The Different Types of Free Money Bonuses

Types of Free Money Bonuses

Online casinos offer many different incentives to their players from various free money promotions to matching your deposit. These offers allow you to play for real cash risk-free, or maximize your investment with deposit matches.

No Deposit Free Money Bonuses

Almost every online gambling platform offers rewards for new players that register with them. No deposit promotions do not require you to spend any money to access them, and they are the most popular new player reward. These offers are unlocked via promo code, and come in the following three forms:

  • Free Play: - With this promotion you can bet risk-free for a set time frame. The length of time varies by site, as does the games that are available through the promotion. Depending on the casino you may be able to keep all of the winnings you get from free-play time, or you may have to pay back the amount you bet from your profits (if any).
  • Free Spins: - Like the name suggests, you get a certain number of free spins to play with this promotion. This offer limits your play to slot machines, and usually, the spins can only be used on one particular game.
  • Free Cash: - The casino gifts you a certain amount of cash or credits to bet with this promotion. You are not generally limited to just slot machines unlike with free spins, although the games you can play varies from site to site.

Spend a Little, Get a Lot

Types of Free Money Bonuses

Many gambling sites also offer promotions when you make your first deposit. While free spins or free play can be offered, instead most sites offer a first deposit match. With this promotion, the house matches a percentage of your deposit up to a cut-off point. The percent match can vary from 50% all the way to 400% depending on the website. While free cash offers usually give you anywhere from $10-$100, deposit matches can reach the thousands. These promotions are lower-risk for casinos, which is why some will even offer them on second or third deposits.

Where to Find Free Money Bonuses

As mentioned, most gambling sites offer promotions to new players who register. If you want to browse which casinos have the best rewards, there are multiple different sites that compile the top offers. The best part is you are not restricted to one casino - you can register with as many as you like to get the benefits of their promotions.

For the established player the rewards are fewer and farther between, but some sites will offer loyal players occasional promotions. There are also some promo codes that can be unlocked without registering, and those can be found by searching online as well.

Understanding the Terms

You should always research the terms and conditions associated with each promotion before you accept an offer. Some sites will not allow you to withdraw any winnings earned using those promotions until you make a deposit. Other sites take that one step further and make you bet a specific amount of your own money. Even with these restrictions, you often have the opportunity to win real money on the house.