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ALL YOU NEED TO KNOW ABOUT ONLINE CASINO BONUSES
With the online casino industry growing fast, it is only sensible that online gamblers are given perks that can encourage them to play. Yes, online casinos cannot generate the kind of gaming experience that matches what their elder offline rivals create, but they make up for this by offering lots of perks. That said, online casino bonuses are one of the most important benefits for virtual players. However, many of these players, especially beginners, may find it difficult grasping the bonus concept. This article digs deep to unearth all of the essential information that there is to know about online casino bonuses.
HOW ONLINE CASINO BONUSES WORK
Most online casinos offer bonuses to new players after they make their initial deposit, as an incentive to keep them playing, while generating profit for the casinos. Typically, these first-time bonuses are a percentage match, and they are capped at a certain figure. But how do casinos benefit from bonuses and avoid losses?
Well, there comes a time when a player has to move the bonus money into their real money account. This is the point when the player has to incur some costs. To unlock the bonus, the player must meet the so-called wagering requirements. Here, the player must wager, that is, risk their own cash a certain number of times. The money risked is obviously more than the bonus awarded.
The bonus wagering requirements are usually included in the fine print of the casino, which many players don’t read. Having said that, you don’t need to be scared about the wagering requirements at all. What is essential is to read them before attempting to collect any casino bonuses. If you feel the threshold for unlocking a bonus is too high for you, then you should not take the bonus. After all, no casino will force you to take the bonus as a prerequisite for playing. But if you’re comfortable with the requirements, then adding a bonus to your player account is definitely better than not doing so.
IMPORTANCE OF ONLINE CASINO BONUSES
Casino bonuses are incentives designed to achieve various purposes in the virtual gambling industry. The industry is awash with rivals, and each must compete favorably to survive. As such, these rival casinos strive to put in place strategies in order to appeal to gamblers. Casino bonuses are designed mainly to attract clients so that they keep on gambling on casino platforms, and players can only convert the bonuses into cash once they have won a game. What this means is that bonuses give players more time to play, and the chances to win an increase in play time. Thus, casino bonuses are a strategy for attracting customers to casinos so that more games can be played and more profits generated.
CASINO BONUS TYPES
The list of online casino bonuses is long enough to cause confusion or misunderstanding for both beginners and veterans. However, there are bonus types that are more popular than others. They come in various forms, including both monetary and non-monetary. You need to understand them. They include the following.
When you place money into your online casino account, and the casino matches the amount with a certain percentage, it is called a match bonus. For instance, if you deposit $300 and it is matched by a 100% bonus, it means you will have a total of $600 to wager. The $300 you get on top of your deposit is a match bonus. Typically, a match bonus is used as a welcome package for new players who make an initial deposit after joining a casino.
The only requirement for a no-deposit bonus is registration to a casino site that offers this bonus. As its name implies, you don’t need to make any deposit to earn the bonus. It is either credited to your player account automatically after the sign-up, or you have to request for it via email, depending on the site. Ideal. It is the simplest of all casino bonuses.
This type of bonus cannot be withdrawn; it is only designed for playing. In other words, it is free money to wager, and you will only be allowed to withdraw any winnings above the bonus amount, which will automatically be deducted from your account once you make the withdrawal. This is perhaps what makes casinos to be very generous with this type of bonuses. You will find some of them offering up to $3000.
If you keep on playing at an online casino, you will reach a certain status. To reward your loyalty, the casino may decide to give you what is known as a loyalty bonus. To withdraw this bonus, players are typically required to meet specific requirements, which vary from one casino to another.
Online casino bonuses act as an effective strategy for casinos to entice clients. If you become an online casino player, chances are that you will come across vast bonus offers. No matter the type of bonus you choose to take, knowing the wagering requirements is critical.