When you choose an online casino to play at, one of the most important factors you should consider is the quality of bonuses and promotions the casino offers. In this article I will explain the terminology casinos use, so you can make a better choice next time you sit to play.
Casino Bonuses – what is the truth behind it?
There is a lot of competition in the online gambling market today. Each day, new casinos form, old ones regroup and change owners, and the supply is nearly endless.
When a player is looking to choose in which casino to play, he (or she), has many different factors to consider:
- Do I like the look of the casino?
- Does it have the games I’m interested in?
- Do I know anything about the Casino?
- Did someone recommend it to me?
- Does the customer support efficient and offers around the clock help?
- But most importantly I ask myself – what’s in it for me? What do THEY offer me to play at their casino of all places?
This is where the Bonuses come into play.
You will not find anywhere online a casino that does not offer some sort of bonus.
Some offer first time deposit bonuses, some offer loyalty bonuses, some offer 2nd and 3rd deposit bonuses and some have invented all sort of tricks and treats in order to attract the player to their casino.
We will now try to make a little order in the ever growing world of casino bonuses, and try to explain what they mean.
First deposit bonus:
This is a bonus a player can collect only once, when making the first deposit. Usually it is the biggest bonus he casino offers, and you can find places offering bonuses of up to 1000$.
In order to claim the bonus, you have to deposit a specified amount, usually close to the bonus amount (or sometimes even more), and play with a certain amount of money before you are allowed to cash out.
The standard is between 4 times and 12 times the amount of the bonus or combined bonus + deposit. (For example – if you deposited 100$ and received 100$, you will have to wager at least 800$ (4X(100$+100$)) in order to cash out. This means you can put the 200$ on the roulette, win, put another 400$, win, and now you have played the due 800$ and you can cash out.
Read the fine print in the term & conditions for each offer, there you will see what is the amount needed, and if there are games banned from the bonus play.
Second, Third etc. deposit bonus:
Same rules apply here – but every player can enjoy the bonus – even an old timer at the casino, provided it is their 2nd or 3rd deposit. (or more –depending on the casino).
Some casinos will give you a bonus for the first deposit of each month.
Same rules apply here – read the T&C.
Players club or Comp points:
Most casinos will reward players with credit for money spent, and allow them to receive money back for a predetermined amount of points. Read each casinos rules concerning the exchange.
Some places will let you use the points you earn to get merchandize or enter special private tournaments.
Bonus when using different depositing methods:
If you are using services like NETeller or Citadel or any of the sort, some casinos will offer you extra 10 or 15% bonus. This is in order to advance new methods, and reduce the dependency on credit cards.
Your loses back or extra winnings:
This is a bonus that is rarer than the others, but it allows you to get some of your loses back (usually about 10% back), and if you are a winner, the casino adds to your winnings (usually about 1%).
Most casinos will have some sort of VIP program, allowing veteran players and high rollers to each more Comp points, have better exchange rates, play in private games and more.
These are the most common bonuses today. Some times a casino will add something special, a little extra, a promotion for a special occasion (Christmas, Halloween, etc.), and details on each one you can always read in the home page of each casino.