Online gambling is one of the fastest-growing industries. Technological developments in mobile devices, reliable internet connectivity, and secure online payment platforms have made web-based casinos more popular than their brick-and-mortar counterparts. As with any growing industry, the choices facing new players can be overwhelming. With most (if not all) online casinos offering a welcome bonus, the nature of this bonus can be a good way to determine the best casino in the market.
Online casinos have always offered bonuses to entice new users. In the beginning, it was to attract users who were used to the ‘traditional casino experience. As online gambling became mainstream, bonuses are a strategy to attract and retain players in an increasingly competitive environment. Welcome bonuses are offers that apply to new users. Growth can only be achieved with an increasing user base, which is why most casinos have some form of welcome bonus. Welcome bonuses can be broadly grouped into two categories: deposit bonuses and non-deposit bonuses.
Deposit bonuses are a type of welcome bonus that new users can access when they deposit funds into their casino account. This is the most popular type of welcome bonus as online casinos want to incentivize new players to deposit funds. In most cases, a deposit bonus is applied as a percentage of the deposited amount. So, if a casino offers a 50% deposit bonus and one deposits $100, they will get an additional $50 bonus amount that will be credited to their account. Determining the best deposit bonus requires an analysis of the bonus terms. Key features include:
The best bonus for a player depends on their specific circumstances and online gambling style. If they want to give a casino a try before committing funds, then they should look out for non-deposit bonuses. More casual players may be less interested in deposit bonus limits as they don’t plan on depositing high figures.