Whenever you visit a new online casino, the first thing you’ll see is not the game library, but the welcome bonuses it offers to its new players. These bonuses can be of many times, and they are easy to misunderstand if you don’t read the fine print. Today I’d like to analyze this type of online promotion in a bit more depth, perhaps shedding some light on its tricks and secrets.
First things first: no-deposit bonuses
Many casinos give their new players a small sum when they register a new real money account, so they have some funds to start playing with. At the All Slots Online Casino, this sum is $5. While this sounds like “free money”, this is not entirely true. The money the All Slots Casino offers its players as a no-deposit bonus is “bonus money” which can’t be cashed out directly. To transform it in real money, players need to complete a set of requirements – usually these consist of playing through the bonus funds several times, or make a real money deposit. The amount players can cash out from their winnings generated using no-deposit bonuses is usually limited – at the All Slots Casino, it is capped at $100.
Another very common form of bonuses offered by online casinos is a deposit match. This means that the casino will match the players’ deposits in variable proportions, offering them bonus money to play with. The All Slots Casino, for example, offers its new players a welcome package consisting of four deposit bonuses applied to their first four deposits, in proportions between 100% and 50%, worth up to a total of $1,600. These, too, come with terms and requirements that apply to them.
Deposit matches usually come with play-through requirements, that can be completed in different proportions on different games. At the All Slots Casino, players need to play through the bonus amount 40 times before being able to cash it out. Which means that, in case of a $10 bonus, they need to play through $400. This doesn’t mean they need to spend $400, but that they need to play this amount on any of the games at the casino. Read the bonus terms for more information.
For each dollar spent, players are rewarded with loyalty points. Depending on the number of points generated each month, players are ranked, and higher level players get extra benefits in exchange for their loyalty. These benefits usually include cash bonuses, invitations to exclusive tournaments, and sometimes even real world prizes and invitations to exclusive vacations and events. All this on top of the amounts players win at the casino. Loyalty points can often be redeemed in the form of cash bonuses, too.