Online gambling market competition is increasing every year. That’s why the operators are forced to invent more sophisticated customers involving methods. One of the latest trends was bonuses, deposits and wagers interconnection appliance.
The customers involving methods came down to unlimited bar services or booking chic hotel rooms, during the land-based gambling institutions dominance. The latter, however, for the most part was practiced in relation to super-profitable clients, which are commonly called high rollers. Online segment market competition dictates completely different working conditions. It’s worth mentioning that rather often the operators race results in multiple consumers’ winnings. One of the modern customers involving methods is welcome or other bonuses and loyalty programs provision. The concept spread over time and the most convenient opportunities to apply encouragement became the most important. So, there emerged certain interconnection between deposits, bonuses and wagers.
However, first you need to disassemble the system’s elements into components. Let’s start with deposits.
A deposit in a virtual casino or on a bookmaker’s website is the funds, the client credits to his account and then use to make bets. There are several common ways to make a deposit. It should also be noted there are more methods, than opportunities to withdraw winnings. Operators, providing simple and fast withdrawal methods, are often more popular.
Whether it is safe to make a deposit and share your financial data with a gambling institution? This question is asked by lots of users. From the risks’ point of view, funds replenishment through a deposit is correctly compared with the ordinary purchase on the Internet. It’s worth mentioning we analyzed licensed operators, operating legally.
«As a rule, users are provided with several ways to replenish the deposit. One of the most common is replenishment through debit or credit cards. The second method in some states is currently prohibited, for example in UK. An equally convenient way is to make transactions through electronic wallets. The deposit replenishment way while using the prepayment option is rarer. The current method is good for those customers, who do not want to disclose their financial data. One common option is to buy vouchers for cash or while using bank cards. The value, indicated on the voucher, may be subsequently used to replenish the deposit. For example, Ukash vouchers purchase is widespread in the UK. You may buy them at any retail store».
The funds depositing rules may significantly vary depending on the conditions, put forward by the gambling organizer.
Deposit and bonus: interconnection
Bonus refers to additional funds, provided to users by gambling institutions. There are lots of different bonuses types. The most common of them are free of charge or deposit-free, starting, reload (provided to regular players at certain intervals), VIP or individual.
«Free bonuses are awarded mainly for registration and do not require prior account replenishment. However, the relationship between the bonus and the deposit can be traced even in such a case. The fact is that making a deposit may be required at the funds withdrawal date. Welcome bonuses are awarded to new users after making the first deposit, as a rule. The current promotion type feature is that it has a percentage expression and a maximum threshold. Accepting the gambling institution’s conditions, it is required to look through the bonus funds provision terms and particular operator wager conditions».
Based on the foregoing, it’s possible to conclude that the interconnection between the bonus system and the deposit is persistent and works in two directions. So, a deposit may be required to fully benefit of the bonus features. The account replenishment fact may become the bonus payment reason.
Wagering refers to conditions, required for bonus funds wagering or withdrawing. As a rule, we are talking about a coefficient, whose value determines the ratio of how many times the bets volume should exceed the bonus funds amount.
«According to illustrative example, the wager rule may look like this: if the bonus size, provided to the client, is 100 units and the specified wager is ×10, the player will be able to withdraw funds once total bets amount will reach 1000 units».
The bonus programs are both a challenge and a market demand, ignoring which means losing potential customers. But the game organizers are trying to establish the requirements, expressed by the wager, bonuses and deposit interconnection, which would provide the most acceptable conditions for them. Therefore, the user should be extremely attentive to the withdrawal rules, applicable in a particular gambling institution, when accepting bonus funds.