Online casinos are booming at the moment. With the recent advancements in technology and transactions, it has become a secure platform for gaming. There are hundreds, if not, thousands of online casinos operating in the gaming industry. There are millions of casino players worldwide playing millions of games. The income of the gambling industry is projected to triple by the end of this decade. With the integration of augmented reality and virtual reality, online casinos are taking it to the next level.
The online gambling industry is a very competitive field. To survive in it, online casinos not only have to provide exceptional gambling services but also give away free money to attract new players, literally. If you have $100, the casino will double or even triple it for you to gamble. If this isn’t free money, then what is? So, read along to find out how online casinos pay you money to play their games.
What Are Casino Bonuses
Casino bonuses are rewards given to new and existing players of the gambling platform. These are means by which online casinos attract new players into their gambling platform and retain the existing players. Players can use the casino bonuses to increase their winning potential. There are several types of bonuses and every bonus carries certain requirements that the players have to fulfill to withdraw the winnings.
The bonus amounts mentioned in each bonus are real money, which is awarded to the players. However, to withdraw the money you have to make a specific number of bets. Casinos use this method to make sure that players make more bets on their platform. But, it also benefits the players as they can take advantage of the bonuses and make risk-free bets that can earn them huge payouts.
Types Of Casino Bonuses
There are different types of bonuses meted out by the online casino. They are:
- Welcome Bonus: Welcome bonuses are a type of deposit bonuses that are awarded to new players when they join the casino. To redeem the offer, you need to make a certain money as specified in the promotion. You may also need to enter certain promo codes to activate the bonus. The welcome bonus also carries wagering requirements and maximum cash-out limits. The welcome bonus can be a match bonus and a series of free spins.
- Deposit Bonus: You need to make a specific deposit to claim the deposit bonus. The amount of money you need to deposit is mentioned in the promotion as well as the wagering requirements and the terms. The deposit bonus may be a match bonus, free spins, or free bets.
- No-Deposit Bonus: No-deposit bonuses are free money that the online casino metes out to its loyal players. These are the rarest casino bonuses as they require no deposits for activation. The no-deposit bonuses usually have an expiry date within which the bonus should be claimed and the wagering requirements should be met.
- Cashback: Cashbacks are also lucrative bonuses that are given out to the most loyal players and high rollers of the casino. If a high-betting player has a bad streak and loses money, the casino pays a percentage of the losses in the form of cashback. The percentage of the cashback increases based on your loyalty tier or VIP status. It is a token of appreciation and a way of giving back.
- Reload Bonus: Reload bonuses are casino bonuses awarded to players for retaining them in the gambling platforms. If a player has been away from the casino for a specific period, the casino gives them a reload bonus to remind them to keep wagering. Reload bonuses can be free spins, free bets, free chips, or even cash bonuses.
The Best Casino Bonuses
- Best Welcome Bonuses:
| Casino | Promotions | Minimum Deposit | Wagering Requirements | Promo Code |
| BitStarz | 300% Welcome Bonus of up to 5 BTC | $20 | 40x | No Code Required |
| Jackpot City | 100% Deposit Bonus of up to $1,000 | $10 | 25x | No Code Required |
| 7Bit Casino | 325% Welcome Bonus of up to 5 BTC. | 0.00072 BTC | 35x | No Code Required |
| Lucky Creek | 200% March Bonus of up to $7,500 | $100 | 60x | 200GETLUCKY |
- Deposit Bonus:
| Casino | Promotions | Minimum Deposit | Wagering Requirements | Promo Code |
| Fair Go Casino | 100% Bonus + 30 Free Spins on Kong Fu | $30 | 30x | C-KONGFU |
| Fair Go Casino | 150% Bonus + 35 Free Spins on T-Rex Wild Attack | $10 | 30x | C-TREXNEW |
| Fair Go Casino | 200% Match Bonus | $100 (Neosurf Deposits) | 30x | C-NEOBONUS200 |
| Lucky Creek | 280% Match Bonus of up to $1,000 | $100 | 60x | 280CRYPTO |
- No-Deposit Bonus:
| Casino | Promotions | Wagering Requirements | Code |
| BitStarz | 30 Free Spins on Alien Fruits, Gemhalla, and Gold Rush Frog | 40x | CRYPTO30 |
| Fair Go | 100 Free Spins | 60x | No Code Required |
| Raging Bull | $50 No-deposit Bonus | 30x | DDXEXA7P |
| Raging Bull | $100 No-deposit Bonus | 30x | 125CALENDAR |
| Planet 7 Casino | $25 in Free Chip | No | No Code Required |
| Jackpot City | 50 Free Spins | 50x | No Code Required |
Conclusion
Casino bonuses are free real money with certain withdrawal limitations attached to them. Online casinos give out these bonuses to attract new players and retain existing players. Some players might get more lucrative bonuses if they are high rollers or high spenders. There are various types of casino bonuses like deposit bonuses, no-deposit bonuses, reload bonuses, and cashback. While no-deposit bonuses are hard to come by, most casinos offer a plethora of deposit bonuses that are meted out to the players when they deposit a certain amount of money.
Free spins, free chips, free bets, and cash bonuses are other types of bonuses that allow the players to increase their potential winnings. However, you must wager the number of bets specified in the promotion to withdraw the bonus amount. You must always gamble at a licensed and regulated online casino to prevent getting scammed. Many casinos operating without a proper gambling license have attractive bonuses that have unrealistic wagering requirements. This will ultimately result in your deposited fund getting trapped.
Read More: Online Casino Not Paying Out? Should You Sue the Casino?
