What Are Different Types Of Bonuses At Online Casinos?
Ever wonder what it is you’re really getting when you sign up for an online casino? It turns out there is a whole lot more than just free spins and the house edge! As the gambling world has exploded on the Internet, so too have casinos.
And with this expansion, bonuses of all types have become commonplace – from welcome bonuses to auto-play systems to refer-a-friend programs. Here we will discuss the different bonuses offered by game slot online casinos and how they can help generate a higher win percentage.
1. Deposit Bonus:
- This bonus is given to you when you deposit into your online casino account, and will apply to your first few deposits.
- You can sometimes get up to 100% bonus on these deposits, but most times they only give out 10%-30%.
- As long as a deposit bonus is given with at least 20% or higher, it’s worth making a deposit just for this bonus quantity.
The more that is given the better, however, as long as you continue to play through it the percentage doesn’t matter. A good idea is to make a small deposit using your bonus, and then continue to alternate between your real money balance and your bonus until you have cleared out the full amount of the bonus.
2. Cashback Bonus:
This is the most expensive bonus to give out to players and as such is often only offered by casinos with a long-standing reputation for fair and honest dealing. Cashback bonuses pay back a percentage of losses a player has incurred on their wagers over the course of an allotted time period.
For example, if you’re playing roulette and have sustained losses of $100 in one hour with your bet amounting to $5 per spin. You would need to wager $200 more at 5% cashback before your next withdrawal could be made.
3. Refer a friend Bonus:
Sometimes you may find that you know someone who knows someone who knows a casino operator or employee. This can be the best way to get your hands on a bonus. You simply have to ask, and then it’s up to the casino whether or not they will give it out! Some casinos have a tight no-referral policy, while others go so far as to blacklist players if they do get asked by other players.
4. No Deposit Bonus:
This is given when you make your first deposit into an online casino site and is often referred to as freebie. Even though these are often labeled free, there are usually strings attached – and these tend to be fairly long strings at that.
For example, many online casinos require you to make a deposit for at least 20x the bonus amount to be eligible for withdrawal. Even then, it is usually only available for players who have met certain requirements like having played on the casino site for at least 3 months.
Generally speaking, the better the bonus is, the harder you will have to work to redeem it. Don’t make the mistake of thinking that a freebie is pure profit – you will probably have to play through it several times over before you can cash out.