By The bonuses and promotions offered by online casinos help attract new players and reward loyal ones. These include no-deposit bonuses, deposit matches, free spins, cashback deals, and loyalty programs. While these offers may seem too good to be true, always read the fine print and understand exactly how they work before you jump in.
The popular bonus offered by online casinos is the signup or welcome bonus. It is a bonus given to new players simply for creating an account. The bonus amount varies by casino but usually ranges from $10 to $1,000. For example, an online casino may offer a 100% match on your first deposit of up to $500. So if you deposit $300, you’ll receive an extra $300 in bonus money. The main thing to note about signup bonuses is that they usually come with wagering or playthrough requirements. It means you must play through the bonus amount multiple times before making any cash out of any winnings. So, make sure to review the requirements to avoid any surprises.
Deposit matches
A deposit match (or reload bonus) is similar to a signup bonus but available to existing players making a deposit. Again this is typically a percentage match up to a certain amount. For example, a 50% match on deposits up to $250. So if you deposit $200, the casino adds another $100 giving you $300 total to play with. The catch is deposit matches often have higher wagering requirements than signup bonuses. It’s usual to see requirements ranging from 20x to 50x the bonus amount. So, consider whether it’s worth taking the bonus or depositing without it.
Free spins
What better bonus than free money to spin the reels? Free spin offers give players a set number of spins for use on selected slot machines with no deposit required. Winnings are withdrawable once wagering requirements are satisfied. The number of spins offered ranges from 10 to 200 on the first deposit. Some High 5 Casino also offers free spins to existing players through weekly promotions. Just know that win amounts rarely exceed free spins.
Cashback bonuses
A cashback bonus is exactly what it sounds like – cash given back to players based on the amount they’ve wagered over a certain period. These bonuses, sometimes called rebates, are most commonly given weekly. For example, you may earn a 10% weekly cashback bonus. If you wagered $500 over the week, you would receive $50 back. Cashback offers a nice incentive to keep playing regularly.
Loyalty or VIP programs reward players with points based on how much they wager. Earning points can be exchanged for bonus credits, free spins, merchandise, or even exotic vacations and cruises. Programs are tiered, with higher tiers providing better rewards and exclusive promotions. Reaching the top tier requires a ton of play, but the perks are lucrative if it’s a high roller.
