What Are the Best Types of Casino Bonuses?
Online casino Bonuses were created to encourage new and current players to choose one casino over another. While land-based casinos offered complimentary food and beverages and the occasional real-world reward, internet casinos had no such alternatives since players can join a virtual platform from anywhere in the world. And from that need to attract players, the Signup Bonus was born. In the beginning, the Signup Bonus was a very lucrative offer, with relatively insignificant terms.
As the online casino business grew, more players joined, which lead to more online casinos being opened. This gave a lot of players the idea to join online casinos strictly for the Signup Bonus, then jump ship as soon as the Bonus ran out or a win could be cashed out. Online casinos realized they could no longer provide signup Bonuses as they did in the beginning.
The Wagering Requirement
As mentioned, Signup Bonus terms were negligible until the past few years. Known as the wagering requirement, today players must play a specified amount in bets before withdrawing Bonus profits. The wagering requirement is sum calculated as a multiple of the deposit plus the Bonus amount. If a player deposits $10 and gets a $10 Signup Bonus with a wagering requirement of 5 times, they must spend $100 before cashing out.
The Signup Bonuses may seem quite enticing at first glance, with many sites advertising Bonuses of 200% or more of the first deposit, occasionally reaching up to thousands of dollars. However, when you look at the terms and conditions, things aren’t that black and white. You’ll find that many games aren’t eligible to play with a Bonus, that certain Bonuses need you to make two or three different deposits, and that wagering requirements may be as high as 75 times your deposit plus Bonus.
The No-Deposit, Match, And Sticky Bonuses
Online casinos often offer new players one of three possible Signup Bonuses: a No-Deposit Bonus, a Match Bonus, or a Sticky Bonus.
When you sign up for an online casino account, you may be eligible for something known as a “No-Deposit Bonus.” This Bonus is given to you by the casino at no further cost to you other than the time it took you to register. Not more than $10, $15, or $25 is a reasonable amount to expect.
The Match Bonus is the most typical kind of welcome Bonus since it matches your first deposit by a certain percentage and up to a certain limit. Almost all online casinos have welcome Bonus percentages ranging from 50% to 300%, with the average being 100%. It’s generally a good idea to shop around at sites such as Casino Bonus Club for a place that balances its wagering requirements with the amount of bonus on offer.
Sticky Bonuses are similar to Match Bonuses, but they come with the added restriction that the Bonus amount itself cannot be withdrawn, even if the wagering requirements are met.
The T&Cs of each online casino will tell you whether the Bonus is worth claiming. You may need to browse beyond the link to the T&Cs since Bonus terms are normally published individually under the ‘Promotions’ banner on the webpage.
The Loyalty Program
One way that online casinos show their appreciation for players who remain around for a while is via a loyalty scheme, often known as a loyalty program, or VIP club. Online gamblers who regularly wager or deposit a certain amount at one casino are often eligible for cash rewards and prizes as part of the Loyalty Scheme.
Most online casinos have some kind of loyalty program that gives you money back if you play a certain amount. Commonly known as cashback, the bettor earns a certain amount of points for each wager, which can then be converted into cash up to a certain limit on a predetermined date. The standard point system will usually award one point for every ten dollars bet. Hence, one thousand points may be worth ten dollars. Since these points are awarded for every wager rather than the size of the initial deposit, it’s easy to see how rapidly they may add up.
The loyalty program should be a deciding factor when deciding which casino to frequent. If you have a monthly budget of $5,000 or more to spend at an online casino it is highly recommended that besides investigating their customer support and games, you also look into the Loyalty Schemes available before making a final decision.
The High Roller Rewards
It is worth your time to look around for an online casino with a solid VIP rewards program if you fancy yourself a high roller and plan to deposit five-figure sums or more in a given month. It’s not a bad idea to chat with a casino representative beforehand and find out about any future perks they may provide. One reason someone can get special treatment is that they are known to be a loyal and returning customer so when you develop a strong rapport with an online casino, they are more likely to award you with VIP rewards and exclusive offers.
In Conclusion
In the end, most casinos have the same suite of tools available to them to keep you entertained and rewarded for your continued patronage. It’s up to you, the player, however, to do your research and make sure you find the online casino that best fits your budget and playstyle. Make sure to always check their available Bonus offers beforehand, their T&Cs, and their Loyalty Programs to make the most of your experience in the long run.
