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First Deposit Bonus — how does it work? In the competitive market that is the casino world, it is required by the companies to acquire new customers, in order to stay relevant.
One of the most common ways casinos do this in the UK is to offer their new players a first deposit bonus. What are wagering requirements and why do they exist?
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You might also need to attach an official form of identification in order to get access to your funds. How does a progressive jackpot in a video slot work?
On most slot machines, the jackpot is a fixed amount. However, there is something called progressive jackpots, which means the jackpot rises as players put coins in and spin.
Every time someone spins the wheels on Mega Fortune, for example, a small sum of that wager adds to the jackpot. This jackpot is shared between all casinos that house that specific jackpot game — not only the ones playing at your casino.
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While gambling websites and forums mostly talk about new player bonuses aka welcome bonuses , existing players do get a wide variety of extra rewards coming their way too.
Getting new players into an online casino is expensive, so each casino has a retention team whose job it is to keep current customers happy.
Most of the time, the casinos keep you happy by offering loyalty bonuses and a VIP-scheme. Mostly these rewards are special deposit bonuses or a chance to exchange your VIP-points into cash.
Besides spins and extra money, casinos often run different deposit lotteries where your deposit can win you something fun. Deposit lotteries are a common sight at online casinos when a new iPhone model comes out.
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Online casino bonuses are the number one reason for complaints players have about gambling sites. Online casinos, on their part, should do a better job of explaining these terms and and conditions, and make sure customers have no chance of misunderstanding them.
Make no mistake: when you play with bonus money, you need to follow specific rules. Make sure you understand the bonus terms before commiting to an online casino bonus.
Wagering requirement tells you how many times you need to wager your bonus before you can cash out. Practically every casino bonus comes with a rollover requirement.
Rollover requirement, also called a wagering requirement or a play-through requirement, dictates how many times you must wager your bonus funds before you can withdraw them.
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It is called a game contribution limit , and it means that some games contribute less than the full bet size towards the wagering requirement.
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It is why we advise playing slots instead of live casino games or video poker with your bonus funds. That gives you the best chances to win casino bonuses.
House edge in slot games is small compared to other casino games you can get online casino bonuses. Disregard other game types such as Scratch Cards, Lightning Box games, and online bingo, video poker, and take you some of that slots magic!
Casino bonuses have a shelf-life longer than fish, but shorter than cheese … that is to say; you only have a limited time to meet clear them. Online casino bonuses are not available forever.
Welcome bonuses are usually only available during your first week as a client of the casino. After you have received your bonus, you have a certain amount of time to reach its playthrough requirement.
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Almost all online casinos let you play with no bonus. Especially experienced online gamblers more often want to play without a bonus.
The reason for not wanting a bonus is easier cash outs: since there's no bonus, there's also no wagering requirements to clear and nothing else to slow down your cashouts.
You don't need to choose any kind of a "no bonus casino" to play without bonus money. Almost all casinos let you forfeit any bonuses. With more welcome bonuses essentially offering players a free trial at the casino, they are able to encourage more players to check out their site and potentially sign up.
The latest trend is to offer more gamification features within an online casino. This means that more sites are offering additional missions, tournaments or other ways for players to get hold of bonus points that can then be exchanged for rewards within the casino.
It's probable that this will grow in the future, giving players more ways of accessing bonuses and even providing players with more choice for which bonus they choose to accept.
At this point you may be thinking it's counterintuitive for casinos to be, essentially, giving away money to players. What's in it for them? Well, casinos are all about getting customers to their sites and keeping them.
By offering you a lucrative welcome bonus, they encourage you to sign up in the first place. With some bonuses awarded over a span of days, they encourage you to return daily to claim it.
In this way, they start to build a habit of logging in to their site. If you're successful with a bonus, those wagering requirements will keep you playing, putting money back into the casino as you hope that you will score a win.
At the end of the day, they're simply hoping you enjoy their platform so much that you will be ready to deposit your own money in order to keep playing.
Despite those pesky wagering requirements, casino bonuses are a great way to get in some experience at a casino or game.
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Yes, it is, as long as you are playing at a casino that's properly licensed and regulated. Bonuses and any information you provide will be protected by the casino's encryption protocols, plus you're often not making a deposit anyway so there's no need to worry about losing money.
There are a number of different bonus types out there, so it is important to select one that will give you the return you're looking for.
That being said, simply getting experience of playing a specific game or at a casino is worth it even if you don't win money.
Wagering requirements are a series of terms and conditions that are attached to a bonus. Players will need to meet these requirements if they intend to withdraw any winnings made from the bonus.
It will include playthrough, the timeframe to use the bonus and a minimum withdrawal amount. Casinos give players bonuses in order to encourage them to sign up to their site.
These bonuses may seem like they are giving away money, but in the end, they will receive more than they give out. Ongoing or loyalty bonuses encourage players to return to the site.
Yes, you can, but it can be a little difficult. Being able to win and withdraw the cash will depend on whether the casino has high wagering requirements in place, whether it's a sticky bonus and even on the minimum withdrawal limits that are set by the site.
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