What is a Casino Bonus?
Casino bonuses are promotions given by online casinos to attract new customers or to retain the existing ones. These promos can come in the form of free money, free game, or spins, and even cryptocurrencies.
This is usually the first things any player will look for before signing up for an online casino. Any reputable casino knows that casino bonuses must be appealing and lucrative for them to continue attracting new players.
Casino bonuses are used widely in online casinos and usually tied to other conditions. For example, before you can withdraw your earnings from the online casinos, you will need to spend some real money first. This is to ensure that you are committed to their website. However, these conditions are not difficult to fulfill. Most players go bonus hunting to get as much bonus as they can from the different online casino websites.
Knowing this, how do you know which bonuses are worth getting? We are here to explain to you how casino bonuses work and how you can benefit from it.
How Does It Work?
Casino bonuses are here for two main reasons: to attract players and to reward them. Bonuses keep players happy and when players are happy, the chances are they would recommend that particular website to their friends.
How Can You Get a Casino Bonus?
By simply creating an account, you are eligible to getting free money. It’s that easy! Most casinos do impose some rules before you can receive bonuses though, like how some casinos only allow one household to partake in their bonuses. If you tried using VPN to avoid detection but was found out later on, your bonuses will be block as well as your account.
Types of Casino Bonuses
- Welcome Bonus
This is probably the first and most lucrative bonus you can get at an online casino. Most of these welcome bonuses will match a certain percentage of your deposit bonus. At the minimum, you can get double the amount of your first deposit. Keep in mind that the higher the bonus, the tighter the terms on withdrawing any winnings.
- Deposit Bonus
This is the extra money reward you get once you made your first deposit into your account. Deposit bonuses are usually accompanied by spin bonuses and other free stuff. The amount given is dependent on the amount you deposited, however there is a limit tied to this type of bonus. You should also know that you need to bet a certain amount of your own money before you can withdraw your bonus earnings.
- Free Spin Bonus
This type of bonus has increased in popularity over the recent years because the casino doesn’t give you a determined amount or percentage of money. Instead, the casino provides you free opportunity to play their most popular slot games without any strings attached.
If you make money from these free spins, you will need to spend a certain amount of your own money before you can withdraw it.
- Cashback Bonuses
This is a way for players to get some of their money back when they lose it while betting in any games offered by the casino. This bonus allows players to continue playing without the need to deposit additional funds.
This type of bonus is dependent on how much cash you’ve lost. While this can be less beneficial than other types of bonuses, it is a way for casinos to recognize their players even when they’re on a bad streak.
Why Do Casinos Give Bonuses?
A casino bonus is more like a marketing stunt, it encourages players to spend more money on their website. Sure, you can earn a good amount of money from the bonuses, but you can lose as well. You can always opt out once you see that you’re starting to lose your potential profits.
Final Thoughts
Casino bonuses are not as straightforward as you may think. There are different types, each with its own terms, and it can get challenging finding the best one that suits your needs. Before playing at a new online casino, check to see which bonuses are available. It is best to look for bonuses that give you a chance to play for free at a game you like.