There may be several reasons to register at an online casino but one of the main ways which casinos use to entice new customers and retain their existing ones is through casino bonuses and offers.
Casino bonuses come in various forms and are awarded for different reasons. They also often come with long terms which if not read thoroughly, could result in you losing money or missing out on value.
In this guide, we’ll be taking a look at the various types of casino bonuses and offers and showing you what to look out for to determine whether or not they have value.
When you sign up to an online casino, it’s likely that you’ll be offered some kind of welcome bonus. Welcome bonuses can come in various forms such as deposit bonuses, no deposit bonuses, free spins or cashback. However, the most common type of casino welcome bonus are deposit bonuses.
Deposit bonuses usually apply to your first deposit but some online casinos offer them on players’ 2nd, 3rd and 4th deposits also. The bonus amount offered also varies along with the percentage which is matched.
For example, an online casino may offer new customers a 100% bonus on their first deposit up to £100. This means that if you deposit £10, you will receive a £10 bonus. If you deposit £100, you will receive a £100 bonus and have £200 to play with.
Welcome bonuses generally range from anything from 50% up to 300% of your deposit with the maximum amount ranging from £20 to £1,000.
Welcome bonuses with a high deposit match and a high maximum bonus are appealing but it’s always essential that you check the terms of the offer. Large bonuses usually come with high wagering requirements which can make it hard to clear the bonus and withdraw a profit.
Free spin offers are a common promotion at online casinos and they can be offered to both new and existing customers. With slots being the most popular games at online casinos, it’s no surprise to see so many free spin offers available.
Free spins are sometimes awarded without any action required from the player but usually you are required to either make a deposit or to wager a certain amount in order to receive them.
Free spins also usually come with wagering requirements. These apply to anything that you win from using the free spins.
For example, if you won £10 from using 20 free spins and the wagering requirements were x35, you would need to wager £350 (35 x £10) in order for the bonus funds to be converted into cash funds which you could then withdraw.
Some free spin offers also come with max winnings or a max amount which can be converted into cash. This is another reason why it is important to read the terms of each offer before accepting them as you don’t want to land a win of £10k only for there to be max winnings of £500.
Some casinos offer no deposit bonuses which are usually awarded to new customers who register an account. No deposit bonuses are appealing as players do not need to make a deposit or risk any of their own money in order to receive the bonus.
As you would expect, no deposit bonuses are generally smaller than deposit bonuses and are usually in the range of £5 – £10. They also often come with higher wagering requirements which makes them more difficult to clear. However, as no deposit bonuses are risk-free, they are popular with players and give the chance of making a cash profit without any risk.
Casino Reload Bonuses
Reload bonuses are sometimes offered to existing customers and are generally a type of matched deposit bonus. Some casinos offer reload bonuses on a weekly or monthly basis and others award them whether to all or specific customers randomly.
A typical reload bonus would be something like ‘100% deposit bonus up to £50 with x40 wagering’.
Reload bonuses generally are not as big as welcome bonuses but can have value and the amount offered will sometimes depend on the bet history of the player.
Players who bet large amounts regularly at online casinos are classed as high-rollers. Casinos want to keep these players playing at their casino and so sometimes offer them exclusive bonuses and promotions known as ‘high-roller bonuses’ or ‘VIP bonuses’.
High-roller casino bonuses can be high amounts to fit in with the level of play that the player is used to.
Some casinos tailor their high-roller bonuses to the player and others have VIP Programs which awards certain bonuses when a level of gameplay is reached on a monthly basis.
Casinos want to attract as many players as possible and some award their customers for helping do just that. If you find a casino which you would happily recommend to others, it may be worth checking to see if they have a Refer A Friend scheme. When a refer a friend scheme is available, casinos will credit your account with a bonus of sorts if you refer new players.
You may be given a tracking link to send to friends which when clicked on will take your friends to the casino. If they then sign up and meet the wagering criteria, your account will be credited with a bonus. Another way to refer friends at some online casinos is to have your friend enter your referral code or username. The process for referring friends may differ between online casinos but the process should be clear on the casinos refer a friend page if they offer one.
Now that we know what the various types of casino bonuses and offers are, it’s important to note that the majority of them will come with wagering requirements attached.
Wagering requirements are applied to bonuses to stop players simply withdrawing the bonus immediately after receiving it.
Wagering requirements usually range from x1 up to x99 and should be displayed in the offer terms prominently.
Let’s say that you were offered a £100 casino bonus with x40 wagering. This means that you need to wager the bonus amount (£100) 40 times before you can withdraw the bonus and any winnings generated from using it. In this example, the amount you would have to wager would be £4,000.
Along with wagering requirements, another thing to look out for when accepting an online casino bonus is whether the bonus is a sticky bonus or a non-sticky bonus.
Sticky bonuses and non-sticky bonuses are the two most common types of bonuses and work in very different ways.
When you make a deposit in order to receive a casino bonus, if the bonus is a sticky bonus, your initial deposit and the bonus funds are combined into one bonus. This means that you are unable to withdraw your deposit or the bonus until you have met the wagering requirements.
With non-sticky bonuses, your cash deposit and the bonus are kept separate and when you start to wager, your cash will be used first. Non-sticky bonuses are usually preferred by players as should you land a big win whilst playing with your cash funds, you’re able to withdraw your cash along with the winnings. When doing so, you will forfeit the bonus but will have made a profit. Only if you lose your cash deposit will wagers start to be taken from the bonus funds which would then mean that you would have to meet the wagering requirements in order to withdraw the bonus and any winnings generated from playing with it.