The casino business is very rewarding when done right. With the democratization of the competition, allied to the accessibility of the internet, the competition for online gaming players for casinos has risen exponentially. Anyone with the resources to license games, and get a gambling certificate from a gambling authority can run an online casino. Of course, not all casinos are equal. Yet, for those that exist, the difference between one casino and another could be as simple as a generous bonus, or even a user interface tweak. With that level of uncertainty with regards to retention of customers, the online casinos have come up with ways to reward players. Let us consider the deposit bonus.
Understanding the Bonus
The deposit bonus is awarded to players after they register an account with a casino company, and then fund that account. It is good to have free users, but the business will only run if there are people paying to use the service. Great casinos understand the importance of a paying customer, and will not hesitate to add to that which has been deposited to make for a great way to open a relationship. Most casinos worthy of playing in have good deposit bonus policies, and that could be why they are rated highly. The deposit bonus can be dispensed in either of the following ways.
The Initial Deposit Bonus
The initial deposit bonus is awarded to new players only. This is money that the casino extends only after the new player has deposited money in his or her playing account. You will note that, for many casinos, the initial deposit bonus is a percentage of the deposited amount. Also, this bonus is likely to be the biggest bonus that the casino will ever offer, in terms of a percentage of the deposited amount. The initial deposit amount has an interesting psychological influence on players, and many who fail to recognize that end up wasting the bonus. The initial deposit bonus feels like free money, because…well, it actually is free money. However, that does not mean that its value is diminished, compared to amounts deposited from the player’s pocket. Instead of carelessly staking the bonus amount, a player must think of it as an opportunity for taking on a little more calculated risk, otherwise the bigger reward from the bonus -winning even more – will never materialize.
The Staggered Deposit Bonus
This is another form of the deposit bonus where the casino chooses to stagger the reward over three or more deposit instances. That, for example, means that if the casino offers a deposit for 100%, the player might get 30% on the initial deposit, 40% on the next deposit and 30% on the third deposit. The staggering allows the casino to keep the customer coming back, while also protecting the player from blowing all his or her bonus without a care.
The Reload Deposit Bonus
This reward is offered by the casino to players who are reloading their account. There are players who only load an account once, then that is it. If they lose they never come back. The reload deposit bonus is intended to encourage these players to keep coming back. That allows for them to enjoy their gameplay as well as stand a chance at a winning.
The Payment Option Deposit Bonus
One of the biggest costs that online casinos have to cover is the charges around deposits and withdrawals. There are some casinos that have paid so much money on transaction fees that they decided to seek out agreements with payments portals for the purpose of cutting these costs. One of the ways they have done that is by having a recommended payments and deposits payment partner. The casino benefits from lower charges and the payments gateway benefits from increased volumes of transactions. Now that the casino is already saving money, it makes sense that it would want to encourage players to use those platforms by incentivizing them with a deposit bonus. When you deposit from the accredited and recommended partner, you will quality for a deposit bonus.
The deposit bonus is one that any player must never miss out on. Players, however, need to treat it as real money, because it is real money.