As far as online casinos are concerned, bonuses and promotions are an essential investment that keeps their businesses going. True to word, bonuses and promotions help casinos to attract and retain players at their sites. Being that as it may, it is crucial for you as a player to know the various types of casino bonuses available. You will then be able to get the best value for your funds by getting to accept only reasonable offers.

Here are the common types of online casino bonuses you need to be familiar with;

Welcome bonuses

These are also known as sign-up bonuses and are often given to anyone who signs-up for the first time in a casino. Most casinos have a generous offer on the welcome bonuses because they are tailored to get you to sign up.

No Deposit Bonuses

This bonus is used by casinos to allow players to try out their games for free. You don’t have to make a deposit upfront. The beauty with this bonus is that you get to play with real money and win. You might want to check the conditions on this one, because it may come with a lot of terms attached that must be met before you can withdraw your winnings.

Matching deposit bonuses

Here you get a bonus that corresponds to the number of funds that you deposit with an online casino. The matchups are either offered in percentages or dollar for dollar.

Percentage deposits

This is of course not as attractive as a no deposit bonus, but it is worthwhile nonetheless. The casino gets to pay you a certain percentage of the money you deposit with them. For instance, if you deposit $ 100, the casino may give you 50 % of that money, which means you will have $ 150 in your bankroll.

Percentage bonuses range from 50 % to 500 %. The most common is 100 %. Usually, anything above 200 % should be checked out carefully, as more often than not, it may have a lot of restrictions and conditions before you can withdraw the bonus itself.

High Roller Casino Bonus

This bonus is given to players that deposit more funds and place huge bets. Such players are known as whales, high rollers or VIPs, and are given huge bonuses with their high deposits. These bonuses may come as perks, tickets to events or even free passes to tournaments.

Referral Bonuses

A referral bonus is given as a reward for telling a friend to join and play at the casino. The bonuses may come as percentages or point clusters for a given value of funds deposited.

Payment method bonus

Bitcoin casinos have a variety of payment methods that you can use to withdraw and deposit funds. To encourage players to use specific techniques, online casinos give bonuses for using the said method. You will usually find that the e-wallet methods have Payment method bonuses because most casinos prefer players using this banking method. Transaction methods like credit cards and banks cost casinos a lot of money in transaction fees, prompting them to offer bonuses to encourage the use of e-wallets.

Monthly deposit bonus

This is also known as a reload bonus or loyalty bonus. Here, you get a bonus every month on condition that you deposit in that month. Some casinos also give you monthly bonuses depending on your playing activities in the previous month. In this case, you may be notified via email or notifications on your account.

Cash-back bonuses

A cash back bonus gives you some of your gambling funds back. The funds are usually given back to players that have had significant losses in their playing sessions. If for instance you are on a 20 % cash-back bonus and you happen to lose $ 1000, you will get $ 200 back, but only if you don’t have a positive balance. This is an excellent opportunity to play more.

Free-trial bonuses

These are bonuses given by a casino for players to try out new software and games. For obvious reasons of losing, very few players would accept an invitation to try a new game or software with their funds. The casino, therefore, takes the initiative to give players some funds to play with. The funds are usually for use in the casino only and cannot be cashed out; neither can you withdraw the winnings from a free-trial bonus.

Free-trial bonuses are also offered for players to try out the casino before they can decide whether they want to play at that casino.

In conclusion

It is important to remember that some terms and conditions are attached to these bonuses. It is essential for you to look at these regulations and requirements before you take up the offer as some of them will determine just how you can withdraw your winnings and even how much of the winnings you can withdraw.