The concept of offering cash bonuses to new and existing players is something that has been at the core of the online casino marketing strategy from the very beginning. After all, few players can turn down the opportunity to enjoy some completely free cash and offering it can often be more lucrative for the casino than pursuing traditional paid marketing. However, just like the industry itself, the concept of casino bonuses has evolved and there are all sorts of choices out there. Before you go ahead and choose somewhere to play for real based on what they are offering as bonuses, be sure to check out our assessment in the post below to know what you are getting and how to make the most of it.
Types of Casino Bonuses
There are many different ways of being rewarded in cold hard cash simply for playing at a casino, and while they all share the core principle of being rewarding, newer players may not know exactly what they might be getting themselves into and how to make the most of their bonus.
The Welcome Bonus
The welcome bonus at online casinos is exclusively for brand new players and is generally awarded as soon as they sign up. They provide a handy and immediate bankroll boost, meaning that in the context of our free games here at Mr Gamez you can ensure that they operate exactly as you would expect, and even keep what you win depending on the turnover rules. The bonuses are generally paid as a percentage of your first deposit, up to a capped amount – for example, a 50% match bonus up to $100 means that to get the full $100, you would need to deposit $200 and end up with $300 to play with. Effectively, these bonuses are to encourage players to sign up and make a deposit.
The Reload Bonus
Reload bonuses differ in that they are often aimed at existing players and reward them by offering more cash in a similar manner – as a percentage on top of their deposit amount. Some casinos offer a reload bonus on the first deposit of the month, while others will email you the latest offers on an ad hoc basis, particularly if you haven’t played in a while.
No Deposit Bonuses
These bonuses are exactly what they say on the tin. They are simply free cash with turnover requirements that do not need any funds adding to the player’s account.
Different casinos offer wildly different loyalty bonuses. At some casinos, if you are a VIP member then they may well deposit a couple of hundred dollars into your balance with no turnover requirements. On the other hand, some casinos offer cash rewards for reaching new tiers of their loyalty ladder. The more you play and spend, the better these bonuses will be.
While loyalty bonuses are open to any kind of player, the VIP versions are similar but exclusive to the top tier of players. As mentioned, this can mean completely free cash or even real prizes such as holidays and gifts. They are handed out in the same manner, with players being selected by the casino manager to receive such bonuses in their account.
Clearing Your Bonus
No casino is in the business of giving away money completely free – that would be a business model that is doomed to failure. Therefore, they apply certain terms and conditions to each bonus, meaning that the player usually has to play through the full amount a certain number of times before making a withdrawal. This can also extend to win only bonuses, where the actual bonus cash can never be withdrawn and only the winnings count.
The most common choice of game for clearing bonuses is blackjack. The low variance and relatively low house edge mean that perfect play can result in only a minor loss in the long term. Playing hands at the table counts as turnover for the purposes of withdrawals and aiming just to break even means that the cash is soon unlocked for use. Indeed, our version of blackjack here at Mr Gamez is the perfect place to perfect the strategy, and some online casinos even offer variations with even smaller edges.
Other games, such as slots with high pay outs, are also suitable for clearing bonuses. The important thing to remember is to keep stakes small so as to balance out any variance and most of all to have fun with it! You will find our recommended casinos for all of our games on the specific pages, each of which offers a unique range of bonuses and offers for new and existing players.