Ever-increasing Casino Bonuses
Online casino play and gambling is a huge and ever-growing industry. The competition for loyal and regular players, and members, is evident. In order to attract and retain these valuable visitors, online casinos offer a wide range of bonuses. These may be offered freely, or under certain conditions, as an incentive to becoming a member, making a deposit, being loyal, referring others or just spending time at the casino.
It needs to be understood, however, that the bonus system is fundamentally designed on a win-win basis. Whereas the player gains with some amazing financial benefits, the casino wants to generate turnover too, so there are conditions attached to the bonuses. Clearing these casino bonuses, or meeting the wagering requirements may not be easy, and players need to be aware of any specific casino specifications regarding the use of certain games at the casino within the achievement of the wagering requirements.
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Do the bonuses come with strings attached?
The wagering requirements, also known as rollover requirements, are stipulated by casinos in their membership agreements. Players are required to wager a certain amount of money, to conduct a certain level of gambling turnover in order to be able to withdraw any bonus or its proceeds. There is, however, quite a wide variety of rollover requirement levels, and these are related to the specific bonus offering. There will generally be a certain number of times that a player must play through the combined deposit and bonus amount, creating a level of betting action that needs to be achieved. Once these have been met, however, withdrawals can be made freely.
Not all games give the house the same edge
The games themselves can have an impact on the rollover requirements as certain games may be excluded or have a reduced impact on the requirements. These are the games where the house has a lower advantage and include Blackjack, Video Poker, Baccarat and Craps.
The bonuses themselves are one of two varieties; either cashable or non-cashable. Cashable bonuses can be withdrawn after the rollover requirements are met, whereas non-cashable (sticky) bonuses cannot be withdrawn. These sticky bonuses can be utilised alongside a players’ deposit for betting purposes on any game, and any winnings achieved using the bonus can be freely withdrawn.
The different types of bonus to look out for
There are numerous types of casino bonuses. The first prize when looking for bonuses is the casino cashback bonus. This lucrative bonus pays the player back the cash they have lost in the form of cash or credit. The percentage cashback, and the timeframe involved, varies from casino to casino and can be invaluable in saving a player from total loss and stretching their bankroll. The casino benefits in terms of player retention and attraction.
Another attractive bonus is an exclusive bonus. Here a player receives an exclusive bonus when signing up at a casino after following an exclusive link from a third party site. These exclusive bonuses will generally take the form of match bonuses or no deposit bonuses. No deposit bonuses are relatively common, and are available as exclusive no deposit bonuses or as no deposit free play bonuses. The free play bonus involves a cash advance to players for signing up with a site, or to promote certain games. Perhaps the most lucrative bonuses are offered to high stakes players in the form of high-roller bonuses. These are offered for large deposits made and are characteristically offered by highly reputable branded casinos. The other types of bonus are particular to the casino in question and include weekly and monthly bonuses, reloading bonuses and refer-a-friend bonuses.