The online casino industry is probably one of the most competitive online with literally hundreds of casinos vying for not only Google search listings but also your attention, time and patronage which of course also means your money!
For this purpose, online casinos offer a variety of bonuses from welcome bonuses when you sign up to regular bonus offerings to keep you playing. Each comes with their own terms and conditions which should always be reviewed before you claim your casino bonus.
Here we look at the various types of casino bonuses and whether or not it is worthwhile taking advantage of these.
These bonuses are allocated to new players at an online casino and are used to welcome you and encourage you to play for real money in the hope that you will enjoy yourself and become a loyal patron at the casino.
These bonuses, whether no deposit or match bonuses are definitely worth taking advantage of as there is no risk to you as a player and you will be able to test the variety of games on offer without losing your own money. Basically, welcome or sign up bonuses are casino money and so the casino takes a loss in awarding these, although this is of course offset by those who stay and play.
In order to encourage player loyalty online casinos offer match deposit bonuses from time to time. The frequency and values of these offers are determined by your deposits and obviously the more you spend at the casino, the more money they offer you to keep playing and spending. Some online casinos are so determined to retain good players that they will offer as much as 200% and 500% in match bonuses to do so.
As with any loyalty based offering and similar to frequent flyer miles, the more you wager at an online casino, the more points and credits they will be willing to award you with. Although these offers are governed by specific rules, terms and conditions and specify how and when you are allowed to use this "free money" when gambling, so always make sure you check on these to avoid penalties for misuse and to ensure that your favourite games are eligible.
Weekly and monthly bonus offerings are promoted in order to encourage the frequency of player visits to online casinos. In general, players are offered a designated number of bonus or loyalty points or credits to play with at a specified time of the week or month.
These are only offered for a limited period so you have to ensure that you redeem these in order to benefit from them and so the casino gains regular repeat players and business.
Again, offers vary from one casino to another and whether it is worth claiming these types of bonuses really comes down to whether or not the terms and conditions are acceptable to you and eligibility of your favourite games is included, if not then it can be best to skip these.
With changes in banking and government regulations regarding online casinos and their associated funds, some online casinos experience issues when it comes to collecting funds from credit card companies. As such these casinos have created banking bonus programs in order to encourage and reward players who make use of third party processors when playing online.
Payment methods including Moneybookers, Click2Pay and Neteller are often listed as preferred payment methods because these companies assist the casino in limiting liability for non-payment on credit cards. In order to thank you for using these methods, casinos will offer you an added match bonus or credits to play with. These are however capped at a certain level which ensures that you will be rewarded but also that these rewards will not affect the casino's profit margin too much.
Always ensure that you check on the fees charged by third party processors before using them and accepting these bonuses because if their fees are too high, the banking bonus that you receive from the casino may not be worth it after all.
As the name says, when you refer a friend who signs up and plays for real money at the casino you will receive a bonus. In general, you will receive casino credits which are deposited into your player account once your friend's activities have been verified.
Bonus amounts differ from one casino to another and can range from $20 to $100 per referral which is far less than the casino would spend on marketing to obtain a new player.
Like all bonuses, terms and conditions apply to these bonuses and usually state that your friend cannot be an existing member at the casino and sometimes at casinos within a group. Also, always ensure that you check the deposit requirements before referring your friend to ensure that it is mutually beneficial.
As you can see there is much to consider before accepting a bonus, so always read the terms and conditions and be aware of the actual versus the perceived payoff of these offers in order to avoid disappointment.