Different Types of Casino Bonuses Explained

Even if sports betting is a significant source of worry regarding losing money, there is no way of avoiding money loss in gambling. It comes down to what you do to try to lower that risk. For example, if you're a newbie, so to speak, then a bonus can help lower your risk as you learn how to bet properly. This added bonus will help you in your wins as you learn to become an efficient bettor. Various bets are applicable under different circumstances. When you choose a casino, consider looking at the best deposit bonus or casino welcome bonus. Here are the different casino bonuses you should know.

Here are the no deposit free bonus casinos.

Welcome Bonus

The other names for this type of bonus are sign-up bonus, first deposit bonus, and new player bonus. When you become a new member of a casino, you get casino welcome bonuses. Welcome bonuses can be a direct boost on your stake or allow you to play a specific number of games. An example of a welcome bonus would be: 100% up to $1150 + 500 Free Spins. The casino matches your first deposit, giving you an extra $1150. You also get a bonus of 500 free spins. Another example would be $1000 Match Bonus on your first 3 deposits, meaning for the first three times you deposit, your deposit is increased by up to $1,000 each time.

Free spins are also sometimes referred to as cash spins or extra spins. Most importantly, they are valid in case one is searching for online pokies with real cash. Free spins are applicable in video slot games. Generally speaking, players can expect to see lower wagering requirements for free spins as opposed to cash welcome bonuses. Occasionally, casinos will offer free spins for the second and third deposits.

Welcome bonuses, such as online casino bonuses at Gamblizard Canada, can be as low as 50% or as high as 500%. Obviously be careful about bonuses that appear to be very big because they involved severe conditions and terms. A welcome bonus is really a great help when you wish to try a new casino or learn a new game.

Payment Method Bonus 

There are different costs for different payment methods. Casinos would pay great credibility to payment methods that enable them to save on transaction fees, hence reducing their overhead costs while allowing higher profits. To motivate players to deposit through these methods, casinos give out certain bonuses. For instance, they may offer 15% of your deposit as a bonus based on having it deposited using Bitcoin.

No Deposit Bonus 

This kind of bonus is an exception since it lets you play at little or no risk to your own money. You get to play without using money but can still win real cash without any risk. With a no deposit bonus, a casino would generally restrict which games you could play. Very often, games with a low house edge such as blackjack are usually excluded from utilizing this bonus. Casinos also have high wagering requirements because they want to keep their cash from free plays.

Reloading/ Deposit Bonus 

Also referred to as loyalty bonuses, these are rewards a casino gives you for being loyal to them. In essence, you get a common percentage of your deposit as a bonus. Casino deposit is that in some casinos, you deposit money on specific days, for example, on Tuesdays. Moreover, other casinos would consider the monthly worth of your gaming in order to reward players according to the levels of their bets. If you keep on playing regularly, you may even be entitled to a monthly bonus every month.

VIP / High Roller Bonuses 

High spenders attract casinos, which offer lavish bonuses and incentives to underwrite their continued activity. To a high roller, 20% deposit bonus might not be that impressive. However, a ticket to a poker tournament could entice him or her. Such VIP players are assigned a personal caretaker to meet their every need. Depending on your gambling behavior, you would get these perks in a personalized package.

Referral Bonus 

A casino will reward you for the introduction of a new friend/customer. This bonus is sometimes called a refer-a-friend bonus. A bonus could be a flat amount, such as $20 for every referral, or could be a percentage of the deposit of your referral. Most of the time, referral bonuses come with conditions in which your referees would have to spend a certain amount of money before you receive the bonus.

Wagering Requirements on Bonuses 

Always check the wagering requirements on a bonus. These are the terms and conditions for getting cash from a bonus. Some casinos have no such restrictions, whereas others will make you play as much as 50 times to withdraw the bonus. Wagering requirements should be checked even before committing with your deposit. As a trend, the bigger the bonus, the bigger the wagering requirement.

Bonuses can be helpful should you want to try out a new casino or game or a different roulette strategy. They will also possibly boost your wins and make your play more lucrative. You can now enjoy your games with lesser risks while boosting your wins at your chosen casino.