A lot of online casinos offer bonuses to draw in customers and keep them around. There are various types of online bonuses from different casinos, and they have different requirements that often lead to confusion. If you are new to bonuses, then it’s best to have an understanding of how bonuses work, and what to use them for. Here, we will briefly explain the different types of bonuses you may come across in casinos:
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No Deposit Bonus
This is one of the simplest forms of bonuses and is less common. The bonus requires a player to just sign up to qualify for free spins or a cash amount which can be used for free spins. You do not need to make a deposit but meeting the requirements to cash them out can be difficult.
For example, a site may offer a £20 no-deposit deal so that when you sign up and meet the requirements, you receive the bonus funds. Meanwhile, some casinos have terms and conditions regarding how to withdraw the no deposit bonus, so it’s best to go through the requirements.
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Deposit Bonus
As the name implies, you need to deposit before you qualify for this type of bonus. It usually comes with the first deposit, and it depends on the amount you put in on a site. There is usually a limit tied to these rewards, and players need to bet a certain amount of their money before they can withdraw their winnings. For example, a 50% deposit bonus means you will get an extra £50 reward if you deposit £100.
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Cashback Bonus
Casinos that offer cashback bonuses give players a percentage of their money back should they lose it whole betting on their games. It can pay off if a player loses lots of money. Most times, cashback bonuses are credit on-site so that players can keep playing without depositing an additional amount. However, some casinos compensate players with cash payments.
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Sticky Bonus
Casinos offer this bonus for players to play but they cannot withdraw. This means if a player receives a sticky bonus, they can only use it to play and they can withdraw their winnings only if it’s above the initial bonus amount.
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Loyalty Bonus
Loyalty bonuses are online casino’s loyalty programs. These types of bonuses are given when players reach a certain status on a casino site. Also, players need to meet requirements to cash out these bonuses.
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Free Spins
Free spins are fast becoming the most popular form of bonuses in casinos. With free spins, players get to play specific games without betting on their funds. Players who are able to meet the requirements and T & C’s of the bonus can cash them out. Some casinos give free spins after the first deposit
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Welcome Bonuses
Most casinos offer the welcome bonus and are the bonus given to new players to keep them in. It could be no-deposit, deposit, or free spins. But usually, casinos match the welcome bonus with the deposit bonus. it could be 100%, 200% or more match deposit bonus.
You can find welcome bonuses on different online casino sites including the recently listed sites at https://top10rankedonlinecasinos.com/live-casino/ which was ranked based on many criterias including the welcome bonuses and game variety offered. As with other bonuses, it’s best to read the conditions required to unlock winnings.