The majority of casinos attract new business by offering players an alluring casino bonus. It’s worthwhile knowing how these bonuses work and how they affect you.
WHY DOES A CASINO OFFER A BONUS?
This is the bit it’s easy to understand. By offering bonuses, typically in the form of free chips or money, casinos aim to attract and retain players. In effect, the casino uses the bonus as a type of competitive promotion to woo your patronage. It’s like a retail store offering a free item with a regular purchase.
TYPES OF CASINO BONUSES
Casinos offer two basic kinds of bonuses: first deposit and loyalty bonuses.
As a first deposit bonus, the casino gives you money to thank you for becoming a member. This type of casino bonus is usually paid after you’ve signed up and paid your first balance into your Real Money account. The casino will frequently match whatever you deposit up to some maximum amount, which could be $100, for example. Or your bonus may be a percentage of your deposit up to a specified maximum, such as a free 50 percent of the first $250 you deposit. These figures may differ considerably at various casinos, and individual casinos may periodically alter their bonus offerings.
Casinos strive to keep their current customers by offering a loyalty bonus, which is a type of promotion used by the casino to thank you for your continued patronage. For example, the casino may add an extra 20 percent to the first deposit made in a particular month, or it may add 10 percent or so to however much you deposit during a month.
WHAT’S EXPECTED OF THE PLAYER
In essence, the casino expects you to identify yourself honestly, refrain from cheating, observe the casino rules stipulated in the terms and conditions, and agree to the conditions that apply to cashing in when you win.
It should be understood that you will continue your visit and play for some time if you have accepted a bonus from a casino. There will be a “wager through requirement” – a clause requiring that you must bet a minimum amount of money before you can qualify to receive your bonus. This minimum stake is usually equivalent to some multiple of your initial deposit, or equal to whatever straight bonus you have been granted, or it may be the sum of both these amounts. You’ll generally find details on this “wager through” in the published terms and conditions of the casino. Your minimum total bets may need to be anything from 3 to 20 times the amount of your first deposit. By and large, a bigger bonus means a bigger wager through requirement, but there are many exceptions.
WHAT’S EXPECTED OF THE CASINO
As a player you will expect the game play at the casino to be fair and your winnings to be paid honestly and promptly. This much should be self-evident. But be aware that the nature of the games and payouts may change over a period and you’ll be expected to comply with any corresponding changes in the terms and conditions.
The nature of the games may change if the casino upgrades its software to enhance various features of play or finds it necessary to modify its payout percentages from time to time to keep fair control of the “casino hold”, which is the average profit the casino may be entitled to earn from money paid in by players. Payouts are most likely to change in Slots and Video Poker.
The terms and conditions of a casino are like a contract between you and the casino. They reflect the manner in which the casino undertakes to deliver service to you, the player – so be aware that the casino may need to adjust and tune its bonus and wager through conditions at various times
Most online casinos have discovered the power of bonuses and are using it to woo customers. But are online casino bonuses worth claiming? This article will provide a detailed insight on the legitimacy of online casino bonuses. There are numerous reasons as to why players should not take bonuses seriously.
The wagering requirements in most online casinos are simply outrageous. The first step to conforming to the strange requirements is by claiming a bonus. But when you do, you will encounter a rough ride before you can enjoy the bonus. The best way to avoid such disappointments is by shunning the bonuses. That said, here is a brief explanation of some of the strange wager requirements.
The terms and conditions for gclub bonuses have sneaky rules which introduce rollover amounts for bonuses. For instance, if you claim a 100%bonus of up to $500, you are required to wager 20x the bonus plus your deposit before you are eligible to receive the bonus. Such a requirement certainly makes the claim process not worthwhile considering there will be loses in the course of your wagering.
Apart from the painstaking process, claiming the bonus can prove to be an expensive affair. Why? You will have to deposit lots of money before you can claim the bonus. For example, if you deposited $500 in order to claim the $500 bonus, you will be required to wager a sum of $20,000. However, the rollover ranges from 8% to 10% and in some cases 20% rollover. This will depend on the platform you are using. With such combative requirements, you certainly would not want to waste your time claiming a bonus. Would you?
Meeting the wagering requirements does not guarantee cash out. Most players may think that online casinos are a great way of making a quick buck. Well, casinos are not in the business of dishing out cash. They depend on you to conform to their requirements to keep their engines rolling. The fact that the rules are twisted for you to invest more before you can receive the signal should act as a wake-up call. Another shocking fact is that not all the games count in claiming your bonus, this means that you have to play longer. In the course of your gaming, you are bound to make loses and this makes it tiring.
Imagine playing your favorite game but you do not qualify for bonuses? In most online casinos, playing roulette does not satisfy the wagering requirements. Since roulette is not considered in wagering requirements, you cannot withdraw your winnings. The good news is that you can avoid this hassle. All you need to do is to tell the casino that you are not interested in bonuses. However, ensure you communicate before you have made any deposits. In case you have already deposited, do not play yet until you have relayed your message. There are various ways through which you can communicate with the online casinos. Firstly, you can use the live chat feature available on the casinos interface. You can also call the casino via the numbers of the website. Finally, you can send an email. We strongly recommend speaking to a representative via phone so that you can get your request granted quickly. Once you have been excluded from the bonus, you can now enjoy playing roulette and withdrawing your earnings.
Bonuses are quite cheeky. The requirements on the surface might look appealing but in reality, they have hidden meanings. Owing to the haste with which most players conform to the bonus requirements, they have fallen prey to the online casino operators. Many players have expressed disappointment after having signed up for casino bonuses. One of the main reasons for the upsurge in players falling for the scam is due to the high number of casino operators. It has become difficult to discern between the trustworthy platforms and the quacks.
Players also ought to exercise caution before they sign up in online casinos. It is important to read the terms and conditions to understand what the platform is all about. By understanding the terms, you will be able to make an informed decision on how to approach the platform. The unfortunate bit is that there is no legal action that you can take against the online casino as you have already conformed to their requirements.