Most Popular Casino Bonuses Explained

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The incredible growth of the iGaming industry in the past decade has created a market worth 45.8 billion in 2017, with some predictions expecting it to rise to $94.4 billion by 2024. One of the consequences of such rapid growth is the increased competitiveness and a bitter fight for every new player among the online casinos. One of the most common ways casinos try to attract new users is the bonuses they offer, trying to outdo each other in a fierce battle for the increased player base. There are two main types of bonuses, cashable and non-cashable ones. The difference is simple. Cashable bonuses can be withdrawn, while non-cashable ones can’t. Non-cashable bonuses seem a bit nonsensical, but if you think about it, they are logical. They deter players from simply cashing a bonus without playing. Think of them as an opportunity to sample the games and get to know the ropes. Even the cashable bonuses come with some limitations, usually wagering requirements you must fulfill before you can withdraw them.

Deposit Bonus

Deposit bonus, also known as the welcome bonus, is the most common type of bonus casinos offer. Usually, they will match your initial deposit, up to a certain amount, like $100. That means that if you deposit $100, you will get an additional $100 from the casino. A word of warning, this type of bonus comes with some strings attached. Since accepting this bonus also means that you are accepting limitations on when you can make a withdraw, you have to opt-in for it, as it isn’t given automatically. Accepting a deposit bonus is easy. After making your initial deposit, just go the Banking / Cashier page and select it. Your account will receive the money immediately and you can use it on any game, just like your deposit.

Free Spins

This bonus allows new players a taste of what awaits them at the slots. For the most part, to qualify for free spins, you don’t need to make a deposit, all you need is an active account. You can use them to sample games that look interesting to you, but you are not sure you want to play them. Think of it as a trial period. All winnings will be added to your account, but in order to make a withdraw, you may need to fulfill some conditions. Typically, casinos require you to play a certain amount of turns, usually 30, before allowing you to make a withdraw. Free play and free spins are not the same things, so it is important to differentiate between the two.

Cashback Bonus

Unlike many other bonuses, cashback bonus works for existing players. It is a way for casinos to reward their loyalty and continued playing. Every casino will have its own specific set of rules, but the principle is the same. A percentage of your losses returns to your account. Depending on a casino, the time period varies. It is usually your weekly losses, but in some cases, they can be monthly or even daily. Some casinos offer cashback bonuses only on certain games, to boost their popularity. Games that have a high house edge, like slots, also often have cashback bonuses. They are expressed in percentages and are typically 10%.  They often don’t have any wagering requirements, but in some cases, you need to drain your account to be eligible for a cashback bonus.

Roulette Bonuses

While no specific roulette bonuses exist, most of the ones we have listed above can apply to it. The money you get from a deposit bonus can be used to play roulette. In many casinos, roulette is eligible for cashback bonuses. Since it is a very popular game, casinos never felt the need to create bonuses that apply explicitly to roulette, but they do offer regular promotions you can use. You just have to keep an eye for them.

This is just a sample of online casino bonuses offer to their players, both new and existing ones. Each casino differs in specifics, so you will need to check their bonus page to make sure they have the bonus you want.

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