The online casino business is extremely competitive, so in order to entice new players as well as retain their current ones, online casinos offer an array of bonuses that can help both new and established players boost their bankroll. The following guide is designed to explain the different kinds of bonuses which are offered by various online casinos so that you can fully understand how casino bonuses work, and how you can take advantage of them. And of course, make sure that you fully read the terms of conditions of any bonus which you are interested in to make sure that you completely understand how the bonus works, and what you need to do in order to claim it.
For new players that actually make a real-money deposit after registering at an online casino, the welcome bonus is a way to significantly boost your bankroll. Designed to encourage players to actually deposit money, these bonuses are granted as a percentage of a player’s initial deposit and
can be extremely generous, ranging into the thousands of pounds. Generally, the terms of how much you have to play in order to clear the bonus are quite fair and reasonable. Table game players should take note that these welcome bonuses are usually only able to be cleared by playing slots and that table games rarely, if ever, contribute to clearing a bonus.
The most frequent and common type of bonus that online casinos offer is the match bonus. With this kind of bonus, a player makes a real-money deposit with the casino, and the casino offers to give them a percentage of that bonus as free money. Online casinos like this kind of bonus because it entices players to make deposits and their chance of actually losing money is quite low. There are many different kinds of match bonuses available which are constantly changing. Match bonuses may sometimes only be available to players making their first deposits, or they could be available to long-time players to give them a bonus for reloading their account.
The following bonus schemes are some of the most common types offered by online casinos these days:
50% Match Bonus
When a casino offers a match bonus of 50%, you will receive a bonus amounting to half of the amount that you deposit. So if you deposit $500, you would receive an additional $250 (50% of $500) as a bonus from the casino operator. That means that after you make the deposit of $500, you would have a total of $750 in your account in which you can play at the casino with.
100% Match Bonus
By far, the most common type of match bonus offered is a 100% or 1-for-1 match bonus. With this kind of bonus, the casino will match your deposit dollar for dollar, so if you deposit $100, you would receive an extra $100 from the casino, absolutely free. These kinds of bonuses tend to come with a maximum amount, so that the casino doesn’t have to give away too much money. So if the capped amount is $250, even if you deposit $500, you would only receive a bonus of $250.