Over the last few years, it has become very clear that India is emerging as a very profitable market for the global iGaming industry. In order to capture a share of the lucrative market, a number of international casinos have opened their doors to Indians.
Since India is largely an unregulated market when it comes to online casinos, only foreign companies are allowed to operate legal online casinos in the country.
Since there is very little domestic competition, international online casinos are competing against each other to get the largest player base here.
Different Types of Casino Bonuses and How to Pick the Best One
One of the most popular marketing tactics employed by online casinos involves offering bonuses to players on their platform. The value of casino bonuses in India can range from Rs. 10,000 to Rs. 1,00,000 depending on the particular casino.
To make things more complicated, there are several different kinds of bonuses offered by online casinos in India. Given the wide range of offers available and the different types of bonuses offered, players in India can get into a bit of a fix when deciding which one works best for them.
This article aims to shed some light on the types of bonuses offered today with the intention of helping them find the best casino bonus for their needs.
Types of casino bonuses
The most common type of casino bonus offered is in the form of a “Welcome Bonus” where the casino rewards players with a bonus for signing up on their platform. However, it is not the only type of bonus that’s offered. Here are the other types of casino bonus:
No Deposit Bonus
As the name implies, a “no deposit bonus” is a bonus that’s credited to the player without the need to even make a deposit on the platform. Usually, these bonuses do not offer a lot of value as they are just meant to introduce the player to the casino. However, it is the most profitable type of bonus since the player has literally no downside.
Welcome Bonus (and free spins)
As mentioned previously, a “welcome bonus” is offered by an online casino to a new player. However, the welcome bonus is only offered after the player makes a deposit into the platform.
However, since these bonuses are usually matched to the deposit made by the player, they offer significantly more value than “no deposit” bonuses.
Additionally, a lot of welcome bonuses also include “free spins.” Free spins allow the players to get a spin on a slot absolutely free.
Cashback bonuses are not very popular but some casinos like Wildz Casino do offer them. These bonuses are credited based on a certain percentage of the total wagers made by the player regardless of the result of those wagers. Just like credit cards reward you with points for spending, online casinos reward you with cashback as you keep playing.
How to pick the best casino bonus?
It is hard to provide a single answer for all types of casino players. Since every player has different needs and preferences, the best bonus for each player will be different.
However, there are a few core things to keep in mind when it comes to selecting the best casino bonus such as:
Wagering requirements of the bonus
All casinos add wagering requirements to their bonuses. Wagering requirements regulate how much a player has to gamble in order to make their bonus withdrawable as cash.
It can be a good idea to compare the different casinos bonuses offered by online casinos in India and find the ones with the lowest wagering requirement.
How much time the player expects to put in
Casino bonuses are great but only if you put in enough time at the tables and the slots. Players who might play infrequently and casually might actually be better off without availing of any bonus since they will struggle to complete the wagering requirement. However, if the player expects to put in a significant volume, they should pick the biggest bonus they can get.
Lastly, casinos often offer bonuses on just specific games or slots sometimes. For example, it is pretty common for casinos to offer “Live Casino” bonuses that can only be used in the live casino section of the site.
Keeping this in mind, a player should take a look at the different offers and find one that is in-line with their gaming preferences.
No shortage of options!
As the Indian market keeps growing, more companies are looking to make an entry. Hopefully, the market would become regulated in the future, allowing more competition by domestic companies that are currently falling behind.
Regardless, it is clear that Indian players will have a wide range of bonuses to choose from over the coming years which is why it is important for them to know how to pick the best bonuses for them.