What is a bonus at an online casino?
A bonus is a tool that online casinos use to attract new players and retain existing customers. It’s extra money provided by the casino, and the amount that’s offered depends on the type of bonus and player.
Online casinos use this as a means to keep themselves relevant, helping them have a reason to reach out to players. Now and then a casino will offer their players a bonus that is worth taking, here at Betivity we will be providing all the necessary information to help you find whatever you are looking for. If you have any questions or would like some help, please contact us! If not, then please enjoy this content and we hope you learn a lot from this!
First Deposit Bonuses are destined for new players starting their adventure on the online casino of their choice! Usually when you make your first deposit it is accompanied with a bonus from anywhere from 50% up to 200% of your initial deposit.
Online Casinos with Free Spins typically give you a certain amount of free spins on one of their online slots. This is a popular attraction among some players. The amount of free spins vary from 20-100 with the coin value typically around €.20 per spin. You will have to see the bonus terms on each website to see the details.
No deposits Bonuses are common with online casinos when they are looking to increase their player base. Players are rewarded with real money in their account, usually attached with a wagering requierement to avoid in fraudulent behaviour.
A Re-Deposit is basically any bonus you receive from your previous deposit. This can entail your first, second, third, fourth or even your hundredth deposit if need be. Online Casino should specify if it is an ongoing re-deposit bonus or state the actual terms and conditions when they offer this attractive premium.
Daily Deposit Bonuses are different offers that the online casinos provide during different days of the week. For example, one casino can provide a bonus only on Mondays, or another brand can offer a premium on Sundays. It's a good way of taking advantage of various brands depending on what day it is.
Cash Back bonuses primarily lend a hand to players who have lost an amount while playing at their selected casino. The bonus works in such a way that they give back a percentage of the losses in a determined period to the player, tagged with a wagering requirement of course.
Tournaments are a feature that online casinos offer their players to incentivize competition between themselves. Tournaments are usually set up daily, weekly or monthly and reward members with free money, prizes or free spins.
Raffles in online casinos are popular because they award random active players with different rewards. Raffles are done daily, weekly, monthly or even yearly.
What types of bonus can players receive at an online casino?
Players can encounter the following types of bonuses in an online casino:
➔ No deposit bonus: provided by the casino without requiring a deposit from the player. You usually see this offer after you register in a new casino to try out their games. It’s also commonly credited to loyal players that want to keep playing but can’t deposit at that moment. Example: 5 EUR no deposit bonus after registration!
➔ Welcome bonus: also known as first deposit bonus or sign up bonus. It’s a bonus granted after you make your first deposit in a casino, it can only be received once by the player. It’s usually a 100% match bonus, but depending on the casino it can range from 50% up to 500%.
Example: make your first deposit and receive a 150% bonus up to 200 EUR.
➔ Deposit bonus: also known as a reload bonus or match bonus. They are credited when the player makes a deposit. They can be credited daily or monthly, and some may require a minimum deposit amount to receive them.
Example: receive 30% on every deposit that you make on Fridays.
➔ Cash-back bonus: Credited after a player has experienced losses, it can be applied to one deposit only or it can be based on net losses.
Example: if you lose your last deposit request our 50% cash back bonus.
➔ Referral bonus: offered when an existing player refers the casino to a friend or more people and the casino gains new depositing players as a result. It’s not very common and they usually have many rules to follow before you can receive it.
Example: Refer a friend and get 10 EUR on their first deposit!
Bonuses have two categories as well:
➔ Cashable bonus: it’s the most common type in online casinos. You can cash out the bonus and any winnings you obtain with them. You just have to complete the wagering requirements of the bonus first.
➔ Sticky bonus: you can use it to wager and play but you can’t cash it out. You can only withdraw any winnings you get with it after completing the wagering requirements. After you make the withdrawal, the bonus is removed (although some casinos offer a type of sticky bonus that’s never removed, even after a payout). For example, if you receive a 100 EUR bonus and you win 20 EUR with it, your balance is now 120 EUR. You would only be able to withdraw the 20 EUR after meeting the wagering requirements of the bonus.
What benefits can players receive from a bonus?
Players can benefit a lot from bonuses. If you are a new player, you can test and master the games with the money provided to you before you make a deposit. It also allows existing players to wager more with extra money that they may not have at that moment and it gives them more chances to win and withdraw.
Is there any downside from receiving a bonus?
Bonuses can also have disadvantages. Not all players love them because they can be too restrictive, sometimes the wagering requirements are too high and not all games can be played with them. If you can’t play with your bonus, then you can’t withdraw and that will generate issues. This is why you should always read the terms and conditions of every bonus you are interested in, to make sure that you’ll be able to enjoy your game and use the bonus to your advantage.