How Does Bonus System Work in Online Casinos?
If one is new to online casinos, the one aspect that appeals the most is the lure of bonuses. Most online casinos have myriads of promotions to offer to new customers. Some are even offered without having to make a deposit while others come with an initial deposit amount that a new player needs to do on a site. One of the attractions of these entertainment portals is slots. If you love superhero inspired themes, check out the slot Bruce Lee superhero.
About Signup Bonuses
Among the promotional programs offered at casino sites, the most advertised are the Sign-up offers. These usually come with the following characteristics:
- These are offered to new players only;
- It is provided based on a certain minimum deposit;
- There are wagering terms that remain applicable;
- The welcome promotion can be of a fixed sum, or a certain percentage of the deposit made up to a maximum amount;
- These usually expire within a specific time limit after they are taken up.
The above points are the common characteristic features of welcome programs. In most cases, the wagering terms include using the bonus as well as the deposit for a certain number of times and on specific games. The wagering also needs to be done as per the specified number of times for a player to qualify for a withdrawal. The wagering also needs to be completed within the specified timeline or else the promotional amount is forfeited from the earnings of the customer and is not eligible for withdrawal.
However, the specific promotional offers for new customers do vary from one casino site to another. Hence, it is important to look up the terms of these programs before the player decides to take them up.
Play Only Bonus
This is a promotion that is common in many casino sites. Here the bonus is showcased in a separate account for the customer and is offered for wagering but not for withdrawal. Bets can be placed with this amount, and if a customer wins, the winnings are added to the real balance of the customer whereas the original bet amount is returned to the bonus balance. The wagering terms can vary from 15 to 50x the amount of gambler’s deposit as well as a bonus which need to be fulfilled in a certain timeline before the clearing of the account can be requested for.
This is a rarer category whereby, as soon as deposits are made, bonus money is added automatically to a customer account. This can be a 100% match up bonus, and if you have placed $500 in a customer’s account, your account gets credited with $500 extra. The condition is that the amount has to be cleared as per the wagering terms before the deposit can be withdrawn.
Free Play Bonus
This is another type that is advertised on most sites. This is free money that is often offered to customers even before they sign up for an account on a website. However, there are wagering terms that are applicable; that could be fifty times or more of the amount, and in case customers wish to withdraw, they will also need to make a deposit and open an account.
This is a category of pay that is usually offered to existing customers. As players make concurrent deposits in their accounts, these can avail of such offers. These offers help players to deposit and continue to play, but the withdrawal of the same is subject to wagering terms as well.
Weekly or Seasonal Offers
These are the promotions that are designed to keep customers interested in the happenings on the site. Many weekly offers are based on a specific software developer or can be gender specific as well, such as ladies’ special days and so forth. Seasonal offers are festive or community-specific schemes that are designed keeping in mind the player base and popular festivities or holidays such as Christmas, Thanksgiving, Chinese New Year and so forth.
There are promotional codes that are offered for specific game categories and titles. Also, when you click on different games, there will be certain bonus features as part of the software. These help customers to decide on the amount they wish to wager on these; it also entices players to wager more when the promotions are lucrative. With wins through software specific features, customers can boost their earnings in their accounts.
Though bonuses are an intrinsic part of most online casinos, it is necessary to keep in mind the wagering terms. Such offers help to increase the budget the player wishes to wager on different titles and afford more winning opportunities.