In the online casino world, there are plenty of types of slots bonuses available. Online gambling sites offer players many different ways to cash in on bonus cash – but some methods are better than others.

Here is a list of our most favourite – and least favourite – casino bonuses and promotions.

Best: No-Deposit Bonus

No deposit bonuses provide online casino players with the chance to obtain actual FREE money from a casino. The money can only be used to wager on games at that particular casino, allowing players to try the site’s games and even win some cash prizes.

These bonuses are usually quite small, but it is certainly worth it to cash in on no-deposit bonuses as much as possible.

Worst: Deposit Bonus/Match Bonus

Deposit bonuses are only available to online casino players who have already deposited money. For example, an online casino that offers up a 50% match bonus will give the player $25 for every $50 that they deposit. This is really only worth it if you have planned to deposit money already.

The only other time we would recommend match bonuses is when the casino offers up a 100% match on any deposit that you make.

Best: Payment Method Bonus

A casino wants to give you an extra 15% for depositing using NETELLER? Great!

Worst: Payment Method Bonus

A casino wants to give you an extra 15% for depositing using a bitcoin-powered banking method that no one has ever heard of? Not so great!

Best: Competitions

Everyone loves a good competition – especially online slots tournaments. In these tournaments, each player pays a small entry fee and are given thousands of play-money credits to spend on a particular game.

For the next few hours, all of the competitors spin the reels rapidly. The player with the most credits at the end of the tournament will win a generous prize.

Worst: Leaderboard Competitions

Leaderboard competitions work in the same way as slots tournaments – but, players are spending their own money. Players receive leaderboard points for every $100 (for example) that they spend on games at the online casino, and the player with the most points at the end of the promotional period wins.

Basically, it is competition that encourages players to try to spend more money than everyone else - which is only really doable for high-rollers.

So, if you are a VIP or high roller player at an online casino, by all means, feel free to take part in the next leaderboard competition. If you're on a budget, however, it might be wise to give it a miss.