Introduction to Online Casino Bonus Offers

Online casino bonuses are a popular way for online casinos to attract new players and reward existing ones. These bonuses come in various forms: no deposit bonuses, welcome bonuses, free spins, reload bonuses, table games bonuses, and VIP programs. Whatever the bonus type, they offer players extra money or free spins to enhance their gaming experience.

Here is a guide to understanding and taking advantage of online casino bonuses. Before you start shopping for casino bonuses, you’ll need to know what the various options are. Our guide to online casino bonuses therefore starts with a survey of the material.

Understanding Online Casino Bonuses

We’ll start this list with the most exciting and hard-to-find bonus types. Then we’ll take a look at welcome bonuses because these are the first promotions you’ll encounter. Further down the list, you’ll find specific bonuses that help specific players.

No Deposit Bonus

These are bonuses that players can claim without having to make a deposit. They are often small in value but can be a great way to try out a new casino or game without risking your own money.

Signup Bonus

Another name for a no-deposit bonus. Instead of being tied to a deposit, it’s tied to signing up for a new account. It’s a bit of bonus cash with no risk and no obligation. These are rare at online casinos in 2023 and 2024. Often, the term signup bonus is used with a welcome bonus, though it’s an incorrect usage.

Welcome Bonuses

Also known as sign-up bonuses, these are bonuses that are offered to new players when they first join a casino. They can come in the form of a match bonus, where the casino matches a percentage of the player’s first deposit, or a fixed bonus, where the player receives a set amount of money or free spins.

1st Deposit Bonus

Usually synonymous with a welcome bonus. It’s bonus money tied to your first deposit. The bigger the deposit, the bigger your first deposit bonus will be.

Free Spins Bonus

Often one component of a welcome bonus package, this offers free spins on select online slots. Often used to preview new release slots from top providers. If it’s an older online slot, it might be one with a lower RTP as a sweetener for a welcome bonus offer.

Reload Bonus

If a welcome bonus is for new players, then reload bonuses are for ongoing players. Also called loyalty bonuses, these reward loyal players who’ve stuck with the casino for a long time.

These are overlooked because the match rate isn’t as high, but are more important than welcome bonuses. The reason: they are redeemable many times over.

Table Games Bonus

Most casino bonuses are slots bonuses, but not everyone likes to play online slots. This type of bonus lets players satisfy the wagering requirement while playing blackjack, roulette, baccarat, and other table games. Even though it’s called a table games bonus, these often include video poker games in terms of use.

Slots Bonus

While this might be a free spins bonus, it’s more often used to refer to bonus offers that require players to play online slots to satisfy the wagering requirements. Though these are called slots bonuses, it’s common to have other games with a high house edge — like online scratch cards and online keno — to satisfy the requirement, as well.

Crypto Bonus

A bonus is given for depositing with Bitcoin, Ethereum, Litecoin, Tether, or another cryptocurrency. Crypto bonuses tend to offer more cash than credit card bonuses because the site has fewer fees associated with transacting them.

VIP Programs

These are loyalty programs that reward players for their continued play at a casino. Players can earn points by wagering real money on games and then redeem these points for various rewards, such as cashback, free spins, or exclusive bonuses.

Casino Bonus Terms of Use

The terms and conditions are important when considering whether to accept an online casino bonus. Looking at the size of the bonus isn’t enough. You have to read the fine print to know whether it’s a lucrative offer or not. Sometimes, they are one-sided and not worth your time.

Wagering Requirement

When you accept a casino bonus, you can’t immediately withdraw the money. Instead, you have to wager the bonus a certain number of times before you’re cleared to withdraw the cash. This is called the wagering requirement, playthrough, or rollover.

If you accept a $100 bonus and it has a 20x wagering requirement, then you would need to wager the $100 twenty times. Basically, have $2000 in turnover and you can withdraw the bonus that’s left. This might sound like a lot, but if you play a game with a 96% return (certain slots), then you would expect to lose $80 over the course of that $2000 in action.

The average player would receive $100 and lose $80 during the playthrough period, so they walk away with $20. That’s the average player. Many will bust out, while others will walk away with a lot of cash winnings.

Match Rate

This is the percentage at which your deposit is matched. If it’s a 100% match rate, then every $1 you deposit is matched by $1 in bonus cash. A 200% match bonus would mean $2 in bonus cash for every $1 deposited. A 50% match bonus would mean $0.50 in bonus money for every $1 deposited. Obviously, the bigger the percentage, the better the casino bonus.

Max Cashout

This is a stipulation on how much you can cash out. If a bonus offer has a $200 max cashout, then the maximum amount you could collect would be $200. If you won $50, you’d keep $50. If you won $200, then you’d keep $200. But if you won $500, then you’d still cash out $200.

The best offer is a “No Max Cashout”, which means you keep every dime that you win.

Game Contribution Rate

Certain games might count more towards the playthrough requirement than other games. Typical, games like slots, scratch cards, and keno count 100% towards the requirement. Blackjack and roulette might count 20%, while video poker might count 5%. Some games, such as table games and live dealer games, might not count at all and thus be listed as 0%.

Minimum Deposit Requirement

This tells the minimum amount you must deposit in order to qualify. If the minimum deposit is $20, then any deposits under $20 don’t trigger the bonus. Keep in mind that a minimum deposit activates a bonus, but not the maximum bonus. If you have a 100% match bonus and deposit $20, then you’ll receive $20 in bonus cash.

Bonus Code Requirements

Some online casino bonus offers must be activated with a bonus code. Also called a promo code, these are unique terms (often in all caps) that must be inputted to the bonus code box when accepting the promotion. Keep in mind that some casinos require this code to be used before making a deposit, so know the terms before going to the cashier page and accepting a bonus offer.

Examples of Good Online Casino Bonuses

  • lv: This casino offers a large welcome package that allows players to opt into a total bonus of up to 200% matching on $5,000 or 300% matching on $7,500 if they use Bitcoin for their first deposit.
  • BetOnline: This casino offers a $750 crypto sports bonus, which is a 75% first deposit bonus up to $750, as well as a $3,000 welcome bonus, which is a 100% match bonus up to $1,000 on the first three deposits.
  • Royal Vegas: This casino offers a 1st deposit bonus of up to $400 and 50 bonus spins for new players.

How to Get a Good Bonus

  1. Research: Before signing up at an online casino, it’s a good idea to research the different bonuses that are available. Look for casinos that offer generous welcome bonuses, no deposit bonuses, and VIP programs with attractive rewards.
  2. Read the Terms and Conditions: Each bonus will have its own set of terms and conditions that players must meet in order to claim the bonus and any winnings associated with it. Make sure to read and understand these terms before accepting a bonus.
  3. Use Bonus Codes: Some bonuses may require players to enter a special code in order to claim them. These codes are often provided on the casino’s website or through affiliate sites. Make sure to enter the code correctly when making a deposit or signing up for an account.
  4. Play Games with a High Return to Player (RTP): When using a bonus to play games, it’s a good idea to choose games with a high RTP. This will give you a better chance of winning and meeting the bonus’s wagering requirements.

Conclusion

In conclusion, online casino bonuses can be a great way to enhance your gaming experience and potentially win some extra money. By understanding the different types of bonuses available, reading the terms and conditions, and choosing games with a high RTP, you can make the most of these offers and increase your chances of winning.