Types Of Bonuses On Offer At Online Casinos
Ready to grab the Coupons with Bonuses and discounts! Why not they are the fun filled spins to go merry go round at a casino. Most of the online casinos have the best deals in terms of bonus offers. You must have seen that for new players or the first timers at the casinos there are welcome bonus for you to enjoy your moments at the gaming tables. As a newbie at the Casino with different types of bonuses in hand he/she has to make a first deposit and for existing players depositing again. These Welcome bonus coupons are offered to win your loyalty and also encourage you to refer your gaming friends to their casino.
One thing that pops up in mind of the player is why are such Bonuses offered? Bonuses encourage you to deposit more and play more. It may seem to the players that the Casinos give away free money and who will not like to have free money and use it to the best of advantage in signing up with an online casino. On the other hand such bonuses are usually very specific stipulations for how much money you have to spend playing, as well as how much time you can take to play that amount before you can withdraw your bonus money.
The Different Types of Bonuses Offered Online Casinos
Let us explore the different types of bonuses you may find at online casinos and also the types of Playthrough requirements needed in order to release your funds. Terms and conditions of the bonuses may differ from one online casino to another, so make sure you read these carefully at the particular casino website or at the Bonus Coupon site before making a deposit.
1. The Cashable Bonus
Cashable Casino Bonuses are the most favourite and popular type of casino bonuses. These bonuses are free money you get when signing up and depositing money. Usually you access this bonus by entering a special bonus code (or the Coupon Code) at the time of your deposit. Be sure you understand the rules and regulations for cash bonuses.
There might also be restrictions on the casino games that are eligible for releasing your bonus. Often the terms will be something like a 100% match of an initial deposit up to some maximum amount. You cannot withdraw the bonus until you have bet a certain amount of money on slots or other casino games at the site.
After completing a wagering requirement, you are capable to withdraw the money. As an example, a playing table can propose a 200% bonus of $200 with a 20x wagering requirement. After depositing $100, you are awarded the $200 on top of your initial payment, maximising your stake to $300. You are not able to request withdrawal of your wins and the bonus until having placed bets to a total of 300 x 20 = 6000$ worthy of wagers in the casino.
2. The Non-Cashable Bonuses
The Non-Cashable Bonuses are also called Sticky bonuses or phantom and are very common with online slots. They work the same way that cashable bonuses do, but cannot be cashed out. These bonuses will also have a minimum betting requirement before they can be used for game play and are basically used to increase your bankroll.
Consider these a loan from the online casino site to you. All other winnings you earn on the site can be cashed out, but all of the non-cashable bonus money must remain with the cashier at the casino. For alternatives you should often look out for greater promo codes and special deals or coupons offered at online casinos.
3. The Cash-back Bonus
Cash Back bonus can be found occasionally at online Casinos. This is like a refund that is credited to your account each week or month based on a certain percentage of your gaming losses.
4. The No Deposit Bonus
The No-Deposit Bonus is a better opportunity to try the casino you wish to play before you actually decide to play for real money. As a casino player you must be aware that there are usually some restrictions for the free bonuses. For example, some casinos have max withdrawal limits if you play with free bonus.
No deposit bonuses are basically free money that can be cashed out at any time, and can usually be used without restriction at the online casino. And No deposit bonuses are generally not very huge.
5. The Monthly Bonus
Most of the best online Casinos offers its customers regular monthly bonuses. The offer is fixed and is seldom changed. It is usually something like “a monthly bonus of 50% up to $ 50. This bonus is usually based on the first deposit of the player in the month, and has the same conditions like a normal casino bonus.
The main difference between them is that the normal bonus is offered only once after you have registered at the casino and created your, while the monthly bonuses players get every month. The monthly bonuses may be paid according to the casino bonus terms only after fulfilling the wagering requirements, as well as the normal bonuses. Other monthly casino bonuses include such bonus as free spins, free casino play bonus and lottery tickets or comp points increases.
6. The Comp Points Bonus
The Comp points are bonuses based on your online play that increase and are added to your account at certain play marker points. These comp points can then be exchanged for online play cash or prizes.
7. The Refer-a-Friend Bonus
You might have seen many online Casinos offering this type of bonus and asking you as their registered player to refer one of your friends to their casinos to get this bonus. The refer-a-friend bonus rewards you every time you refer someone who opens a real money account at the online casino.
8. Bitcoin Bonus
These days many online casinos are offering Bitcoin bonuses to players like Rich casino offers 400% BTC bonus on first three deposits.
Bitcoin or BTC is a form of digital money often referred to as cryptocurrency. It is created and controlled using digital encryption techniques. The transfer and verification of this digital currency are done through open-source software and there is no middlemen or centralized bank involved. It has become a popular payment method for bitcoin gambling and there are a number of Bitcoin casinos online for Canadian players.
You can find this currency as a payment option in many online casinos, poker rooms, and sports betting sites and it seems to be the preferred choice for sports bettors and poker players.
9. The High Roller Bonus
The High rollers or so called the VIP Bonus are for the people with hundreds of dollars and chips and when they are in their full aggressive swing at the play tables they are granted fast million/billion dollar loan to make their bets. Many best online casinos provide to them a diversity of high roller bonuses.
Almost all these bonuses among types of bonuses at online casinos are in the form of big sign-up bonuses and matches like 100% on your deposit $ 2,000 or $500 gratis for your primary $ 1,000 deposit, these promos are, really, especial offers. Also there are many online casinos that still promote, offering second, third and fourth match bonuses, as well as VIP society memberships, privileged tournaments and comp-point programs.
10. Other bonuses
In types of bonuses at online casinos. you will find monthly, weekly or day to day bonuses that online casino offer. These are on various types of games including slots and table games. Even you have tournament games bonuses for slots, table games, Bingo and Keno bonuses and many more of such kind. Also refer a friend bonus where if you refer some one to the online casino to play games and he/she opens an account with the casino you get some bonus. Also there are other cash awards and prizes offered by the casino on special events, celebrations and occasions. You always need to check out the bonuses page regularly for this.
Understanding the “Playthrough”
While redeeming the types of bonuses at online casinos or Bonus Coupon Codes you must have read this term called the “Playthrough requirements”, also known as wagering requirements. These are the terms that the casino places on your ability to release your bonus. The casino is willing to let you play on the site for a while before being able to cash out your free money. It is advisable to always check the casino terms and conditions before accepting a bonus offer.
The Terms and Conditions vary from Casino to Casino. Some will ask you to place a specified number of spins or bets or spend a specified amount of money in spins or bets before you can treat the bonus funds as your own money. Sometimes the playthrough is based on just the bonus amount, and sometimes it will be based on the total of your deposit plus the bonus amount. For example, an online casino that offers you a 100% bonus for your first deposit. You deposit $100, and the casino gives you a matching $100 bonus. Here your playthrough requirement is on the bonus amount only and the requirement is 30x your bonus. You now have to play $3,000 in spins in order to request a withdrawal of the bonus money.
Different casino games can be played towards the playthrough requirement, but not all games contribute equally to fulfilling the requirement. Slots usually contribute 100%. Games like video poker or blackjack may not contribute at all. Other games, like roulette and Pai Gow, may only contribute 50%. Like playing roulette only, you’d have to wager $6,000 before you could release your bonus.
With all these types of online Casino Bonus it is up to you to like which bonus coupon you wish to have. Go for the best deal at winmenot.com and have a bonus coupon, remember to enter the bonus code into the given field in order to avail the bonus offer (Enter the correct Coupon code against the correct offer) for online casino of your choice!