It may not seem like it, but the competition for customers among online casinos is an all-out war. An industry that is growing fast needs soldiers, in this case, players and gamblers. If you have considered playing casino games, even the free ones, you are a target recruit. Guess what the most formidable weapon in every online casino’s arsenal is? Promotional offers and bonuses.
According to Grand View Research, the online casino industry was worth an estimated $53.7 billion in 2019. At the current growth rate, experts estimate that it will rake in up to $127.3 billion in revenues in 2027. These figures show why online casinos can afford to entice new signups with attractive bonuses. While these freebies often have limitations, they ultimately benefit the player as well as the house. You can use these bonuses on poker, blackjack, roulette and also online slots.
If you are new to playing online casino games, it pays to be familiar with the bonuses that could benefit you. Here are the top five most popular and highly rewarding bonuses you should look out for.
1. Welcome Bonus
Also commonly referred to as the signup or new player bonus, the welcome bonus is just that: a gift for newbies. It is the most popular bonus type and may be as generous as $100 worth playing credit. This bonus is among the most attractive because of its flexible terms.
Before you sign up with an online casino, be sure to see what they offer to new signups. Some casinos offer signup bonuses as a match up to a player’s first deposit. Others give new players free credit to encourage them to try their offerings before committing to depositing funds.
Whichever the case, this bonus will help you look around and get a feel of a casino’s platform and game library.
2. Free Spins Bonus
Slots are the most popular games in both traditional brick and mortar and online casinos. Slots machines, with their multi-color flashes, thematic reels, and jackpot offers, are irresistible. Casinos know this, which is why they use the free spins offer to attract first-time gamblers. The free spins bonus encourages players to play for free – often with a chance to win a jackpot.
Read the Fine Print
Some casinos may call it welcome spins, cash spins, or wager-free spins, but they are the same. Before you jump on a free spins offer, read the fine print to understand the wagering requirements.
The free spins offer is often used to promote specific slots games and may not be available to use in others. Most will have a limitation on when you can withdraw your winnings. All in all, it is an irresistible offer worth redeeming whenever you come across it.
3. No Deposit Bonus
Online casinos offer this bonus to players without requiring that they deposit playing funds first. It is possibly the most sought-after bonus among experienced players. Newer casinos take advantage of this bonus to encourage players to play more often or get new players to sign up with them. The bottom line is that players get playing credit without risking their hard-earned cash.
Well, the requirements vary, but they are flexible. Many casinos will have high wagering restrictions to minimize abuse of this offer. For instance, they may require that a player deposits before they can withdraw winnings from this bonus.
The casino may also make the bonus available for specific games with a high house edge. Since this is completely free money the casino gives away, it is understandable that they impose high restrictions on the bonus.
4. Loyalty Bonus
When you have been a player with a casino for some time, the loyalty bonus is their way of rewarding you. While the structure varies with casinos, VIP status is also a way for them to retain customers.
Most online casinos have a point-based reward system. It allows players to accumulate points with experience and add up to increase the player seniority level. Bonuses are dished out based on how ‘loyal’ or active the player is on the site.
Are you just getting started with online casino games? Before committing to a casino, be sure to study their customer loyalty structures and associated bonuses. Note that some casinos may refer to this bonus as a high roller bonus.
There are many forms of bonuses that online casinos offer to new and existing players. If you do your homework well, you could play and even win without risking your money. These are just a few of the most popular bonuses that might work for you today.
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