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Why Online Casinos Offer Various Bonus Offers?

Very tempting bait

Online casino bonuses have proved one of the biggest draws for players. Advertising online bonuses is a marketing tool, and is used to attract new players essentially. But all is not what it seems. There are many aspects of these online bonuses being offered, that need to be checked out carefully.

What do casino bonuses offer ?

A new player is expected to invest a minimum amount to be eligible for such a bonus. Such minimum investment, forms part of the amount promised as the bonus. Some wagering offers require the player to place bets equivalent to 20 times the bonus amount. So if you decide to invest say $300, and then add on the deposit amount of $ 300, your investment is $600. If this amount is multiplied by the ’20 times’ requirement of the casino, it would mean you would need to invest an amount of $12000. So if you read the fine print carefully, you can avoid getting caught in such bonus offers.

Types of bonuses offered

Not all bonuses are given out in cash form. There are non-cashable bonuses, where the bonus amount becomes a part of the player’s investment amount. These bonuses are known as phantom or sticky bonuses. The player cannot claim these bonuses in cash. They form part of his basic investment. The sticky bonus remains till the play’s total account is wiped out. In the case of the phantom bonus, it is included when the player cashes out. Bonuses are being literally given away by casinos. Hence the casinos ensure they maintain an edge on the system. By ensuring the player needs to make a sufficiently high investment, in the end, his bonus expectations might come to naught. Casinos also place a time limit as to how much time a player has, to earn a bonus. So depending on how much time you can devote to online gambling, you will be able to decide whether the bonus allotted time will be beneficial for you.

Are there legal recourses to online casino cheating ?

Cheating can be in the form of refusal to pay withdrawals. Or in the form of rigged software. Casinos have also been known to change the bonus terms after the player has completed the investment procedure. Many casinos have been found guilty, and are known as rogue casinos. Even in respect of software used, some casino operators have been found to manipulate the odds. Offering big casino bonuses with strings attached, is another way of tricking the players. To help potential players avoid being sucked into such bogus schemes, gambling portals keep a list of rogue casinos. However, it should be kept in mind
that there is no official body to take action against such rogue casinos. Another interesting aspect, is that not only casinos, but players too are liable of committing fraud. If a player opens multiple accounts, and as a result claims several sign-up bonuses, such a player is guilty of fraud.