The online gambling industry, according to a report compiled by KPMG, was set to increase from $21 billion in 2008 to 30 billion in 2012. It is considered a high growth industry and there is a lot of competition in this market. Casinos need to thus look for ways to attract new customers and this works to your advantage, if you understand how it works.
There are generally two types of bonus codes for new clients – a matching casino bonus code or a no deposit bonus code – as an incentive. In the first instance, the casino will match the amount that a new client initially deposits into their gambling account – these bonuses are intended to weed out those who are trying to make a quick buck. In the second instance, the client does not need to put in any money of their own upfront.
How it Works
With a matching bonus, you put your initial deposit in and the casino then matches or betters that amount by adding money to your gambling account.
With a no deposit bonus, the casino adds money to your gambling account to get your started – you do not have to add to it.
This money can then be used to place bets and play online. In some instances, clients are given credit to play a specific game or slot machine only.
The rules regarding these bonuses will vary from site to site and from time to time. These deals are restricted to new accounts only – returning players will not qualify. Each casino will also have its own rules about how many times you have to wager with the money before cashing in and whether or not the bonus amount can be cashed in or not. According to Wikipedia, there are two types of bonuses – Cashable and Non-cashable bonuses.
With the cashable bonus, you are allowed to withdraw the bonus in addition to any winnings earned, after the basic conditions in terms of betting have been met.
In this case, the bonus amount is deducted from any winnings when you cash out.
Making the Most of Bonuses
The terms and conditions for these bonuses can be quite restrictive so it is important to properly understand what these terms are. You need to take the time to carefully read the terms so that you know exactly what they are getting into.
How to Get a Bonus
As mentioned above, you need to be a new client in order to qualify. If you know the name of a particular casino, you can look for their site directly. They will usually advertise these bonuses quite prominently on the landing page.
There are also a number of sites that review the bonuses offered by the casinos and keep an updated list of what the bonuses are and links to the actual casinos in question. This can be quite useful if you are short of time – you can choose from a number of options on one site – or if you have not got a particular casino in mind.