It’s common knowledge that casinos, and by that we mean the land-based resorts, give out all sorts of perks to attract and retain customers. From free drinks to room upgrades, the practice has been around for as long as there have been casinos.
It’s also fairly well known that gaming sites tend to hand out bonuses and promotions to new and existing players alike. The iGaming industry, which covers online casino, sports betting, bingo, etc., is incredibly competitive, especially when operators try to penetrate growing markets like India. So, you can understand that operators will try to outmuscle the competition by giving attractive offers.
However, there is also some confusion, a fact that we often see commented upon in player forums. Not only do promotions come with some conditions that can take a little getting used to, but there is also a lot of jargon used within the online gaming community.
Below we are going to offer a brief guide for you to understand those offers, breaking it down into two sections – online casino and sports betting.
In India, you can get a broad idea of the main casino bonuses by checking online www.casino.com/in/. As you can see, the main types are cash bonuses and free spins. But we will also talk about some of the other promotions below:
As you might expect, free spins refer to a selected number of turns on a particular online slot game. In most cases, winnings from the free spins will be restricted until you have fulfilled certain requirements, which is called a wagering requirement. For example, you might have to wager the value of the winnings 30 times before it can be withdrawn as real cash.
Matched Deposit Bonus
You’ll often see this offer when you first sign up to a casino, but some sites might offer it weekly. In short, it’s a boost to your balance based relative to your deposit. So, you might see something like “100% Matched Deposit Bonus up to 10000 Rupees”. So, if you deposited 500 Rupees, you would play with 1000. Again, though, there is usually a wagering requirement attached to the bonus money before it can be withdrawn.
Golden Chips are normally aimed at classic games like roulette and blackjack, and often must be placed in the live online casino. They are normally of higher value than free spins.
Arguably the most fun type of promotion, casino missions centre around unlocking rewards after completing certain criteria. It could be something like, “Play 10 spins on Mega Moolah slot to get a cash bonus”. Usually, the prizes increase in value the more missions you complete.
A lot of casinos have automatic loyalty point schemes, meaning you earn points each time you play. Later, these points can be exchanged for cash, free spins or even gadgets. If you are a high roller, the VIP loyalty schemes can be highly lucrative.
Sports betting sites do not tend to give out bonus cash in the same way as casinos, but the offers can be just as enticing.
An easy concept to understand, a free bet is a token to redeem a cost-free wager on a sporting event. You should know, however, that free bets usually don’t return the initial stake. So, if you were betting on IPL team like the Mumbai Indians at 2/1, the returns for a 100 Rupee stake would be 200 Rupees. If you were placing regular bet, the returns for the same winning wager would be 300 Rupees.
An odds boost, as the name suggests, is a promotional increase of the odds on a given event. So, for example, I might see the odds for Liverpool to win the Premier League at 3/1, as they did last year. With an odds boost promotion, the sports betting site might give 30/1 on that bet as a special offer. You should be aware that there is usually a low max stake limit when the odds are turbo-charged like this.
An accumulator (often shortened to “acca”) is a bet with multiple selections, all of which must be successful for the bet to pay. On occasions, online betting sites will offer acca insurance, meaning your stake will be returned if all but one of the selections win.