TopGambling
How do online casino bonuses work?
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, 26 January 2021 at 3:03 am (1860 Views)
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Free casino bonuses are now an essential marketing tool for online casinos that want to attract new customers and retain their players. There were many bonuses with complicated terms that made it almost impossible for players to win in the past. However, increasing competition and pressure from regulators have improved the situation, and players can now find the [URL="https://www.casinotop10.net/online-casino-bonuses"][U]best casino bonuses[/U][/URL] with fair terms and betting requirements. These bonuses work for the benefit of the players.
[SIZE=4]How do casino bonuses work?[/SIZE]
The bonus is a form of reward given to players when they open a casino account, deposit money, or bet real money. The most common form of bonus is credits, which are credited to your account when you meet certain conditions.
Other forms of bonuses are the so-called free spins or cashback. Bonuses allow you to play more time and give you a second chance if you lose. You can play for a longer period of time, even if you have already lost your original deposit. Although bonus requirements are often restrictive, you can turn your bonus into real money that you can withdraw.
[SIZE=4]Basic types of bonuses[/SIZE]
[B]Deposit Bonus[/B] - You are given bonus points depending on the amount you deposit. Usually, you get 50% or 100% of your deposit, and sometimes you can get 200%, 300%, or even more. The maximum bonus amount usually has a limit. Deposit bonuses usually take the form of promotions such as 150% up. However, you should also pay attention to the other bonus terms, especially the betting requirements and the maximum withdrawal limits, which play an important role.
[B]No Deposit Bonus[/B] - It is popular, especially for players who want to play and win without spending their own money. They are usually given when a player registers and no deposit is required.
[B]Free Spins[/B] - You are not given free money, but you can play free spins on selected popular prepaid slots. Winnings are not credited to your account immediately. You are given bonus points, and in order to convert them into money, you must meet the additional conditions (as is the case with non-deposit bonuses). Only when you meet these conditions can the casino convert the units into real money, which you can then withdraw.
[B]Refund [/B]- The casino returns a percentage of the money you have lost.
[B]Loyalty Program[/B] - All casinos try to retain their top players by offering them special rewards. The benefits of loyalty programs are many and varied. They usually include online stores with products that can be purchased with loyalty points, exclusive games, or player jackpot contests, or vacations abroad. They can also give lower betting requirements for bonuses, higher game limits, and higher withdrawal limits.
[SIZE=4]General bonus conditions[/SIZE]
You can get the bonus and withdraw only when certain conditions are met. You should read the detailed version of the conditions on the casino website carefully. If there’s something which doesn’t seem clear, do not hesitate to contact the casino customer service.
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What to keep in mind when it comes to bonuses[/SIZE]
You should only play in reputable casinos. You can find out about a casino's reputation by searching for, "casino name complaints/complaints" using a search engine, or by searching the casino at askgamblers.com. If you find a lot of justified complaints, do not open an account at this casino, no matter how attractive the bonuses are that it offers.
Most casinos have the following terms and conditions (in various forms): “[I]The casino reserves the right to change, cancel, delete, or refuse to give any bonus at its discretion." [/I]With regard to the regulatory licensing of casinos, [URL="https://en.wikipedia.org/wiki/Online_casino"][U]bonuses[/U][/URL] are given as a gesture of goodwill. That is why these terms and conditions are allowed. Especially if you win a large amount, casinos may try to accuse you of abusing bonuses and canceling your winnings.
If a casino decides not to pay your bonus winnings, there is virtually nothing you can do about it. All you can do is publish what happened and hope that the casino will change its mind to protect its reputation. Carefully read the casino reviews we offer to avoid casinos that often use these terms against players.
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Bonus hunting[/SIZE]
Bonus hunting is the deliberate misuse of bonuses for long-term gain. The golden age of bonus hunting was ten years ago when it was enough to know how to play [URL="https://en.wikipedia.org/wiki/Blackjack"][U]blackjack[/U][/URL]. Players could only win significant amounts from bonuses.
Naturally, casinos try to prevent this kind of abuse of their bonuses, and now bonus hunting is more difficult and involves more risk than before. Bonus hunting in our time revolves mainly around highly variable game strategies. In other words, it can lead you to lose everything or win at least 20 times the bonus amount. It requires a good starting capital, a smart choice of games and strategy, as well as a very good knowledge of the terms and conditions. The main risk is that, on average, you will only win one bonus out of 25, and if the casino refuses to pay the bonus, you will win nothing. Some casinos may refuse even to refund your deposit.