Bonus System: How Online Casinos Use Wagering Terms to Entice Gamblers
How to utilize different types of bonuses in online casinos and what you need to know about them.
What Are the Types of Bonuses?
There are three main types of welcome bonuses offered by most licensed online casinos providing their services across the world for new gamblers: deposit bonuses, free spins, and no-deposit bonuses.
Deposit bonuses charge the player to pay money to play. As an instance, with a 100% deposit bonus, your game balance is twice that of your initial payment.
Free spins is one of the simplest forms of bonuses that allow players to spin a slot machine a specified number of times. Based on the size of the deposit, players may be awarded varying numbers of free spins for various slots.
Free spins can also be offered as an end-of-game bonus. The majority of online casinos use free spins to get more players interested in their websites because free spins allow people to play immediately after registering on a website.
No-deposit bonus is one method of giving players greater opportunities to play without using any money. It can be free spins, free chips on certain card games, or being able to test the many slot machines in trial mode.
In addition to these rewards, players of online casinos can take advantage of promo codes to start playing with some prize money. Even some of the casinos offer cashback on some bets, allowing players to save money and spend it on subsequent games.
For instance, the Ladbrokes bonus offer can allow new players to enjoy high-value bonuses and free spins as they experiment with different games on the platform.
Wagering Requirements
One of the big requirements for using bonuses is wagering requirements, which ensure the fairness of play.
A "wager" is defined as a sum of money bet or staked. For internet casinos, the requirement of wagering is a requirement of how many times the player must bet the bonus money before he or she can withdraw money from their bonus account.
For example, if the wagering requirement is x20, then a player will have to place 20 times the bonus amount in bets before he can withdraw winnings earned using this bonus.
Why Do Wagering Requirements Exist?
The main reason for wagering requirements is to lure players to sign up and be able to play without using their own money.
This is particularly useful for new players who want to try real gameplay without facing any monetary loss.
Wagering requirements also help to eliminate abuse by "bonus hunters"—people who would register at multiple casinos only to withdraw bonuses with no play. In the past, a number of casinos honored bonus withdrawals with little or no wagering required.
A properly calibrated wagering requirement ensures fair play for both casino and player. When wagering conditions are too severe, players may simply decide not to use the bonus and bet with money.
Types of Bonuses by Category
Welcome Bonus
The welcome bonus is for new players and will likely be your first bonus. To get it, simply sign up and enter a promo code when depositing or sign up via a referral link.
Welcome bonuses vary from casino to casino: they may be a percentage of your first deposit, a fixed bonus amount, free spins, or a prize combination. Sometimes you can choose your preferred bonus.
Referral Bonus
This is a bonus for active players. If your friend registers with your special referral link, you will receive a bonus.
Loyalty Program
Loyalty programs are for active and registered users. The details can differ from the casino, but the basic idea is that the player gets points from playing, and these can be used to claim bonuses or other perks.
Targeted Promotions
Sometimes, casinos or games providers want to promote a specific product or game. To do this, they offer special promotions that award large bonuses if you play specific games.
Loyalty Bonuses
Loyalty rewards reward users for repetitive use. This can be provided in the form of complimentary games or extra money rewards that users can spend on favorite games.
– They encourage regular play
– They contribute to the user's experience with more encouragement