Different Types of Casino Bonuses

Casino bonuses are one great way to boost players' bankrolls. They are special offers awarded once by gambling websites, normally free spins or match bonus funds equal to a player's deposit amount. If you’re just getting started, claiming a special bonus offer can give you a valuable head start and a chance to explore the platform with extra funds.

Welcome Bonus

Nearly all casinos reward newly registered players with generous welcome bonuses on the first deposit. You typically receive a 100% up to $500 bonus, and a few free spins as well. This will be a $100 bonus if you deposit $100. To claim the offer, you'll need to make a minimum qualifying deposit, which is typically $10 or more. This type of bonus enables fresh players to play the casino and games with more money. Perhaps you can win and get a welcome package — bonuses on your first 4 or 5 deposit in a row. Then the bonus money may be $2,000–$2,500 in this case.

No Deposit Bonus

This type of bonus is actually a boon for beginners as it doesn't require a deposit. No deposit bonuses are typically provided to new players as a sign-up gift when they register. For example, you might receive 30 free spins or a $10 free chip just for opening an account. These types of rewards might be activated with a promo code, by asking the customer support, or sometimes they're credited automatically after opening an account. Although rare, some casinos offer no deposit promos to regular players as well. What is so appealing about this bonus is that there is an opportunity to win real money without spending your own. 

Cashback

Cashback bonuses pay players for their losses at a casino. They can be paid out every day, weekly, or monthly. If your preferred casino is offering 10% cashback on losses per week, the website determines your net losses by deducting your wins from the amount wagered or deposited throughout the week. If your net loss is $100, you get back $10. Some casinos provide cashback with no wagering at all, while others have very low rollover requirements — say, about 3x. Typical cashback rates are between 5% and 25%.

Free Spins

Free spins are a slot gamer's fantasy. Offered as part of a sign-up bonus or as a standalone offer, free spins allow gamers to spin the reels without spending any of their money.

Reload Bonus

These sites reward committed players with reload bonuses that encourage them to play on. Similar to the welcome bonuses, reload bonuses also match deposits or in the form of free spins. The only difference is that reload bonuses are for subsequent deposits. Reload bonuses can be in the form of, for example, 150 free spins on weekend deposits or 50% to a maximum of $300 for Wednesday deposits.

VIP Bonuses

VIP aims for heavy rollers that play big money bets on the platform. You are required to be an active bettor in order to be considered. Multi-tired detailed VIP programs are most commonly run by casinos. The more bets placed, the bigger the loyalty points, and the higher you'll be rewarded VIP-wise. Most elite rollers earn bigger percentages on cashbacks, bigger match awards, and more special offers. For instance, certain casinos offer 20% cashback or unique no deposit bonuses for their VIP players.

Bonus Terms and Conditions

No matter what type of bonus you choose, all have some terms that must be met before you can withdraw your winnings. The most important ones are:

  • Wagering Terms – You must wager the bonus a specific number of times before you can trade it in for actual, withdrawable cash. Let's say you receive $50 in bonus cash and the wagering term is 25x. You would then be required to wager $1,250 (25 × $50).
  • Time Terms – You typically have between 5 and 30 days in which to meet the wagering terms.
  • Max Bet Limit – When playing with a current bonus, your maximum bet per round is usually $5.
  • Withdrawal Cap – Certain bonuses have winnings limited by a maximum withdrawal.
  • Game Contribution – Not all games count the same towards wagering. Most slots count 100%, while table games and other casino games count only 5%–20%.
  • Bonus Cap – When you see a 100% bonus of $200, placing $300 into the bank will still only gain you a $200 bonus — the limit is strict.

Final Thoughts

Bonuses can greatly increase your gaming fun, but use them wisely. Compare casino bonuses and their terms before taking one. Always review the bonus conditions to know what it takes to turn the bonus into cash. Opt for offers with reasonable terms alongside a substantial size. Most importantly, be responsible and avoid chasing losses. And, naturally — have fun!