Let us explain briefly the various types of bonuses that you will be offered at online casinos. There are many types but bear in mind that some casinos will use other names for them.
1. Welcome Bonus
The most common form of bonuses offered by casinos are known as a welcome bonus, new player bonus, 1st deposit bonus or sign up bonus. They normally come in the form of a 100% match up to a certain amount. For example, Dunder offers you a 100% welcome bonus up to €600. This means that if you deposit €600, you will receive €600 free giving you a total of €1,200 to play with.
In terms of levels of welcome bonuses, they range from 50% up to 500% in some cases but as stated, the most common % is 100%. Anything above 200% should be looked at carefully as there may be a lot of restrictions when it comes to withdrawing the bonus itself. In order to claim these bonuses, casinos sometimes specify you use a bonus code or coupon.
2. No Deposit Bonus
These bonuses are designed for players to receive a bonus at the particular casino without them having to deposit their own money. Newer casinos tend to use these promotions to get players to try their casino or a new game without any risk.
One thing to bear in mind is the restrictions in place with no deposit bonuses – many online casinos will include a very high wagering requirement or other restrictions in order to reduce the level of abuse they could receive. This means that players taking the no deposit bonus will need to deposit their own funds before they can withdraw the no deposit bonus and subsequent winnings.
Furthermore, wagering requirements and game restrictions will apply. As mentioned in the opening paragraphs, games like blackjack have a low house edge so may not be allowed to be played. Wagering requirements are normally very high for no deposit bonuses compared to other types of casino bonuses as this is completely free money the casino is giving away.
3. Monthly/Deposit Bonus
This can be referred to as reload bonuses, deposit bonuses or loyalty bonuses and basically you get a bonus on a monthly basis (for example) to keep you playing – Parklane Casino offer a 100% reload bonus up to $100 on the first day of every month for example.
Furthermore, most casinos will offer you a monthly bonus dependent on your previous month’s activity (probably via email). Normally monthly bonuses are not as high as welcomes bonuses but again, this is dependent on your activity.
4. Payment Method Bonus
Online casinos offer a wide range of banking methods for you to deposit and withdraw your funds. They might want to encourage their players to use a certain payment method (normally an e-wallet payment method, such as Neteller, Skrill or Verkkopankki) and offer an additional bonus as well as the welcome bonus for using the specified payment method. These types of bonuses are not very common though.
5. High Roller Casino Bonuses
Some online casinos want to attract players who deposit more and in turn play more. These players are known as high rollers, VIPs or whales and they are given bigger amount bonuses for their higher deposits. Apart from being offered other perks and incentives such as tickets to sporting events, a 100% welcome bonus up to $100 may not be appealing to a high roller.
6. Refer a Friend Casino Bonus
This kind of bonus is not very common nowadays but basically you will get a bonus when you refer a friend. iGame offers a ‘refer a friend’ bonus – by inviting your friends to iGame you can earn money because you’ll receive a $20 cash for each friend you refer.
We rank the casino bonuses based on the following 5 factors:
- What kind of welcome bonus does the casino offer?
- What are the bonuses for regular players?
- What for current bonuses does the casino offer?
- Does the casino regularly offer new promotional awards such as prizes, loyalty points, free spins and cash prizes?
- Are the casino bonus terms reasonable?
- Are bonus terms and rules fair and easy to understand?
- We give 85% ratings for casinos that offer first deposit bonus was at least 100% to at least 100 euros.