The online casino bonus is one of the
best and most sought after feature of
internet gambling, but one must
understand how the casino bonuses work,
before they take advantage of the free
casino chips. Today you can visit any
internet casino and it will always have
a bonus offer for new customers, often
referred to as a sign up bonus or
welcome bonus. Then there are
other forms of bonuses, those for
existing players, as well as the loyalty
points or comp points, which are yet
another form of casino bonus. We will
look at all three, while focusing on the
sign up bonus and simply noting the
difference between it and the other
forms of bonuses the internet casinos
offer.
So, let's see how the casino bonus
works and at the same time have the
online casino bonus explained. There are
two types of sign up bonuses one can
find at the casinos - the free money
bonus and the percentage bonus.
To some - all bonuses are free money,
but there is a difference. The free
money bonus is exactly what the name
suggests - free money. This bonus used
to be very popular years ago and it's
still popular with the gamblers, but not
so much with the casinos themselves. In
it's essence, the free money bonus is a
certain amount of money the internet
casino gives to the new customer after
they sign up for a player account. It's
usually a small amount of money,
anywhere between $5 and $50, but the big
difference is that the customer could
use this bonus as he or she would use
real money - you can gamble with
the money, you can withdraw your
winnings, etc. Due to the very high
occurrence of fraud with this type of
bonus, nowadays the casinos usually shy
away from offering it. There is still
one that you
can get here.
Now, the most offered sign up
bonus is without a doubt the percentage
bonus. This is basically a match bonus
based on the amount of money the player
deposits when the sign up for a casino
account. While this bonus offer is
advertised by the casinos in money
amounts, i.e. "Get $200 free", the
actual bonus is calculated as a
percentage of the deposit and the dollar
amount (or any other currency)
advertised by the casino is in most
cases the maximum amount of free casino
chips you can get. To take the previous
example, if the online casino is
advertising "$200 free" it often means
that the maximum bonus the play can get
is $200. Now, the bonus itself will be
calculated as a percentage of the first
deposit the new customer makes. It could
be 100% or it could be just 50%. In the
first case, if the customer deposits
$100 - they will get an additional $100
free, but if they deposit $500 - they
will only get $200, since the maximum
free money they can get is $200.
Therefore is very important to take a
look at the promotions page of the
internet casino to see how exactly is
the percentage bonus calculated. If the
casino is advertising "$1,000 free" - it
doesn't mean that you will get $1,000
the minute you sign up with the gambling
website. This type of large bonus is
usually calculated on 100% match to your
deposit, so you have to deposit $1,000
in order to get another $1,000 from the
casino as a welcome bonus. Of course,
there are exceptions, such is the case
with
Lucky Red Casino, where the
customer can get 400% bonus on their
deposits, so if the customer funds their
account with $100, they will start
playing with $500. To summarize about
the casino bonus - remember that it is
always calculated as a percentage of the
deposit, rather than as a set amount of
money.
The welcome bonus is not he only
promotion the online casinos have to
offer to their customers. Existing
players are not excluded when it comes
to receiving free casino chips, although
most internet casinos don't advertise
the bonuses for existing customers all
that much. After all - you are already a
customer so they don't have to advertise
to get you to sign up with them. But
they have to keep you playing at their
casino rather than going to the
competition and this is where the
ongoing bonuses come in. Each online
casino will have different ongoing
bonuses, i.e. bonuses for existing
customers, but they usually consist of
either percentage bonuses based on
deposits, for example "50% bonus for
deposits on Tuesday", or simply free
money given to certain players in
discretion of the management.
Yet another form of ongoing bonus
is the loyalty points or the
comp points. Every good online
casino will have a loyalty program,
which gives back some of the money
gambled to the customer, a form of
cashback if you will. But unlike the
cashback you may get from a credit card
company, the loyalty points are not
based on money lost (i.e. money spent,
as is the case with credit cards), but
on the chips gambled. For instance, if
you made wagers worth $1,000 and the
comp points program gives back 1 point
for ever $10 wagered - you will have
accumulated 100 points, regardless
whether you actually lost the $1,000 or
won some or drew even. Those loyalty
points could later be converted to real
casino chips and you can either withdraw
them or play with them.
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