With competition increasing in the online casino gaming industry, betting sites are finding new ways to attract players. The main tactic being online casino promotions that you get the moment you sign up as a new member.
Keeping current members interested is also of importance because nothing stops them from moving on to another casino and claiming a new sign up bonus. Therefore, the most effective way to promote and encourage retention is for online casino promotions to be ongoing. Before you rush into play real money slots NZ, read this first. We’ll explain how and when to get the best benefits from the most common bonus offers.
Casino Promotions – Structures
Casino promotions and reward systems are a vital part of every casino’s marketing strategy. Let’s have a look at the basic structure of a stand reward program. As a player, you are not obligated to accept any incentives from the casino. Before you ask, “why would you not want to accept a promotional offer?”. Here’s why, some casinos offer wildly generous bonuses, however a look at their terms and conditions will tell you when it’s too good to be true.
Most casinos don’t give out bonuses or welcome rewards without a strict set of rules or requirements.
How Wagering Requirements Work
When you want to withdraw bonus money from an online casino you will be required to complete the wagering requirement first. The terms of this are always included in the terms when you accept a promotional offer.
The wagering requirement is typically an amount of money you need to bet before you can withdraw winnings acquired with bonus money. These wagers usually exceed the bonus bum by a certain multiple. For instance, 10X means you’ll need to wager ten times as much as the bonus money before you can withdraw.
Another thing to pay attention to is which games contribute to the wagering requirement. Most of the time all slots are included, but certain table games will not be. Additionally, some table games will contribute only a certain percent of your wagers toward the requirement.
In short, always go over the terms before getting too excited about a large bonus. In some cases, it’s better to go with a casino that gives a smaller bonus but has a lower wagering requirement.
Is It Worth It to Accept Bonus Offers?
Not all offers are worth pursuing. If you are a frequent player that will easily pass the wagering requirement, then of course it’s worth it to accept the bonus offer. If not, then it might not be for you.
You will often find casino promotions that include free spins. Or that consist entirely of free spins. In these cases, they are almost always worth it. At best you won’t need to make a deposit first and you’ll get a chance to try out the website.
In short, bonus programs can be beneficial to frequent players as long as they understand what it entails.