Casino Bonuses Explained

Casinos use bonuses as a means to lure players in and then encourage them to play more games and spend more money. Players benefit because they get free spins, extra money in their account, or some other bonus when they play. Bonuses can range from a few free spins of a specific inline slot to $100 added to your new account when you place your first deposit. Most have wagering requirements while some have game restrictions.

Casino fans in Bangladesh can access a wide variety of offshore casino sites, which provide a safe and secure way to play poker and slot games. Offshore sites are regulated in countries with open gambling laws, like the UK, and are popular with those where online casinos, such as Bangladesh and Qatar, are not regulated. Casino expert Joe Yarnold states that these sites offer generous bonuses to attract new players. (source: https://www.business2community.com/online-casinos/bangladesh). They also accept a wide range of payment methods, including cryptocurrency. 

Bonus Types

Bonuses are common, but while they can come with slightly different names, most bonuses fall into one of the categories below.

Deposit Match Bonuses

A deposit match bonus is commonly offered to new players. The casino offers to match a portion, all, or multiples of the player’s first deposit. There is usually a minimum and a maximum limit and there may be other restrictions. Some online casinos only offer deposit bonuses to players who deposit using Bitcoin.

No Deposit Bonuses

A no-deposit bonus is one where the casino rewards a player with some free money in their new account when they register. The player does not need to make any deposit to get this bonus. The money usually appears in the player’s account as bonus funds and this kind of bonus comes with heavy wagering requirements.

Reload Bonuses

While deposit match and no deposit bonuses are usually paid to new players, reload bonuses are specifically geared towards convincing existing players to stay at the site. These can have a similar format to deposit match bonuses but are not usually as generous as the bonuses for new players. Reload bonuses may not have the same wagering requirements as other bonuses, however.

Free Spins

Free spins might be given out to attract new players but they can also be given out to celebrate events or mark occasions. If a site introduces a new slot machine, it may provide free spins to regular players. Free spins are a good opportunity for new players to determine whether they like certain slots or not. There will usually be wagering requirements, and some free spins can only be used on specific machines. They don’t carry over to different slots.

Cashback Bonus

A cashback bonus means that players receive all, or a portion, of their bets back if they lose. There will be limitations on the offer but it can be a good way to make bigger bets more appealing. These are common in sports betting as well as at online casinos.

Loyalty Programs

Attracting new players is only part of the battle faced by online casinos. Loyalty programs are shown to help businesses retain customers and they can help casinos retain players in the same way. Loyalty programs can be tiered so that the more bets a gambler places, the better the rewards. These rewards can be benefits like faster withdrawals or reduced fees, or they could be free spins or other free games on the site.

VIP Programs

VIP programs are similar to loyalty programs except they are reserved for the highest rollers on the site. Members might gain access to restricted events or receive other bonuses and extras. VIP programs are a good way for casinos to use gamification to encourage more bets and increased spending from bettors.

Bonus Conditions

All bonuses have some conditions. Whether a bonus is only available to brand new accounts or a particular bonus is only valid for certain types of games, you need to meet these requirements to benefit from the offer.

Account Status Requirements

A lot of bonuses are only available to new players. No-deposit bonuses might be paid automatically on registration, but deposit match bonuses will be paid on or soon after your first deposit. For reload bonuses, check whether the bonus is available on second deposits or whether there are any other status restrictions.

Wagering Requirements

Bonuses generally come with wagering requirements. These require that the player wagers the bonus amount a certain number of times before they can withdraw any winnings. This is to prevent players from registering, depositing, and then withdrawing their initial deposit and the bonus. Wagering requirements may mean that the player has to wager anywhere from 10 times to 50 times the bonus value.

Game Restrictions

Free spins can typically only be used on a single slot machine and cannot be transferred to other games. Free bingo tickets, free roulette spins, or even free hands of blackjack might be available from some casinos, though, and these work in the same way. Check whether any bonus is restricted to specific tables or games.

Other Bonus Terms

You should also check the date the bonus is valid, whether it is available to players in your country, and whether there are any other specific requirements. Some casinos have fully embraced cryptocurrency and blockchain technology and only offer bonuses to players who deposit Bitcoin, for example.

Conclusion

Bonuses are offered by most online casinos. Some are only available to new players, while others are offered to existing account holders. They can offer bonus money in your account, free spins at new slots, or cashback paid against losing bets. Always check the terms of an offer to ensure you meet the requirements, and be prepared to meet some challenging wagering requirements with most bonuses.