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Types of Bonuses Online Casinos Offer

Types of Bonuses Online Casinos Offer
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When looking for an online casino to sign up to, consider the bonuses they give. UK casinos that have attractive bonuses will always have customers. That is why you find new casinos coming up with different bonuses to get more customers. They also have bonuses to make existing customers feel appreciated. Before you look for bonuses, you need to know the various types of casino bonuses available. 

Welcome Bonus

This bonus is well known as almost all online casinos offer it. It can also be called a new player bonus, sign-up bonus, or 1st deposit bonus. The bonus comes as a 100% match to the first deposit up to a certain amount. For instance, SlotsMillion Casino has a welcome bonus of 100% for up to £100. This means that if you deposit £100, you get an extra £100 that adds up to £200 to play with. 

There are different levels of welcome bonuses. Some give a welcome bonus of 50% to 500%, with the most common one being 100%. If you find a site offering more than 100%, you need to check if there are any restrictions for withdrawing the bonus. For you to claim the bonus, casinos might have a special coupon or bonus code that you can use once. 

No Deposit Bonus

There are UK Online Casinos that offer bonuses without the players having to make a deposit. Most casinos that have no deposit bonuses are new ones that want to establish themselves. Different types of no deposit bonuses include:

  • No deposit bonus cash is where you will get an amount of cash in your account after registering. The money cannot be withdrawn as it is part of the bonus funds that can only be used once you meet the wagering requirements. 
  • No deposit free spins are used to encourage new players to sign up. The free spins are usually for specific games. The winnings from the free spins might have maximum caps on the size of the bet. You might also need to fulfill some wagering requirements for you to use them. 

The no deposit bonus comes with many restrictions, like having a high wagering requirement to activate the bonus. This is to prevent players from misusing the bonus, as those who want the bonus will have to deposit their money before withdrawing the bonus and winnings. Games with a low house edge like blackjack are exempted from the list of games you can use your no deposit bonus on. 

There will be restrictions and high wagering requirements when it comes to the no deposit bonus. This is because the casino is giving out free money, and they want to cap potential losses due to the bonus. You need to check and see if there is a limit to the winnings you make using the free cash. 

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Deposit/Monthly Bonus

These are reloaded bonuses to encourage players to continue using the platform. The bonus is also known as a loyalty bonus. You get a monthly bonus to keep you playing in the online casino. This bonus is not usually publicized but is offered to playing customers who have made deposits. Most companies give the bonus based on your activity for the previous month. 

Payment Method Bonus

There are different payment methods that casinos use for deposits and withdrawals. The Payment Method Bonus is for those companies that want to encourage players to use a certain method. New players can get the welcome bonus together with this one if they use the recommended payment method. This bonus is not common as online casinos simply remove the payment method they do not want to use. Skrill and NETeller are usually excluded for those who want to claim their bonuses for most online casinos. 

High Roller Casino Bonus

Some casinos want to attract high rollers. These are players who make large deposits and play frequently. High rollers are also known as whales or VIPs. Their status makes them get bigger bonuses because they make huge deposits. They also get other incentives like tickets to sporting events. The High Roller Casino Bonus varies depending on your activity in the online casino. 

Cashback Bonus 

When playing in a casino, you will not always win. There are times you might lose. The cashback bonus is to help you recover your losses. Casinos know that getting losses can be discouraging and want to cushion you from some of the losses by giving you the bonus. The bonus is usually given out regularly. However, you should not depend on the casino to make up for your loss at all times. The bonus might need to be used to play, so you need to read the Terms & Conditions before you get it. 

Refer a Friend Casino Bonus

To get more customers, online casinos have a referral program. If you refer a friend and they sign up and play in the casino, you will get a bonus. 

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Free Spins

One of the things being seen in online casinos is that more are giving away free spins. They call them bonus spins, welcome spins, or extra spins. Most free spins are offered to new players together with wagering requirements. You mainly get to try special video slots.

Some casinos give new players no deposit free spins, while others offer a welcome bonus together with free spins. All the winnings that come from the free spins are yours. 

Summary 

Casino bonuses are great if you want to get extra deposits you can use when playing. It benefits both parties as you get more to play with while the casino can retain you and earn more money from you. However, before you start using a casino bonus, you need to read the Terms & Conditions to learn about any restrictions and additional conditions. You also need to look for the timeline as some bonuses have activation and use deadlines. 

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