When it comes to casino gaming, there’s one thing no one can deny: this industry is growing. According to data on the website of consumer and market data research company Statista, the worldwide casino and online gaming sector is worth $263 billion, and there are some 5.6 thousand casinos open worldwide. The ongoing legalisation of gaming activities in some parts of the world and growth in the experience economy have encouraged casinos to expand to new markets.
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The rise of online gaming has also fuelled the growth of the industry. One tactic online casinos use to attract people to their gaming services, and to retain existing players, is the offering of bonuses. Bonuses are also a way of showing gratitude to the player for use the operator’s gaming services. Below is a look at different types of casino bonuses and how players can use them to their best advantage.
Welcome bonus
If you’ve not played at the online casino before, the chances are it will offer you a ‘welcome bonus’, which you might also see advertised as a ‘sign-up bonus’, ‘new player bonus’ or similar.
Casinos reward you with this bonus in different ways. It could be some extra credit added to your stake. It could be some free credit to get you started. In the case of slots, it could be some megways games at a casino such as Bally Casino UK or other operators.
Although you can often test games out for free without even creating an account with the operator, welcome bonuses are a good way to see how an operator’s site works and whether you like their offering. They’re also an opportunity to try new games, see if they’re right for you and not only win some money, but do to so without spending any of your own money.
No deposit bonuses
No deposit bonuses, just like welcome bonuses, give you the opportunity to play and win without spending your own money. Note that often, casinos will restrict the games your no deposit bonus is applicable to. For instance, blackjack has a low house edge, so the casino isn’t likely to let you apply your bonus to the game. Some games may also have high wagering requirements, which might also stop you from using the bonus for certain games.
Payment bonus
Like all businesses, casinos want low costs and large profit margins, but some methods of payment incur higher costs. To encourage you to use a certain method of payment (and keep the casino’s transaction costs down by doing so), online casinos may offer you a payment method bonus. If you use the method of payment relevant in the bonus, they may add a certain percentage of your deposit to your account as a bonus.
Deposit bonus
Online casinos appreciate loyalty. If you add more credit to your account, they may credit extra to it as well as a bonus. A lot of casinos look at your monthly spend and, if you stay active, will add a monthly bonus to your account for your loyalty to them.
The casino may also run a loyalty programme that rewards players with points for their spend. The more you play, the more points you earn. You can then exchange the points for a bonus, free spins or, in some cases, even cash.
VIP or high roller bonus
Naturally, casinos love people who spend lots of money with them, which means they love high rollers and will give them special bonuses for parting with so much money at their casino. A high roller might not be interested in a large bonus, but they will like tickets to a poker game or tournament. Wagering requirements may be lower for them. Upper limits may be higher.
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Using bonuses to your advantage
Bonuses are an excellent way to increase your winnings without spending (more of) your own money. They’re also a chance to try new games and discover which ones you like, again without spending your own money. Here’s how to use them to your advantage:
• Read the small print. Some casinos have limits on how much you can withdraw after depositing money. Others have time limits on the bonus. Read the terms and conditions before accepting any bonus.
• Know what you can win. This is the best way to use your bonus to your best advantage. Some casinos will offer money back on your deposit. Some might offer cashable chips. Make sure you know the wagering requirements of your bonus and whether there are any restrictions on winnings.
If you’re interested in online casino gaming but are feeling a little hesitant about spending money, a bonus can help you get started. Even if you’re not using a bonus, it’s a good idea to learn how different games work and, using demo modes, practice games until you feel more confident. You’ll then enjoy your casino gaming much more and can make the best of your bonus as well.
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