Online casinos offer bonuses to encourage players to play with them. To make the most of your money, you should understand what online casino bonuses are and how they work.

One of the ways they do this is with bonuses. There are several different types of bonuses, and they all work slightly differently. Here are some of the most common types of casino bonuses.

Welcome Bonus

A welcome bonus works to entice new players to a site. When someone signs up, they will get a certain amount of free credit to play with. Usually, it’s about $100, but it can vary by site. If a site is offering a substantially larger amount for a welcome bonus, then often it actually turns out to be $100 or another figure for free each month, as opposed to the large advertised amount.

Percentage Bonus

A percentage bonus is one where the online casino will grant the player a certain amount of credit based on a percentage of what they deposit. This bonus can run anywhere between 50% to up to 500%.

Reload Bonus

To encourage players to reload their account with more money, casinos will offer a bonus for reloading. Oftentimes this bonus works similarly to a welcome bonus. They will give a credit of approximately $100 to replenish the amount on the player’s account.

No Deposit Bonus

This type of bonus is awarded even if a player does not make a deposit into their account. It is usually provided when the account is initially opened, and are for smaller amounts. The casinos want to give people a chance to play, with the belief that they will then enjoy it so much that they will continue by depositing money into their account.

Preferred Deposit Bonus

Some online casinos have a certain deposit method that they prefer a player uses. If you use that method, they will provide you a bonus of a certain amount. This one can be misleading at times. For instance, if they say the bonus is 25% up to $5000, then it means you get $5000 only if you deposit $20,000.

Loyalty Bonus

If a player has been using an online casino for a long time, then they may qualify for certain loyalty bonuses. Often a casino will call them VIPs or High Rollers or some other descriptor, and provide milestones to reach to achieve the bonus.

If you are looking for online casinos to play, make sure you understand the bonus system so you can be strategic with your choices.