Types of Casino Bonuses
There are different types of casino bonuses that you can benefit from. Below are the most popular casino bonuses, and all you need to know about them.
No Deposit Casino Bonus
A no deposit bonus is a casino bonus that allows you to play at no cost (you don’t have to deposit anything) and actually win real money.
No deposit bonuses come in different types so that you can get one in the form of Free cash, Cashback, No deposit free spin, and Free spin free play. Of all four types of no deposit bonuses mentioned above, the most attractive is Free Cash.
The only thing that required of you in order to enjoy Jeetwin’s deposit bonus is to sign up for a casino account and simply claim the offer.
Some significant advantages of a no deposit bonus are security for new punters who want to test the waters without losing their money, and an opportunity to win real cash without taking out a dime from your pocket.
Remember to read the fine printed T&C before claiming a no deposit bonus. Since you don’t have to deposit anything most casinos have high wagering requirements attached to their no deposit bonuses.
Casino Welcome Bonus
Most welcome bonuses comes with minimum deposit and wagering requirements. In the above example from Betway the minimum deposit is USD200 and has a wagering requirement of 6 times. The bonus is also restricted to sports betting.
The different types of welcome bonuses are mostly deposit bonuses and are either cashable bonuses or non-cashable bonuses. Cashable bonuses allows you to claim your wins in real money. Non-cashable bonuses allows you to win but not to cash out your winnings.
A cashback bonus is a refund in real cash money or bonus money a player gets back if he or she has lost some or all money while betting. Naturally, this kind of casino bonus is a percentage of a punter’s net losses.
Cashback bonuses vary in different casinos, but they came from as low as 5% of a punter’s net loss to as high as 25%. Cashback bonuses are given as a reward to punters who have accumulated huge losses so that they do not feel like they have lost everything.
In the example above, 10Bet offers a cashback bonus that gives you 10% up to €100. If you bet and lose €100 you will get €10 back.
Normally, cashback can be claimed by all players, but some casinos require players to take part in their royalty or VIP programs to be eligible. A significant advantage of this casino bonus includes a chance to bet with the allotted bonus amount after a player must have wagered their funds.
Casino Reload Bonus
A casino reload bonus is a bonus offered to gamblers who have already made deposits in the past at a particular casino. This bonus is a way for the casinos to reward loyal customers for continuing to bet at their site.
A reload bonus is usually a percentage of the punter’s reload deposit, and casinos may decide to pick a day of the week when the bonus can be enjoyed. Bettors can also get this bonus when they make a new deposit on a day or period when their desired casino offers a reload bonus.
The purpose of a reload bonus is to retain existing customers by giving them extra value for their money when they make reload deposits. It is also meant to prevent them from searching different casino sites for welcome bonuses.
Friend Referral Casino Bonus
A friend referral casino bonus is a freebie that is given to already existing gamblers when they refer a friend to join the casino. A friend referral casino bonus ranges from between $10 to $50 and may trigger an increased welcome bonus for the referred friend.
To enjoy this casino bonus, gambler must obviously bring to a new gambler who, in this case, is referred to as a ‘Friend.’ An advantage of this casino bonus is that it is a win-win for both the already existing customer and the referred friend.
High Roller’s Bonus
Every casino has customers who are called high rollers, and these people are those who stake large sums per bet than an average gambler. As a way of keeping these large sum bettors returning, or as a way of welcoming new bettors who are potential high rollers, casinos offer them special bonuses called High Roller’s bonus.
High roller bonuses come in various forms. In the example above LeoVegas offers at USD80,000 welcome deposit bonus, split over 3 deposits.
To enjoy a High roller bonus, you must meet the requirement of a specified minimum deposit amount. You don’t have to be a VIP to enjoy a high roller bonus.
High roller bonuses come with a lot of perks that regular bettors do not enjoy. An advantage of high roller bonuses is that it allows bettors in this category to enjoy special advantages that the casino is willing to offer, and high rollers sometimes have a lower wagering requirement.
A Free spins bonus is an option to spin the reels on any casino slot that allows this feature.
There are four types of free spins:
- No deposit free spins
- No deposit no wager free spins
- Free Spins that require deposits but has wagering requirements
- Free spins that requires deposits but has no wagering requirements.
The best one is obviously no deposit no wager free spins. These ones are extremely rare but will give you X amount of free spins and you wouldn’t have to deposit anything to use them. You can also cash out your winnings in real cash. However, this type of bonus often comes with a maximum winning requirement. Usually the cap is €100.
For example, Melbet offer a welcome bonus of up to €1750 + 290 wager-free spins.
Free spin bonuses are triggered differently in various video slots. A free spin bonus can come as part of a welcome bonus or as a feature in a casino slot game.
Free spins also come with various benefits like multipliers and can mostly be retriggered to increase a punter’s chances of winning.
A Free bet is a cash bonus that will give you X amount of cash to bet on specific sports or matches. Free bets can be given as a welcome bonus or an on-going bonus.
The terms and conditions for free bets vary depending on the casino. Usually most casinos only allow you to use the free bets on matches with certain odds (example minimum odds of 1.8)
Some of the pros of free bet bonuses include staking higher bets without depositing more than you intend to by using your free bet bonus.
How Do Casino Bonuses Work?
Most of the casino bonuses available in 2020 work with what is typically referred to as a bonus percentage. A casino percentage is a number that is almost always in the range of 50-200%. This casino percentage refers to how much of your deposit amount will be given back to you as bonus cash.
Example of Bonus Percentage
An example of a bonus percentage calculation is a casino offering a bonus that says “200% up to USD10,000”.
- Example 1: If you deposit USD500 you will get USD1,000 extra to play with (200% x USD500)
- Example 2: If you deposit USD10,000 you will get USD20,000 extra to play with (200% x USD10,000)
Terms & Conditions – Make Sure to Read the Fine Print
While some casino bonuses are attractive, they come with terms and conditions that must be met before you can withdraw your winnings. These terms and conditions may include minimum deposit requirements, specific games for the bonus offer, wagering requirements, and whether promo codes are needed.
A minimum deposit requirement is a minimum amount that must be deposited for the bonus to apply. The bonus offer might only apply to selected online casino games or come with a wagering requirement. Sometimes the bonus can only be accessed through a promo code.
How Do Wagering Requirement Work?
A wagering requirement is the amount of money that you need to wager (play) before you can withdraw any winnings from the bonus money. These requirements are usually between the range of 20x and 50x (average is 35x) the value of bonus cash received.
Always opt for bonuses with wagering requirements lower than 35x, which is the average.
Another thing to bear in mind is contribution percentage. This tells you how much the bet you place in a specific game will count towards meeting up your bonus wagering requirement.
Looking at the example above, if you receive USD2,000 extra bonus money with 25x wagering requirement and play on slots you have to wager USD50,000 (USD2,000 x 25). However, if you play on live casino games you have to wager USD100,000 instead.
Always check the contribution percentage and play games with 100% contribution percentage in order to wager your money sooner.
What to Look for in a Casino Bonus
Finding the best casino bonus is not exactly an easy task. However, there are a few steps that we at cowork155.com believe will help you find the best bonuses with ease.
- Opt for no deposit bonuses – No deposit bonuses are just about the safest casino bonus you can find. With this kind of bonus, gamblers can win real money without staking a dime of their own.
- Search for wager-free bonuses – Wager free bonuses come with no wagering requirements. This means that gamblers who opt for wager-free bonuses will not feel under any pressure to meet a wagering requirement.
- Checkout wagering requirement & T&C’s – Never be in a rush to choose a bonus. Make sure that you check the terms and conditions, as well as the wagering requirement of each bonus.
- Choose a bonus based on what game you want to play – The bonuses available for the game you want to play is what you must choose from. Not all bonuses are available for every game.
How to Claim Casino Bonuses
To claim a casino bonus, there are certain steps to follow:
- Register with a casino, you can read casino reviews here
- Fill out the registration form
- Choose your bonus
- Read terms and conditions
- Make first deposit
- Meet the requirements and cash out your winnings
What are Casino Bonuses?
A casino bonus is an online casino’s way of offering players something extra to play with.. This bonus can take the shape of deposit matching in bonus cash or on-site currency, free spins, and others.
How Do I Wager a Casino Bonus?
To wager a casino bonus, a player must follow the set wagering requirement. You can read more about how it works in this article.
Do I Keep What I Win From a Free Casino Bonus?
In most cases, a player can keep his winnings from a free casino bonus.
Are Casino Bonuses Only for New Players?
No. While most bonuses are only available to new players, they are not always exclusively open to new players. Most casinos also offer on-going promotions for regular players.
Can I Use a Casino Bonus on My Mobile?
Yes you can use a casino bonus on your mobile.
How Long Does it Take to Receive My Bonus?
Almost immediately, depending on the casino.
How Often Can You Claim Caisno Bonuses?
Most bonuses can only be claimed once. Read the T&C’s to check if you can use your bonus more than once.