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Not a member of our community yet?
There's no simple answer for this question.
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Interview: Why do online casinos have bonuses?
It may sound counterproductive for casinos to offer bonuses that increase the players' chance of winning.
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Why do casinos offer bonuses?
JB: "The casino landscape is an sloth halloween costume dmv worker competitive industry and welcome bonuses are used to give customers the opportunity to trial a casino with less risk and more funds usually to try the site 2020 slotsmillion no deposit bonus they commit to it.
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The UK's 'Point of Consumption' POC tax means that the casino must pay tax on all wagers even if they are free for the customer, so a 100% bonus can effectively double read article tax the casino must pay.
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All of that is in the assumption that the player loses, if they win of course the cost to the casino is greater still!
JB: "Exclusive offers allow our affiliates to differentiate from their competitors so we often see different results whether that be positive or negative based on the offer itself.
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Overall we get more volume but the ROI will vary significantly.
JB: "Bonus abuse for us is a spectrum and not something we can define in a few words.
All bonuses are designed to give genuine players an improved chance to test the site and ultimately win, however we always look for individuals or groups of players who are attempting to take advantage of the site or our genuine players in whichever way, shape or form that may take.
As a UK GC regulated company, we have a responsibility to protect our customers, whether that be in terms of responsible gaming or abuse from third parties.
JB: "This comes with experience.
Every bonus is open to abuse no matter how thought through it is, so we continuously monitor current bonuses and use learnings from previous bonuses to help guide this process.
JB: "MrQ is only available in the UK currently but from a general industry perspective each market is regulated differently, with different tax percentages and different ways tax should be paid etc, which is a fundamental reason the difference you often see in different markets.
Unregulated markets and less rigid gambling licenses are often associated with higher, more frequent bonuses which is a result of there being less pressure on the operator to act in a fair, responsible and ethical manner.
Do these changes show only in the related markets or overall?
JB: "Again, MrQ is not available in Sweden but speaking generally, operators find it incredibly difficult to retain players as players move from one casino to the next 300 deposit bonus slots by bonuses they don't have access to if they stay put.
In the UK, bonusing is more flexible, but the UK POC tax puts more pressure on the casino to limit their bonuses and find more innovative ways to retain players.
While regulation tightens and constricts operators, the need to innovate and evolve has never been so important.
What about the no deposit bonus?
JB: "The wonderful thing about MrQ is that 100% of our players meet our wagering requirements and they all get their winning in cash!
The same applies for our no-deposit bonus, whereby customers get spins for verifying their mobile number.
Everything won by a player at is paid as cash and free to withdraw.
FAQ How do online casino bonuses work?
Bonuses are a great way to familiarise yourself with the casino.
They enable you to try out slots and other games with a bigger gaming bankroll.
However, casinos don't want to hand out free cash to everyone who comes asking.
All casino bonuses have terms and conditions you should read thoroughly.
What are casino bonus wagering requirements?
You want to convert your casino bonus balance into withdrawable cash.
This happens by meeting the wagering requirements.
This is explained more thoroughly in our.
In addition, we have listed and.
What is a deposit bonus?
Deposit match bonuses give you a certain percentage of your deposit sum as bonus money.
If you win with your original deposit, you won't need the casino bonus.
If luck is not on your side, the bonus is there as a safety net.
Many use bonus codes to unlock casino bonuses to players.
When a new UK casino reviewed on Bojoko features a first deposit or no deposit bonus code, this info is displayed on the listing page.
In addition, you can see the bonus codes on our curated casino lists.
How do casino bonus codes work?
On Bojoko, you can find the bonus code in the.
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The best value casino bonuses can usually be found in the new player casino bonus package, i.
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Get new casino welcome bonuses when you deposit.
Are there welcome bonuses for highrollers?
Highroller is a person who likes to deposit big and play with huge bets.
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Your first deposit usually gives you 300 deposit bonus slots biggest bonus sum and the highest bonus percentage.
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Insurance bonuses are deposit bonuses that need to be unlocked by contacting the support.
If you lose your deposit, the insurance bonus kicks in and gives you a second chance at the games.
Insurance promotions usually come with a and a maximum conversion.
What is a no deposit bonus?
No deposit casino bonuses are given to new players when they first create an account.
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What are free spins?
Free spins are free slot rounds to try out the game and the casino.
You can find more info on our.
What is a slot bonus?
Any type of bonus that can be used to can be labelled as a.
The overwhelming majority of casino bonuses falls into this category.
What is a cashback bonus?
Cashback bonuses are a percentage of the net losses that is given back to the player.
EXAMPLE: A casino offers a 5% cashback bonus.
You play through your initial deposit of £100 without winning anything.
The casino gives you £5 5% of £100 as a cashback bonus.
However, cashbacks are usually given as wager-free cash.
You can find cashback bonuses on our.
What are forfeitable casino bonuses?
In the old days, UK casinos could get away with great-sounding bonuses that weren't good for the player.
The old bonus rules bundled your real money balance and bonus money together.
The were usually impossible to meet.
If you took a non-forfeitable bonus, playing and winning with real money became irrelevant.
Starting 31st October 2018, all UK casino bonuses have to be forfeitable bonuses.
You can forfeit your casino bonus and withdraw your real money deposit and winnings any time you want.
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A sticky bonus is the exact opposite of the forfeitable bonus.
In a sticky bonus, the wagering requirement is usually low and the bonus percentage high.
So far so good.
However, the initial bonus sum is deducted from your balance when you withdraw our winnings.
The sticky bonus itself can never be withdrawn.
A sticky bonus isn't usually a good deal for the player.
In recent years, sticky bonuses have disappeared from the.
Some also use casino points in their.
Some casinos give out casino currency with the first deposit.
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What are birthday bonuses?
If your big day is coming up, you may be entitled to some free spins or other rewards.
What are referral offers?
Some sites offer a referral bonus to players who invite their friends to create an account and deposit.
From the casinos' point of view, some banking methods are more beneficial than others.
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However, casinos also offer additional bonuses for people using the preferred banking methods.
The bonus percentages aren't big, but they're sometimes added on top of your standard deposit bonus.
Banking method bonuses aren't as common as they were a couple of years ago.
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What are social media promotions?
Some established casinos actively promote their sites on different social media platforms.
By following your favourite casinos' social media accounts, you might be able to grab some extra goodies.
Lauri has worked in online gambling for over 3 years reviewing hundreds of online casinos, bonuses and games.
Lauri has a masters degree in history from the University of Tampere.
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Joonas has been in the gaming business for over 10 years.
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