In the very beginning, they were impossible, then they were rough, and now they are easily accessible by anybody. The first fruit machine didn’t have accompanying bonuses because… they were physical machines and worked at a pretty rudimentary level. Then, as the technology advanced and computers started to enjoy more and more processing power, the online gambling environment came up with tantalizing bonuses to attract more players. However, with the legal debacle surrounding iGaming in the early days, bonuses were tied to all kinds of unfavorable requirements, which made it a lot harder for players to benefit from them. Then, the world saw the first attempts at proper regularization, jurisdictions came into being and regulatory bodies were established. This, in turn, forced online casinos to offer fairer products and services. Today, there is fierce competition among operators, therefore plenty of offers to choose from.

Even though they have many names and uses, online casino bonuses generally fall under one of these big categories:

  • Welcome Bonuses
  • Deposit Bonuses
  • No-deposit Bonuses
  • Reload Bonuses
  • Free Spins
  • Free Bets
  • Cashback

Some are pretty self-explanatory, but we’ll have a quick rundown of each type of online bonus to shed more light on their inner workings.

Welcome Bonuses

This is the most comprehensive bonus any online casino offers. It can also be a package deal of gradually increasing boosts or a one-time affair. Welcome bonuses are usually match bonuses of various percentages that award players extra cash to play with up to a certain amount. Hence, a 100% Welcome Bonus up to $X will allow players to bet with double the money they’ve originally deposited. These are regarded as the most lucrative bonuses and are restricted to new players only.

Deposit Bonuses

They refer to any match bonus that requires a certain deposit to be made by the players and can be offered at any point, as opposed to Welcome Bonuses. Another thing that sets them apart is the lower percentages. While Welcome Bonuses could go as high as awarding a player with 500% of the original deposit, regular deposit bonuses offer considerably less.

No-deposit Bonuses

Either for incentivizing a user to create an account or simply for celebratory reasons, online casinos will reward their players (or new prospects) with no-deposit bonuses. As opposed to the ones that came before, players don’t need to make a deposit in order to benefit from this type of bonuses. At the same time, the value of these freebies is generally low – but free stuff is free stuff. Also, they usually come with no wagering requirements, but make sure to read through the Terms and Conditions of each bonus before claiming one.

Reload Bonuses

These have been designed to work just like any other match bonus, but only on predetermined week days. Players will need to make a deposit before receiving any extra funds to play with.

Free Spins

Apart from cash bonuses, there are other extras online casinos pamper their players with from time to time. They will usually be included in a bundle offer alongside a match deposit bonus, but casinos may just as well offer standalone spins to loyal players nonetheless.

Free Bets

It is not mandatory for an online casino to offer these, as some of them do not have a sportsbook. However, the ones that do offer sports betting also give out free bets. Just like their casino counterpart, free bets usually accompany match bonuses and refer to an extra amount of cash on the side that the player can place bets with.

Cashback

This is one of the oldest forms of rewarding online casino enthusiasts. As the name suggests, players receive back a portion of the cash they used to play with over a given period of time. The casino may offer wither cash, free spins, bonus funds, or loyalty points as cashback. It’s best to have a read through the terms & conditions before claiming any cashback offer, though. Generally, cashback acts as a retroactive form of rewarding players that have gone through an unlucky patch, but it’s not necessarily limited to that. Sometimes, online casinos will offer cashback on a one-time deposit of a certain amount.

Conclusion

At the end of the day, it’s all in the Terms and Conditions, no matter how cool the name of the bonus. To make sure you are eligible to withdraw any winnings acquired through the use of a bonus, make sure you familiarize yourself with the requirements tied to each bonus before claiming one.

Leave a Reply

Your email address will not be published. Required fields are marked *