Since more players are switching to playing online, casino bonuses have undergone a significant shift. You can still benefit from discounted hotel rates, meal coupons, and other benefits at brick-and-mortar sites. Still, if you’re an online gambler trying to play from the comfort of your couch, you’re looking for additional bonuses from casinos. As you sort through them to determine which is best for you, you could get annoyed because these bonuses might vary by firm, and so many are available.
To point you out correctly, our staff at Action Network has collated the many categories of online casino bonuses and tips for optimizing them.
Types of Bonuses at Online Casinos
There are many other kinds of online casino bonuses; however, typically, these are the most prevalent:
- No deposit bonus
- Match bonus
- Reload bonus
- Cashback
- Loyalty bonus
Deposit-Free Bonus
It implies that you don’t have to make a registration deposit when you first register when an online casino is giving a no-deposit bonus. Essentially, this is how the online casino gives you “free money.”
There are three no-deposit bonuses: free cash, free spins, and free spins, plus free play.
- Free money. A free cash no deposit bonus gives you a predetermined sum (often between $10 and $25) to test out an online casino and see whether it’s a game you want to keep playing.
- Bonus spins. Online casinos offer Free Spins and no deposit bonuses to choose from a pre-selected selection of games and see if you can score a hit with the chance to win prizes. The more likely you will register with that online casino if you win a prize.
- Free Play and Free Money. With a Free Cash & Free Play no deposit bonus, you can spend your bonus money on games or free spins at some online casinos.
Which no-deposit bonuses do we, therefore, often see? Free money and free spins are the solutions. When it comes time to register for the first time, online casinos will typically give you anywhere between $10 and $25 and up to 200 Free Spins.
Match Bonus
While no deposit incentives can seem alluring, some online casinos also provide a registration bonus called a match bonus, which you should consider seriously.
Online casinos that provide match bonuses allow you to have your initial deposit matched when you sign up and add it to your account balance. Therefore, the online casino will deposit an additional $25 so that you can start playing with $50 if you deposit $25 when you sign up.
Casinos typically state the highest sum to match the initial deposit. For instance, as part of their welcome bonus, BetMGM Online Casino gives a 100% deposit match up to $1,000.
Deposit Bonus
Like a match bonus, a reload bonus is only offered to an online casino’s regular patrons. Reload bonuses also differ because the match % is typically smaller than the welcome bonus.
This means that if you already have an account with an online casino and make a deposit, the casino will only match up to 100% of your deposit. Depending on the online casino and the deposit bonus it is offering, the percentage fluctuates. Reload offers often fall between 20% and 50%.
Cashback
Cashback is a simple benefit that online casinos prefer to provide. In essence, cashback is a set amount of money you will receive returned to your account following gaming wins and losses.
This incentive is a means for the online casino to ensure that you will keep playing with them by enabling you to recover a portion of losses automatically. When deciding whether or not to accept a signup offer from an online casino, you should look at the cashback % that is included in the deal. Online casinos frequently give cashback in the region of 1–10%.
As an illustration, you lost $1,000 in a single week due to financial hardship. You would receive $100 (10%) as a bonus if the online casino you selected had a 10% cashback offer.
Continuity Bonus
In the form of gifts like free spins, free rolls, free play, etc., loyalty bonuses are exactly what they sound like: they are a means for an online casino to encourage frequent usage of their website or mobile application.
When awarding loyalty incentives, the frequency of your play and playing history with the online casino are often considered. The more you wager at an online casino, the better the incentives you’ll receive through the loyalty program. Research each one to see which one best matches your needs because the loyalty awards will vary depending on the online casino and the levels you must reach to qualify for the benefits.
The M Life Rewards program from BetMGM is one of the top rewards schemes. Rewards points can be exchanged for physical and virtual benefits, like accessible accommodations at MGM family resorts, reduced meal prices, a more extended point expiration period, exclusive tournaments, and up to 40% bonus slot play.
How to Maximize Your Online Casino Bonus: Tips & Techniques
You might be eager to register with several different online casinos and take advantage of their promotions after reading about all the other bonuses and the potential money you could win. Signing up for many accounts at various casinos to take advantage of the signup process is a bad idea. Choose one or two casinos that best meet your needs instead, and stick with them. You’re also more likely to eventually achieve VIP status with them if you keep the number of online casino websites and applications low. VIP status opens the door to additional valuable offers and bonuses.
Online casinos have several rules to stop players from abusing the system; always read the terms and conditions before signing up to ensure you’re signing up with an excellent casino. One of the guidelines you’ll notice is never to stay within the maximum stake while using any bonus funds.
Also, read the Terms & Conditions.
We have already stressed how crucial it is to read the terms and conditions of an online casino carefully, but we can’t emphasize it enough. Not all online casino rules are the same or comparable because they differ considerably from one to the next. The bonus offers, bonus offer terms and conditions, and wagering requirements—which refer to the number of bets you must place or the sum of money you must wager before you are permitted to withdraw any money you have won using bonuses—could all change.
Another bonus advice is also related to wagering requirements: if Lady Luck is on your side and you win big, you should surrender any bonuses you have received. If you’ve hit the jackpot, it makes more sense to cash out before fulfilling any wagering conditions. Although it may seem paradoxical, doing this can help you keep more money you’ve worked so hard to earn when it comes time to withdraw it. Though not all online casinos permit you to do it, verify with your casino to be sure it’s possible.
Utilize the no-deposit bonus while you can.
No matter whatever no deposit bonus you select, you should always remember to use them when they are available. You can play without committing in this way (a deposit). Make the most of the fact that you’re practically playing with free money!
Match Bonuses Are Also Useful
Even though we prefer no deposit bonuses at Casino Online Australia, match bonuses also have their purposes, especially if the offer goes beyond a 100% match. While it’s only sometimes the case, some online casinos want an advantage to attract new customers. You can come upon a match bonus of 150% or 200% when investigating.
Naturally, if a deal looks too good to be true, it most likely is. The more appealing the benefit may sound, the more likely the bonus’s accompanying condition won’t be worth it.