Understanding the Different Types of Casino Bonuses

Understanding the Different Types of Casino Bonuses

If you’re in the habit of playing online casino games, then you’ve probably noticed that these gambling platforms have a tendency to offer different kinds of bonuses and promotions that you can only redeem on a one-time basis. Typically, each online casino tends to provide around two or three different bonuses at the very least, and it can get confusing trying to figure out how each one differs from the other.

If you’re a newbie punter or you’re simply trying to learn the different aspects and terminologies of gambling, then you’ve come to the right place. In this article, we’ll explain the different types of casino bonuses you might come across during your time playing online casino games. Read this guide to ensure that you make the most out of your bonuses.

No Deposit Bonuses

This type of bonus is definitely a fan favorite, especially for the newbies. No deposit casino bonus codes cashable is essentially an easy way for players to earn free money, which means you don’t need to stake even a cent to earn this kind of bonus. Here’s how this works: the casino will basically deposit your balance with only a minimum payout of a dollar.

Not only is this bonus free of charge, but players also won’t feel pressured to redeem it right away because it has no expiration date. If you’re being strategic with how you use this bonus, you could enjoy what this bonus has to offer for the next few years ahead.

That being said, there are some restrictions you have to keep in mind if you want to benefit from this particular bonus. For one thing, you need to know that you’re restricted from playing a game that’s more than $20. Other than that, you’re also not allowed to play slots that have a limit of $30 as well as multi-table games that are around $100.

Free Spins

One way that online casinos attract new players is through free spins. Since this type of bonus is given to you for free, this means that there’s no chance of you losing any money because you won’t be wagering anything. Usually, games that offer free spins only ask you to turn the reels as many times as you can. Free spins bonuses typically offer players the chance to win the jackpot or at least a percentage of it.

Slot Bonuses

There are also slot bonuses, which are ideal for beginners or those who are trying to get back into gambling. As you may or may not know, slot bonuses usually have animated symbols and images plastered on cards, which will surely engage players’ interest.

Reload Bonuses

This type of casino bonus is one of the oldest bonuses found in the book. There are countless online casino sites that have been offering reload bonuses to its players. So, what does this type of bonus actually entail? Well, once you open up a bankroll, the casino will do the honors of reloading it for you. Even if you aren’t able to win back your losses, this type of bonus can still be advantageous, especially for beginners.

Besides, you also have the option to convert your winnings into chips, which you can then cash out. You can even convert the amount you initially deposited when you first created the account.

Loyalty Bonuses

Loyalty bonuses are usually given to players who are using the site or have already used it in the past. These players will be able to enjoy all kinds of special offers and promotions that would be hard to say no to. Without a doubt, this type of bonus is meant to hook players even more and could also be viewed as an online casino’s way of being strategic with its business.

Deposit Bonuses

Deposit bonuses are perhaps the most basic of bonuses, and perhaps the most straightforward as well. For this, players will be able to receive a deposit bonus if they deposit cash into their accounts. This benefits you, as a player, because it saves you the trouble of having to wait for your money to be converted to cash.

You’ll be pleased to know that most often than not, you’ll find a variety of online casinos who willingly give away thousands of dollars to new players, even though they’ve only just deposited as little as $10 or $20.

That being said, the rewards you receive still completely depend on the online casino you’re playing at. For instance, some sites offer more if you also deposit more, while others only raise the bonuses for those with bigger deposits.

Welcome Bonuses

When joining an online casino for the first time, you can expect to receive a welcome bonus, especially since it is the most popular type of bonus. This is a perfect bonus for beginners, especially since it can help players get their bankroll started. What makes this particular bonus stand out from the rest, however, is that it gives you the chance to earn cash back on your first deposit.

From there, you can decide whether you want to make the most out of your earnings by making another deposit.

Cashback Bonuses

This is yet another common type of online casino bonus. With cashback bonuses, the online casino of your choice will offer you different kinds of bonuses on top of the welcome bonus you’re entitled to. Players love cashback bonuses because they can go a long way compared to other types of bonuses. With an interest of about 1%, you’ll receive the bonus in your account for a certain period of time.

Conclusion

We hope that this article has increased your knowledge about the different types of online casino bonuses. As you can see, there’s a wide variety of them available, and if you’re being strategic enough, you can make the most out of each one.

Other online casinos may have other types of bonuses available, but the ones mentioned above are the most common. You’ll definitely find two or three being offered at major online casinos, so familiarize yourself with each one and most importantly, enjoy!