Types of Online Casino Bonuses
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All online casinos offer bonuses in order to attract players to their fold. In casinos powered by the same software provider the bonuses become the criteria based on which players choose a casino and therefore it is important to understand the various types of bonuses offered.
The first and perhaps the most important distinction that needs to be understood is that between sticky and cashable bonuses. Sticky bonuses are those where the player can withdraw only the winnings from wagering the bonuses after meeting the wagering requirements. The bonus amount will be taken back by the online casino. Cashable bonuses are those that can be withdrawn by the player along with the winnings from wagering the bonuses after meeting the wagering requirements. The information on whether a bonus is sticky or cashable is usually not provided in the promotions page but in the bonus terms and conditions.
The welcome bonus is the most sought after bonus. It is the bonus offered by the online casino to new players for signing up with the casino. The welcome bonus is of two types – the deposit or match bonus and the no deposit bonus. To avail the match bonus the player first has to deposit funds in his casino account and then the casino offers a matching bonus. The match bonus is in the form of X% of the player’s deposit subject to a limit of $Y. Traditionally the match bonus is given on the player’s first deposit only. But today the trend is to offer multi-stage match bonuses. In these the welcome bonus is extended to a number of deposits made by the player over a period of months. With each deposit the player receives a match bonus.
The other type of welcome bonus is known as a no deposit bonus. As the name suggests, to avail of this bonus the player need not make any deposit. He gets the bonus upfront. The purpose of the no deposit bonus is to allow the player to check out the games and the mechanisms of the online casino. Hence the no deposit bonuses are usually much smaller than the match bonuses. Though the no deposit bonus is given upfront the player can withdraw this bonus and/or the winnings only if he decides to continue playing at the online casino. He cannot just withdraw the bonus or the winnings from it and walk out.
An important issue connected with bonuses is wagering requirements. The purpose of bonuses is to induce players to play at the casino. Therefore the players are required to wager the bonuses a number of times before the bonuses and/or the winnings can be cashed. These conditions are known as wagering or play through requirements. Some online casinos require players to wager both their deposits and the bonuses in order to meet the wagering requirements, whereas other casinos require players to wager only the bonuses.
Learn more about online casino bonus wagering requirements here »