Casino Bonuses Explained

min read
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BetMGM Jul 10, 2023, 2:55 AM

One of the best things about playing online casino games at an online casino is the bonuses that they offer. But, to fully experience these bonuses, you need to understand what they are and how each works. All bonuses have a play-through requirement before you can cash out any winnings. Often players are confused or misunderstand the terms and conditions. 

What is a Casino Bonus?

Essentially, it’s a promotional offer that allows players to earn free spins or money during a casino game. Casino bonuses are also a great way to get more value for your money when you’re gambling. Bonus casino online games can boost your bankroll and increase your free spins when you play online slots

How Do Bonuses At Casinos Work?

If you’ve ever played online casino games, you’ll know that these bonuses come in all shapes and sizes. They are promotional tools that almost all online casinos use to attract new players and keep regular players coming back to their sites.

There are so many enticing casino bonuses out there but you need to be aware of all the requirements that these bonuses come with. They can be extremely rewarding, but you must find the most profitable ones that suit your gameplay and budget. 

Understanding Playthrough and Wager Requirements

These are the specific casino rules that you need to follow to obtain the bonus. This is where most of the confusion happens because the rules can be a bit tricky. Once you understand the fine print, you’ll get to reap the benefits. It’s important to remember that not all games qualify for every bonus, so make sure to read through all the terms and conditions. For example, a welcome bonus offer for new BetMGM Casino accounts can include a $25 casino bonus and a 100% deposit match, up to $1,000. In order to be eligible for the offer, you must be 21 years of age and not have any prior accounts. 

You should also use an online casino bonus calculator to understand the wagering requirements. For example, if you are given a $20 casino bonus with a 10x wagering requirement, you would need to spend $200 on eligible games before you can withdraw any winnings. Knowing what makes a casino bonus good will help you choose which is the right one for you.

How to Qualify for a Casino Bonus

Most casinos will offer you a deposit bonus to encourage you to create an account. The most popular one is the welcome bonus which online casinos use to encourage new players to join. Other bonuses are obtained by meeting certain criteria which the casino explains in its terms and conditions. 

Types of Casino Bonuses

Now that the casino bonuses are explained, let’s take a look at all the types of bonuses available. 

Welcome Bonus

Once new members sign up, they receive a welcome bonus. This type of bonus is used to entice new players, so it’s often the most appealing of all the promotions. Sometimes, casinos will offer a match bonus with its welcome bonuses. With this bonus, the casino will match your deposit amount depending on its set percentage. This would mean that you’re entitled to rewards more than twice the value of your deposit. Of course, it all comes with terms and conditions and the higher the bonus, the stricter these usually are. 

No-Deposit Bonus

The no-deposit bonus is often known as the most difficult type of bonus to cash out. This bonus comes in the form of free spins or a small amount of credit that you obtain without having to commit financially to the site. Yes, the bonus is free but you’ll discover that meeting the cash-out criteria can be difficult. You’ll usually be required to spend at least 30 times the bonus amount in other bets to withdraw from the site.

Free Spins

These are among the most common types of casino bonuses that you’ll find. Both new and old casino members can access them. Casino sites offer bonuses to encourage you to try their popular slot games. Usually, there isn’t a predetermined amount or percentage of money needed to deposit. Depending on the money that you make from these free spins, you’ll need to spend a certain amount of your own money before being able to withdraw.

Loyalty Bonus

You’ll discover that these bonuses are part of the casino’s loyalty programs. Be sure to look up the best VIP programs when you’re looking for an online casino. Many casinos will have special contests for their long-term players. The loyalty bonus is the most beneficial but it’s also the hardest to unlock. You’ll need to be registered and play with an online casino for a period of over a year before you can benefit from the loyalty program, or you’ll be required to wager a certain amount of money first. Of course, not all loyalty bonuses are tied to high-wagering or long-term players. Sometimes you can find a loyalty bonus after playing in a casino for just a few months. 

Refer-a-Friend

The refer-a-friend bonus is a special reward that casinos give to those who have successfully invited a friend to sign up on their site. The more people you recommend, the better the rewards are – credits, free spins or deposit bonuses. Once the friend signs up and meets all the requirements, both of you will receive a bonus.

Get the Best Casino Bonuses at BetMGM

Now that you are familiar with the different bonuses available at casinos, you can check out the best ones, including new casino bonuses, at BetMGM. Register and get marvelous bonuses to play the best casino table games, online blackjack live dealer games, jackpot slots and more.

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Our BetMGM editors and authors are casino experts with a wealth of knowledge of the online casino industry at all levels. Their coverage includes company news, game reviews, how-to instructional articles, strategy guides, and editorials showcasing BetMGM’s superior product and game library.

Our BetMGM editors and authors are casino experts with a wealth of knowledge of the online casino industry at all levels. Their coverage includes company news, game reviews, how-to instructional articles, strategy guides, and editorials showcasing BetMGM’s superior product and game library.