This page will reveal the main types of online casino bonuses that today’s most trusted operators offer new and existing members. We will also discuss online casino bonus wagering requirements, which some people refer to as playthrough or rollover requirements.
What are the main types of bonuses?
There are three main types of bonuses you can find at online casinos today, which tend to include the following:
- Matching deposit bonuses
- No deposit bonuses
- Cashback bonuses
Matching deposit bonuses
Awarded to players who make a real money deposit into their accounts, a matching deposit bonus is perhaps the most common match bonus is the 100% match bonus.
With this casino bonus, you will be doubling up on your deposit up to a certain amount. Let’s just say you are offered a 100% match bonus worth $500. This means that the operator will match anything you deposit up to $/€/£500 (or equivalent currency value).
In other words, depositing just $/€/£50 with a 100% match bonus means you will end up with $/€/£100 to play with. This includes your initial deposit of $/€/£50 + $/€/£50 bonus money.
If you deposit $/€/£20, you’ll end up with $/€/£40.00, and if you deposit the full $/€/£500, you’ll end up with $/€/£1,000, and so on. You can learn more about today’s best matching deposit bonuses right now on the official profitsquad.com website.
No deposit bonuses
The good thing about this online casino bonus is that you don’t need to deposit to receive a bonus, hence the name ‘No Deposit Bonus.’ A no-deposit bonus could be a certain amount of free spins dropped into your account to try out a selected online slot machine.
A no-deposit bonus could also be a free cash bonus dropped into your account.
Some online casinos also give players cashback bonuses. For example, at some sites, as part of the welcome bonus, you can claim cashback up to a certain amount on any losses you incur in your first 24 hours of being a fully registered member.
At other casinos, you can get cash back each week or each month on your losses up to a certain amount. These bonuses can be claimed when playing at the casino from your smartphone, tablet, laptop, or desktop computer.
What are wagering/playthrough/rollover requirements?
In short, it’s the amount of money an online casino player must wager/spend before they can withdraw their bonus winnings. Wagering requirements are attached to online casino bonuses to protect the online casino operator.
If operators just gave away free money to new and existing players without attaching wagering requirements to their bonuses, many players would simply withdraw their bonus money and spend it elsewhere. Wagering requirements basically prevent this from happening.
When you claim a bonus, you will need to wager the bonus money (and normally your initial deposit amount) a certain amount of times. This could be as little as 1x to 10x times your bonus amount up to 60x or 70x times the bonus amount.
The lower the online casino bonus wagering requirements, the better it is for players.
For example, the lower they are, the quicker you will be able to complete them. If you are left over with any winnings after completing your wagering requirements, the money is yours to spend as you please. Any withdrawal restrictions that were placed on your casino account will be lifted!
Wagering requirements must usually be completed within a certain period, and only certain games typically contribute 100% towards completing them. In other words, make sure you read through the bonus Ts and Cs before accepting an online casino bonus to find out which games will help more towards completing the wagering requirements.