The online casino market is growing at a staggering speed. The first online casinos went online during the mid-90s when the internet and gambling market itself was pretty different. Now, there are thousands of casino sites out there, competing fiercely for every player. That’s why you see many spins on multiple different sites: they offer loads of benefits to attract your attention. How do those offers work, though? Keep reading and find out.
Economics 101 teaches us that there’s no free lunch and if you get something for free, the costs are surely compensated elsewhere. So, there’s no free money in casinos. It doesn’t mean they’re lying to you. It means it’s crucial to understand the terms and conditions of those bonuses so that you can make the best of them.
Here are some of the most popular bonuses you’ll find and how they can benefit you.
As the name suggests, that’s the first promotion you receive while joining a new online casino. Those promotions are designed to be eye-catching to bring in new players. Typically, they include deposit match bonuses, free spins, and credits for live casino games. A bonus package can combine all those benefits into one.
Here’s another quite effective method for attracting new customers. No deposit bonuses are also aimed at new players and come as a kind of welcome offer. Instead of topping your deposit with cash bonuses, no deposit offers a small cash bonus for you to try the casino. The best part is that you don’t need to spend a dime on it: it’s completely risk-free.
Free spins are among the most loved offers, where you can play for free on certain games. Free spins aren’t only for new players, and many platforms offer small promotions involving them. It’s quite an effective way to promote new games, and you’ll find it a standalone welcome offer in some online casinos.
Cashback offers allow you to receive back part of your lost wagers. This offer is quite recurrent, but it’s not available for just any game. Cashback calculations are based on the kind of game you played. Slots are typically included, but table and live games aren’t always a part of it.
Tournaments are widely popular in the online casino industry. It’s not actually a promotion, as you have to fight for your prize. However, rewards can be pretty enticing, keeping players engaged. Those tournaments involve specific games (often slots) with a ranking of the most successful players.
Mind the Requirements
Now that you know that cash isn’t free, it’s time to learn about the strings attached. First of all, check the wagering requirement for every offer you want to adhere to. Sometimes, it can also be called a “rollover requirement.”
This requirement determines how many times a bonus must be risked before you can turn it into real cash. Consider a USD 10 bonus, with a wagering requirement of 5x. It means you’ll have to place USD 50 in bets from the USD 10 you received. Only then you’ll be able to cash it out.
Also, mind the eligibility criteria of every offer. Common conditions include minimum deposits and specific payment methods. For instance, some promotions are only activated with payments made via e-wallets. In this case, if you make your deposit using another method, you won’t receive it. Above all, check the offer’s expiration date so that you don’t waste a penny of it.
Telling the Best from the Rest
There are over 4,000 online casino sites operating today. Browsing for the best options can be time-consuming, but there are unmistakable signs of quality and trustworthiness you should look for.
Never join an unlicensed online casino, as it’s a legal requirement for its operation. Also, casino sites must be transparent about bonuses and withdrawal conditions and provide reliable payment methods.
Additionally, platforms with business awards and independent certifications of quality are preferable. There are certificates attesting to the fairness of RNG systems, best business practices, and independent mediation of disputes between players and the platform.
Transparency and trustworthiness are mandatory features of any online casino worthy of your attention. You can also check for blacklisted brands and why they were blacklisted so that you can avoid them. Playing online casino games is a lot of fun, but it can also become a massive headache if you’re not careful enough about the issues raised here.