Bonus offers are often the deciding factor for players when choosing an online casino. Lucrative bonuses give you the chance to win big without having to risk too much of your hard-earned cash.
While there are many types of online casino bonuses with varying terms and conditions, some of the most lucrative bonuses include:
Cash Bonuses, or “Bet and Get” offers
Some casinos offer cash bonuses when wagering a certain amount of money. For example, they may offer £50 or £70 for wagering £10.
Cash bonuses like these are great because players only have to wager a small amount of money to claim them. The only drawback is that the wagering requirements are often much higher than other types of bonuses. For example, wagering requirements can sometimes be 40x or 60x.
In most cases, these bonuses must be used quickly – within 7 days of account registration – so they are commonly used as a welcome bonus.
These types of bonuses are ideal for new players who are trying out online casinos because you don’t have to make large deposits.
Free Spins No Deposit
With free spins no deposit casinos, new account holders can get free spins without even having to make a deposit. These bonuses are so lucrative because players don’t have to risk any of their own money to play. Just register an account and start playing.
The number of free spins will vary from one casino to another.
Of course, players will likely need to meet wagering requirements before they can cash out, but this is a common requirement with all types of online casino bonuses. Therefore, it’s essential to understand the terms and conditions of no deposit bonuses before playing. This way, there’s no confusion when wagering or getting ready to cash out.
Welcome Bonus with Free Spins
Some online casinos will offer a percentage bonus up to a certain cash amount and free spins. For example, the casino may offer 200% up to £400 and 50 free spins.
If a player deposits £400, they receive £800 plus 50 free spins. If they deposit £200, they will receive £400 and 50 free spins. If players deposit more than the maximum bonus amount, they will still receive the bonus and the free spins. For example, if they deposit £600, they will still receive £400 and 50 free spins.
In most cases, players have to meet minimum deposit requirements to claim these bonuses. However, some casinos do have no-deposit offers for these types of bonuses as well.
Check the terms and conditions for these bonuses. For example, they may only apply to certain games, or bonus wins may be capped to minimize the casino’s losses.
One advantage of this type of bonus is that it’s typically valid for at least a month (in some cases, 90 days).
Deposit and Cash Back
Another lucrative online casino bonus is the deposit and cashback bonus. A casino may offer 100% up to £100 plus 10-15% cashback.
In many cases, the cashback is cash without restrictions. However, there will likely be wagering and minimum deposit requirements. Most of the time, these requirements are minimal and easy to meet.
The only drawback is that these bonuses are generally only available for new accounts.
Deposit Bonus
Many casinos offer deposit bonuses, and existing customers can often use these. The casino will give a certain percentage of the deposit amount up to a certain amount. For example, they may offer 100% up to £200. So, if a player deposits £200, they will get an additional £200. If they deposit £20, they will get an extra £20.
Even if a player makes a deposit that’s higher than the maximum bonus amount, they will still get the bonus. So using the example above, if a player deposited £400, they would still get £200.
These bonuses do not come with additional spins or cashback like some of the other bonuses on this list. In most cases, players can’t withdraw their bonus funds. They can use bonus funds to make bets, but they can’t withdraw them as cash. Winnings may also be subject to wagering requirements.
No Wager Spins
In a bid to win over new customers, some casinos will offer free spins without any wagering requirements. These bonuses are great because players can take advantage of their winnings right away.
However, these bonuses may only apply to certain games or other rules/restrictions that players should know about before playing.
These types of bonuses aren’t as common as others because they can be risky for online casinos, but they are out there. Players should make sure that they truly understand the terms and conditions before claiming these bonuses, so there’s no confusion or disappointment.
Ongoing Promotions and Bonuses
To keep players around, many online casinos offer regular bonuses and promotions that existing players can use. These may be monthly, quarterly or seasonal bonuses. Of course, there will be rules and restrictions, but these promotions can be very lucrative.
Perhaps the most significant advantage of this type of bonus is that players can continue playing at a casino they know and trust.
Some online casinos have special VIP promotions for high-rollers and loyal players. These promotions aren’t easy to avail, but they can include lucrative benefits, like:
- Cashback
- Free chips
- Physical rewards
- Quicker payouts
- Paid holidays
Players will likely need to be a member of the VIP program to avail these bonuses, but a high-roller or someone who plays often may find it to be worthwhile.
Prize Draws
Prize draws are a common promotion for online casino competitions. Players earn entries into a drawing by completing specific tasks or earning a certain number of points.
Winners are typically selected at random. Therefore, players should make sure that they understand the terms and conditions of the promotion before playing.
These are some of the most lucrative online casino bonuses for players. But, like with any other casino bonus, it’s important to know how each offer works and what must be done to claim or cash out on winnings.