Casino Bonus

Welcome to ILMAX ONLINE GAMING.

We know that many of you want to know more about casino bonuses and its different types before you part with your money and sign up with an online casino, and so, in anticipation of your needs, we have gathered only the relevant information to give you what you want, which are listed below.

What are Casino Bonuses?

Casino bonuses are an online casino’s way of enticing players into signing up with them and depositing their money.  Since there are a large number of online casinos in the Internet, the competition to get a huge share of the market is very stiff, so these online casinos vying for a fair number of players offer casino bonuses to attract new players, keep their existing members playing, and entice them to encourage their friends into signing up with them.

It is a fact that online casinos offer far more better casino bonuses than brick-and-mortar ones because it costs them less money for maintenance, and these include employees’ salaries, building maintenance, utilities, advertisements, et cetera.  What they saved in money, they give back to their players.

So, what are the different types of casino bonuses that you will see online?

The No-Deposit Bonus

When the online casinos first started, they met a lot of skeptics, so they initially offered the no-deposit bonuses wherein a player only has to register and start playing and winning at their games.  With the fact that players do not have to deposit any money, this became the most abused form of casino bonus.  Nowadays, if a casino offers a no-deposit bonus, you can only claim your winnings when you have wagered a certain amount and have made the minimum deposit.  The requirements, too, to claim your bonus is stricter than ever to prevent players from abusing them.

The Match-Up Bonus

In the no-deposit bonus, the free money that players can use comes from the online casinos’ own pockets, so they are more at risk of losing money, but with the signup bonus or the match-up bonus, the online casinos are at a lesser risk of losing money. In fact, it is now the most common form of casino bonus that is being offered by online casinos.  Let us say that you deposit $100, then the online casino matches your deposit and gives you $100 free money to play.  Now, there are a lot of ways for you to claim your free money.  It can be deposited in full into your account, or the casino can give you the bonus in increments.  Furthermore, the percentage of the match-up bonus differs.  There are casinos that give only a 50% match-up bonus, while some give 100% to 200% match-up bonuses.  With match-up bonuses this huge, you should also expect steeper wagering requirements to be able to claim the bonus.

The Reload Bonus

Of course, if your account is low on poker funds, you can simply reload your account.  Now, there are casinos that offer reload bonuses, but the amount of this bonus is lower than that of the first deposit or signup bonus.  This form of casino bonus is only available for the online casino’s existing members.

The Weekly and Monthly Bonus

Again, this kind of bonuses is only available for the members of an online casino.  This can be given on a weekly or a monthly basis, and some of the online casinos give weekly and monthly bonuses depending upon the amount deposited by the player or the amount of bets you have placed.  You have to know though that some casinos do not offer this kind of bonus.

The Cashback Bonus

This is, by far, the most uncommon form of casino bonus wherein the player receives back a percentage of their losses made over a certain period of time.  The percentage and the duration vary from one online casino to another.  A bonus this may be, but this is one form of bonus that you do not want to get because it means that you have to lose much in order to receive a bigger cashback bonus.

The Rakeback Bonus

This is almost the same as the cashback bonus, but this time, you get to receive back some of the money you have placed on the rake.  There are online casinos that give 25% rakeback bonus, while some offer as high as 100%.  Again, not all online casinos offer this type of bonus, and it is also quite rare.

The Banking Bonus

This is simply a kind of casino bonus where you get to receive some extra cash if you use the online casino’s preferred banking method.  You have to know that the amount of the banking bonus differs per online casino.

The Refer a Friend Bonus

This is also a common form of casino bonus where you get some money deposited into your account when you refer a friend.  There are casinos that offer you a percentage of what your friend initially deposited, a set amount, or a tier method.  Whatever way the casino offers its refer a friend bonus, it still remains that it is a fun way to earn extra cash.

The Comp Points

In this type of casino bonus, you get to earn a certain number of comp points when you have wagered a certain amount of bets.  These points can then be converted into cash or other forms of freebies like a gift or a voucher, so the more you play and bet, the more comp points you earn.

The Loyalty Rewards Bonus

If you are a member of an online casino and are constantly playing and winning in their games, you get to reap more benefits like becoming a member of its VIP lounge where you will be given more privileges like being placed at the top of their priority list when you have questions or having your own personal manager service you when you have any problems during your games.

There is also the loyalty rewards bonus which works the same as the comp points.  Here, you also receive points each and every time you placed a bet.  You can also cash it in or redeem it for items like a hotel reservation in Las Vegas.

Other Bonuses

There are online casinos that also offer special casino bonuses like birthday bonuses where you get to receive a gift or extra credits deposited into your account on your birthday.  There is also the high roller bonus where you get a bigger bonus if you deposit a bigger amount and place bigger bets.  Finally, there’s also a kind of bonus where you get to win a seat at a major tournament if you win in one of the online casino’s many tournaments.

With these many types of casino bonuses, you should always bear in mind to read the fine print thoroughly before you sign up and make your deposit.