Understanding Online Casino Bonuses

Casino bonuses are when a casino offers a bonus in the form of free money or chips to players. These bonuses are used to entice new players to come into the casino and play their favorite games of chance. These bonuses are also given to current players to thank them and to encourage them to return to play again at another time.

Casinos offer the bonuses in two separate forms, the first deposit bonus and the loyalty bonus.

The First Deposit Bonus

A first deposit bonus is when the casino gives the player money to thank them for joining as a playing member. This casino bonus is most often paid after the player has signed up and paid their very first balance into their casino account. In some instances, when the player makes an initial deposit the casino matches the deposit. The matching bonus does have a limit, which is most often set at one hundred dollars. At other times the bonus may a percentage of the amount the player deposits.

Percentage deposits rarely exceed a maximum of fifty percent of the player’s deposit total. These percentage deposits may also require a minimum deposit of two hundred fifty dollars or better. Of course the deposit amounts and the matches put forth by the casino will vary from one casino to another. Casino bonuses also tend to change on occasion.

The Loyalty Bonus

Loyalty bonuses are given to casino clientele as a gesture of appreciation for the continued patronage of the player. Usually, these loyalty bonuses are given out on the first deposits made in any given month. The percentage may be a fixed percentage, or may increase slightly with continued month by month player loyalty. Loyalty bonuses can also have a lower percentage per bonus, but the bonus would be applied to every deposit made in the month.

In exchange for the loyalty bonus, the casino has expectations of the player. The player must agree to and abide by all casino terms and regulations regarding conduct, accuracy of personal information, and the conditions which apply when cashing in the player’s chips.

If a player accepts a bonus, they are expected to fulfill a wager through requirement. A wager through requirement is a clause which requires the player to bet a minimum amount of money before they can qualify to receive the bonus. This information is usually found in the casino’s terms and conditions statement.