Understanding Online Casino Bonuses
The world of online casinos is a very competitive, cut throat one. There are thousands of online casinos in the USA alone. Most of these casinos offer Online casino bonuses to attract new players and keep existing ones loyal so that they do not get poached by the competition. There are a number of different kinds of online casino bonuses.
This is a bonus that is offered to new players when they sign up with the casino. You will have to create an account to get at this bonus. With a welcome bonus the casino offers to match you initial few deposits up to a certain amount. For example they will match your fist deposit up to 100% and up to a certain dollar amount, and your second deposit up to 200% and to a certain dollar amount. These welcome bonuses come with strict terms and conditions however. Many casinos will restrict the games that you are allowed to use your welcome deposit on. These are very seldom the popular games. You will also have to wager the amount a certain amount of times before you are allowed to withdraw it.
No Deposit Bonus
This is one of the online casino bonuses which are also aimed at new players. This bonus is given to players before they deposit anything into their accounts. It is usually a small amount of cash or casino credits. This usually ranges between five dollars and fifty dollars, although bigger ones are available if you look for them. Like the welcome bonus, the no deposit bonus will come with a strict set of rules. If it is in casino credits it can only be used in that particular casino. A no deposit bonus will also come with a wager requirement, meaning that you will have to wager the amount a certain amount of times before you can withdraw it after online slots winnings.
Game Specific Bonuses
These are bonuses that are attached to certain games. For example if you play slots for a certain amount of hours or use a certain amount of money on them you can receive back things like casino credits or free spins.
Payment Method Bonuses
These are bonuses that are linked to the way you deposit or withdraw money from an online casino. Many online casinos will have partnered with a certain type of eWallet service. If you make use of this service when banking with the casino you can get certain benefits. These benefits can include cash back, or simply saving money when banking.
Refer A Friend Bonus
These are very popular with most online casinos. If you manage to get a friend to sign up with the casino and spend some money, you will receive a kick back. These are usually in the form of casino credits or free spins.
Why The Terms And Conditions?
In times gone by online casinos used to offer Online casino bonuses without all of the strict rules that you find today. Some clever people however worked out that they can go from casino to casino making money without spending any. Online casinos are businesses, and need to make money to survive. They had to quickly put a stop to players taking advantage of the bonuses by implementing strict rules. If they did not do this, they would quite quickly be run out of business.