Online casinos offer a variety of bonuses to attract new players and keep existing ones coming back for more. If you’re new to the world of online gambling, it can be overwhelming to navigate the different types of bonuses. In this article, we’ll break down the most common types of bonuses you’ll find at online casinos in simple terms.

Welcome Bonus

The welcome bonus, also known as the sign-up bonus, is the most common type of bonus you’ll encounter at online casinos. It’s offered to new players who register and make their first deposit. The bonus amount varies from casino to casino, but it’s typically a percentage of your initial deposit. For example, a 100% welcome bonus means that the casino will match your deposit dollar for dollar up to a certain amount.

No Deposit Bonus

A no deposit bonus is exactly what it sounds like – a bonus that doesn’t require you to make a deposit. It’s a great way for new players to try out an online casino without risking any of their own money. No deposit bonuses are usually smaller than welcome bonuses, but they’re still a nice perk for players.

Reload Bonus

A reload bonus is a bonus that’s offered to existing players when they make a deposit. It’s a way for the casino to encourage players to keep coming back and making deposits. The reload bonus amount is usually smaller than the welcome bonus, but it’s still a nice perk for regular players.

Cashback Bonus

A cashback bonus is a bonus that’s based on your losses. It’s a way for the casino to give back to players who have had a streak of bad luck. The cashback bonus amount is usually a percentage of your losses over a certain period of time. For example, a 10% cashback bonus on your losses for the week means that the casino will give you 10% of your losses back in bonus money.

Free Spins Bonus

A free spins bonus is a bonus that’s specific to online slot games. It’s a way for the casino to promote a new slot game or reward players for their loyalty. The free spins bonus gives you a certain number of free spins on a particular slot game. Any winnings from the free spins are usually subject to wagering requirements before you can withdraw them.

Wagering Requirements

Speaking of wagering requirements, it’s important to understand what they are. Wagering requirements are the number of times you need to play through your bonus money before you can withdraw any winnings. For example, a 20x wagering requirement on a $100 bonus means that you need to wager $2,000 ($100 x 20) before you can withdraw any winnings.