Web Casino Online Bonuses and Promotions
Many web casinos online offer different bonuses and promotions to new and established players in order to either entice them to sign up or continue playing in their establishments. The industry has become very competitive and with a huge number of web casinos available, they came up with different marketing strategies in order to earn the commitment from the players. Even though they are basically offering free money, they often get a very good return on this initial "investment" they make on new players.
Before deciding what web casino online to pick, the players should look for the best bonus offerings. There are several types of bonuses offered but let’s concentrate on the most common one – The Entry Bonus.
The entry bonuses are offered to new customers signing up with web casinos online for the first time and making an initial deposit. These types of bonuses work by matching a certain percentage of the deposit. In other words, if the bonus is 50% and the user deposits 100 Euro, the web casino online would ‘give’ the player 50 Euro and the player would have 150 Euro in their account. The catch is that the players normally cannot make any withdrawals until they meet the wagering requirements. For instance, if the requirement is to wager 10 times the amount of bonus given, the player above would have to bet up to 1500 Euro before being allowed to cash out. This is just one of the examples of bonuses offered at web casinos, and is the most commonly used.
There are also many other types of bonuses, such as no deposit bonuses. These are not offered as much any more due to increasing attempts of abuse by players. The two main types would be allowing players, upon registering with web casino online, to play a particular game for free and let them keep the winnings. Or time based free playing where the players can bet for free for a limited time. These types of bonuses are usually reserved for frequent customers and normally have much more stringent wagering requirements.
In general, the more you play at a certain web casino online, they will offer more perks, hoping to keep you as a customer and entice you to come back and play some more. This is where weekly or monthly bonuses come into play, where the players are allowed to claim them only once a week or once a month. Often times web casinos will offer different loyalty reward bonuses as well. These are designed to keep loyal customers happy and are an equivalent to "Comp Cards" in land based casinos, the difference being that instead of free food, shows, or rooms, web casinos offer points that can be exchanged for real money.
There are also banking bonuses, where casinos offer additional bonus percentages for customers using a particular form of payment. For instance, many casinos don't like credit cards due to the fact that more often then not, they have trouble processing the payments. They are also charged a small fee by credit card processors. They much prefer direct bank transfers or any of our recommended payment options, such as NETeller or Click2Pay. When using these options, web casinos don't incur any additional fees, and can offer additional 10 or 20% bonus.
Although bonuses and rewards sound very enticing, it is important to understand the fine print BEFORE signing up and committing with a certain web casino online. It is important to understand that bonuses are not cash that you can withdraw whenever you want. Web casinos have to protect themselves from bonus whoring or bonus bagging, as these bonus abusing tactics are commonly called. A simple example is the requirement that the entry bonus may be claimed only once. Without casinos tracking your IP addresses, bank account numbers and such, there would be no way from preventing a single player to register multiple times and collect entry bonuses each time. Or a more complicated form of bonus abusing would be to calculate the house edge on a certain game, and come up with the expected loss and gain as related to the initial bonus received.
There are however instances where the players are the target of fraudulent behavior on behalf of a rogue web casino online. These unacceptable establishments use different tactics to cheat players, often by changing bonus terms after a player meets the wagering requirements and wishes to withdraw the winnings.
Rest assured that our recommended web casinos DO NOT employ any kind of fraudulent techniques such as the ones described above.
In any case, we can’t stress enough the importance of carefully reading the fine print to understand how different web casino online bonuses work. It is absolutely essential to have a full understanding of the wagering requirements.
After all, you wouldn't want to get your winnings forfeited just because you didn't do some reading and followed the rules, would you?