Casino bonuses come in different forms and sizes, including free spins, no deposit, and deposit match bonuses. Most online casinos offer bonuses to attract new players or to make loyal players feel appreciated. Casino games developers also integrate bonus rounds, free spins, and re-spins in video slots as part of gamification.
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A casino bonus often comes in the form of extra credit or bonus money. In most cases, there are some restrictions or conditions that you must meet before you’ll be allowed to withdraw the bonus money and winnings. However, there is a favorable difference between the effort you will be required to put in and the value you will get if you manage to convert the bonus credit into real money.
Like with anything else in life, there is no one-size-fits-all when it comes to casino bonuses. Therefore, it is essential to go through the terms and conditions before accepting any offer. Below, you’ll learn all of the information required to find the right casino bonus for you.
What Is a Casino Bonus Wagering Requirement?
Wagering requirements, also called the playthrough requirements, means the number of times you must stake the bonus money before you can withdraw any winnings derived from it. Typically, the wagering requirements are stipulated in the terms and conditions of the bonus.
Understanding Wagering Requirements - A Hypothetical Example:
A popular online casino used to reward new players with a 100% first deposit match bonus up to €200. Let’s say you accepted this bonus. Assuming you deposit €100 into your account, you would be eligible for a €100 bonus. In other words, the real money deposit is €100, but you can play casino games worth €200.
Let’s say this offer had 3x wagering requirements on deposit and bonus. To release any winnings from the bonus funds, you were required to wager (deposit + bonus) x3. What this means is that you would need to wager €600 to release the bonus funds and winnings.
Note that online casinos that offer hefty casino bonuses tend to have strict wagering requirements. If you accept a bonus with high wagering requirements, make sure to play low volatility slot games for the best chance of meeting them. NetEnt slots are a great choice, although you should be aware that it’s still difficult to meet wagering requirements in any case.
Other critical factors to consider when choosing a casino bonus include bonus validity period, game contribution towards the wagering requirements, bonus winnings conversion ratios, and more. Make sure to read the terms and conditions fully.
What Are Casino Bonus Codes?
Online casino bonus codes are random combinations of numbers, letters, or both that you can use to redeem a casino bonus offer. For example, you could find a casino offering a first deposit match bonus, but only when you use a given code. This is illustrated below:
Make your first deposit using the code Firstdep100 and get a 100% deposit match bonus up to €300.
Some online casinos require players to enter the code when depositing to activate the offer. If you fail to use the specified code when depositing, the deposit will be normally be credited to the account, but the bonus won’t be triggered.
Types of Online Casino Bonuses
There are different types of casino bonus offers, and every promotion has its unique conditions and benefits. Some of the most common online casino bonuses are:
No Deposit Bonus
A no deposit bonus is a type of online website offer that does not require you to deposit anything to activate it. You only need to open an account to enjoy this bonus. Most of these bonuses are around €5 - €10 or some free spins on slots.
Some online casinos offer no deposit free spins that you can use to play selected online slots. For example, you can receive 20 free spins on Starburst slot when you open an account. Most brands require you to create and verify an account to claim this type of bonus.
The second kind of bonus you can get at an online casino is the welcome bonus. It is also called a sign-up or new player offer. The average amount is €10-€500. You should go through the fine print if you find a casino offering a large sum.
In most cases, the welcome bonus comes in the form of a bonus match or a percentage. The exact bonus amount varies depending on the amount you deposit and is usually anywhere between 50%-500%. An offer of 100% is known as a match bonus, and that means you get an extra coin for every coin you deposit. If you get a casino offering a 50% bonus match, that means you get a coin for every two coins you deposit.
Some casinos also offer free spins, such as 100 free spins, split among the first few deposits you make at the casino. Both the no deposit bonus and welcome offer can come with specific wagering requirements, like 50x, before you can withdraw the winnings.
The welcome bonus is a one-time offer, only open to new players. On the other hand, reload bonuses are rotating promotions offered by online casinos to players who have loaded funds into their account at least once. A reload bonus is provided to keep players interested in playing at the casino again. It can be offered as a stand-alone offer or as part of the welcome bonus package. I.e., as the 2nd deposit bonus, third deposit bonus, or even the 4th deposit bonus.
Preferred Deposit Bonus
Another bonus you can take advantage of is the preferred deposit offer. This is credited to your account when you deposit using the given banking method.
Some gaming sites have their reasons for encouraging you to use a specific deposit method over the others. They provide 5% or even 10% bonus on deposits made through the specified payment method.
A loyalty bonus is for a casino player who has been with a casino for a specific time or who has reached various “levels” through depositing and playing. Most online casinos offer gamified loyalty programs based on points. Typically, the more you deposit and wager, the more loyalty points (VIP Points) you accumulate and the higher your VIP status will be.
Players enjoy progressively better bonuses, promotions, and prizes as they climb up the levels.
Some common benefits enjoyed by VIP casino players include VIP Points, free holidays/trips, fast withdrawal times, personal account managers, invitations to exclusive VIP events, and others.
High Roller Bonus
The James-bond standard deposit match bonus of up to €500 excites the imagination of high-rollers. Most online casinos offer exclusive rewards to their high stake players called high-roller bonuses.
These bonuses can exceed €1,000 and often come in the form of a percentage, such as a 50% bonus, which means a €3,000 deposit can give you €1500 in extra credit.
Refer a Friend Bonus
Referrals are a good source of high-value leads for any business. This holds true even for online casinos. Casinos encourage existing players to invite your friends to play on their platform by giving you refer a friend bonuses.
Usually, for every friend you refer to an online casino who then registers and makes their first deposit, you get a bonus.
Some online casinos provide promotions that offer you cashback. What this means is that if you deposit and play at the given casinos and you have qualified and claimed the cashback bonus, the casino will reimburse your loss up to the specified amount.
For example, you can get a 10% or 20% cashback offer for every coin you lose up to a given amount.
Live Casino Bonus
Many online casinos offer a welcome bonus for people who like to play via their live rooms. The live casino bonus is an excellent chance for new players to interact with other gamblers since the live casino experience offers live dealers and familiarise themselves with the live platform. Here you can read more about playing live casino.
Mobile Casino Bonus
Many people like to play when on the go, and online casinos encourage this by providing offers which are specific to mobile users. Some will offer you a mobile casino bonus for simply downloading their apps.
Most online casinos offer tournaments, especially bingo, poker, and fantasy sports. Besides the small winnings and the possibility of a life-changing grand prize, tournaments offer players a lot of fun and excitement as well as extra bonuses.
How to Find the Best Casino Bonuses
The above variations of online casino bonuses can make it hard for you to know which offer to choose and which one to ignore. The following section covers all the critical factors that you should remember when choosing a casino bonus.
It makes sense to go for the biggest bonus if you are a leisure player or a high roller who is thrilled by high risk. However, if you are a casual video slot player who wants to have fun and the opportunity to win both small and life-changing jackpots, the biggest bonus won’t necessarily work. Choose the offer with a reasonable bonus size and wagering requirements.
In case of a deposit match bonus, the trick is to deposit as much as your gambling budget allows.
For example, let us assume a certain casino is offering a 100% deposit match bonus up to €200. If you deposit €20, you will get €20 in bonus. If you deposit €200, you will get the maximum bonus of €200.
Always make sure to deposit at least the minimum qualifying amount to trigger the offer.
Although for advertising purposes casino offers are given by their cash equivalent, like €100, keep an eye on the percentage. Some websites can offer 100% bonus match while others might provide a 50% match.
It is possible to play for jackpots using the bonus money and even win like real money, but some bonuses come with terms and conditions that limit the amount you can win. You might win a €100,000 jackpot only to learn that you can only withdraw a maximum of €2,000 – that would be disappointing. This can be avoided by checking the maximum win amounts.
Casino Bonus - The Verdict
Remember that a casino bonus is a form of incentive to entice you to register and continue playing casino games. These bonuses come in different types like no deposit, welcome, VIP, cashback, free spins, and tournament bonuses. Do not get lost in chasing casino bonuses. Find a casino you like, and stick to it. Once in a while, try a new casino and claim the bonuses.