Along with sports betting and fantasy sports, online casinos are gaining tons of traction in today’s world. Just like sports betting and fantasy sports platforms, online casinos have to compete with one another for customers. Most of them try to stand out with lucrative bonus offers and promotions. Naturally, there is a wide range of promotions offered by various casinos. Let’s take a closer look at the type of promotions you can expect to find.
Welcome Bonus
Just like sportsbooks, online casinos try to persuade new customers to sign up by offering an attractive welcome bonus. Most online casinos will offer some kind of welcome bonus, although the exact offer might change from time to time. Typically, a welcome bonus will either give a player free spins or deposit bonus bets into their account that match the initial deposit a new customer makes. Therefore, there is an incentive for new customers to make larger deposits and play more frequently. Of course, players are only eligible to receive a welcome bonus one time at every casino.
Deposit Bonus
Sometimes called a reload bonus, this type of bonus serves as an incentive for returning to deposit more funds into their account. This type of bonus is popular as a welcome bonus but can also help to retain current customers. Essentially, the online casino offers bonus bets to players based on how much money they deposit. Some casinos will match 100% of someone’s deposit while others will only do 50%. Either way, the bonus funds usually come gradually and not all at once.
Free Spins
Online casinos that want to promote their slot machines will offer free casino spins to specific games. Other than a welcome bonus, this might be the most common type of bonus offered by online casinos. Some casinos will offer up to 50 or 100 free spins, giving players a chance to profit without risking their own money. However, there are usually terms and conditions with free spin bonuses that dictate what slot games are available for free spins and how long players have to use those free spins. While these types of bonuses are common, they don’t last forever and tend to change frequently.
Loyalty Programs
Just like brick-and-mortar casinos, most online casinos are big on loyalty programs. These are useful for customers who like to play online casino games regularly and are willing to stick with one casino for most of their bets. For the most part, the more you play, the more loyalty points you rack up and the more bonuses you can claim. With so much competition among online casinos to earn loyal customers, the bonus opportunities in loyalty programs can be quite lucrative for serious players.
Friend Referral
Just like sportsbooks, online casinos also encourage customers to encourage their friends to join. Most online casinos will have a referral program that gives free spins, profit boosts, or bonus bets every time one of their friends signs up. Each casino will be different, but most are going to have a referral bonus of some kind to encourage users to spread the word.
Payment Method Bonus
This type of bonus isn’t quite as common as some others, but you will see it at several online casinos. While most casinos accept a wide range of deposit and withdrawal methods, they tend to prefer one method over others. Therefore, they might offer players a bonus if they do their banking a certain way, usually one of the popular e-wallet options available. As long as the customer uses that method, they will get additional bonus bets or free spins. You may not see this type of bonus everywhere, but you should see it from time to time because it’s a good opportunity to get an easy bonus.
Cashback Bonus
We all know that the house tends to win casino games, which is why many online casinos will offer a cashback bonus. This allows players to get back some of the money they’ve lost in a given week or month. This helps players to offset some of their losses, giving them a little safety net when they go through a bad spell.
Seasonal Promos
Just like any other type of retail, online casinos tend to have seasonable promotions that change throughout the year. They might offer free spins on certain games. For instance, during the holiday season, online casinos may want to promote holiday-themed games with free spins. There could also be deposit bonuses or bonus bets offered as a way of promoting a specific game or event depending on the time of year and what the casino wants to promote at the moment.