Both online and real-world casinos are known for the many bonuses and perks they offer. Some of them spend a lot of money to lubricate the betting process by offering attractive incentives.
High-rollers enjoy free meals, hotel rooms, and stage shows. And online casinos provide other rewards to VIP gamblers who play for high stakes and remain loyal to the site.
The following information provides a brief history of the rules pertaining to casino bonuses.
A Short History
At the beginning of online gambling, only two casinos were widely available. For this reason, there was little competition, and casino bonuses were unheard of.
Later on, once the industry began to take off and many new casinos emerged, competition became fiercer.
This prompted operators to introduce welcome or sign-up bonuses at their sites with a view to attracting new customers.
Generally, winnings accumulated from bonuses cannot be transferred or withdrawn before the player has met some basic turnover requirements.
If these bonus requirements are met, and they remain active, players will find two separate balances on their accounts.
For instance, if you win $50 with a bonus, your Sportsbook balance will read as zero while your casino balance will contain $50.
Turnover refers to the frequency with which a player bets using bonuses before making withdrawals.
This means that if you intend to gamble with $50 at a turnover rate of *30, you will have to win at least $600 before you can withdraw cash.
These turnover requirements, however, generally differ from one gaming promotion to another.
Casino bonuses have existed since time immemorial. They were introduced by casino operators to attract new customers and maintain the loyalty of existing ones.
These bonuses and their associated rules have helped bookmakers run their businesses despite the stiff competition for which the gaming industry is known.