The Different Types of Online Casino Bonuses and Promotions

Online Casinos

Online casinos offer a variety of bonuses to customers. The purpose of these bonuses is to attract and keep new players. They are also beneficial to players as they help increase their chances of winning – play Enchanted Prince online slot.

This guide explains the main online casino bonuses and promos.

The Wagering Requirements 

Before we get started on any bonus, it’s crucial we first look at the wagering requirements. It is the most critical aspect of collecting any casino bonus.

Casino operators can’t just give away free money to players. That would be an unwise business model doomed to failure. That’s why some terms and conditions are always attached to these offers.

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A wagering or turnover requirement is a multiplied variable that specifies how many times you need to have wagered your combined deposit and bonus amounts before you can withdraw any of your winnings. This can be anything from 10x and above. Always look for online casinos that offer the lowest wagering requirement.

So, for example, if you want to claim a full bonus with a typical new customer offer giving you a 100% bonus for your first deposit up to £50, you deposit £50 and receive an additional £50 making £100 in total. If now the wagering requirement is 10x, then you would need to wager £100 ten times, which will be £1,000 to complete the turnover requirement.

Now let’s take a look at the different types of bonuses and promotions 

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Welcome Bonus 

This is the most common type of bonus you can get from an online casino. It is sometimes referred to as the sign-up bonus. It’s a combination of free spins and a deposit bonus. However, it can also be one type of bonus or another, depending on the casino you’re playing at.

The welcome bonus is given to new players signing up for the first time at an online casino. Terms and conditions apply to this type of bonus.

Deposit Bonus 

A deposit bonus is often sometimes referred to as a reload bonus. It’s basically a bonus offered after depositing a certain amount. In addition to the welcome bonus, you can also receive a deposit bonus as a promotional offer.

No-deposit Bonus 

As the name suggests, a no-deposit bonus doesn’t require players to make any deposit. You can try out various games with free play, but there are terms attached.

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Cashback Bonus 

Playing at online casinos gives people a chance to win some money. However, losing is also unavoidable. Cashback bonuses allow you to cover your losses.

Loyalty/VIP bonus 

A loyalty bonus is given to regular players, valued regulars and high rollers. They are the bonus with the least stringent conditions.

Referral Bonus 

This promotional offer rewards you for referring new players to the casino using your referral link.

In conclusion, bonuses offer a great way to enjoy your favourite casino games. However, not all bonuses are the same. Always check the wagering requirements and read the terms and conditions before choosing any bonus in any online casino.

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