Types of Casino Bonuses
Casino bonuses are offered at all online casinos in various forms. These bonuses are offered by the casinos in order to attract new players and to keep their current players playing. It is important for players to understand the types of bonuses as well as the terms and condition that are attached to each bonus. It is always advisable for players to use trusted and licensed casinos which are reputable and will always pay out their bonuses.
Welcome / Sign Up Bonus
The most popular and common type of casino bonus is a welcome or sign up bonus. These are offered to new players and generally offered in the form of a 100% match. Some casinos will offer a 100% welcome bonus up to the amount of $500, which means that if a player makes a deposit of $500 they will receive $500 as a welcome bonus and this then gives them a total of $1000 to play casino games with. Welcome bonuses will range from between 50% to 500%, but this will depend on the casino. Most casinos will offer a 100% welcome bonus to their new players though. Players should carefully consider any bonuses over $200 as there may be restrictions placed on the bonus when it comes time to withdrawing any winnings. Some online casinos will issue a bonus code or coupon to claim the bonuses.
No Deposit Bonus
The no deposit bonus is a bonus given to players at a casino, or with which to enjoy Aussie dollar bingo. Players are not required to make a deposit using their own money. Casinos make use of these bonuses in order to attract new players to try out their casinos or to try out new games without risking their own money. No deposit bonuses also come with restrictions and these often include wagering requirements and other conditions. Online casinos use these conditions to prevent players abusing this type of bonus.
Players will be required to make a real money deposit using their own money if they want to withdraw their winnings and the no deposit bonus. Some online casinos will also restrict these bonuses to certain games. Casino games such as blackjack which has a low house edge will not be offered in conjunction with the no deposit bonus. The wagering requirements are usually high when it comes to these bonuses as it is essentially free money that the casino is offering to players.
A reload bonus also called a deposit or loyalty bonus is offered to players to get them to keep playing. Sometimes it will come in the form of a monthly bonus, for example a player may receive a 100% loyalty bonus up to the amount of $100 at the start of each month. These bonuses are often dependent on gaming activity from the previous month. Loyalty bonuses are not as generous as welcome bonuses, but for players who are quite active they can go quite high and be worth taking.
Banking Options Bonus
The payment method bonus is used to encourage players to make use of certain deposit or withdrawal options, such as e-wallet for example. Players will receive a special bonus in addition to the other bonuses if they make use of a particular banking option. Not many online casinos still offer these, but if you can find them and budget accordingly, they add extra value.
Bonuses are used by online casinos to attract players and to get them to play more. Bonuses are great for the casinos and the players as free money is always a bonus!