What is an Online Casino Bonus? Definition, Functions and its Benefits

Bonuses are one of the most important features online casinos offer. You need to be aware of these and to know what you can get out of them. Casinos use bonuses to reward the players that have been with them for a while as well as to help new players set their accounts up and get a chance to play the game with less risk or even for free. 

Sometimes bonuses come in the form of deposits and sometimes as free spins and free turns. There are also complicated rules as to how and when bonuses can be used and you need to be aware of them as well.

What Are Bonuses?

Every casino bonus should start with defining what the bonus is and how it works. A bonus is a feature provided by the casino sometimes in the form of a free turn or in the form of a deposit put on your account, allowing you to play in the house.

These bonuses are administered to new players or on a daily basis to reward the players that keep coming back to the game. There are also many different additional features to consider about bonuses before deciding to use them.

Sign in Bonuses

The main type of bonus provided by most casinos is known as the sign-in bonus. It’s the bonus that you’ll get when you sign in for the game for the first time. Those bonuses are there to welcome new players and provide them with the chance to play without risk.

Sometimes these bonuses can be used as you wish while in other cases you can only withdraw them after you’ve won a certain amount based on them. In rare cases, you won’t be able to withdraw them at all.

The Percentage Bonus

Another common bonus is called the percentage bonus. As the name suggests it’s the bonus in which the casino provides a percentage of the amount you’ve deposited yourself. The obvious downside to such a bonus is that it only works if you’ve deposited your own money already. 

The amounts the casino will provide can vary – it’s rarely less than ten percent and rarely more than 50 and there’s often a limit as to how much you can deposit in order to qualify for this type of bonus. 

No Deposit Bonus

No deposit bonus is a bonus you get without having to make a deposit to your account to qualify for it. That’s considered to be the most generous of all the bonuses out there since it’s basically free money from the casino. These are rare and there are usually limits to them.

The most common of these is in the fact that it’s usually a small amount. Sometimes there’s also a limit as to who can qualify for such a bonus. It’s rarely given to all the players and without caveats.

Payment Method Bonus

A payment method bonus is a relatively rare feature, in which a casino offers bonuses for the players using a particular payment method. Most casinos offer a variety of different payment methods to accommodate their players, but they use bonuses to nudge players in one direction of one. 

This is most noticeable in the recent trend of using cryptocurrency as a payment method. Some cryptocurrencies have a deal with the casinos and they offer the bonus in the currency itself if you’re using it to pay your casino deposit. There are both upsides and downsides to using cryptocurrencies and you should look into them before making a call.

How to Choose a Bonus for You?

Bonuses are a useful feature and one that a player can really benefit from. However, that doesn’t mean you should always accept them. There are often rules and caveats to be aware of, and they can make your gameplay plans that much more complicated.

For instance, if a bonus requires you to make a deposit or to win a certain amount in order to be used, it may not be worth your time or effort. Some bonuses that are given simply for showing up or signing in are always a good idea. 

When to Withdraw

One of the most important features to consider when choosing and taking advantage of a bonus is how to withdraw the funds and in some cases, can you withdraw them at all.  In some cases, casinos will require you to withdraw your bonus only after you’ve played with it and won a certain amount. 

In other cases, it will require you to win a percentage of the bonus or to play enough rounds with it as your main deposit. Some casinos don’t allow the players to withdraw the deposit at all, only to use it to win more.

What is an Online Casino Bonus? Definition, Functions and its Benefits

Casinos offer bonuses, sometimes as a direct payment and sometimes as free tries as a way to welcome players and reward them. It’s always a good thing to get some free money and try to play without the risk of loss for your funds.

There are also different types of bonuses and different rules that apply to how you can withdraw them if at all. It’s important to study these details first before using a bonus so that you know when to use it and how to make the most out of it. They don’t always pay off.