Online casinos use bonuses as marketing tools - they try to attract new players while retaining the existing ones. You will find numerous real money promotions, some of which are better than others. As such, players should always do their homework before redeeming a casino bonus.
Discussed below are popular promos that you'll come across when you register an account online. They are made available to beginners and seasoned players and go a long way toward helping you earn some extra cash.
This is the first award that online gamers are given upon registering a real money account. Typically, you're rewarded for your initial investment. A casino mirrors the amount you stake in with a certain percentage, which is often 100%. In this case, a deposit of $200 will award a player an extra $200, giving them $400 in total.
Some betting houses, however, take the offer up a notch and could award up to 500% deposit promotion. Such deals need to be looked at keenly as they come with strict conditions as well as restrictions. Additionally, the offer could be extended to your second, third and fourth deposits depending on the casino.
No Deposit Bonus
This particular casino bonus is designed to reward you without having to risk your bankroll. Most casinos use these to lure potential players to join their platform. However, existing players also receive a free bonus for their loyalty.
The promotions may come in various forms for different uses; they include free spins, free cash, and free play. Although they don't require you to spend anything, they still give you the chance to win real money. Note that you'll be required to meet certain conditions known as wagering requirements before you can be allowed to withdraw your earnings.
Match Deposit Bonuses
These are also known as deposit promos - they give gamblers extra cash to spend by matching their payment to a certain percentage. In case you're awarded a 100% match-up deal, and pay $100, you get an additional $100. The bonus's value largely depends on your activities on a game website - so, a frequent gambler is likely to get better deals.
If you're an avid gamer, you've probably come across this real money casino bonus. Unlike other types of promos, this one is specially made for slot enthusiasts, meaning you can't redeem it to play other kinds of games. Gamers are awarded up to 150 free spins to take part in various slot titles. They will mostly be made available when an operator needs to promote its popular slots, or even when they want you to test new releases. They'll also have playthrough requirements that must be fulfilled to convert your earnings into real money.
A reload promo is given to existing players to encourage them to continue depositing and playing at a gaming platform. They are usually smaller than match-up awards but are pretty much the same - they're expressed as a percentage and match your stake in amount to a certain fraction. For instance, a 50% reload deal will give you an additional $25 for depositing $50.