All sorts of online casinos offer many different bonuses as a way to attract new players. There are five different types of bonuses that are available:
- Cash Back
- Comp Points
This is designed to provide brand new players with a bonus whenever they make their first deposit into their account. Generally, these bonuses tend to match their deposit up to a particular percentage amount. This kind of bonus also generally has a maximum on how much betting someone is actually allowed to do before they are able to cash out. One example of this is an online casino that matches new player deposits up to 100%, then the player is required to wager 25 times their overall deposit amount, as well as the bonus amount, all before they can withdraw any of their winnings. However, there are wagers on certain games such as craps and roulette that do not count toward these requirements.
This is perhaps the most common type of casino bonus, which lets a player immediately cash out once they meet all of their wagering requirements. While similar to a sign-up bonus, the only difference is your winnings can be cashed out once all of your requirements have been met. This means that you may have to bet a certain percentage of your overall deposit; however, the bonus amount is not included in this. This means that you can withdraw all of your winnings, on top of this bonus amount. It’s important to note, however, that there can be certain restrictions on games that can count towards your wagering. For examples, there are some casinos that won’t count wagers on games such as craps and roulette because they give a better opportunity to simultaneously bet on those games.
These are bonuses that are non-cashable. Whenever someone makes a withdrawal, the bonus amount is generally removed from the withdrawal amount. Sticky bonuses can allow a player to receive a 100% match on their deposit, as well as a percentage amount that they need to wager. This means that if a player deposited a total of $100, then they will also receive a $100 bonus. The player will then need to wager $2,000; however, when the player withdraws all of their winnings, the $100 bonus is removed from that amount.
Cash Back Bonuses
This is a bonus that is given to a player following a loss. When a player loses, it is then returned to them. For example, a casino can choose to offer a 25% cash back bonus every week.