Types of Casino Bonuses

This article will explain the various types of bonuses you will be offered at online casinos. There are many types but bear in mind that some casinos will use other names for them.

Welcome Bonuses

Every online casino will offer you a welcome bonus of some kind – they can be referred to as a new player bonus, a first deposit bonus, sign up bonus or opening bonus. Most welcome bonuses are a 100% bonus offer whereby you deposit a certain amount and that amount will be doubled by the casino in question. A classic example is Betsafe Casino who offer a 100% welcome bonus up to £200 – i.e. if you deposited £200, you would receive £200 free.

Some welcome bonuses can be as low as a 50% match right up to a 500% match! If you take 32Red Casino, they offer £32 free for every £10 you deposit up to £160 (for UK players only) – that’s a 320% welcome bonus! 32Red are an extremely reputable company but any casino offering anything above 100% should be looked at in detail. Normally, it will have a lot of restrictions – this will include high wagering requirements and maximum cashout amounts.

One thing you should look at closely is whether a bonus needs a bonus code (or promo code) – CasinoRoom offers an exclusive 100% welcome bonus up to £500 but you need to use bonus code CRBONUS to avail the offer. You will also get 80 free spins on Starburst (20 on signup and 60 after you deposit).

No Deposit Bonuses

Sometimes online casinos will offer a no deposit bonus to new players – this requires no deposit at all from a player so they don’t need to deposit any of their own funds. 32Red Casino used to offer a £32 no deposit bonus to UK players but has since removed the offer. One casino that does offer this is Mr Green Casino – they offer a £5 no deposit bonus to CasinoStatus.net readers. All you have to do is register an account and it’s available for you immediately.

With no deposit bonuses, online casinos tend to place high wagering requirements in order to protect themselves. If they offered a £5 no deposit bonus with 5 or 10 times wagering requirements, they would get a lot of bonus abusers and therefore take a huge hit. Another restriction no deposit bonuses impose is that players may need to deposit before they can withdraw. Just make sure you read the terms and conditions before you take up the no deposit bonus offer.

A good example of a no deposit bonus is offered by Sky Vegas Casino – they offer £10 free to all new players. All you need to do is register and you’ll receive it. In terms of restriction, there are a certain amount of games you can play including Rainbow Riches and Pharaoh’s Fortune. When it comes to wagering requirements, you only need to wager it once to cashout!

Monthly/Reload Bonuses

Some online casinos offer monthly or reload bonuses – they can also be referred to as loyalty bonuses too. If you look at LeoVegas Casino, they offer reload bonuses up to £200 every single month. Many other casinos will offer you similar bonuses but they tend to be via email and not publicly. Depending on how much you play, these monthly bonuses will vary in size. If you play a lot, expect to receive more frequent bonuses – perhaps weekly.

Payment Method Bonuses

These kinds of bonuses are not very common and no casinos at CasinoStatus.net offer this at present. Some casinos may add a new payment method to their offering and to encourage players to use it, they might offer an extra 10% to deposit using the new payment method. Don’t expect to see many of these bonuses though as they are quite rare.

High Roller Bonuses

Some players deposit bigger amounts and will want more than a 100% deposit bonus up to £100 for example. An online casino offering a high roller £100 free might just not do the trick.

Many casinos won’t publicly offer high roller bonuses but once a high roller deposits a big amount, the VIP team will contact them immediately and offer them bigger bonuses and more perks. I know some online casinos have offered their high rollers free holidays, tickets to sporting events and gifts such as expensive watches and electrical goods (free iPad) to keep them playing.

Refer a Friend Bonuses

Some casinos offer refer a friend bonuses. Virgin Casino gives you 1,000 V Points for every friend who wagers £100 on the casino for example. Refer a friend bonuses though are not all that common so don’t expect to see many being offered.

Summary

Casino bonuses are used by the casinos to get customers in – this is the basic reason why they offered. You, as a customer, benefits as you get extra money to play at the casinos with. As with all bonuses, you need to read the Terms & Conditions before you deposit or start playing – most queries that online casinos receive are regarding bonuses so make sure you do your homework before. All the casino reviews at CasinoStatus.net give you details on the bonuses offered including all the vital information. If you are still unsure, contact the casino’s customer service teams or check out their websites. If you can’t find any terms and conditions for a bonus, don’t take it up!