The online casino industry is becoming popularly vibrant each day, thanks to the bonuses and promotions they offer to the players. These bonuses are not only an enticing offer for the players but also act as an indispensable tool for the casinos to stand out in the cut-throat market. They serve as an incentive to attract new players and retain the existing ones. The importance of online casino bonus goes beyond marketing strategies. Many players perceive them as a method to try out new games without losing much money from their accounts. Online casino bonuses tend to increase the loyalty of the payers, promote the brand, and ensure that players return to these brands regularly, thus creating a win-win situation for all.
This article is about all things related to online casino bonuses. Read it till the end to find out.
What is an Online Casino Bonus?
When you visit any online casino sites, you may see a list of casino bonuses on their landing page. So, what is an online casino bonus?
Bonuses are perks offered to players when they associate themselves with any online casino to improve their gaming experience. These bonuses can be in any form – cash, promotions, free turns, and free spins – depending on the nature of the game you play.
Many online casinos struggle to get you as a customer. They do it in several ways. One of these methods includes traditional marketing, where online casino businesses promote themselves by joining any casino syndicate. The other method includes developing and improving their casino software to maintain a better position in the market. The third one, and perhaps the most popular is offering casino bonuses.
When you sign up with a casino, you get something for free. It could be a regular bonus, free trips, or something else. All these perks are categorized as casino bonuses.
Why Do Online Casino Businesses Offer Casino Bonus?
You might wonder why these online casinos offer casino bonuses to their players.
If you want a user to sign up for a casino platform, you have to provide a tangible bonus so that the user finds this offer lucrative and quickly accepts it. If you do not do it, the user will sign up with the competitor. It is the main reason why casino businesses offer bonuses to their users.
As casino bonuses vary in terms of types and application, each one of them has a different objective, the most common one includes ensuring that the player doesn’t stop playing with the said casino. Furthermore, online casinos also offer casino bonuses to increase their clientele, visibility, and reputation in the industry. The more the players, the better the reputation.
What are the Benefits of Online Casino Bonus?
While casino bonuses work as a catalyst for online casinos to increase the number of users on their platform, there are benefits for the users as well. Here are the benefits of online casinos.
Expanded Budget
You can claim an online casino bonus and boost your cash to gain a quick and visible advantage over your game. With the help of the bonus, your deposit can grow bigger. It also allows you to play games with more cash. With this extra money, you can also have higher chances of winning the game.
Experiment with Different Casino Games
With the help of casino bonuses, you can play a variety of games without worrying about risking your own money. Many incentives entertain distinct conditions of use to attract gamers to try out numerous casino games. Using these bonuses, you can improve your general gaming ability and explore different types of games.
Reduction of Risk
With a casino bonus, you will always be at a reduced risk of losing your money. Bonuses from online casinos act as a layer of protection for all the players. You are betting with free cash when you use these incentives. Even if you lose, your real money doesn’t go away. The reduction of risk makes gambling easy for beginners as well as veterans.
Loyalty Benefits
Many online gambling platforms offer reward systems to thank the players for their continued support. These programs have levels with better prizes at higher levels. Customized offers, unique bonuses, quicker cash-outs, and even personalized account managers are the perks you can get for loyalty with the casino.
Extended Gameplay
One of the popular bonus types called bonus reload is extremely useful at times when you want to play longer with the said casino, but your bankroll runs out. As a regular player, you can receive this kind of bonus along with many others to give you extra money and extend your gameplay so that the fun doesn’t stop. Bonuses often act as a pathway enabling you to keep playing and having fun with games you love continuously.
Benefits Over Rivals
Because of the intense rivalry among online casinos, the owners continuously update their bonus programs. You can gain from this battle by having access to a large range of bonuses with terms and restrictions. As a smart player, you can assess a list of bonuses and pick the ones that correspond closely with your playing taste and style. It gives you an added advantage.
Types of Casino Bonuses
Throughout your journey with any reputed online casino, you will come across different kinds of bonuses that you can use to amp up your game and win amazing rewards. Here are the most popular types of casino bonuses.
Welcome Bonus
Almost all the casinos offer a welcome bonus to the players when they sign up. As the name suggests, a welcome bonus is offered to ensure you can enjoy the benefits of any casino platform as soon as you join it. A welcome bonus can be in any form, depending on what the site has to offer. Some common types of welcome bonuses include high discounts, free money, and free spins. It is vital to mention that to make the most of these offers, you have to initiate a deposit with the casino. For this reason, a welcome bonus is also touted as a deposit bonus.
No Deposit Bonus
A no-deposit bonus is a unique bonus offered by the casino as it allows you to play without risking your money. As the name suggests, a no-deposit bonus means you can play any game without depositing your money. However, this bonus doesn’t apply to all the games available at the casino. Games with a low edge for the house, such as blackjack, do not have a deposit bonus.
Reload Bonus
While many bonuses are only available for new players upon joining any casino website, a reload bonus is also offered to regular players timely. It could be in the form of a discount to bet on your favorite slots, table games, live dealer games, and more. When you don’t have any amount left in your bank to enjoy the casino services any further, you can make the most of this bonus. A reload bonus follows a percentage system. The percentage for the offer depends on the site. In many cases, it ranges between 10-50%.
Referral Bonus
You can make the most of the referral bonus once you have already signed up for the online casino. The mechanism of this casino is pretty straightforward. To get this, you would have to invite another person to join and wager on the games. You should have a steady income that the casino deposits to your account if the person you have invited keeps on wagering. The amount you receive as a bonus depends on how much the person will earn and is also characterized by the percentage of the referral bonus offered.
VIP/High Roller Bonus
As the name suggests, a VIP or high roller bonus is exclusively available to VIP customers at the casinos. Casino platforms love high-spending customers and offer them generous incentives so that they stay active. VIP customers can make the most of a personal care assistant to take care of their gambling needs. These perks are available in customized packages depending on your playing habits.
Free Casino Spins Bonus
Also known as the free spins bonus, free casino spins bonus is a variant of the free casino bonus. It is a no-deposit casino bonus. However, unlike the general bonus, it comes in the form of free trips to selected games. For instance, a typical free spins bonus includes 40 free spins on a popular slot machine, enough to make you think it is fun so that you keep trying it more and also extract huge rewards.
Cashback Bonus
A cashback bonus is a new addition to the types of casinos, and not many casino websites have it yet. As the name suggests, you can make the most of this bonus by getting a cashback. But we suggest you not get very excited learning about this bonus because the value of cashback is not even 50% of the total amount you have deposited with the casino.
Cashback bonuses rarely exceed 30%, and some give back even less. But as it is the money you already lost, it still acts as a win-win situation. In the end, getting even a fraction of your lost wagers is a good deal. Depending on the casino platform, a cashback bonus can be hourly, daily, weekly, or monthly. They also come with wagering requirements.
Sticky vs. Non-Sticky Bonuses
All the above-listed bonuses fall under two main categories – Sticky and Non-Sticky Bonuses.
Sticky bonuses are the ones that you cannot withdraw. They stick with the casino. You can use these bonuses throughout your gameplay with the casino platform and even gamble it in different ways. However, you can never cash out these bonuses. As they have a restricted nature, casinos are more generous in offering them. Many platforms offer 200-400% bonus on their deposits. Using a sticky bonus, you can familiarize yourself with the manner the casino operates and discover different types of games available.
On the other hand, non-sticky bonuses are the ones that you can withdraw. There is no such restriction with these bonuses, provided they do not come with wagering requirements. This factor makes them the most popular casino bonus among the players. The only drawback of non-sticky bonuses is that they are not as bountiful as their sticky counterparts.
How to Claim a Bonus on Online Casinos?
Claiming a bonus in any online casino platform is not rocket science. Almost all the casinos follow the same process to claim the bonus. Here are the steps involved.
- Sign up or register with the casino you want to play with. You can choose the casino that entertains an attractive welcome bonus and an extensive game library.
- Locate the bonus. Many online casinos have their bonuses listed under the Promotions tab. Choose the welcome/sign-up bonus.
- You will spot a bonus code written in front of that bonus. Copy this code.
- Read all the terms and conditions associated with the bonus. In general, any casino platform requires you to wager a specific amount before redeeming the bonus value.
- Go to the cashier section and make your deposit. Enter the copied bonus code in the tab.
- Now that the bonus is applied, you can play with your bonus. If your bonus is restricted to certain games, choose only those games.
- If you have opted for a non-sticky bonus, you can cash it out. Ensure to meet all the terms and conditions of the bonus before cashing out.
Likewise, claiming other bonuses is easy. All you need to do is pick your bonus code from the promotions section and apply it to your cashier section. You can also locate the bonus codes on casino review and promotions websites. Many casinos routinely send bonus codes through email and SMS while doing promotions.
What is a Wagering Requirement?
Upon signing up for an online casino or sports betting platform, you will receive an incentive as a new player in the form of a welcome bonus or other perks. These benefits may appear in many forms, from doubling your deposit amount to offering free trips to games, free spins, and others. While it appears as technically free money you receive for being a customer of the casino, each bonus entertains some conditions or requirements you need to fulfill. This requirement is termed a wagering requirement.
A wagering requirement refers to a condition set by an online casino platform specifying how much you need to bet to withdraw any winnings earned while using the bonus money. Online casinos represent it in the form of multipliers, along with a time frame in which you have to meet this requirement, or you will lose the bonus.
It is vital to mention that some casino games count towards the wagering requirement over others. For instance, slots generally count for 100% of the bet value. On the other side, table games and video poker have great odds of winning, though you might receive only 10-20% on them. We advise you to check eligible games to see whether they are worth playing while using your bonus money.
How to Calculate Wagering Requirements?
The wagering requirement at any casino can be calculated by applying a relatively simple formula. All you need to do is to plug in your numbers, and you can create a baseline.
BONUS AMOUNT X WAGERING REQUIREMENT = TOTAL BET.
For instance, you have deposited $50, and you receive a match-deposit bonus of $50. and your wagering requirement is 30x. The results will look like this.
$50 X 30 = $1500
Frequently Asked Questions
Do all casinos offer a welcome bonus to their players?
Almost all reputed casinos offer welcome bonuses to their players upon signing up.
Do I have to deposit to claim a bonus?
Except for a no-deposit bonus, you have to deposit to claim a bonus. The minimum deposit amount varies from one casino to another.
Can I create two accounts on a casino site to claim a welcome bonus twice?
You cannot create two accounts to claim a welcome bonus twice at a casino. Any reputed casino platform will terminate your account if you do so.
What is the most lucrative bonus on any casino platform?
Different kinds of casinos have different roles. For instance, a welcome bonus can turn out to be lucrative for a beginner, while a reload bonus offers a great playing opportunity to the existing players at any casino.
Can free spins be categorized as a bonus?
Yes, many casinos offer free spins as a bonus to their players.
What if I do not fulfill the wagering requirements?
It is vital to fulfill wagering requirements to claim a bonus. If not, the bonus will not apply to your game.
