Online casinos may be businesses looking to make a profit, but they typically offer players, both new and regular, a range of ways to increase their bankroll, from match bonuses to loyalty schemes and even free spins.
Why do they do this? Because the online gambling industry is very competitive and casinos have to offer bonuses to attract players so they don’t end up going elsewhere to play.
Here’s a look at some of the ways you can boost your bankroll and some casinos that offer these bonuses.
1. Match bonuses
Online casinos offer welcome bonuses to attract new players. Welcome offers typically consist of a match bonus, which works as follows:
You deposit a minimum amount of money (usually $10 or so) and your money is multiplied by a certain number.
For example, if it’s a 100% match bonus and you deposit £/€/$10, you’ll receive a free $10 for a total of £/€/$20 to play with.
Most of the time, there’ll be a limit on how much you can claim from this type of bonus.
It’s usually a few hundred dollars, though some casinos offer more. While some casinos offer a single match bonus for your first deposit, some offer match bonuses for your first few deposits. Genting Casino has a pretty good match bonus on offer: make your first deposit and you’ll receive a 100% match bonus of up to £1,000.
Don’t forget the wagering requirements, which you ideally want as low as possible. 20x is perfect, but think long and hard at any above 50x. So, a $100 match bonus with a 50x wagering requirement, will see you needing to wager $5,000 in order to ‘play through’ the bonus.
2. No deposit bonuses
Many online casinos offer bonus money or free spins to players who haven’t even made a deposit!
You simply need to sign up to claim a no deposit bonus and you can start playing through your bonus money or free spins before crediting your account with your own money. While this particular offer may seem too good to be true, it isn’t.
No casino is going to give players free money or spins and let them withdraw winnings.
This is why wagering requirements exist. They determine that players have to play through their bonus money and/or winnings a set number of times before they can convert any winnings into real cash to withdraw. Wagering requirements vary from casino to casino – there are even some, such as bgo Casino and Powerspins Casino, that don’t have any wagering requirements at all.
A good example of a no deposit offer can be found at Casumo Casino, which offers 20 free spins on the Starburst slot to new players on registering their account – there are wagering requirements however.
Have a little spin for free on Starburst to see what it’s like.
3. Free spins
It’s already been mentioned that free spins can be claimed as no deposit bonuses – they can also be claimed as welcome offers and as regular, ongoing promotions.
The benefit of these two casinos is that there are no wagering requirements. You can claim up to 50 free spins, and what you win, you can keep, and withdraw – simple as that.
Free spins work exactly as their name suggests: they’re spins on a slot that you can use for free. Though you don’t pay for them, you can still claim winnings from them.
When free spins are offered as part of any sort of promotional deal, sometimes you can use them on any slot the casino has, but most commonly the offer is restricted to a limited number of select slots. It’s also worth mentioning that most slots also have a free spins bonus round where you can receive a number of free spins, typically by landing three or more scatter symbols – to increase your free play even more.
Apart from bgo and Powerspins, the vast majority of online casinos enforce wagering requirements on these free spins.
4. Loyalty programs
Player loyalty is greatly rewarded at most online casinos thanks to loyalty schemes.
The idea of these is simple: the more you wager and play, the more bonuses, special offers and perks you’ll be entitled to. Loyalty schemes typically have a number of levels and you’re encouraged to work your way up through them, earning better rewards as you go.
Some loyalty schemes just offer players the chance to convert points into cash. Slots Heaven’s loyalty scheme is an example: you an exchange your points for cash bonuses and there are seven in total you can choose from, providing you’re at the required level.
For example, if you’re at the Bronze level and have earned 100 points, you can claim a $/£/€1 bonus; reach the Gold level and you’ll be able to spend 7,500 points to get a $/£/€250 bonus.
Many online casinos offer cashback bonuses as a way of reducing a player’s loss.
They typically work like this: say you bet $100 and lose, while the cashback offer of 20% is in effect.
You would then be credited with 20% of your original wager, i.e. $20, and would then be able to use this as bonus money. You won’t find this particular offer available at as many casinos as match bonuses, though it’s definitely worth taking advantage of when you can.
PlayOjo Casino offers this type of bonus and takes it a step further by offering cashback on every single bet you place no matter what game it’s on. There are no restrictions on how much cashback you can collect or when you can withdraw it, though note that some games have higher cashback payout rates than others.
These are some of the ways you can boost your bankroll at online casinos. Offers like these are always available, so you’re always going to have plenty to choose from. Because some are better than others, it’s worth doing a bit of shopping around so you end up playing at a casino that gives your bankroll its biggest boosts.
Want to try an online casino?
Choose an approved casino from our carefully selected list. VIEW CASINOS