What is a Deposit Bonus at an Online Casino?
How does a bonus work in an online casino?
Online casinos face pressure from each other to attract customers to their site for several reasons. For one, online casinos are easily scalable with a large start up costs but low costs associated with adding new customers. They also operate to worldwide customers and therefore compete against other online casinos located throughout the world. One way they attract customers and retain them is with bonuses.
In online casinos, bonuses work in a few different ways. Deposit bonuses are earned after an individual deposits money into their online casino account and play in a predetermined amount of casino games, which ranges from casino to casino. These deposit bonuses are incentives to play in a specific site and enticed players to sign up for that website.
Alternatively, online casinos also offer bonuses to the player who reaches certain levels of seniority, either through the longevity of playing or though amounts gambled. Usually, the online casino will offer tiers of rewards that are earned, sometimes with lower fees for more senior players or those who play with more volume. These bonuses incentivize players to keep playing on that online casino as opposed to on other sites and protects the online casino from the churn of their players.