Crack the code Online casino bonuses explained for 2023

If you’re new to the world of casino gaming, it might be a bit of a dizzying experience getting up to speed with all the casino bonuses available online. While many land-based casinos offer bonuses and promotions to their customers, the online range trumps almost all the land-based promotions you can find.

This is why the digital casino industry has emerged from the corners of the gaming world to become the most significant sector by far. In addition, digital casinos have a lot more flexibility when providing specific promotional codes and welcome bonuses because they have utilized the benefits of the internet to their maximum capacity.

Today, we will explore what these different casino bonuses mean and how to maximize the amount you use by taking full advantage and understanding the range of online offers. You may come across other offers online, but the ones we’re going to explore today make up the vast majority of casino bonuses you will come across.

Welcome bonus

We may as well start with the basics; a welcome bonus involves receiving a range of welcome offers once you sign up with your chosen casino. A welcome bonus can take many forms; one of the most common ways you can receive your welcome bonus is via free spins, but there are also in-game tokens that you can use that will usually allow you to bet on other casino games, such as poker, roulette or blackjack.

As with any bonus, their purpose is to get you to play your chosen game with that specific provider. Some providers will have details in the small print that dictate that you cannot withdraw your funds as cash or you must play an exceptional number of games before you can withdraw it as a fixed amount.

We recommend checking out the terms of these offers so you don’t find yourself stuck in a merry-go-round of in-game tokens, even after you win.

Payment method bonus

The digital casino industry has managed to leap over its competitors due to the significant convenience it has brought to the sector. For instance, if you were to go to a land-based casino, they would accept many of the same payment methods as a digital casino, but they primarily deal with cash and credit cards.

If you’re looking for a trusted PaySafeCard casino site, a crypto casino or a gambling operator that allows you to use PayPal, these are all exclusively online. So, in addition to the traditional payment systems you can use, there are far more choices at online casinos.

A payment method bonus involves a provider offering a specific promotion depending on the type of payment method you select. Generally speaking, payment method bonuses are a far less popular type of bonus.

For example, there aren’t many credit card payment method bonuses due to how popular and convenient the payment method is. However, some casinos will offer a specific bonus for PayPal or PaySafeCard.

Usually, payment method bonuses are provided to encourage users to utilize that method; if the casino operator has recently opened up that line of payment, they want to ensure that it is worth the fee they’re paying, so a payment method bonus will be a good way of raising awareness that they accept these types of transactions, so you will be rewarded if you choose to deposit using this method.

Deposit bonus

This is probably the most common type of bonus you will come across if you play casino games online. A deposit bonus is when a provider matches or adds to your initial deposit. Depending on your chosen casino provider, they could extend this to your first three deposits.

Of course, the amounts can vary, but in general, a deposit match casino bonus works as follows:

  • You make your initial deposit, and the operator will match it, often with a cash bonus, and sometimes with free spins.
  • On your second deposit of $100, it is again matched with in-play tokens or cash.
  • On your third deposit of $50, the operator will again match the deposit.

For this particular type of deposit bonus, matches are made to all of your first three deposits, anywhere up to $200. The deposit match percentages can vary as can the maximum eligible deposit amount.

With such an enormous amount of profit in the sector, deposit bonuses can result in players choosing one operator over another, which can result in a fairly decent amount of profit, even over a short period.

No deposit bonus

If you’re looking to place a bet but would prefer not to use your cash, a no-deposit bonus is what you’re looking for. Unfortunately, these bonuses tend to be more rigid, so you often gamble using in-play tokens or the bonus will be paid out via other site-only benefits such as free spins. However, it’s hardly the worst reward if you haven’t deposited any money.

Operators will utilize this bonus so that you can get used to the layout of their site, how the games work and what they have to offer. In addition, it is easier to attract potential customers with a no-deposit bonus as they don’t have to spend any of their own money. If somebody likes the design of the website and the range of games available, they will choose that service to place their bets or play moving forward.

It is a good idea to check out other company fundamentals, such as online reviews and the level of security and encryption they use to prevent data breaches. However, there are other factors to consider, as finding a website with a look and feel you feel comfortable with is also a key component.

VIP/high-roller bonuses

High roller bonuses are usually off-limits for the vast majority of gamblers. High rollers financially operate within the top 1% of society and enjoy playing casino games. They often have specific tables where they play independently with their dealer, receiving a highly personalized service.

VIP and high-roller bonuses are considered the best in the business.

They will often involve hundreds, and sometimes thousands of dollars’ worth of free bets, exclusive offers, exclusive tournament entries and other benefits which aren’t available to the vast majority of customers.

To qualify for these bonuses, you will often have to stake six figures every month, and VIP players will often lose millions of dollars over several years. So, while the VIP bonus might look fantastic on paper, once you zoom out and look at the bigger picture, it might not be as remarkable as it seems.

Referral bonuses

Finally, we have referral bonuses. These are the most straightforward to explain. Usually, a casino provider will give you a code you can pass on to your friends and family. If they activate this code by depositing funds, the deposit will be matched, and you will both receive a bonus. This amount can differ, but usually, the operator will match anything below $50.