you to returning players.
Example of Reload Bonus
- The online casino offers you a 50% reload bonus every Wednesday.
- You make a $100 deposit into your account on Wednesday morning.
- The online casino matches your deposit with another $50 in casino funds.
- You now have $150 to play with at the online casino (your own $100 deposit and $50 worth of free casino credits).
Not everyone is lucky at an online casino all the time. There may be days when your gaming session doesn’t go the way you planned and you may wrack up some losses. Never fear! The best online casinos offer you cashback bonuses to make the sting of losing a little sweeter.
How does it work?
The online casino offers to give you a percentage of your losses back. The percentage amount differs from casino to casino, as does the frequency of the offer.
Since the funds have already been wagered, there is no reason why you shouldn’t take advantage of a cashback bonus – you have nothing to lose and everything to gain!
Example of Cashback Bonus
- The online casino promises you 20% cash back on your losses every weekend.
- You lose $100 of your bankroll while playing over the weekend.
- At the start of the week, the online casino credits your account with $20 (20% of the $100 lost).
Free Spins Bonuses
Not all casino bonuses are in the form of casino cash or credits. Sometimes an online casino will choose to reward its players with free spins on selected games.
Free spins could be offered as part of a welcome bonus package or as a stand-alone offer. The casino may want to encourage players to try out a new game and make free spins part of the appeal.
The number of free spins, the wagering requirements and the featured games, all differ from site to site.
Example of Free Spins Bonus
Payment Method Bonuses
Most online casinos offer you a number of ways to transfer funds into your account. You may find a variety of banking methods, from debit and credit cards to internet wallets.
Say an online casino wants to encourage you to use a specific banking method, for whatever reason. In that case, the site will offer you an extra bonus for using one method over another.
The most popular payment method bonuses are those relating to alternative banking methods such as Skrill or Neteller.
Example of Payment Method Bonus
- The online casino offers you a 100% match bonus on your first deposit.
- It also offers a further 50% bonus to any player who deposits using Skrill.
- You deposit $100 into your new account using Skrill.
- The casino rewards you with an extra $150 ($100 on your first deposit and $50 because you used Skrill – meaning that you have $250 to play with at the online casino.
Once an online casino has managed to entice you through its virtual doors, it will do much in its power to keep you on a loyal player. One way to do this is to offer you the opportunity to earn loyalty points each time you deposit and/or play at the site.
Most good online casinos have a loyalty program. The more you deposit and play, the more points you collect, which can eventually be turned into real money.
By increasing the number of loyalty points you earn, you eventually climb up the tiers of the casino’s loyalty club. The higher you climb, the more your points are worth and the more loyalty bonuses you can claim.
Example of Loyalty Bonus
- The online casino offers a 50% monthly bonus up to $1,000 to all players who manage to reach the second rung of its loyalty program.
- Once you reach this level, each month that you make a deposit, you will receive up to $500 (50% of $1,000) as a loyalty bonus.
Casino Bonus Codes
Casino bonus codes are given out to players to help them receive a bonus or free spins when playing at the site.
Not all online casinos require that you enter a bonus code to redeem an offer. Some will credit your account automatically if you meet the criteria.
Read the bonus’s wagering conditions carefully. Some casinos require that you enter the bonus code before making your deposit. You don’t want to miss out just because you didn’t read the fine print.
Bonus terms and conditions
We’ve touched on this before, but we cannot stress strongly enough the need for you to familiarize yourself with the terms and conditions relating to each bonus. Contrary to what you may think, there is no rule that says that you have to redeem a bonus. The decision is yours to make. If you read the conditions and feel that it doesn’t suit you and your gaming habits, you shouldn’t take the casino up on the offer.
So what things should you look out for when choosing an online casino bonus? What are the most important points in its terms?
Eligibility – Check who the offer is geared towards. For example, if you already have an account at the site, you won’t be able to redeem a New Player Bonus. If you’ve just started out at the casino, the chances are they you won’t be able to claim a Loyalty Bonus geared towards long-playing customers.
Check if there are restricted countries in the terms and conditions. You may live in a country where you are not permitted to claim the bonus.
Check the minimum and maximum betting limits. You won’t be eligible for the bonus if your bonus is too little or too large.
If you aren’t sure about your eligibility, ask the casino’s customer support team.
Time Constraints – Check issues relating to time very carefully.
Some things to look out for:
• When does the offer end?
• Is the offer limited to only one particular day, week, or month?
• How long do I have to redeem the bonus/use the free spins?
Wagering Requirements – One of the most important terms you will read relates to wagering requirements.
Every online casino bonus comes with a wagering requirement attached to it.
In a nutshell, this is the total number of times you need to play the bonus money before you can withdraw the cash. You will be asked to fulfil the wagering requirement before you can make a withdrawal.
This is also called the playthrough requirement, ie. how many times you have to play the bonus amount through before you can withdraw your winnings.
Some casinos also ask that you include your deposit into the wagering requirement as well.
Now and then, you’ll come across casino bonuses that are wager-free. In other words, there are no wagering requirements attached to the bonus. You can withdraw your winnings right away and although they may be on the smaller side compared to bonuses with wagering requirements, they are still hugely popular among player.
Another important thing to note is that not all games at the online casino contribute equally in percentage towards the wagering requirements. For example, slots count 100% towards the requirements, but table games such as blackjack contribute very little, if at all.
Example of Bonus Wagering Requirements
• The online casino is offering a sign-up bonus which you’d like to redeem.
• The casino is promising you a $60 bonus if you make a deposit of $20.
• The wagering requirement is 5 x.
• In other words, you will need to wager $300 in total before you can withdraw your winnings. ($60 bonus x 5 x wagering requirement = $300).
Casino Bonus FAQs
What does playthrough mean?
The total money amount that needs to be wagered before you can withdraw the money in your account.
Is it worth claiming on online casino bonus?
If played right, an online casino bonus has the potential to boost your bankroll quite significantly. The objective is to find casino bonuses with low wagering requirements so that you don’t spend a fortune before you see any of your rewards.
Do all casino games count the same towards the wagering requirements of a bonus?
No. Slots games or games of pure luck usually count 100%, while table games or those with lower house edges, count much less. Each online casino has its own percentage scales.
What happens if I don’t meet the casino’s wagering requirements?
This may result in your bonus being voided when you request to withdraw your winnings.
How often can I claim a loyalty bonus?
This depends on the online casino. Some can be claimed weekly or monthly, while others come randomly. The important thing is that you continue to feel like you are a part of the casino’s exclusive club and that you keep getting rewarded for playing at the site.
What is the difference between a Cashable and a Non-Cashable bonus?
When we speak about a Cashable Bonus, we mean that the winnings + bonus amount can be cashed out after you fulfill the bonus terms and conditions. A Non-Cashable Bonus is when only the winnings from the bonus can be cashed out. You cannot cash out the bonus amount.
How long does it take to withdraw my bonus winnings?
This depends on the policy of the online casino and the banking method you choose to withdraw with. Once you have fulfilled all of your bonus requirements, you can put in your request to withdraw your winnings. The online casino will process the request as quickly as possible.