Online casinos are really big on loyalty programmes. Or, excuse me, VIP programmes. I, for one, treasure being referred to as a VIP, and would go to just about any extent to have such a title bestowed upon me. Does it not, after all, grant me permission to walk with a spring in my step, and allow me to wear sunglasses indoors? Yes, I believe it does. [Read more…]
All online casinos place restrictions called Wagering Requirements on bonuses credited to players accounts. Players are required to meet Wagering Requirements in order to cash out any winnings/money accrued using those bonuses. Most players who have spent any time playing in the online gambling sphere know about the presence of Wagering requirements, however significantly less know how these restrictions work.
Why are Wagering Requirements placed on bonuses?
To understand Wagering Requirements, think about going into your favourite coffee shop and ordering a coffee. The clerk behind the counter gives you a purchase card that entitles you to one free coffee, after a certain number of cups of coffee you buy. You purchase your cups of coffee and you eventually have spent enough to be able to drink your free cup of coffee.
Casino bonuses work in much the same way. A player receives a bonus and they are given 30 times Wagering Requirements to be able to cash out their bonus or any winnings/ their free cup of coffee. The bonus is therefore an extension of your purchase, you’re wagering, rather than a separate entity unto itself. Casino bonuses however have a distinct advantage over the coffee purchase card. Players can use their bonuses, which they receive upfront, to play through their Wagering Requirements.
Online casinos give players bonuses for much the same reason as brick and mortar casino give comps; to keep players happy and ensure that they enjoy their time at the casino. In an online casino environment, unlike in a brick and mortar establishment, extending a players playing time is almost always the key to ensuring player satisfaction. In this endeavor bonuses become invaluable.
In part two we will look at the percentage that each game contributes to your Wagering Requirements.