What are Casino Bonuses?
Well, they are something that Online Casinos give players as a “Welcome Bonus” to “entice players” or then to reward them for loyalty, as a “Loyalty program”, “VIP Program” or then it can work as a “Cashback”.
On this page, we will explain how they work and what are they really all about. But before we continue to this topic, here is our Casino of the month.
So now that we have your full attention. Let’s make a few things clear, there are quite a few things to take into consideration, but the good thing is that we are going to explain everything to you.
What is a Welcome Offer?
This is a way for an online casino to offer you a warm welcome and to give you something extra to play and explore the casino. Some players use the total bonus or total bet on one or two games, but to be honest, this is not how it has been thought as.
The idea is that you make a deposit of 25$ and then the casino will match that. This is called a Match Bonus or a Deposit Bonus. It can be anything from 100% up to even 400% Welcome bonus.
So now you have 25$ of your own money and then the other 25$ that the online casino gave you as a welcome bonus. You have 50$ to play with. Now the Casinos point here is that you will go and try different slots and different types of games.
So, you can check out the Live Casino Games, Live Games, Table Games, Slots, Keno, Poker, Sic Bo, Lotto, whatever you feel like playing. But the idea is that you take a tour around the casino, let’s say.
Once you then find the game or games you like then you can start playing them and you can try different slot machines until you find your favourite.
Please remember that there is a bit over ten thousand (10.000) different slots and games on the regulated legal market.
Here now then we have to tell you what a wagering requirement is. As that has to do with the Cashback and the Welcome bonus
What is a Loyalty Program?
A Loyalty program is a way for a Casino to reward their loyal players, this is not a VIP program, as that is a different thing. This can be calculated in a few ways.
- By points that you get by making deposits, playing, claiming bonuses and making withdrawals.
- Or simply by wagering certain sums that are then accumulated and every time you claim your bonus or points, they are deducted from your “Bonus balance”
- Or then the casino calculates the bonus given to the player the same way a VIP Cashback or a VIP Bonus would be calculated. The difference is that the Loyalty bonus usually has a wagering requirement, so it is not pure cash, as a VIP bonus would be.
On most casino’s you can either visit the loyalty page or then there is a barometer that will show you your progress and the different levels of the program
What is a VIP Program?
VIP Program and Loyalty Programs and nope…they are not the same thing. VIP Players do have some advantages that players who are in a Loyalty Program do not have, as loyal players are given bonuses and points, but when we are talking about an actual VIP Program, we are talking about hardcore players who can deposit thousands or more.
So, they are treated differently. But this is totally ok, as we do believe that our true VIP´s should be treated with the utmost respect and superior treatment. VIP´s are as stated Very Important Players.
They bring a lot of money to Online Casinos and they are loyal to their brands, unless they are not treated as they should and then they will or might change Casinos, if you are a High Roller you know what we are talking about and you should then click this link HERE. To find your best offers!
But when it comes to VIP´s all casinos are looking for them and we have devoted all our time and energy to make sure that all online casinos with real money gambling that have VIP programs are listed. These casinos put all their effort and time to make sure that their players are treated in the best way possible. They offer trips to happenings, vacations and much more.
What is a Cashback?
This is when the Casino “pays” or gives you back a part of the money that you have played and lost. The cashback is paid to players in a few ways. The most common cashback is on the net loss. But there are also casino’s that have their own formulas, but you can always read more about this when you have registered on the casinos and you can see all the information on the bonuses, cash-backs and so 😊
- On your “Net loss” that means the fiscal money that you have deposited without any bonuses.
- On game play, this is not that common anymore, as before when the actual bets were limited to a lot smaller sums, this was more common, but nowadays when VIP players
The normal way the Cashback is calculated is Deposits ( –withdrawal – bonuses) * 10% – 25% is the Cashback.
Let’s say your deposits are 5,000$ and your withdrawals are 1000$, you have not used any bonuses and you have a 10% Cashback, then the calculation would be the following
Casinos can offer normal players cashback that has wagering requirements that are lower than for normal bonuses.
They are anything from 1x to 20x this means that if you are given a cashback of 100$ and you have a wagering requirement of let’s say 10x, this means that you have been given free money to play with, but the “turnover” or “wagering” is ten (10x) times the bonus if it is 15x or 20x you can see the total calculations here below.
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But for VIP players it is usually either without wagering or then one-time wagering, this has to do with Anti Money Laundering rules, otherwise known as AML rules.
This is to fight money laundering, terrorism and so on. But this depends on the Casino very much.
For example, if a casino states that they do not have wagering requirements, this is true, but the bonus amount and your deposit has to be played ONE time at least before it can be withdrawn.
This has to do with the AML rule that the casino has to obey.