It is known to everyone that casino websites offer a wide range of promotions. And sometimes, new users can feel overwhelmed while comparing them. On top of that, each gambling platform gives its players a different amount of bonus cash along with different conditions. Due to these, many of us begin to feel even more uncertain about what promotions have the most value.
On this page, we want to overview some of the major bonus types that exist in the gambling world. Also, after reading this article, you will find out how to calculate the odds of converting the bonus into cash. So, without further delay, here are the five different types of online promos popular in 2022.
#1. Welcome Bonus
It is the first bonus player can get from a gambling platform after completing a registration procedure. Welcome or first deposit bonus can only be perceived by new users who haven’t previously deposited on the website.
Typically, welcome promos match the deposit amount and can increase its rate up to 200%. However, the deposit amount is usually capped to a certain limit, specified in the bonus terms.
Even though many gambling companies only offer a welcome bonus for the first top-up, several platforms allow customers to receive a bonus package for consecutive deposits. You can take as an example the ggbet bonus, which requires new users to make the first three transactions to become eligible for $1,000 bonus money and 175 free spins. As you can see, the combined amount that these players can receive tends to be very high.
With that being said, the conditions for this bonus may be even more restrictive than those of others and may include the exclusion of some countries and games. It is important to read or re-read the T&Cs of the chosen website before applying for any bonus.
#2. No Deposit Bonus
Some websites give this special bonus to the customers right after creating an account with them. It is basically a free money bonus (free spins) that can be used to play right away. In this case, the amount won is generally subject to wagering requirements.
Speaking of the play-through conditions, they can turn out to be very rigid, so once again users should read the terms carefully before playing.
In addition to the rollover, the activation period for such casino bonuses are much shorter and can be a matter of hours. That is why it is very likely that you may end up losing. So, don’t be under any illusions about winning big with this type of bonus. Casinos lose when you win, and the last thing they want is to give away money. What they do want is for people to try the service so that they can discover how much fun it is to gamble.
#3. Recharge bonus
There are also many bonuses that can be obtained by all casino members, including existing ones. The recharge bonus is one of these examples, which can be acquired when you make a deposit.
This type of promo can be sent to you through an email containing the bonus code. Alternatively, you can claim it at specific times or days. There is a lot of variety in terms of the top-up bonuses, so take a look at what each casino has to offer.
#4. Refund bonus
The payment of a refund voucher is basically the money that the user has lost playing. In this case, cashback is collected on the player’s net losses. So, it should be played first, and if everything is lost, the casino will return part of this money to the client in the form of a refund bonus.
Some casinos will credit the refund as bonus money linked to the rollover requirements, while others will consider it as cash that can be withdrawn. But typically, all these cashback offers come with fair terms and conditions.
#5. Loyalty bonuses, missions and rewards
Another way to reward users for playing in a casino is through loyalty programs and different competitions. Online casinos offers various reward systems, including the following ones:
- Loyalty points: you play games with real money and accumulate specific points, which can then be exchanged for cash or bonuses.
- Leveling system: you reach new levels by participating in games and collect a prize for each promotion, which can be a bonus or free spins.
- Missions or challenges: you participate in various gamification practices and collect prizes for the fulfillment of certain tasks.
- Slot tournaments: you compete against other players for a place on the leaderboard. Those who occupy the highest positions will receive cash, free spins or special prizes.