Mela, online casinos will do anything they possibly can to get your business and giving out a casino bonus is one of the more common ways to attract you to open an account, play and retain your business.
There are different types of casino bonus and we’ll take some to go through them and how they generally work. In a later article we’ll discuss the do’s and don’ts of Welcome offers and provide you with some good tips on how to get the most out of your online casino freebees.
Mela, here goes.
1) The No Deposit Bonus
At this stage, you haven’t opened an account yet with the Online Casino and you see this kind of offer then there isn’t much to lose at all and should be snapped up. To receive the offer, you will need to open an account and submit all details. Expect to get a number of follow up emails and text messages enticing you to deposit after you have used your deposit bonus but this is standard practice. The likelihood of you converting this bonus to withdrawable money is low as the No Deposit Bouns will be of a low value (somewhere between £/€5 to £/€10) and the average casino Bonus Money cost to a casino is around 25% so in real money terms the expectation is that you will win a couple of quid/euros.
2) The Matched Bonus (The traditional Welcome Offer)
This is your typical Welcome Offer which almost all online casinos will offer you on your first deposit(s). The matched bonus is typically 100% or can be 200% and even up to 500% extra of the real deposit that you put into the online casino. Try not to be seduced by how high the percentage is on the Matched Bonus as Terms and Conditions will vastly differ from casino to casino and a 100% casino bonus with favourable terms can be better than a 500% casino bonus with less favourable terms and conditions.
3) The Reload Bonus
Similar to The Matched Bonus you are receiving a percentage on top of your deposit. In this case you are already a customer and probably haven’t played for a period of time long enough for the casino to try to seduce you to start playing with them again.
Cashback is usually offered to players at higher levels and/or VIP customers. A Cashback (apart from being a classic Alan partridge phrase) is when you get a fixed percentage of your net losses back to your account which might be withdrawable or with lower turnover requirements. Back of the net!
5) Loyalty Bonus
A loyalty bonus typically rewards you with something dependent on your game play. It usually is Free Spins but can be bonus money or even a gift of real monetary value.
Remember that bonus money given to you by an online casino is not immediately withdrawable back to your bank account/e-wallet. Rollover or Turnover requirements will be added to the bonus money to be able to ensure that you use the bonus money on the website and to give the casino a fair chance to win that bonus money back off you. It’s extremely important that you understand the Terms and Conditions of the bonus money that you receive in order to make sure you avoid disappointment when looking to withdraw it.
The final consideration worth noting is whether the Bonus awarded is a Sticky (Phantom) or a Non-Sticky Bonus.
Sticky (Phantom) bonus
This is a bonus given by the casino which is non-withdrawable. It is only used to boost your playing balance and give you more / longer time to play. If you do get to the withdrawal stage, this is removed before the withdrawal can be processed. Typically in the Terms and Conditions it would be stated that this bonus is for ‘Wagering’ only.
This type of bonus is withdrawable once the the bonus requirements are fulfilled and is usually found in the traditional casino Welcome offer.
Now that you’ve read all the types of casino bonus available, it’s time to get your bonus!