Online Casino Bonuses Explained

Over the past decade the number of online casinos has experienced an exponential growth, so today a rookie gamer is free to choose from zillions of online casinos. The rigid competition in online gambling leaves no other option for the business owners to reconsider rewards strategy on a regular basis to conquer new audiences. Below is a list of the most widespread bonuses online casino grant to the newcomers.

Welcome bonus is a reward paid to new players when they join the ranks of online casino gamblers and make the first deposit. Fixed bonus is a kind of welcome bonus, which is equal to the sum of the deposit made for the first time.

No deposit bonus implies granting a free bonus (typically, some amount of virtual currency is granted). This means that the player at least does not need to make a deposit to their casino account and received ‘real money’.

Actually, such bonus is a rare guest in online casinos; moreover, such offer is usually limited to tiny amounts, so that players can taste the real gambling experience.

Redeposit, annual and referral bonuses

Redeposit bonus is granted once the first deposit is made, several gambling sessions are complete and the user is willing to replenish the account by making another deposit. This is where online casinos tend to encourage their returning customers by providing an extra bonus. The percentage of redeposit bonus depends on the particular online casino; however, the amounts may even beat the amount of welcome bonus.

Granting an annual bonus is the way the casino encourages the loyal players through replenishing accounts with extra amounts of credits; in some online casinos online casino bonus accumulated throughout the year. Annual bonus may also be granted for a series of re-deposits (usually starting from 10).

Since virtually any online casino is always interested in attracting new players, the gaming house is always interested in rewarding players who brought friends into the game. Thus, online casino pays a referral in case a referred player makes a deposit and plays for real cash.

The voice from the past: sticky bonuses

Sticky bonus is another rare form of reward granted by online casinos. The essence of the bonus is that it always remains in the account: thus, replenish your account with $100, get a $100 bonus and lose $90 you will only be able to withdraw $10, since the $100 remainder is an irremovable bonus. To date, clean sticky bonuses are almost completely crowded out by phantom bonuses. If a sticky bonus remained in the account after the withdrawal of funds (allowing to play for real cash), the phantom bonus  is debited with the first withdrawal. Although now almost all the irremovable bonuses represent phantom ones, they are still oftentimes called sticky.

Remember that the online casino is not likely to grant bonuses without restrictions. These restrictions are also known as ‘wagering requirements’ and depend on the rules of particular online casino and nature of bonuses. Generally, the higher the bonus, the more rigid the requirements are.

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New Reforms for Online Gaming Proposed

When it comes to online gambling, the United Kingdom is actually in a very good position compared to the United States. While the latter still lags behind in terms of policies, implementation of new regulations, and openness to online gambling itself, the UK has been allowing casinos to operate such with hardly any hitch. In fact, they have also made their services available to other European nations such as Denmark and countries like Australia or Turkey.

New Proposal on Tax

However, some government leaders deem that reforms should be put into effect in order to improve the performance of these casinos as well as its contribution to the country’s economy. These include designing a tax policy for UK-owned gambling companies that are actually operating or based outside the country such as in Malta or several of the Caribbean islands.

A Call for More Openness

Moreover, in one of the recent issues of Echo News, James Duddridge of the Conservative Party was quoted as saying that it is high time for the government to let the various land-based casinos to offer online games to their patrons. Although the United Kingdom has always been receptive to virtual gambling, individuals can play the games at the comforts of their own home and that the operators should be licenced to operate in the country. This means that playing them inside the casino premises is not allowed, even if the person uses his own mobile device like a tablet or a smart phone.

A Safer Choice?

Duddridge believes that, on the contrary, it will be more helpful for individuals to play games inside land-based casinos as they can easily ask for help in any gambling issues. He also considers it a much safer approach to online playing. Nevertheless, a number also think that such setup may rob players two benefits of online gambling: anonymity and convenience.

Gambling may be a tricky game but if you have all the info on the best techniques and strategies of gambling like a true professional then there is absolutely no way you can lose, so read all the information you want to at Germany’s best online casino site and become a gambling master.

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