The online gaming world gives you many opportunities to earn bonuses. This is great from the perspective that you have many chances to collect free cash.
The problem, though, is that you might not understand how all of these deals work. That said, we’ll discuss different types of online bonuses and what each specific one offers.
A deposit bonus is based on a percentage of your deposit. Once you fund your account, you’ll be eligible to earn the bonus.
Here’s an example on how these deals work:
Satisfying T&Cs is a big part of earning deposit bonuses. You can’t withdraw any bonus money until meeting these terms.
Here are key terms that are found at many casinos:
Gaming sites have plenty of other T&Cs that you should look at before pursuing a deposit deal. However, these terms are definitely among the most important.
The first deposit that you make at most casinos qualifies for a welcome bonus. These offers usually include one or more deposit bonuses and possibly free spins.
Here’s an example:
Most welcome offers are generous, because casinos are trying to recruit new customers. You definitely want to take advantage of such deals whenever you deposit at a new casino. Here is a list with the best welcome deposit bonuses.
Unlike many online casinos, a no deposit bonus doesn’t require you to make a deposit. Instead, you just need to sign up to receive these offers.
The best thing about no deposit bonuses is that they give you a chance to try the casino for free, and also an opportunity to win something for free. The only “charge” is the time spent signing up.
However, no deposit bonuses can’t be withdrawn. They only offer the chance to cash out winnings. Other drawbacks include that these bonuses are small and featuring stringent wagering requirements.
Here’s an example:
You can technically withdraw the $10 afterward, but only if this amount meets the casino’s minimum cashout. Here is a list with some of the best no deposit bonuses
A free chip is basically the same thing as a no deposit bonus. The “chip” is just free funds that you use to play real-money casino games.
The main difference is that free chips are normally awarded to existing customers — not just new players. These deals come with the same high playthrough as no deposit bonuses. see free chip bonuses.
A reload offer is a deposit bonus that’s available to existing customers. The “reload” term is used to differentiate these deals from welcome bonuses.
Most reload bonuses aren’t as big as welcome offers. For example, they might only offer a 50% or 75% match worth up to between $50 and $100. But you should still consider these bonuses at your favorite casino(s).
As the name implies, these deals are aimed at high rollers. They’re characterized by offering larger amounts of cash than normal deposit bonuses.
For instance, a high roller bonus might feature a 125% match on your deposit worth up to $2,000. These offers can be available to either new or existing players. Check out the high roller bonuses here.
Many gaming sites feature loyalty programs. Deposit bonuses are one of the most-common deals offered to VIPs.
The bonuses usually increase in both match percentage and size as you improve your status. The lowest loyalty status, for example, might only receive 75% match bonuses worth up to $100. Meanwhile, the highest level could be eligible for 125% match bonuses up to $1,000.
Casinos give out free spins as both deposit and no deposit bonuses. These spins allow you to generate winnings that can later be cashed out.
Here’s an example:
One catch here is that you must have enough money to meet the casino’s minimum withdrawal. If not, you’ll need to keep playing or make a deposit to generate enough funds for a cashout.