Beginners Guide to The Different Types of Casino Bonus Codes
When you join an online casino, you are usually beckoned by a welcome bonus code as one factor involved in your decision-making process when choosing which casino to choose. Once you are an active member of the casino, you should have access to a variety of other bonus options that come with a bonus code and minimum deposit.
In this guide, we are going to look at the most common casino bonus codes offered in the online casino’s promotions section.
Tips Before You begin Using Casino Bonus Codes
Before we begin, here are some tips in regard to online casino bonus codes that you should take into account before you opt-in for a bonus code:
- Always read the bonus terms and conditions
- Make sure you understand the wagering requirements
- Check to see if the bonus is restricted to certain games
- Find out if there is a ‘win maximum’ attached
- Make sure you know when the bonus cash expires
All this information will be listed in the casino’s terms and conditions. Now let’s take a look at the various bonus types there are available to you.
No Deposit Bonus Code
This is a bonus that is offered to people that are not yet members of a casino. A cash bonus, free spins, or a free casino chip is given away simply for signing up to the casino. In other instances, a no deposit bonus can be given when you confirm you’re your telephone number by SMS.
A welcome bonus is awarded to players when they make their first cash or cryptocurrency deposit with the casino. This could be a deposit match bonus (explained in the next section) plus free spins or free chips. Some welcome bonuses apply to the 1st, 2nd, 3rd, 4th and in some cases the 5th deposit made by a new member. Once the welcome bonus has been used up, members can no longer claim a welcome bonus.
Every casino has a promotions section. All the bonuses you see in this section are known as regular bonuses. They can be daily, weekly, bi-weekly, monthly, seasonal, and yearly. The great thing about these bonuses is they are ‘regular’; therefore, you can use them as often as you are able to in order to give yourself as much bonus/extra cash as possible.
Deposit Match Bonus
The deposit match bonus is the most commonly used online casino bonus. It is used for nearly all welcome bonus offers and is also a very popular regular bonus offer. The idea of this bonus is that you make a deposit and the casino will match the deposit value according to a designated percentage.
For example, if a casino offers a 100% deposit match bonus up to $100, then if you deposit $100, the casino will match it 100%. You then begin with a bankroll of $200. The 100% deposit match is commonly used with welcome bonuses. However, regular bonuses are generally lower.
Let’s take a 50% deposit match bonus. You deposit $100 and the casino matches this by 50%. You are rewarded with $50, and so you are given $150 for your $100 deposit.
Preferred Deposit Method Bonus
Aside from regular bonuses and welcome bonuses, you may be given a deposit match if you use a particular deposit method. For example, Times Square and Enzo Bet online casinos give players a 15% deposit match for using Neteller or Skrill.
Other preferred deposit match offers may offer free chips or free spins instead of a deposit match.
There really is not much difference between a reload bonus and deposit match bonus. You will be offered a percentage match if you keep on reloading your account with a minimum cash value each time you reload.
Cashback on Your Losses Bonus
Cashback bonuses basically give you money back on your losses. If you win, then great! However, if you lose, but you used let’s say a ‘10% cashback on your losses’ bonus code, then you get 10% of your losses returned. Perhaps you lost $300 in a single session, $30 (10%) will be credited back to your account.
Free Spins Bonuses
Now free spins bonuses are rather self-explanatory. You make a deposit and the casino gives you XXX number of free spins. This could be a regular bonus or part of your welcome bonus. That being said, there is more than meets the eye when it comes to free spins bonus offers.
- Each free spin will have bet value assigned to it ($0.10 per spin)
- Free spins are usually only available on designated slot titles or slots produced by a particular slot developer (this is to promote the slot or developer)
- Free spins can come with a win maximum applied to them
- In general, any winnings from free spins bonuses come with a lo wagering requirement
It is always great to land free spins with any deposit. Nevertheless, you should always check the terms and conditions for the above 4 points.
Ultimately, the best free spins bonuses are the ones that come with the least restrictions!
Free Casino Chip Bonuses
This is the same as a free spins bonus code except casino chips can be used on table games and sometimes other games such as virtual scratch cards.
Free Gifts Bonuses
A free gifts bonus covers quite a few different styles of bonuses. It could be free merchandise, a ticket to a special event, a holiday, a free cruise, or it could be a surprise bonus gift consisting of any one of the bonuses covered in this guide.
Loyalty bonuses, much like free gifts, come in all shapes and sizes. In order to earn these bonuses prizes, gifts, or benefits players need to earn COMP points, which are basically loyalty points. The norm is 1 COMP point for every $10 wagered, but this can vary depending on the game you are playing. Once you have enough loyalty points you can buy bonuses, buy merchandise, or exchange the points for cash. What you can do with these points is entirely down to the casino’s loyalty points bonus agenda.