Bonuses are among the major strategies bitcoin casinos use to attract new players and retain the existing ones. It is also one of the first things players consider before registering with a casino.
On this page, we will look at the most common casino bonuses and how they are structured.
Best Casino Bonuses
A live casino bonus is the free wagering ability that players get for performing specific actions within the casino. Such activities may include signing up, making a deposit, playing for a certain period, or joining through a recommendation. Bonuses received for exclusive actions such as referral sign-ups are known as exclusive bonuses.
Exclusive live casino bonus is used by casinos to encourage people to join through affiliates or perform other profitable acts. A casino may, for instance, offer an exclusive bonus whenever players place bets exceeding £100. Exclusive bonuses are most popular with slot games which are enjoyed in online casinos.
Benefits of a Deposit Bonus
A deposit bonus is usually the matching bonus that players receive when they load money into their betting account. The bonus is typically dependent on the size of the deposit, e.g. 200% deposit boost up to a certain amount. The higher the deposit, therefore, the higher the bonus.
The deposit bonus allows the player to learn the ropes of the site than if they were to use their own money. Most casinos allow players to use the deposit bonus before they begin betting with their own money. This minimizes early losses for the player.
Types of Casino Bonuses
Welcome Bonus
This bonus is also called a first deposit bonus. It is the most popular among all casino bonuses. Almost all online casinos give their new players this bonus.
A welcome bonus is awarded by an online casino to a depositing player with the casino for the first time. In most cases, it is a once-off bonus. The first deposit bonus is usually calculated as a percentage of a new player’s first deposit to the casino.
A casino may offer 100% or, in rare cases, 200% of a player’s initial deposit as a welcome bonus.
If a casino gives a 100% welcome bonus, then a player that deposited C$75 gets a bonus of C$75. Hence he will have C$150 to play.
A welcome bonus usually has a limit, and you cannot claim beyond the limit irrespective of your deposit. This bonus also has wagering requirements. This requirement is the number of times you must wager the bonus before you can make a withdrawal.
If you earn C$10 as a bonus and the wagering requirement is 30, you must play C$300 before you can withdraw your winnings.
At times, a casino will limit the number of games you can use your bonus to play.
A welcome bonus can also come in the form of free spin. In that case, the wagering requirements are usually easy to satisfy.
Reload Bonus
Reload bonuses are bonuses you get when you make further deposits after your first deposit. This bonus has two aims. The first reason casinos give reload bonus is to encourage existing players to make more deposits. The second reason is to reward its players for their loyalty.
Although reload bonuses also have wagering requirements, they are easier to meet than welcome bonuses. However, reload bonuses are not as juicy as welcome bonuses.
Reload bonuses can be targeted on specific days or at particular customers.
Loyalty Bonus
As the name implies, this is a bonus used to reward loyalty. Casinos that give loyalty bonuses usually do it by awarding points to their customers each time they play.
When the points accumulate to a certain extent, you will be entitled to some benefits. You can also redeem them for cash.
Cashback Bonus
A cashback bonus is a bonus you earn after losing to a mobile casino. The casino gives back part of your loss as a cashback bonus. This bonus has two aims. The first is to compensate you for your loss, and the second is to encourage you to take risks.
If you know part of your money will be paid back if you lose, you will be prompted to take the risk.
Cashback bonuses are usually calculated as a percentage of the amount you lose. It may also have a wagering requirement, but the condition will not be as strict as other bonuses.
The benefit of a no deposit bonus
A no-deposit bonus is earned by merely signing up in a live casino. There is no requirement to load any money into the account. There are, however, conditions attached to the no-deposit bonus. In some houses, for instance, this bonus can only be used to play specific games.
A no-deposit bonus is a great way to learn how to play different games on a site. It allows you to do this without losing money. It is especially beneficial for newbies who may not have had experience with the game earlier. If you test a site’s games and don’t like them, you can pull out without any losses.