If you are new to online gaming, you will notice the many bonuses offered by almost all casinos. Some new players are put off by good bonuses because they associate them with online scams. But, not all bonuses are designed to scam players. Any new casino will have bonuses to attract players, and existing casinos will have regular bonuses in a bid to develop new business.
Whether it is a free slots no deposit no card details offer, 100 percent matching deposit bonus or free spins bonus, in reality, nothing is offered free. So, what is the catch or how do online casinos make money when they offer cash and game bonuses?
Why Online Casinos Offer Bonuses
Generally, the gaming industry is very competitive. Therefore, casinos must have competitive marketing and promotional tools that entice new players to sign up and existing players to continue betting. In comparison to physical casinos, online casinos incur lower operating costs. Intrinsically, they lack the necessary budget to offer incentives to players. If offered, the incentives are rare and never entirely free. They are governed by specific terms and conditions such as play-through requirements and wagering as well as predetermined deposit requirements. Players must comply with the deposit requirements, terms and conditions in order to claim offers and cash out after playing.
Online Casino Bonuses
No Deposit Bonuses
No deposit bonuses allow players to play without depositing money. However, they offer relatively low amounts like $5 or $10. No deposit bonuses play a major role in marketing new casinos. A player gets to experience the casino’s layout, usability and try out its new games without risking their money. However, you may be required to register your card details to claim the bonus; a measure to reduce bonus abuse and discourage gamblers from registering multiple accounts to claim multiple bonuses. In some cases, you may be required to make a deposit to cash out funds you win with the no deposit offer.
Cashable Match Deposit Bonuses
Cashable match bonuses are the most common among online casinos. As a player, you must make a cash deposit that is in turn matched by the new casino. For instance, most casinos offer a 100 percent bonus to deposits up to $1000. So, if you deposit $100, you receive another $100 free to play with. Cashable match deposits have wagering requirements, bonus amount or cash and bonus amount deposit before withdrawing.
These are bonuses that cannot be cashed out. They are of higher value as compared to other cash bonus offers and are designed to give players more gambling money. So, you enjoy playing with more credits and benefit if you win despite not having an option to cash out the sticky bonus.
New casino bonuses are mainly offered to trigger sign ups and higher user engagement. But casinos feel the need to protect their businesses by imposing wagering requirements, casino game restrictions, terms and conditions when offering cash bonuses. So, it is important to understand all the tricks and hidden agendas before signing up to enjoy a cash bonus.