The online casino bonuses given to new players are often referred to as welcome bonuses. There are three types of welcome online casino bonuses prevalent in the industry. The first is a deposit bonus. After the player makes his first deposit the casino offers a matching amount as an online casino bonus. This is offered as a percentage of the player’s deposit subject to a maximum amount. The second type of welcome bonus is the no deposit bonus. In this case the player is not required to make any deposit but gets the bonus upfront. The purpose of this bonus is to allow players to get a feel of the games. The no deposit bonus is much smaller than the deposit bonus. The third type of welcome bonus is not given as cash but a number of free spins on a popular slot game. The players get to keep the winnings, if any, as the bonus.
The online casino bonuses given to existing players are known as reload bonuses. Reload bonuses are usually deposit bonuses in which the players are first required to make a deposit. These bonuses have a weekly or a monthly cap. In many online casinos the reload bonuses are linked to the player’s VIP status. The higher the status the greater is the percentage involved or the limit involved.
A very common online casino no deposit bonus is the Refer A Friend bonus. Word of mouth popularity is very important for online casinos. Therefore casinos compensate the players who recommend the casino to their friends. Most casinos offer a lump sum bonus for every friend the player brings in. The bonus is given after the friend opens a real money account with the casino and makes the required deposit.
There are several terms and conditions associated with online casino bonuses and players need to read them carefully. Failure to comply with the terms can lead to the forfeiture of the bonuses. The most important of these are the wagering requirements. These specify how many times the bonus must be wagered before the winnings can be cashed. They also specify the games on which this wagering should take place and the time frame in which this wagering is to be completed.