We all know that online casinos have a house edge in wagering. However, if you know how to make the most of the bonuses they offer, you can turn things to your advantage, and even make some money out of it. In order to know your way through gambling sites and the bonuses each online casino offers, you should become acquainted with the variety of bonus types. Getting the best bonus out of an online casino should be at any player’s highest priority. Here are the most popular types of bonuses online casino sites offer and some tips on how to benefit from them:
No Deposit Bonus
Used as a marketing strategy to allow new customers get a taste of the games, no deposit bonus usually have values between £5 and £30.
As these bonuses have no strings attached, it gives you a chance to see what you’ll get once you decide to deposit.
Some important information regarding no deposit bonus: If you are lucky enough to win using this bonus money, know that whilst some online casinos will let you withdraw winnings + the bonus, others will only let you withdraw your winnings.
Furthermore, in all cases no deposit bonuses will have very high wagering or play through restrictions. In some cases the bonuses need to be wagered 50 times before you are eligible to withdraw any winnings, and sometimes, only wagering is only counted on specific games. Make sure you always read the terms and conditions.
Sign Up Bonus
Most online casinos offer first deposit bonuses of at least 100% of the amount of money you put in your account, but the percentage can go as high as 500%. These promotions are also known as matched or sign up bonuses. The beauty of these casino offers is you can deposit £100 and end up having £600 in your account ready and waiting.
Sign up bonus will usually have lower wagering or withdrawal restrictions than the no deposit bonus, and is a real reward for choosing to deposit at your preferred casinos. Most of the bonuses detailed on Top5CasinoSites are the matched ones, and wherever possible, we’ve secured premium Exclusive Sign Up Bonuses for you.
Most online casinos don’t stop rewarding you after the first deposit, but let you qualify for a bonus on all subsequent deposits too. This means that the house will credit your account with a certain percentage of your deposit. Not all gambling websites offer bonuses on redeposit, and, usually they are lower than the first deposit ones. There are often some caveats to reload bonus such as the payment method you use, what day you deposit, time restrictions or to be played only on specific games. Always read the terms and conditions.
Multi Stage Welcome Bonus
Perhaps the most attractive of all the online casino offers, is the Multi Stage Welcome Bonus to reward you on all your first few deposits. As the casinos are so happy you are enjoying your stay, they will typically reward you with a % matched on your first, second and sometimes third deposits. Many casinos on Top5CasinoSites will offer 100% sign up bonus on your first three deposits, and some will have an even higher % matched.
Although different than the other types of bonuses, comp points are yet another rewarding strategy online casinos use. Comp points are usually awarded for the cash a player wagered. For instance, for a bet of £10, you can get 1 comp point, no matter if you win or lose. When you have amassed enough, you can convert your comp points back in to money. If you are considered a VIP player, these comp points will have a higher exchange value than if you are a newbie.
Cash Back Bonus
Less common than the other types of casino offers, cash back bonus is sometimes given to players based on the money they wagered.
Refer a Friend Bonus
Another marketing technique, refer a friend bonus is offered when you recommend the respective online casino to someone, and that someone signs up and starts playing. The value of these bonuses differs from one gambling site to another.
All in all, there are many ways to make your gambling buck go further. Thanks to the number of online casinos out there, each one is willing to offer more and more to encourage you to play at their casino.
All “free” money and bonus money will always come with wagering restrictions so always make sure you read the terms and conditions before you redeem any bonus.
Check out our Top5CasinoSites where you can see the best online casino offers and promotions from the top gambling brands.