There are various types of bonuses available at the different online casinos which often lead to misunderstandings, confusion and unnecessary stress if you do not understand what they are. I will try to briefly explain the different types of bonuses to you. Most importantly, you must READ CAREFULLY the term and condition when receiving the bonuses.
No Deposit Bonus
This is the simplest of all the bonuses.All you need to do is register as a real player at the casino offering this bonus, and you will receive the money. You do not have to make a deposit to received it. some time it will be automatically credited to your account and sometime you will need to claim the bonus via email or submission form on their website.
There are usually some limitation on this bonus at different casinos. One of the limitation is the maximum amount of winning you may withdraw using this bonus. Also, some casinos may not have this cap, but would require you to make a token deposit before withdrawing your winning and other will give you a certain time frame, says 7 days, to claim your winning. Make sure you read their terms and conditions and make sure you understand the rule.
This is a bonus you receive when you make a deposit at the casino. They will match your deposit with a certain percentage of your total deposit. For example; A casino offers you a 100% match bonus up to $200. This means that they will give you 100% in free money on any deposit amount you make up to $200. ie. You deposit $100 and you will receive another $100 in bonus money, making your bankroll $200 or you deposit $150, you will get an extra $150 which will then total up to $300. This bonus is usually used for new players who make their very first deposit at an online casino.
Fee Money Bonus
This is a first deposit bonus you will get regardless of the amount you deposit. An example would be if a casino offers you free $80 if you deposit at least $20. That will give you a bankroll of $100 to play with. But if you deposit $50, you still only get $80. Again, this is a mathematics thing. If you compare it to the match bonus of a different casino, you may find that by depositing the $20, you get more for your money. Here it would mean that you get 400%.
So, before you dismiss a casino that offers you a bonus which initially appear to be low, make sure you work out what would mean if you make the minimum deposit required.
This is a bonus that a casino offers you to play with but you cannot withdraw the bonus amount. This basically means that you will receive free money to play with and once you reach the playthrough requirement, you can only withdraw any winnings that are over and above the initial bonus amount. The bonus money will be removed from your account when you make your withdrawal. These casinos are generally very generous with their bonuses because of this reason, so you can end up playing with a really massive bankroll. Some casinos will offer you up to $3000 in bonuses alone. This means that you can play at the games with the maximum coins and bets giving you a far better payout ratio when you hit the big wins.