Online Casino Bonus Types:
Steve Larson
Online casinos have been using sign-up and other types of bonuses for quite a few years now. As the competition for players grew ever fiercer, these bonuses began to branch out into several different types. Nowadays, one needs to be a bonus specialist in order to be able to list and to describe every single type of online casino bonus off the top of his head.
The sign-up bonus has long represented the first line of attack for every online casino's marketing strategy. The sign-up bonus is the one drawing attention and consequently: player sign-ups. Most sign-up bonuses are presented in a % match format, therefore, the maximum bonus amount (which is usually the one advertised) is not that relevant. Your bonus money will be seriously limited by the amount you deposit. Unlike online poker rooms, online casinos transfer bonus funds straight into players' accounts. That however doesn't mean one can proceed to cash out and to ride off into the sunset with the casino's money. As a matter of fact, no withdrawals will be allowed until the play through or turn over requirements are met. That doesn't quite mean the casino will hold your deposit hostage though. You can actually cash out any time you wish, but in that case you'll give up your bonus which will go back to the house. The true value of a sign-up bonus is in the redemption requirements. If the requirements are lax (as in easy to fulfill) the bonus is more valuable. There are all sorts of subtleties involved in bonus redemption too. Most casinos will not allow you to redeem your bonus on games which make it possible for you to turn over large sums of money without significant risks. This is why the odd/even and red/black bets on roulette are pretty much always ruled out when it comes to bonus redemption. It is extremely important that you read through the bonus redemption requirements thoroughly before you sign up. You do not want to sign up to a casino which doesn't allow you to unlock your bonus on your favorite games, do you?
The main problem with sign-up bonuses is the fact that they expire rather fast. Players who unlock their bonuses no longer enjoy the reduction in the house edge they did in the beginning, which means that they're not highly motivated to hang around anymore. In order to prevent what can essentially be described as bonus-whoring, online casinos have come up with a new type of bonus: the loyalty bonus. Much like rakeback in poker (for the best poker rakeback and poker prop deals go to rakemeback.com), these loyalty deals reward players in direct proportion with the amount of money they wager at the tables. The more they play, the more loyalty rewards they earn. Many casinos have VIP systems in place, which allow players to climb to different VIP levels, which in turn allows them to get bigger and bigger bonuses. This brings us to another special bonus type: the high roller bonus. High roller bonuses are only issued to those who truly do qualify as high rollers. Such players usually get the whole VIP treatment too: they get personalized support, they get invitations to various prestigious events and they get to enjoy the casino's special offers, which are not available to everyday Joes. High roller bonuses are always extremely generous, but then again, the requirements of reaching high roller status are nothing to scoff at either. Other types of online casino bonuses are: the refer a friend bonus, various feature promotions, banking bonuses and monthly or weekly bonuses.
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