What kind of casino bonuses are there?

Online casinos know that even if they are on the right track, they’ll get run over if they simply sit there. In this highly competitive industry, even the best operators need to get creative to expand their customer base. Casino bonuses have been for years an effective instrument in attracting new players and they are routinely used by online operators. There are different types of casino bonuses up for grabs and they can all be found in one of the categories described below.

Welcome Bonuses

The most generous bonuses from top casino sites are usually offered to players who sign up for a real money account. Online casinos use them to attract prospective customers and to convince them to register a payment method. Just as the name suggests, these bonuses are offered just once to new members, so they are a one-time deal and players must make the most of them. Welcome bonuses can be divided into two main categories, based on whether they require a deposit or not.

Matched Deposit Bonuses

New casino players are encouraged to register a payment method and make a deposit immediately after joining. Those who do are eligible for matched deposit bonuses, which double, triple or increase the investment many times over. This is a straightforward type of bonus, since players receive bigger bonuses they make a larger financial commitment. Casinos usually set a maximum limit, but even so, the bonus provides an excellent opportunity to boost the bankroll.

No Deposit Bonuses

Some casinos are willing to offer money with no strings attached when playing new slots and casino games, in exchange for players choosing them over their counterparts. No deposit bonuses are smaller than those awarded to real money depositors, but are extremely popular among casual players. Some casinos allow players to use no deposit bonuses to play any of the games they offer, while others compel them to focus on selected titles. They are subject to wagering requirements and sometimes casinos limit the maximum amount that can be won.

Reload Bonuses

The equivalent of matched deposit bonuses for existing customers, reload bonuses, reward loyalty and perseverance. They work in a similar way to welcome bonuses represent a percentage of the amount deposited. In most cases, they pale in comparison to the financial incentives offered to new customers, but these amounts are not to be frowned upon. Some casinos offer reload bonuses to every deposit, while others will only match the deposits once a week or month.

Payment Method Bonuses

Online casinos encourage players to use certain payment methods and some are willing to provide incentives to those who do. Payment method bonuses are essentially reload bonuses that are awarded to those who use a specific financial instrument. Sometimes players are eligible for a 5% bonus, but every now and then, the percentage is bumped to 10% or even 15%. Players must read the terms and conditions to determine if the payment method bonuses are added on top of the standard reload bonus or replace it.

Refer a Friend Bonuses

Casino players who bring their friends into the fold can expect to be rewarded for spreading the news. Refer a Friend bonuses consist of small amounts awarded for every player recommended and normally these bonuses can be unlocked indefinitely. Existing players can use a link to invite their friends and they receive the bonus when their buddies sign up and make a deposit. In most cases, both players receive a financial incentive, but the Refer a Friend bonus is usually free from wagering requirements.

Loyalty and VIP Bonuses

VIP bonuses are offered exclusively to players who have climbed the loyalty ladder and have reached the top. These can differ based on how high they rank in the hierarchy and consist of both no deposit and match deposit bonuses. They differ from high roller bonuses, in the regard that they are reserved to the most loyal customers, whereas the latter are awarded solely based on the amount deposited. Highroller bonuses are essentially matched deposits, but the limits are higher for both investment and reward.