You might be wondering why online casino sites give away free money. Well, first of all, you should understand that there is a lot of competition that forces casinos to come up with new ways to attract new players. The bonus system is an effective way of getting people to enroll at a casino as everyone likes being given extra money. Therefore, the various bonuses offered at online casinos are beneficial to both gamblers and casinos. But how do they work? Below, we shall discuss the most popular bonuses including the welcome bonus, no-deposit bonus, payment method bonus, and higher roller bonus.
Welcome Bonus: All online casinos have some sort of welcome bonus, which can be in the form of a deposit match or free spins. New members are given freebies as soon as they make their first deposit at the casino. Most casinos provide a 100% match up bonus. So, if you deposit $20, you receive a free $20, which you can use to wager. Some welcome bonuses go up to 500%. Obviously, with an increased bankroll, you have a better chance of winning a jackpot. When looking for the best welcome bonus, consider the wagering requirements as well as the maximum withdrawal limits.
No deposit bonus: In some online casinos, you don’t need to deposit a dime to receive a welcome bonus. You might get some free spins or free money to try it out first. The special thing about this bonus is that it gives you a chance to play your favourite casino games without using your own money. It is a common incentive among newer casinos that are trying to lure more customers. However, there are a few restrictions associated with no-deposit bonuses. For instance, they come with higher wagering requirements to minimise the level of abuse. As such, you have to deposit your own money before you withdraw any winnings.
Other online casino bonuses: Some casinos want to encourage the use of a certain payment method like e-Wallets so they give an extra bonus, commonly known as Payment Method Bonus. Then there is a High-Roller Bonus that aims at encouraging players to deposit more money and play more. This bonus is exclusive to VIPs or higher rollers. Such players are also treated with other incentives like tickets to sporting events. The last, but no means least, is the Referral Bonus. You earn this when you recommend the casino to your friends, and you will receive it as soon as your friend registers. In some cases, both parties receive the bonus.