This article tells you how to get the best online casino bonuses. The use of bonuses is a common promotional tactic among online casinos. Originally the use of bonuses was directed at new players. As competition heated up, the use of on-going bonuses has become a key element in most online casino loyalty programs. On-going, monthly and yearly bonus programs are now the norm in addition to the original new player bonus schemes.
A subject that is under-discussed among online players is the importance of paying attention to currency rates while bonus hunting. Online payment providers allow you to convert your funds into any currency at payment. If you do this, you can dramatically increase the limit on the size of the first deposit that is eligible for bonus.
Here is how it works. Let us say you are at an online casino with a hundred and fifty bucks burning a hole in your credit card. You are on an international site that accepts U. S. Players. The site offers a 400 per cent first deposit bonus. It limits the bonus to a top payment of 200 hundred euros or pounds or 100 US dollars. The euro is worth 1.40 dollars, making the top payment for euro denominated deposits worth 2.8 times higher than the top bonus paid out to US dollar denominated first deposits. And when you compare the difference between dollars and pounds, the difference is even more striking.
The first deposit bonus is the best deal you will get from your casino. While monthly bonuses are available at most online gaming sites, none match the bonus you get the first time you sign up at a new casino. Clearly your best bet, pun intended, is to play at many different casino and deposit the maximum amount at each new one.
Some casinos have a miserly 100 per cent signing bonus, but offer good VIP bonus programs. If a player makes the required monthly deposits through the course of a full year, a loyalty program will reward you with up to 5600 dollars in bonuses.
A piddling 10 per cent new player bonus is all some sites offer. But the casinos with low sign up bonuses do tend to have the higher paying monthly bonus system for loyal players, with maximum bonus payouts that can go as high as several thousand dollars annual if fully utilized.
Interesting developments in bonuses are the sites that are introducing on-going loyalty programs with guaranteed monthly bonus amounts up to a maximum, in some cases of 4000 to 5000 dollars per year.