With respect to their approach in boosting their retention rate and getting new players, online casino platforms are no different from land-based casinos. Land-based casinos are known to create a buzzy ambience, laced with rainbow neon lights, and other attractions to keep players stuck to the casino house as well as entice newbies. The online world is no different. While online casinos are limited by a virtual presence which does not allow for rainbow neon lights, and other attractions that Land-based casinos are known for, they have come to rely on bonuses as a way if retaining their existing players as well as enticing newbies.
The competition in the casino industry is intense. Online casinos have numerous other online competitors to deal with, not to talk of the quest to attract more traditional players who are used to the brick-and-mortar system to come online. Brick-and-mortar casino places are also trying out numerous techniques to maintain their customer base. This fierce competition has birthed a number of initiatives amongst online casinos platforms.
One of such initiatives is the offering of bonuses. Although different forms of these bonuses exist, they have a singular goal: to entice more players to engage with the platform. The common bonuses include bonus games, no deposit bonuses, free spins and welcome bonus. These bonuses are a remarkable avenue for newbies who are looking to try out online casinos.
Although these bonuses vary by the amount given, they are mostly made up of two parts. The first is a guaranteed amount and the second comes with a variable amount determined by a random number generator. Online casino bonuses come in two basic forms: Traditional bonuses and Non-Traditional bonuses. Traditional bonuses are bonuses that can be cashed out in full after the terms and conditions attached to the bonus has been fulfilled. This means the wagering requirement attached to the bonus must be met before any cash outs can be made. A wagering requirement is a multiplier that determines the amount you would have to bet in order to cash out.
Non-Traditional bonuses are usually accompanied by extra terms that are peculiar to an online casino. Terms are also defined by the kind of bonus. Due to their variance, these bonuses carry different names. As a player, when assessing a gambling situation, it is important that you never get wrapped up on labels. This is because two or more casinos may use the same label for totally different bonuses. However, you should focus your attention in figuring out the underlying concepts of a particular situation, so you would be able to apply the ones that are most appropriate.
Types of Bonuses
- Welcome Bonus: Welcome bonus (also known as sign-up bonus) are the most popular kind of bonus in the online casino world. Welcome bonus allow newbies get a cash reward for signing up on a platform. To find the most appropriate welcome bonus for you, you would need to consider certain factors such as wagering requirements, bonus size, bankroll risk, as well as other considerations before taking a sign-up bonus. Match bonus is the most common sign-up bonus in the online casino world. Match bonus allows players get a bonus equivalent if their first deposit. However, sign-up bonuses are classified into two: cashable welcome bonus and non-cashable welcome bonus. The former allows the player to retain the bonus after they have met wagering requirements. In the latter, players get to retain their winnings but not the bonus. To earn a welcome bonus, all that is required is for a prospective player to sign up on an online casino platform offering such bonus.
- No Deposit Bonus: No-deposit bonus is akin to free money. Casinos give players “free money”, without requesting an initial deposit so they can try out casino games. This amount usually varies depending in the platform, and ranges between $5 and $10. Although players may win huge prices with this deposit, it cannot be instantly withdrawn. Players are required to meet wagering requirements before they can cash out. Wagering requirements for no-deposit bonuses usually rages between x10 and x60. This type of bonus provides the best avenue for testing the waters with any new online casino platform. To maximize the potential of no-deposit bonuses to enhance your chances if earning, you should consider the wagering requirements, maximum payout and the bonus money. Low wagering requirements are usually accompanied by better odds, which makes it possible for you to clear your bonus. You should also give preference to online casinos with higher bonus money, as this also means a higher maximum payout. Finally, before you take up a no-deposit bonus, you should consider the maximum payout limit, as this would determine the amount you can cash-out.
- Free Spin Bonus: Free spin deposits are another type of online casino bonus. There are three basic types of free spin bonus: Free Spin deposit bonus, Deposit free spin bonus, and No deposit free spin bonus. Free spin bonuses are cost free, easy and exciting. To boost your winning prospects with free spin deposits, you should play slot games with low stakes, and use wagering requirements to enhance your income.
Online casino bonuses are available at a number if online platforms. If you are looking to take up all or any if the aforementioned bonuses, then you should play casino.
