Which Online Casino Bonus Gives You the Best Chance of a Big Cashout?


22 Sep 2020

Updated: 23 Nov 2023

Online casino bonuses are easier to find than ever before these days.

With so many online casino sites out there, it can be difficult for people to know where to start, especially if they are quite new to this type of online gambling.

The various terms and conditions can be extremely confusing for newcomers, but it is vital to understand everything in the small print in order to make educated decisions.

So if you are hoping for a big cashout after opening a new online casino account, which online casino bonus should you go for? Let's take a look at the options out there.

No deposit bonuses

Perhaps the most popular type of online casino bonus right now is the no deposit bonus.

No deposit bonuses do exactly what the name suggests: they are a bonus given out to players who do not even have to make an initial deposit in order to claim them.

While no deposit bonuses do not tend to be the biggest, they offer players a chance to test out a new online casino - or sometimes a new type of game - they have not experienced before.

Players with an affinity for no deposit bonuses should read up on how to maximise their winning potential - be aware that there could be a maximum win attached to this type of deal.

Free spins

Along with no deposit bonuses, free spins are another common perk offered to customers in exchange for signing up to a new online casino.

Free spins are usually restricted to being used on a limited number of slot games, which are usually those an online casino is trying to promote.

The benefit of free spins is it gives casino customers the opportunity to test out a game without having to risk any of their own real money on a spin of the reels.

However, free spins have a lot of terms and conditions included in the deal most of the time. It is often the case that there is a maximum win attached in the small print.

What this means is that even if a player is fortunate enough to scoop a jackpot when using their free spins at the online casino, they are not going to receive the full amount of their winnings.

Deposit match bonuses

Anyone who wants to get the biggest amount of bonus money possible should be considering signing up for an online casino that offers deposit match bonuses.

These vary a great deal across the industry but 100 per cent deposit bonuses are common. What this means is that a deposit of £100 into an online casino would be doubled with an extra £100 of bonus funds added.

Bonus funds from this type of online casino bonus have wagering requirements. The bonus cash handed out by online casinos must be wagered a certain number of times before it becomes unlocked and can therefore be withdrawn as cash from a casino account.

As an example, if a new customer receives £100 in bonus funds and there is a 50x wagering requirement, this means a whopping £5,000 of bets must be placed to unlock the money.

The higher the wagering requirement, the harder it will be to come out on top with this offer.

Loyalty bonuses

Online casinos do not just offer bonuses in a bid to attract new users, they launch promotions to try to keep customers and reward them for their loyalty as well.

Sometimes this happens in the form of a VIP reward scheme, while promotions can include cashback bonuses that give users some money back into their account if they lose cash.

Loyalty bonuses vary a great deal, but typically they get more generous the further a player makes their way through the VIP rewards scheme that is offered by their chosen casino.

Reload bonuses

The last type of online casino bonus we are going to look at here is reload bonuses.

These work in the same way as deposit match bonuses but are offered to existing customers, rather than new users who are signing up for an account for the first time.

Reload bonuses typically have a much lower wagering requirement when compared to deposit match bonuses, which makes it easier to record a big cashout from playing casino games.

All casino bonuses have their own pros and cons, but some are more useful than others.

An Alternative Approach

If you're interested in learning alternative ways to profit from casino offers and bonuses the Matched Betting casino offers could be for you.

Profit Accumulator's sister site, Bonus Accumulator, is dedicated to teaching people how to make money from advantage casino play using a Matched Betting approach and is well worth a visit for anyone interesting in profiting from casino offers and bonuses.