Online casino bonuses are a very popular incentive that online casinos will utilize in order to encourage gamblers to get involved with their site. There are various types of online casino bonuses and each has its particular advantages and conditions.
The first type is the Welcome Bonus. This is sometimes also known as the New Player Bonus or the Signup Bonus, and it is the most popular type of online casino bonus to be found. The average amount is $100, so look carefully at the fine print when you are offered this type of online casino bonus which is for a larger sum. In many cases, that would be broken down into $100 increments per month, and not one lump sum. In most cases, these types of online casino bonuses can be divided into Percentage or Match Bonuses
The Percentage Bonuses vary according to the amount of deposit and are usually anywhere between 50% and 500%. A Bonus of 100% is called a Match Bonus and it is essentially an even money bonus. For every dollar that you deposit, there will be an additional matching dollar in bonus cash. If the casino is advertising a 50% online casino bonus then that means that for every dollar you deposit, they'll match it with only 50 cents. If they advertise a 300% online casino bonus then you deposit one dollar and they will add three dollars.
A Reload Bonus is set up so you'll keep reloading your account and keep gambling. It's quite similar to a Welcome Bonus and is often 100% Match up to $100 of free money.
No Deposit Bonuses are a form of online casino bonus that doesn't require you to deposit anything at all. They just add money to your account, usually at opening, to add incentive for you to start up with them. Most No Deposit Bonuses are around ten dollars.
Preferred Deposit Bonuses are a form of online casino bonus which is deposited when you use the casino's favored form of electronic payment to put money in your account. Some casinos have reasons why they like to receive their money in one form rather than another, so they may offer 5% to 15% automatically added to your deposit when you use their preferred payment method. Keep in mind that if a casino states that their Preferred Deposit Bonus is up to $3,000, that doesn't mean that you would get 15% by depositing $3,000, but their top limit of 15% online casino bonus is $3,000. In order to receive that bonus you'd have to deposit $20,000.
Loyalty Bonuses are for players who have been with the casino for an extended period of time and have reached various seniority levels. The higher your VIP status, the more of these types of online casino bonuses you're likely to receive and the larger the percentages will be.
High Roller Bonuses are for larger deposit players. This type of online casino bonus has been known to exceed $1,000 and may come in the form of a 50% bonus, which would mean that for $2,000 deposited, you would receive an additional $1,000.
Casino Whores constantly scour the online casino bonuses offered to find the best deals and then gamble very conservatively in order to play on as much of the casino's money, and as little of their own, as possible. This strategy also works very well for online slots bonuses where some of the bonuses can be very significant.