Casino Bonus Types Explained
There are a lot of common types of bonuses that are present in every online casino and then there are those that online casinos create for a special event or period. As mentioned in the Beginners Guide, you should always read the terms and conditions layed out for the bonuses and when in doubt, ask the customer support.
There are basically five main types of bonuses that online casinos offer.
Sign Up Bonuses
These are usually the most generous bonuses that an online casino offers and is given to new players who initially join. These are the sorts of bonuses that you can really take advantage of, as mentioned in the Casino Bonus Whoring guide.
For example, Casino-On-Net offer a sign up bonus of 100% up to a maximum of $200. So if you were to deposit $200, you would obtain a bonus of $200.
High Roller Bonuses
High Roller Bonuses are sign up bonuses for players who want a larger bonus than usual pending a bigger deposit.
For example, Joyland Casino give you a $/€/£850 bonus when you sign up and deposit $/€/£3,000
No Deposit Bonuses
In order to claim these bonuses, the player is not required to deposit anything at all. The online casino provides betting money for free to the player. These promotions give new players the chance to try betting on an online casino without the risk of losing any of their own money. These should definitely be taken advantage of by everyone as there's nothing to lose.
For example, Cool Cat Casino give you $50 when you sign up using the code COOLCAT50. The money you make from this bonus is yours to keep as long as you meet the wage requirements (30 x Bonus, which is $1500)
Here is our list of the Best No Deposit Casino Bonuses.
Free Play No Deposit Bonuses
Free Play No Deposit Bonuses are similar to No Deposit Bonuses except the money that you win is put into a bonus account. You may only transfer from your bonus account into your Real Casino account if you meet a certain condition.
For example, Aspinalls Casino give you £250 to play with and in order to transfer your winnings into your Real Casino account, you must place a minimum of 100 bets and win above the original £250 up to £200. You will also need to have deposited £50 into your Real Casino account.
Reload, top up, weekly, or monthly bonuses
These are all forms of bonuses that are given to players who deposit additional money into their existing betting accounts with online casinos. These bonuses in most cases, if not all, are a lower percentage and are capped at a lower threshold than sign up bonuses. The monthly bonuses in particular can be quite generous and some can almost be as good as a sign up bonus.
For example, VIP Lounge Casino offers a great monthly bonus of %100 up to a maximum of $200. This is as good, if not better, than a lot of casino's sign up bonuses.
These aren't really a "bonus" per se. It's an insurance in which the online casino pays you back a percentage of how much you have lost.
For example, VIP Lounge Casino credit you back 25% of your loss when you make a deposit and play between 4pm and 6pm EST on a Friday.
After claiming a bonus a player must bet a minimum amount of money before they are allowed to withdraw from their account, otherwise known as a wagering requirement.
The wagering requirement is usually a multiple of the deposit and bonus (Sometimes only of the deposit or the bonus). The wage requirement may also differ depending on which game you play
For example, if you were to sign up to Club Player Casino, who offer a 400% bonus, the wage requirement when playing blackjack is 60 x Bonus but if you were to play slots, then the wage requirement is 30 x Bonus. You can see these requirements layed out in the review section for each casino. The review for Club Play Casino can be found here
If a casino offers a bonus you have never heard of, it is usually a derivation of what is described above. If you are unsure, just read the terms & conditions on the website, or you can Contact Us for help.
For example, VIP Lounge Casino offer a birthday bonus of a $100 chip that must be wagered 15 x.