Different Bonus Types Explained
From a deposit bonus to a free spins or cashback bonus: There are many different types of bonuses you can get when playing at online casinos. But what is the difference between all these bonus types?
In this article, we take a look at all the different categories of casino bonuses. It’s vital that you understand exactly what a bonus entails before you claim it. Moreover, if you understand everything you need to know about bonuses you can use this knowledge to your advantage. You will be able to identify the most lucrative bonus deals and can avoid the online casinos with bonuses that aren’t that attractive.
Let’s take a look in the world of casino bonuses and claim the highest possible bonus!
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Casino bonus types
Online casinos give bonuses for a variety of reasons. The primary goal is to attract new players and retain existing ones. Casinos use bonuses to lure away players from other online casinos and to make sure they remain loyal. By offering attractive bonuses, online casinos can entice players to sign up, deposit money and keep gambling.
The welcome bonus is the most common bonus type handed out by online casinos. The welcome bonus is specifically designed for new players and are usually the biggest ones you can find.
Also players who already have an account at an online casino can look forward to bonuses. Most online casinos have regular promotions for their loyal players, which includes a variety of bonus deals. Although these bonuses are typically lower than a welcome bonus, they can still be highly attractive. The goal of these bonuses is to encourage players to continue playing at the casino and to reward them for their loyalty.
Non-deposit and deposit bonuses
There are two main bonus types: Non-deposit and deposit bonuses. Non-deposit bonuses, also known as no deposit bonuses, are rewards given to players without requiring them to first make a deposit. These bonuses are typically given to a player once they have completed the registration of an online account at a new online casino. However, they are sometimes also handed out to loyal casino players who have been playing for a while longer at certain online casinos. Non-deposit bonuses are a great way for players to try out a casino without having to bet their own money.
Deposit bonuses on the other hand are bonuses that are given to players when they make a deposit. If a player wants to receive a certain kind of bonus, whether these are free spins or a monetary sum, they need to make a deposit first. Because these bonuses are not complete freebies like non-deposit bonuses, deposit bonuses are generally much higher and therefore more lucrative.
Most of the bonuses handed out by online casino are deposit bonuses. Let’s have a look at the most common deposit bonus types at online casinos:
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Deposit bonus
The most common deposit bonus is one where you receive bonus money when you make a deposit from your bank account, credit card or e-wallet to your online casino account. These monetary deposit bonuses are are typically a percentage of the amount deposited. They can range from 50% to 200% or even more, although that is extremely rare.
For example, if a casino can offer a 100% deposit bonus up to C$500. This means that if a player deposits $500, the casino will give them an additional $500 to play with. You can of course deposit more, but the amount of bonus money you will be given for free will not surpass the $500 mark. Deposit bonuses are a popular way for casinos to incentivise players to make larger deposits and keep them playing for longer.
A reload bonus is the common term for deposit bonuses given to players who already have an account at a casino. This bonus is given to make sure players stay loyal to the casino and to make sure they actively keep playing.
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Free spins bonus
A free spins bonus is a type of bonus that online casinos offer to incentivise players to play video slots. Free spins bonuses are typically offered as part of a welcome bonus package, but they can also be given as a standalone bonus promotion.
Free spins bonuses can either be a deposit or non-deposit bonus. If it’s a non-deposit bonus, a player will be given the free spins without having to deposit or to wage some of his own money first. As a deposit bonus, a player will need to deposit a minimum amount of money before receiving some free spins. A free spins bonus is usually bigger as a deposit bonus than as a non-deposit bonus. Where you might only get 10 or so free spins as a non-deposit bonus, a casino can easily give you 100 or even 200 free spins if you deposit a certain amount of money to your online account.
The free spins that are given out are only valid at selected video slots chosen by the casino. The free spins will also have a certain value that is determined by the casino. For example, an online casino might give you 100 free spins on the popular slot Book of Dead if you deposit at least C$50, with each free spin being worth C$0.10.
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Cashback bonus
Another popular casino bonus is the cashback bonus. A casino cashback bonus is a type of bonus that is offered by some online casinos to players who have lost money while playing at the casino.
The bonus is designed to provide some relief to players who are hit with bad luck and have had a losing streak. It allows these players to get back a percentage of their net losses. Cashback bonuses are typically a percentage of a player’s net losses. They can range from 5% to 20% or more. For example, if a player loses $100 and the casino offers a 10% cashback bonus, the player would get $10 credited to his account as a bonus. Although there are casinos with unlimited cashback bonuses, this bonus is usually capped at a certain maximum. For example, a casino might have a 10% cashback bonus up to a limit of C$10,000 per month.
Cashback bonuses are a popular way for casinos to reward their players and keep them coming back. Unlike other types of bonuses, cashback bonuses are not dependent on the amount a player deposits but on the amount the player loses.
This might sound less attractive than receiving bonus money as part of a deposit bonus or a big amount of free spins, but a cashback bonus can actually be highly lucrative. Especially high rollers can truly maximise a cashback bonus and get big amounts back of the money they wagered and lost. As experienced casino players, high rollers know that you don’t always win but can often have long losing streaks as well. Minimising your losses can therefore be as important as maximising your profits!
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Bonus terms and conditions
Bonuses always have terms and conditions to protect the online casino from bonus abuse and to ensure that players use the bonus as intended. You should therefore always read the bonus terms and conditions so you know exactly what you need to do to claim the casino bonus of your choice.
The most common bonus terms and conditions that players encounter at online casinos include wagering requirements, game restrictions, time limits, and maximum bet limits. Wagering requirements are a crucial term to understand, as they determine how many times a player needs to wager their bonus amount before they can withdraw any winnings. For example, if a player receives a C$100 bonus with a 20x wagering requirement attached, they would need to wager $2,000 (20 x $100) before they can withdraw the bonus money or any possible winnings derived from it. Wagering requirements can vary widely. The international standard for wagering requirements is typically around 30x or 35x.
Game restrictions are another common bonus term and condition that players need to be aware of. Many bonuses are restricted to certain games or game categories. For example, a casino might offer a bonus that can only be used on slot games or table games. Sometimes, bets placed at certain table games with a low house advantage like blackjack or live casino games do not count for the wagering requirements of a bonus.
Time limits and maximum bet limits are also important bonus terms and conditions to consider, as they determine how long a bonus is valid and how much a player can bet per spin or hand.
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The casinos with the best bonus deals
At Highrollerscasino.com you can find Canada’s best online casinos with some of the highest bonus deals you’ll encounter on the internet. All online casinos listed on our website are fully licenced by government authorities such as the Alcohol and Gaming Commission of Ontario, UK Gambling Commission and Malta Gaming Authority. These are some of the most respected gambling authorities in the world. You can thus rest assured that these online casinos are not only safe and reliable, but also that each and every casino game you play will be completely honest.
Canadian gamblers can easily get a welcome bonus of C$1,500 or even higher at these casinos. Read our online casino reviews if you want to learn more about the best Canadian online casinos, their bonuses and promotions and available casino games.
Bonus types conclusion
Casino bonuses are a popular way for online casinos to attract new players and keep existing ones coming back. For casino players, a bonus is a great way to get some extra cash to play their favourite game and hopefully win an even bigger amount of money.
From welcome bonuses to free spins and cashback bonuses, there are many different bonus types available to players. However, it’s important for players to read the terms and conditions of a bonus carefully before claiming it.
While bonuses can be a great way to boost a player’s bankroll and increase their chances of winning, it’s important for players to understand how they can be used. Players should never go beyond their means in order to qualify for a bonus. When used smartly, bonuses can provide a fun and exciting way for players to enjoy their favourite casino games and potentially win big.
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