There are literally thousands of online casinos operating somewhere throughout the world. As the industry continues to grow, the competition for customers has gotten fierce. The most important weapon each online casino has in its battle with other websites is the extent to which it is willing to offer bonuses to prospective and existing players.
Types of Bonuses
Generally, there are two primary types of bonus promotions put forth by your everyday online casino. The first is the welcome bonus package being offered to new players who are willing to sign up for a new player’s account. The second type is the residual bonus promotions developed specifically to keep existing players happy and motivated to keep coming back to play slots or a few games of blackjack.
Most welcome bonus packages require a prospective customer to do two things in order to earn the bonus package, sign up for a new account and make an initial deposit or series of deposits. In some cases, new customers might be given a very small amount of cash or free slot spins for just signing up. The “no deposit required” bonuses give a new customer the opportunity to check the website out before they make any kind of financial investment.
The rest of the bonus package is usually based on the new customer’s first deposit. For instance, XYZ Casino might be offering a 300% matching deposit bonus on the customer’s first deposit, up to a maximum total bonus of $300.00. It is possible for matching bonus offers to extend to the player’s first 2-5 deposits. Once the customer has made that deposit(s), the bonus amount is placed in a special bonus account for tracking. Tracking is necessary because all bonuses come with specific terms and conditions that must be met before any bonus monies and/or associated winnings can be converted into real cash that is eligible to be withdrawn.
The most significant condition is usually a bonus’ rollover requirement. The rollover or “play through” requirement is the number of times a player has to wager the amount of the bonus and or deposit amount before the winnings become real cash. For instance, the player deposits $100 and gets a bonus of $300 with a rollover requirement of 20x those two amounts. That’s $400 x 20 = $8,000. Th player has to place $8,000 in bets before the bonus and associated winnings become real.
Once a player has used up their welcome bonus package, they become existing players who are eligible for a variety of daily, weekly, monthly and intermittent bonus offers. Depending on what a particular online casino has in the offering, these types of bonuses might include matching cash bonuses for reloading the account, free spins on designated games, cash rebates, sweepstakes giveaways and tournament entries. Best of all, these types of bonuses a very easy to secure and use. Again, terms and conditions will apply.
It’s not always easy for you to turn a bonus into a meaningful reward, but free is free. Through careful investigation, it’s always possible to find reputable online casino sites that offer great bonus promotions with player friendly terms at the back end. When that happens, you can get a legitimate opportunity to grow your bankroll without any kind of risk.