Types of Casino Bonuses

poker chipsA majority of the popular online casinos offer a variety of bonuses and promotions. Such are designed to entice players into signing up and enjoying the online gambling experience. The bonuses can be quite useful for any punter as they lower the amount of money that you have to risk to win. There are many different types of bonuses commonly offered in online casinos. Some of the most common ones are highlighted below.

Welcome Bonuses

The welcome bonus is the most common type of bonus offered on online casinos. It is quite rare to see an online casino that does not feature it. This type of bonus is offered to only new punters who have joined the particular internet casino for the first time. The bonus can be structured in a variety of ways, but the most common is a percentage of the initial deposit. If a casino offers a 100% welcome bonus on the first deposit, it means that you can stake up to two times what you deposit, increasing your potential winnings. The welcome bonus can also come in the form of free spins, casino credits, or any other prize that the casino may see fit.

No Deposit Bonus

Just as the name suggests, the no deposit bonuses do not require you to deposit any money for you to get them. You only need to fulfill specific requirements, such as creating an account or recommending the casino to friends for you to get the bonus. It is quite attractive since you get the chance to win money without risking your money first. This type of bonus is also commonly offered to existing players when a new game is introduced. It allows the players to try out the new game and familiarize themselves with it before committing their money.

VIP Bonus

VIP status is usually given to players who have been gambling on the casino for a long time and those who place high stakes. The high rollers are generally not interested in getting small bonus amounts, which is why casinos have loyalty programs that award them bigger bonuses. Given the large sums of money that the VIP members spend in the casinos, it is only fair that they get significant amounts of bonuses.

It is important to note that you may have to fulfill some conditions before you can withdraw the bonus amount that you get. The most common condition is known as a wagering requirement. With that, you have to play through the bonus several times before you can withdraw the winnings.