xmen11
|
Understanding casino bonusesUnderstanding casino bonuses
Casinos entice their customers with new bonuses in the form of free chips or money, in the hope of attracting and retaining new customers. It is therefore imperative that you understand the different kinds of bonuses.
Typically casinos offer two basic kinds of bonuses: first deposit and loyalty bonuses.
A first deposit bonus is paid after the customer has signed up and paid his first balance in to the Real Money Account and is more like an acknowledgement for becoming a member. The casino will usually match whatever you deposit up to some maximum amount or it could be a percentage of your deposit up to a specified maximum. Loyalty bonus is a type of promotion used by the casino to thank you for your continued patronage and is given as an incentive for continued patronage.
In return the casino expects the player to play honestly without cheating, observe rules, terms and conditions of the casino. There is an implicit understanding that if the bonus is given to you, you will continue to patronize them. There will also be a "wager through requirement" - a clause requiring that you must bet a minimum amount of money before you can qualify to receive your bonus. This minimum stake is usually equivalent to some multiple of your initial deposit or equal to whatever straight bonus you have been granted. It could also be the sum of both these amounts. These details are published in the terms and conditions of the casino. Your minimum total bets may need to be anything from 3 to 20 times the amount of your first deposit. Typically, a bigger bonus means a bigger wager through requirement but there are many exceptions.
As a player you will expect the game play at the casino to be fair and your winnings to be paid honestly and promptly. The nature of the games and payouts may change over a period and you'll be expected to comply with any corresponding changes in the terms and conditions. This happens when the casino upgrades its software to enhance various features of play or when it needs to modify its payout percentages to ensure that the casino is making a fair amount of money. Payouts are most likely to change in Slots and Video Poker.
The terms and conditions of a casino are like a contract between the player and the casino. They spell out clearly what is required and expected from the casino as well as the player. Pleading ignorance of the rules will not win you any advantage. In any dispute, the casino will expect the player to comply with the spirit and probably the letter of this agreement.
|
