The world of online casinos is also colorful when it comes to bonuses. What bonuses are available at virtual gambling temples, what are the payment terms and what should players consider? Here we show you the points to consider.
Main types of bonuses
The most famous and popular bonus in online casinos is the welcome bonus. Operators use it to attract new customers. It is impressive above all for its high value, which in some providers is four figures. LeoVegas' new €2,500 customer bonus is known throughout the industry.
But high rollers tend to make up a small percentage of online casino players. Even casual players, low-rollers, want to be happy. For them, a No Deposit Bonus, a no deposit bonus, has been created. It's so attractive because it has no strings attached. The values are in a manageable range, such as ten euros or 20 free spins.
Regular customers should also be kept on board, so bonuses are also created for them. The reload bonus is specific to regular customers. The conditions are identical to the new customer bonus, only the amounts are slightly smaller.
The VIP bonus, on the other hand, is linked to the promotion system. The promotion system is designed to reward players for their bets. As the number of wagers increases, the players move up in the ranking in this system. The number of perks increases with each level, as does the value of the rewards. Steady visitors can thus count on big rewards such as a car, a cruise or a trip to some of the world's most exclusive casinos, such as Las Vegas, Monte Carlo, Singapore and Macau.
Cashback bonuses are relatively new. They correspond to a new system of shopping rewards, in which shoppers receive a portion of the price directly, rather than loyalty points. This development is similar to that of games. Here, customers can expect to automatically receive a smaller amount, such as ten percent, for each bet.
Terms and conditions for using the bonus
The welcome bonus is primarily intended for high rollers, as the terms and conditions of its wagering are steep. The key word is the terms and conditions, which in many cases can only be found in the fine print. The welcome bonus has to do with wagering and wagering conditions. The wagering terms stipulate a certain number of mandatory wagers. The welcome bonus can only be used once the number is reached. An example should make this standard clear:
If an online casino advertises a welcome bonus of €1000, a wager of €200 and a wagering requirement of 30 rounds, this has the following practical implications: The welcome bonus is activated for new customers if they play 30 rounds of €200 in a game. use and thus a total of €6,000. Sometimes a percentage is given instead of the welcome bonus amount, e.g. 200 percent for a mandatory wager of €100. Here the welcome bonus is exactly 200 euros.
Wagering process
Every casino game consists of a process and a result. One of man's psychological traps is a cognitive bias in evaluating games solely based on the result and ignoring the process. In hindsight, we tend to approve of an ultimately successful decision, even if, according to the rules of probability theory, another option would have been preferable. However, because gambling is based on probability, not performance, you must analyze the process, not the outcome, in order to make the right decision about the game and bonuses.
Bonuses for certain games
Sometimes bonuses only apply to certain games, so it's also important to read the fine print here. We're talking about a high bonus that only applies to online slots but not to table games. This is because the RTP in table games is usually much higher than in slots. While slots have a return value of around 96 percent, this value reaches 99.87 percent in Blackjack Switch. Other online casinos only pay out bonuses for table games at a certain rate, such as 50 percent. These terms and conditions can also be found in the fine print.
Bonus for using a certain payment method
Sometimes online casinos offer small gifts for certain promotions that benefit the casino. A typical example is a referral bonus for a friend you have attracted to the casino. To avoid abuse, simply registering for this bonus is usually not enough, and the promotional bonus is tied to other conditions, such as a certain number of bets.
Other minor bonuses include the use of a specific payment method preferred by a particular provider. Here, too, a win-win situation ultimately emerges. The operator gets the leverage to control player behavior, and the player gets his reward.
Using the Bonus Calculator
The casino offers many bonuses. The player constantly comes across relevant offers. Due to a large number of perks, players can calculate the income received from the bonuses. This is where the "Bonus Calculator" comes into play. The tool can be used to add up earnings over a reasonable period of time with longer periods, such as whole years. The player can use this data to manage their bankroll. What is meant is a method of gambling safety so that even in the event of the most unfavorable events, there is always enough money left over to finance life.
What bonus hunters look for in online casinos
Bonuses are an extra way to win money at an online casino. But some players want more than just the occasional gratification of the bonus offered. They place a correspondingly high value on the perks and practice regular casino hopping to get one big welcome bonus after another. In this way, they manage to increase their RTP in games considerably. Bonus hunters who systematically work with this lever should pay attention to the correspondingly high RTP value and compare the games in which they claim the bonus.
If the RTP value in a game without a bonus is already temptingly close to 100 percent, then that mark can perhaps even be pushed slightly into positive territory. Strictly speaking, casino operators suffer losses with this bonus, but they make up for losses in other games with a lower RTP quota. In the long run, they hope to benefit from the promotional effect. Systematically finding these gaps, and discovering and exploiting them can be rewarding and, according to the probability calculation, represent an opportunity for ongoing income. Because the laws of mathematics can be used to estimate the odds in online casinos.
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Eleena Timmons