Taking Advantage of Casino Bonuses
Casino bonuses are extremely popular in both the brick and mortar casino setting as well as at the online gambling world. Online casinos are especially prone to use bonuses in order to attract new visitors as well as to get current ones to play and therefore bet more. Why?
First of all, though land based casinos do often provide qualified betters with incentives such as room upgrades, comp meals, etc., online casinos don’t have all of the overhead and/or expenses that brick and mortar institutions have therefore they can use more of their earnings to entice new and existing players into betting more.
Secondly, as opposed to land based casinos, people can leave the online casino world very quickly. It is therefore in the casino’s best interest to do everything in their power to try and keep you there. This includes, constantly stimulating clients with attractive bonuses. If someone at a land based casino wanted to try their luck at a different casino they’d have to physically get up and commute to the next place. Commuting isn’t necessary in the online world. Switching casino(s) takes just a few clicks and only a few seconds of your time.
This is good news for people who enjoy online gambling since it means you’ll receive more incentives and free cash than you would at a land based casino. So what kinds of bonuses do online casinos tend to offer?
Typical Blackjack Bonus Offers
Typical bonuses include cashable bonuses, no deposit and matching bonuses, free-play bonuses, reload bonuses, cash-back bonuses (not so common), comp points, sticky bonuses (non cashable bonuses), high roller bonuses, referral bonuses, etc.
- No Deposit Bonuses
- Cashable Bonuses
- Non-Cashable or Sticky Bonuses
- Comp Points
- Cash-Back Bonuses
- Reload Bonuses
- Free Play Bonuses
- High Roller Bonuses
- Referral Bonuses
No Deposit Bonuses
Since people are required to open an account before they begin to play, many casinos will offer you free cash in order to get you to do so. No deposit bonuses are credited to your account upon opening it and can be used for immediate play, this, even though you haven’t funded the account with any real cash yet. No deposit bonuses are sometimes also called welcome bonuses.
A variation of the no deposit bonus is called the matching bonus whereby a casino will match the entire amount or a percentage of the funds that you initially deposit into your account when you open it. Most casinos put a cap on matching bonuses and will only match your funds up to a certain amount. No deposit bonuses as well as matching bonuses can be either cashable or non-cashable and may require certain wagering requirements to be met.
A cashable bonus is an incentive that can be cashed out or withdrawn after you have met a certain wagering requirement. For example, a player that has received a no deposit or matching bonus of $100 may be required to wager at least $2,000 before he/she may withdraw the funds from their account. Further restrictions may include requirements that the $2,000 in bets be made only on certain eligible games.
Typical games that are excluded include craps, roulette, and other games which allow players to place bets on both winning as well as loosing plays. Why? Casinos aren’t stupid. On a game such as roulette for example, a person could simultaneously bet on both red and black just to meet the wagering requirement then take all the bonus money home. In that case they would have actually risked nothing and just defrauded the house. Games where the house advantage is minimal (ex. Blackjack) are also typically excluded and don’t count towards the wagering requirement.
Non-Cashable or Sticky Bonuses
Non cashable bonuses are bonuses that can be used to play but cannot be withdrawn as cash from your account. For example, a casino may issue you a $100 non-cashable matching bonus if you open your account with $100. That means you begin betting with $200. Let’s say you’re lucky and your winnings take your account balance to $1,000. When you withdraw the funds the casino will only allow you to take out $900. The non-cashable or sticky bonus remains in your account and can be used to play but you could never withdraw on balances below $100. Non-cashable bonuses are called sticky bonuses because they stick to your account.
Comp points are more commonly issued at land based casinos but some online casinos also use them. Comp points work in the following manner:
Comp points are issued for each bet you place regardless of whether you win or lose. Example: You may receive 2 comp points for every $5 you bet on a certain game. The casino will then give you $1 in cash for every 50 or 100 comp points you’ve accumulated. Yes, this is a very small percentage but for regular players it adds up after a while.
The amount of comp points earned per wager amount may also vary from game to game. For example, slot machines wagers tend to earn more comp points than Blackjack wagers.
On rare occasions casinos may issue what are known as cash-back bonuses. You are given back a portion or percentage of the money that you’ve lost to the casino. A casino may decide to issue a weekly 10 percent cash-back bonus and therefore at the end of the week you will be given back 10 percent of any money that you have lost throughout the week.
Cash back bonuses only apply to gamblers that are in the red by the end of the week. If you’ve made a profit or came up even then you are not eligible for the cash-back return.
Every so often online casinos set up marketing campaigns to try to entice existing account holders (also called real money players) into depositing more funds into their existing accounts or to get people that haven’t played in a while to fund their dry accounts (active accounts having very little or no funds). In this case the casino will offer what are known as reload bonuses.
Reload bonuses are available for existing clients only and are typically offered in the form of a cashable bonus reward where the house will match anywhere from 15 to 25 percent of any funds deposited into the account with an average cap of around $100.
Free Play Bonuses
Free play bonuses are typically offered to new customers as an incentive to get them to open up a real cash account. The casino will normally allow a new client to play with “free money” on a flash casino environment. Any winnings received by the potential client will be credited to the customer as a cashable bonus when he/she opens up the real cash account.
Free play bonuses are usually time based whereby the player is only given a set period of time (usually 1 hour) to win as much as he/she can within the Flash Casino environment. Though the flash account is typically credited with around $500 in free play money only the winnings are passed onto the real money account. There is usually also a cap on the amount that can be credited to the real cash account (usually 100 dollars).
High Roller Bonuses
Casinos usually offer high roller bonuses to people who like to bet high amounts of money. If the typical $20 or $30 bonus or even the $100 bonus seems too small for you then you may be interested in applying for a high roller bonus.
In order to receive high roller bonuses a player must meet certain wager requirements and will also have to fund a real money accounts with high amounts of cash but when you do meet the requirements the Casinos will treat you like a Movie Star.
Almost all online casinos propose referral blackjack bonus offers to existing players who refer a friend or family member to the casino. The bonus typically comes in the form of a cashable bonus that is credited once the person referred opens up a real money account. The referral bonus may be a set dollar amount or may possibly be a percentage of the funds deposited by the new client.