A beginner's guide to Online Casino Bonuses
It is an indisputable fact that online casinos have gained considerable popularity since they first appeared online. In fact, they have gained immense popularity that they have become a threat to land-based casinos. In fact, several countries felt that there was a need to curtail the popularity of online casinos and they passed laws banning online gambling. Despite the legal issues surrounding gambling online, people were not deterred from going to online casinos. In truth, this is not really surprising. With the great promotions and huge online casino bonuses, it is difficult for players to resist playing in these virtual casinos.
A good thing about online casinos is that they give out more bonuses than their brick and mortar versions. While real casinos give out bonuses in the form of comps, such as free drinks, meals, or rooms, online casinos often give out credit bonuses. Getting these bonuses is equivalent to getting free money.
One of the most attractive features of online casinos are their bonuses. Bonuses are the promotions that are offered up to entice players to join a particular online casino. The best known bonuses are the Welcome Bonuses. Depending on which casino you choose, there is a real chance to cash in.
Welcome Bonuses are some of the biggest promotions offered by online casinos. Usually they are a deposit based percent match. This means that a casino will match your deposit up to a certain dollar amount. Sometimes a Welcome Bonus will apply to only the first deposit. Other times it will apply to a set number of deposits (such as the first ten), meaning that the casino will match your first number of deposits up to the maximum amount that the deposit is worth. So let’s say that an online casino has a Welcome Bonus or 100% on your first three deposits worth up to $5,000. What this means is that the casino will give you the same amount that you are depositing on your first three deposits as long as the total amount they give you in bonus money does not exceed $5,000.
Right now, at the time of this writing, one of the best and biggest online casino bonuses being offered is from 888 Casino. They are offering a 200% matching deposit bonus on all deposits you make for the first seven days, worth up to $50,000. 888 Casino has a payout percent of 97.43% and an overall casino rating of 9.33 out of 10. Millionaire Casino is offering a $5,000 100% matching bonus on your first three deposits. The breakdown for the three deposits is that Millionaire will match your deposits 100% up to $2,000 on your first deposit, $1,000 on your second deposit, and $2,000 on your third deposit. Millionaire Casino has a payout percentage of 98.59% and an overall rating of 9.56 out of 10.
But bonuses do not stop at Welcome Bonus. Online Casinos are also offering bonuses in the comp or VIP programs as well; these are loyalty promotions. The way that online casinos loyalty bonus programs work is that the more you play the more you are rewarded with. The loyalty promotions that are offered usually take the form of deposit bonuses on select days of the week, and in the form of weekly cashbacks on money lost while playing. The amounts of the deposit bonuses and cashbacks will increase as you work through and earn levels in an online casino’s loyalty program.
What bonuses are there?
There are actually many advantages to playing in online casinos and one of these many advantages are the huge online casino bonuses. Players are usually given bonuses the minute they sign up or make a deposit. Usually, the welcome bonus or the signup bonus is equal to a certain percentage of the player's deposit. Most online casinos offer welcome bonuses. This is great especially if you're new to online casinos because you can have an additional credit to your bankroll.
Aside from the welcome bonus, online casinos offer other kinds of bonuses. For instance, there are casinos that offer bonuses corresponding to the number of points you have accumulated while playing. There are also casinos that give bonuses for subsequent deposit and these bonuses are referred to as loyalty bonuses.
Aside from the already mentioned bonuses, you'd also come across bonuses like "Refer-a-Friend" bonus and Preferred Deposit Method bonus. In the former kind of bonus, you get compensated for referring someone to a particular casino. However, your friend should link back to you in order for you to get the credit. In the latter kind of bonus, you benefit from using the casino's preferred deposit method. For instance, a casino's preferred method of deposit is NETeller, so if you use this method, you naturally get a bonus.
The amount of online casinos bonuses varies from one casino to another, so your bonus would depend on your choice of casinos. Usually, established casinos with high-roller players usually offer huge bonuses.
The drawback to online casino bonuses is that you would have to meet the wagering requirements before you can use or withdraw your bonuses. There are online casinos that impose wagering requirements of twenty times your initial deposit before you can access your bonus. To get the bonus, you also need to play the games that count.
Despite the drawbacks, the fact remains that online casino bonuses are bigger than what land-based casinos offer. These bonuses alone are fairly good enough reason for you to play casino games online. With a good choice of casino, you could get a lot of money from them alone.
Most online casinos give out free credits to players who signs up with them. Often, this is a percentage of the player's first deposit. Some online casinos go up as 100% bonus. This means that if you deposit $100, the casino will give you $100 as bonus credit.
Most casinos have a dollar limit in these bonuses. This means that the casino would only give you up to a certain amount, even if you exceed that limit.
These are the most common type of bonuses online casinos give. These bonuses could be availed upon buying-in on a game or by just simply depositing. Oftentimes, these bonuses could only be withdrawn when a certain wagering requirement has been reached.
These are the non-cashable bonuses casinos give. They can be used for betting at the online games. However, they are not counted upon cashing out. These bonuses could usually be availed upon deposit or buy-in.
Cash back bonuses are free credits given to losing players. These come in the form of a percentage of the player's total losses. Most online casinos do this periodically (for example, each 3rd week of the month). Cash back bonuses could only be availed by players who did not have a single win during the period of giving out the cash back bonus.
As with real casinos, you could avail of free services and products by exchanging comp points. These products could often be redeemed via the casino's sponsors. Some casinos give out free credits in exchange for a number of comp points. These bonuses, however, are really rare.
Online casinos vary in their terms of how these bonuses could be availed and cashed out. It is best if you read the casino's term and conditions before signing up. This is in order to know what their bonuses and requirements for cashing out are. Once you have picked a good casino, enjoy playing your game and remember to hunt for those bonuses!Mr Green Casino Bonus $350
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