Types of Bonuses in Online Casinos
By Reward Type
Cash Prizes
These are the most appealing bonuses to players because they don't involve wagering and are paid into your base account immediately. When you receive them, you can withdraw the funds or use them to bet. These uncomplicated rewards tend to be more appealing than more complex incentives like online casino welcome bonuses, which may have some.
Wagering Bonuses
This is the broadest type of bonus awarded to casino gamblers online. Wagering conditions generally mean that you need to bet for some total value before you can get access to the bonus. For example, if you have been awarded a bonus of €10 with 30x wagering conditions, you need to bet with a total value of €300. Once this is completed, the bonus will be deposited into your base account and made accessible for withdrawal or further play.
Always study the bonus conditions to maximize your reward. Bonuses often have limited applicability to certain games, and there might be strict deadlines to use them by.
Free Spins
These are a few of the most common bonuses and are applied widely to a great many online casinos. Free spins ("freespins") are free slots spins. You receive an amount of free spins, with each of them having a predetermined value by the casino.
Free spins may be awarded for registration, deposit, or for completing certain activities (such as sharing on social media, taking part in a tournament, or referring friends). Free spin wins are usually credited to your bonus account and are subject to a wagering requirement.
By Terms of Eligibility
Deposit Bonuses
As the name suggests, these bonuses are rewarded when you deposit your account. Placed in almost all online casinos, deposit bonuses are extremely handy as they give players additional money to play with.
The format may vary, but typically, the bonus amount is credited to your bonus balance. The size of the bonus typically varies according to the deposit size, although it may be constant at times.
Turnover BonusesTo claim this bonus, you have to bet some amount in total. The bonus is then a percentage of the turnover. The casinos will typically specify on which games you can receive this type of bonus — by themes, providers, or games.
Cashback
Cashback is a popular player bonus that pays you back with a percentage of what you have bet or lost. The cashback percentage depends on how active you are and how much you bet. Cashback is usually credited to your account, but wagering requirements may be added by some casinos.
Tournaments and Missions
Tournaments are not only a fun method of playing your favorite games but also give you a chance to compete with others to earn prizes and bonuses. Points are earned and the leaderboard climbed by betting and satisfying specified conditions.Missions resemble quests with particular objectives in videogames, and completing them reward you. As an example, you might have to collect some special symbols. Winners are then announced and awarded prizes at a tournament or mission conclusion.
Prize Draws
Some casinos have prize draws where you can win prizes by completing certain promotional terms and gathering tickets for the draw. If luck is with you, your ticket might be a winner! Prizes range from big cash prizes to little gifts.
Terms and conditions of prize draws may vary among online casinos.
Personalized Bonuses
These are not awarded on normal conditions. Instead, they are awarded on an ad-hoc basis, normally to reward frequent or active players, or to reward exceptional situations.
By Purpose
Welcome Bonus
A welcome bonus is for newcomers and will likely be your first reward. To claim it, simply create an account and either sign up using a promo code when depositing or sign up with a referral link.
Welcome bonuses vary by casino — they may include a percentage of your first deposit, a fixed bonus amount, free spins, or a combination of several offers. In some cases, players can even choose their preferred type of bonus.
Referral Bonus
This bonus is available to existing players. If someone registers using your unique referral link, you’ll receive a bonus as a reward.
Loyalty Program
Loyalty programs are provided to active registered players. Data differ from casino to casino, but as a rule, you receive points for game play, which can later be exchanged for bonuses or rewards.
Targeted Promotions
From time to time, casinos or game makers want to promote some products or titles. To do this, they launch targeted promotions with nice bonuses and terms — for playing some games.