Casino bonuses are one of the major advantages of online casinos. Land-based casinos can’t compete and have to come up with different loyalty programs. Bonuses allow online casinos to attract and retain players. This is possible because an online casino is digital and does not have a physical architecture. The costs are very low and they can easily give a percentage of the casino winnings back to the players to keep them coming back for more.
Types of Casino Bonuses
Here is a list and characteristics of the main types of bonuses you will encounter at online casinos.
Welcome bonuses are the most well-known bonuses, at least they are inherent to all online casinos and they are usually promoted directly on the homepage of the sites. This is a sum of money that will be added to your play balance when you make your first deposit. There are usually 3 important things to know about a welcome bonus:
When, for example, it says that the welcome bonus is 100%, this means that 100% of the deposited amount is given.
A welcome bonus is almost always limited. For example, it is said to be 100% up to C$200. This means that a 100% bonus will be given as long as you do not exceed a deposit of C$200. Beyond that, the bonus simply does not apply.
The third important element is wagering. The wagering is an element indicated in the conditions of the bonus. It indicates how many times the bonus amount offered (in most cases) must be wagered before you can request a withdrawal. In most cases, there is a wager of 30-40 times. When you see a wager of 60 or more we encourage you to run away or refuse the bonus in question. However, don’t worry, a wager of 30 (for example), is quite easy to clear, but we advise you to choose a slot machine that often pays out small amounts…
Cashback bonuses are mathematically very interesting for players. The way they work is very simple and can be totally automatic at some casinos (and depending on your level in the VIP program). The cashback bonus consists of giving you back a percentage of your losses. For example, with a 25% weekly cashback bonus, every Monday (for example) you will have an amount automatically credited to your play balance equal to 25% of your losses. Of course, if you are in profit you will receive nothing. This percentage tends to increase depending on your VIP level and can even reach 30%.
Sometimes there are conditions to be met, like any bonus, but in other cases, it is really a free bonus. Just check with customer support and take advantage of it. A cashback bonus can obviously only exist in an online casino, and makes a clear difference compared to a land-based casino, and is for us a decisive criterion in the choice of a casino to play in the long run.
No Deposit Bonuses
As the name suggests, a no deposit bonus is a free bonus offered without making any deposit. It was invented to tempt a player to try out a real money casino but without having to put any money in their pocket. It seems interesting at first glance, but of course, to respect certain fairness, online casinos still require you to make the first deposit if you want to withdraw your winnings from a no deposit bonus.
Free Spins Bonuses
Free spins bonuses are exclusively for those who like to play slots and can be given to you at any time but are also often added to a welcome bonus. The principle is simple, they are free spins offered on a given slot machine.
The advantage is that quite often this bonus is offered with no wagering requirements, meaning that you will be free to withdraw the winnings if you win money with these free spins from an internet casino. They are also very often offered for those who are in a VIP program. It is also a great opportunity for casino software to showcase a new creation or their latest free slot machines.
This is usually a no deposit bonus that is offered to visitors of a site. For example, if you visit the online casino site directly, there is no no-deposit bonus available. But if you click on the “Visit” link on the casino review, you will be able to enjoy a C$10 no deposit bonus. This is an exclusive bonus. In other cases, you will simply need to insert a bonus code to enjoy an exclusive bonus.
The Importance of Understanding the Bonus Conditions
While we have seen together that bonuses can be beneficial and clearly create a difference with a land-based casino, not everything that is offered is really 100% free. Bonuses are part of a marketing operation and the best online casinos have understood this, it helps to build player loyalty.
But if you’re smart about it, you can easily meet the bonus requirements. As we explained with the welcome bonuses, the notion of wagering is intrinsically linked to almost all bonuses. This is where you need to be particularly careful.
In short, you need to understand that wagering requires you to wager a certain number of times the amount of the bonus offered. Although this can actually be quite fast, you really should avoid bonuses that have wagering above 45 if you want to enjoy them without the risk of being forced to overplay to withdraw money from your account.
Because this happens more often than you might think. Casino games have a high payout rate, which means that there is always a good chance of being in winning periods. If your goal is to cash out, you can only do so if you have wagered enough times the amount offered. The bonus conditions are always stated on online casino websites. Sometimes in the general terms and conditions, sometimes in the legal notice, but most of the time in the “Promotions” section. Keep in mind that it is always a good sign to have very quick access to the bonus conditions, right next to the bonus in question. This proves that the casino is not trying to offer crazy conditions, but instead is putting forward an offer that is just as beneficial to the player as it is to the casino.