A casino bonus is unique to internet gambling and is a way for casino operators to attract new players and retain existing ones. A casino bonus is typically advertized as free money to play at the casino, which is only half true. All bonuses come with wagering requirements or conditions that need to be fulfilled by the player in order to cash out any winnings off the bonus money. More often, the casino bonus is only a play bonus meaning you can place wagers with the amount but you cannot actually withdraw it. Another condition attached to a bonus is the rollover requirement. The player is usually asked to wager the deposit and the bonus money a certain number of times before cashing out the winnings. And, these conditions must be completed within a specific timeframe.
Various types of casino bonuses are being offered by internet casinos, but the most common one is the match bonus. Generally, a match bonus is offered to new members once they make a deposit with the casino. A match bonus may also be offered to existing members when they top up their accounts. As the term suggests, the bonus is a percentage match based on the player’s deposit, up to a certain amount. For example, if the casino offers 100% match bonus up to $200, and you deposit $100 in your casino account, the casino will add $100, allowing you to play with a total of $200. If you were to deposit $250, you’d get a bonus of $200 only since the limit is $200.
The no deposit bonus is another casino bonus meant to attract new players. But this bonus is now rarely on offer and even if it is, it is a very small one. You are not required to make a deposit to avail of this casino bonus offer. As soon as you download the casino software and register a real money account, you can claim the no deposit bonus. The wagering conditions for a no deposit bonus are much stricter than normal bonuses because effectively the money comes from the casino, and they would like to make the most out of it.
Few online casinos offer the ‘High Roller’ Bonus to players who are willing to deposit a large sum the first time itself. A high roller bonus usually is 40% to 50% match of the first deposit. What constitutes a large deposit depends on the casino. Before opting for such a casino bonus, players must read the terms very carefully to avoid being disappointed.
Almost all online casinos offer the ‘Refer-a-friend’ bonus. This is the easiest way for a casino to increase its customer base. The refer-a-friend bonus is given to existing players for referring a friend to the casino. The friend must open a real money account with the casino and deposit the minimum stipulated amount for you to become eligible for the bonus. Generally, this casino bonus is in the range of $50 to $100 per referral.
The loyalty program is another form of casino bonus that is quite common. To keep their customers happy, online casinos reward their loyal customers with loyalty points that can be converted into cash to play at the casino. Typically, players earn one loyalty point when they wager $10 and an accumulation of 100 points will fetch $1 worth of casino credits.
There are various casino bonuses on offer, but each of them come with wagering conditions. Before the player opts for the bonus offer, it is a good practice to read the terms very carefully to understand what is expected of him in order to earn the casino bonus. Remember, if the offer looks too good to be true, then it probably is and it would make sense to pass up the opportunity.
