What Types Of Bonuses Are Available To Me?
Online Casinos offer new players several different types of bonuses as an incentive to signup and start gambling. Some casinos offer free poker money, while another may offer a different free no deposit bonus. For a completely list of casinos, and the bonuses offered travel back to our homepage. Free poker money, free poker bankroll, poker signup bonus, poker bonus no deposit – all explained below.
Signup Bonus
The Signup Bonus is a bonus given to new poker players, and is generally a matching bonus. This bonus is designed to double your first deposit by matching whatever amount you deposit. Because this bonus is costly to the online casino there is generally a minimum wager set in place, meaning a set amount must be played before a cashout of the bonus money is allowed. This is to prevent fraud. A limit is set on the amount matched, up to 300 dollars is standard.
Some signup bonuses require No Deposit to claim. These are known as Free Poker Money, or Free Money Deposit Bonus. Generally these bonuses are much smaller because the casino is fully funding your account. The norm is up to 50 dollars, however Titan Poker is running an ongoing free poker money promotion for new players. $150 dollars free poker money with no deposit required – this is the most money ever offered for new players as a no deposit bonus.
Cashable Bonus
Cashable Bonuses are extremely common in the world on online poker and gambling. This bonus can be cashed out after a wager limit is reached. For example an online casino may offer a matching bonus up to $100 dollars with a wagering requirement of 2000. After wagering 2000 the player can cashout the $100 no strings attached. Due to the nature of cashable bonuses they are only allowed to be applied to specific games.
Sticky Bonus
A Sticky Bonus is simple a cashable bonus that cannot be cashed out. When the player makes a withrawl from his account, the sticky bonus is removed from the available withdrawl amount. The benefit of a sticky bonus is the leverage gained: if a player deposits $100 and receives a $100 (100%) match, and then earns 50% gambling (so they now have $300), then cashes out, they have earned $100 on their initial deposit of $100, for a 100% gain: the sticky bonus has doubled their gain.
Cash Back Bonus
Cash back bonuses are given after a player loses money. A portion of the players losses are returned as a bonus. For example if a casino offeres a 25% cash back bonus weekly, a player who lost 100 dollars that week would receive $25 as a cash back bonus. Cash back bonuses are rare, and players who win money are not issued a cash back bonus.
Comp Bonus
Comp Bonuses are well known in physical casinos, however some online casinos offer a comp bonus. Comp bonuses are issued as points, and can be exchanged for poker cash, prizes, or other comps the casino offers. The compensation percentage is usually very small, and would require a player to lose a large amount of money to use any comp points towards a prize of substantial value.
Abusing Free Money Bonuses
Bonus abusers rarely collect their ill-gotten winnings due to the casinos sophisticated tracking software. However some players get away with it. Bonus abuse occurs when a player signs up multiple times under different names to claim multiple signup or free money bonuses. This was more common before better tracking systems were released for deposit bonuses. A prime example of this is the absolute poker scam.