Online Casino Bonuses To Boost Every Player’s Bankroll
If you are new to the world of online gambling and want to learn more about online casino bonuses, you will be pleasantly surprised to find myriad opportunities to boost your bankroll. Most casinos offer different types of bonuses to reward new as well as regular players. Each type of casino bonus is different and always accompanied by wagering requirements before players can cash out any winnings made with bonus credits.
What is a Casino Bonus?
A casino bonus is typically what a casino offers new and existing players as extra cash or credits. Online casino bonuses are usually denoted as a percentage up to a specific amount such as 100% up to $200. This means that the casino will match a player’s deposit 100%. If you deposit $200 you will receive an extra $200 bonus in your casino account. Some online casinos allow the entire bonus to be cashed out after wagering requirements are met while some casinos allow you to use the extra bonus only to play.
Wagering requirements/contribution of wagers
Wagering requirements or rollover or play-through requirements is the number of times players need to stake before they are able to withdraw winnings made from bonus money. If the wagering requirement is 30x and you make a deposit of $20 and receive a $20 bonus, you will need to place wagers worth $40 x 30 = $1200 before you are eligible to cash out any winnings from bonus funds. Online casinos have specific terms and conditions where players may have to forfeit their bonus and winnings if they play a game that is not included in the bonus or attempt to make an early withdrawal before meeting the wagering requirements.
Slots, Keno and Scratch Cards usually contribute 100% towards wagering requirements while table games like blackjack and roulette contribute anywhere from 5 to 50%. Video poker is usually limited to 10% while there may be restrictions on specific games. Make sure to read the casino bonus terms before you make any wagers.
Types of Casino Bonuses
This is one of the ways that online casinos attract new customers. A welcome bonus or sign up bonus can range from as little as $10 to a percentage based on the first deposit. Some of the bonuses are spread over the first few deposits. In most cases, a casino may offer any from a 50% to 200% match up to a specific amount based on a new player’s first and/or subsequent deposits. They could be in the form of a match bonus, no deposit bonus, or percentage bonus.
No deposit bonus
As the name suggests, this type of casino bonus doesn’t require any deposit and is usually limited to small amounts up to $10 or $20 for new players. The wagering requirements are typically higher but a no deposit bonus does offer the chance to win real money.
Regular players are often rewarded for their loyalty with a bonus that could be a match bonus or in the form of points that can be redeemed for cash. Most casinos feature a VIP program with lucrative bonuses and other perks based on the number of points a player makes with every wager.
Cash back bonus
A cash back bonus is designed to soften the blow for players who have lost while gambling. This type of bonus is based on the amount lost. If the online casino offers a 20% cash back bonus and you lose $200, you will receive $40 as a bonus as long as you have a negative balance in your casino account.
Invite friends to the casino and you could be offered anywhere up to $50 or more for every friend that signs up and makes a deposit.
Preferred payment method bonus
Some casinos reward players who choose specific banking methods. This is usually a percentage on the deposit and is usually offered on eWallets and credit cards.