You probably won’t get any free drinks from playing at online casinos (unless your significant other enjoys bartending as a hobby), but there are some other nice incentives for playing. Once you join the online casino, there are tons of bonuses and promotions at your disposal. When you get past the wagering requirements and rules, it really is free money. Just be sure to read the terms and conditions before agreeing to accept a bonus.
These are the different types of bonuses available at online casinos:
Match Bonus – the most common type of bonus on your first deposit. A percentage of the deposit is matched by casino, which can be 25%, 50% or 100%, for example. Find a 100% match on your first deposit worth up to a certain amount. The amount fluctuates depending upon the current promotion. Also, look for a welcome bonus with an equal or lesser match, like 50%, on your next few deposits.
Cash Back Bonus - given following a loss and are becoming more common. Depending on the promotion, an online casino might offer a 20% cash back bonus each week. Thus, if you had an overall loss during the course of the week, you would get 20% of your losses back.
Cashable Bonus – applicable to certain games or amounts and you must meet the wagering requirements before cashing out the free bonus money, which is added to your winnings.
Sticky Bonus – the bonus is not allowed to be withdrawn, but any winnings from playing it is.
Comp Points – similar to the comps at land-based casinos. They can be exchanged for cash, prizes and trips. The ratio of money gamble to comp points varies. A dollar value may be accessed to comp points, such as $1 for every 100 points.
Loyalty Rewards – another reward program offered by most online casinos, similar to a players club at land-based casinos. Most loyalty reward comps return around $10 for each $10,000 played. Some offer other benefits and promotions like a birthday bonus.
