With more and more online casinos are entering into the industry each day, players are now having an extreme wide variety of platforms to choose from. Having a high-tech platform is not the only pre-requisite to remain competitive, online casinos have also implemented various creative marketing strategies to attract, acquire, retain and reward its new and existing customers. One of the common and effective approaches in achieving this is by offering attractive bonuses.
"It has become the first criteria towards the best available deal that a player will look and aim for prior to deciding on which online casino to join."
No doubt that online casino bonus is advantageous to players; somehow it often comes with a pre-defined terms and conditions that a player has to adhere to upon claiming. Wagering is one of the core playthrough requirements. It requires player to bet a specific turnover or total sum prior being able to turn the bonus into real cash and cash out any winnings; a control measure to minimize exploitation. Therefore, those with lower wagering requirements are definitely the better ones and worth claiming.
Here is the list of most common and popular bonuses that you can easily come across and see in an online casino.
Welcome Bonus
This is the most common and popular type of bonus that you can see and get in most online casino. Online casinos often use this to attract new players for making their first registration and deposit on their platform. In other words, this bonus is only applicable to new players and can be only claimed once.
Welcome bonus is usually based on a pre-defined percentage, such as 100%, 200% or even right up to 500% over the amount that player deposited. Some online casinos even set a specific capping amount on the maximum bonus claimable as a further control measure to ensure such benefits are still within the house advantage.
Deposit Bonus
This is more or less similar to Welcome Bonus and there is no restriction to new players only. All existing active players are eligible to opt and claim for this bonus when they are making a new deposit. Somehow, it is important to take note that Welcome Bonus and Deposit Bonus might share a different set of wagering terms and conditions.
No Deposit Bonus
This is basically the opposite of Deposit Bonus. Players are probably required to perform a task such as signing up on an online casino, filling up a survey, participating on an event or etc, in exchange for the No Deposit Bonus; a form of free cash or gaming credits for them to kick start their play in the online casino.
Free Spin Bonus
This approach is often used by online casino to push out a promotion campaign that engages players to try out and play slot games via free spins. At such, free spin usually is not associated to the wagering requirements. Players just need to reel in accordance to the awarded free spins and claim the winnings as Free Spin Bonus.
Loyalty Bonus
This approach is being used to retain existing customers by rewarding them for being loyal and regularly playing at the online casino. Every online casino tends to have its unique loyalty schemes, which can be varying; such as free spins, higher Deposit Bonus, higher Cashback Bonus percentage, lower wagering requirements, VIP rewards points in exchange for physical products or prizes and so on.
Cashback Bonus
This approach is being used to remedy the damage that a player encountered by returning them a cashback; based on the percentage of their losses over a set period of time, which can be daily, weekly, bi-weekly or monthly basis. Some online casino also sets cashback to be applicable only for certain specific games. The final computed cashback amount in accordance to its pre-defined interval shall be then accrued, returned and reflected in player’s wallet. This is an effective approach as it gives players a sense of satisfaction and good deal for being able to cover a fraction of their losses thus having more game credits to continue playing.
These are the most common types of bonuses that you may find in online casino. There are also bunch of other bonuses and freebies offered by varying online casinos in the market that are distinctively customized to cater its demanding players.
"Therefore, prior to claiming a bonus; with so many attractive options available, it is always important to study and understand the terms and conditions, especially on the withdrawal and wagering requirements in determining your advantage on such deal."
A perfect example of an online casino that fulfills the above mentioned criteria for being a reliable and trustworthy platform, check out SBOBET in i8.Live, who is currently also the Principal Sponsor of Leeds United under the English Premier League. Sign up and play now at i8.Live.
