When it comes to attracting new customers, casino owners know how to do it. With exuberant discounts and welcome packages, the players are left hypnotized in the world of online gambling. Like the number of casinos, there are innumerable options when it comes to selecting the type of bonus that casinos offer. Some of the different types are:
This type is offered by casino on sign-up. When new players initially deposit they are offered a part of benefit in form of account top up. The players are also offered money if they come for subsequent play. Many casinos set high wagering requirements and minimum wager amount to ensure that players do not abandon the casino after withdrawing the compensatory amount. Some of the restrictions include restriction on certain games such as limiting the new players from playing low-edge games and risk-free games.
No Deposit Bonuses
This is the most popular amongst the online players. This type is usually given in a non-cash form and is mainly used by casinos to attract new players. No deposit bonuses usually do not require any initial deposit from the players and is usually provided on new releases of the casino.
Known as “phantom” or “sticky” bonus, this kind of compensation cannot be cashed out. The players account is topped up but he cannot withdraw this amount. A phantom bonus is differentiated from sticky bonus on the basis of cash-out time. While withdrawing cash from the account, the bonus amount disappears, hence the name phantom. Whereas the sticky one ‘sticks’ to the owners account until you have depleted it while playing games.
Comp points are points gained while playing casino games and later can be exchanged for cash and other prizes and offers. A casino usually, offers comp points on the basis of wagering amount amount and the game selection.
A casino usually offers a returning amount of 0.3% of wagers on slots and 0.1% of wagers on blackjack. For example, a casino might offer three comp points for each $10 bet placed on slots and one comp point for each $10 bet placed on blackjack. You can also offers such as tickets to online tournaments, special events, extra-bonuses, payback and souvenirs on the basis of comp points.
Also known as Bonus Bagging, Bonus Hunting, is an advantage gambling and is usually made use of by professional gamblers. For instance, when the house edge offered in blackjack is approximately around 0.5%, a player will be offered a $100 cashable top-up that requires $5000 in betting on blackjack with the expected loss of $25.
Welcome Bonuses are offered by casino to the new players who have just joined the gaming community. Most of the casino offers these in form of no-cash bonus but rules vary and these can be offered in any amount and instalments.
Monthly Match Bonus
If you are a regular player and see yourself visiting the casino often, then the monthly match is made for you. With a monthly match, you are guaranteed an amount on a monthly basis. This can either be paid in cash or as a credit top up in your account.
Free Spin Bonus
If you are a novice player, you will be able to gain experience and make up for the lost expertise through this feature. The free spin bonus offers the player with a limited number of free sessions that can be utilized within a time period. With a free spin, you get to experiment with as many games as offered and gain an idea about the mechanism of game. Some casinos place a restriction on the deposited amount of money and the winnings that can be withdrawn.
Although alluring, most of the offers that casinos offer come with strings attached and therefore should be critically analysed and evaluated when selecting one. The objective of casino offerings is to offer you the best playing odds while minimizing the risk and most of the casinos do succeed in offering you better odds. However, you should remain vigilant and carefully consider various factors while selecting a casino bonus and placing a bet for real money.