Why do online casinos offer bonuses and free spins?
A short and concise answer why online casinos offer bonuses and free spins is quickly found: It’s all about attracting customers as well and as effectively as possible. This concerns both new customers and the retention of existing clients. Especially spins without the requirement of a deposit, so-called free spins on a game that you can trial, are a good marketing tool here. This provides new customers with the opportunity to first look around the casino without any risk and should of course whet their appetite for more. After the free spins, the customer then can decide whether he wants to stay and invest real money, or not. So these are really ingenious trial offers.
There are still free spins that are granted by online casinos without having to make a deposit. That means then, that you can play several rounds on a slot machine completely free of charge. In fact, there is no need to wager money if you have been granted free spins.
Other ways to get free spins are by granting them on top in addition to a deposit bonus. Also, as part of a small birthday present, online casinos occasionally credit you with free spins. In very rare cases, winnings from granted free spins can be paid out immediately, but usually free spins are bound to certain turnover conditions. Then you have to wager the winnings several times to realize a profit.
The way in which free spins are credited varies. If you receive a larger number of free spins as part of a welcome bonus, these are then usually activated in stages. For example, if you receive 200 free spins in addition to the deposit bonus, 50 are often activated directly after the deposit, and the other 150 are then activated on five consecutive days at 30 each. This way, the new customer is naturally tempted to visit the casino every day and then make a deposit and continue playing after the free spins have been played.
These free spins are then mostly tied to a 30-fold (or more, rarely less) turnover before the winnings resulting from the games may be paid out.
In the meantime, the number of online casinos has grown by leaps and bounds. The result is a correspondingly large competition. For this reason, it is not surprising that the casinos outdo each other in terms of bonus offers. Of course, everyone wants to draw attention to themselves.
However, the bonuses are not only aimed at attracting new customers, but they are also constantly trying to keep existing clients happy with really attractive bonus offers.
The name already reveals that this bonus is aimed exclusively at new customers. The new customers receive a welcome gift in the form of a bonus on their first deposited amount. A certain percentage is credited to the new customer on his first amount in the form of a bonus. With this type of bonus, the amount is often limited.
A match bonus can best be compared to a kind of refund amount. The casino will credit the player’s account with the same amount as he has previously deposited. This amount can then be used on certain slots according to the bonus rules.
This type of bonus is unfortunately extremely rare, but all the more popular. This bonus is indeed a very special bonus, because you can get it without any deposit. Basically, such a bonus that you get without any prior deposit has to be wagered many times over before any winnings are paid out.
Of course, there are good reasons why no deposit bonuses are very rare. For the providers, this always means a risk, because here they can indeed lose money if only players drop by here who simply want to play for free. For this reason, a no deposit bonus is also generally only offered once.
The bonus for existing customers is also known as reload bonus. When an existing client makes a deposit, the bonus is credited to his player account. The aim here is to reward existing customers for their loyalty and to encourage them to continue playing with real money.
The turnover conditions regulate how often a certain amount must be wagered. This applies to both the bonus amount itself and the deposited amount. To make this clear, here is a small example:
If a welcome bonus of 100 percent up to 100 euros is granted, then the player has in principle 200 euros available if he uses the bonus in full. Before possible winnings can be paid out, however, the casino’s turnover requirements must be fulfilled, the so-called wagering.
Now there are different modes here. Some online casinos require a 20-fold turnover of only the bonus amount. In this case, the bonus amount of 100 euros would have to be converted 20 times, so with a total of 2000 euros. So it comes to the payout only when you have made 2000 euros to the casino in stakes.
As another common variant, online casinos require that not only the bonus amount, but also the deposit amount must be wagered x times. So in our example 100 deposit + 100 bonus = 200 x 20 = 4,000 euros. Here it must be mentioned that the only 20-fold turnover would be a super offer of a casino. There are also quite some providers who require 50 times the turnover of deposit and bonus amount. However, these are then turnover conditions, where you should deny yourself a deposit with bonus.
Casinos are as popular as never before and a lot of people are playing. Some of the providers may also have other regulations that state that not every game here applies equally in terms of conversion. Usually, the online slots in each casino apply 100%. However, some slots are excluded from the game when playing with bonus money. You have to pay close attention to this in the fine print. In relation to playing roulette and blackjack, the credit towards the required wagering can vary greatly.
There can also be differences in the bonus conditions in terms of time limits. The player is given a certain specification regarding the time frame in which the bonus must be released.
So before you register, you should have a close look at the respective turnover conditions and the licensing so that you get the answers to your questions. You can only claim great bonuses if you have read and understood the conditions carefully. Especially bonus offers that seem particularly attractive at first can turn out to be a flop in retrospect.