Online casinos are in rage these days. There are multiple casinos to choose from.
Well, everyone wants to play in an online casino that offers to choose from multiple currency options to place their bet. A few of the most common currencies offered at online casino in India are:
Nevertheless, the online casino has to confront one common difficulty that is, how to frame the bonus?
The reason they encounter this problem is that the exchange rate is different with different currencies. So, the bonus money varies with the currency you choose.
Equation of Real Value Bonuses
One of the common methods used by the online casinos for offering their bonuses is equating the real value of these promotional offers.
As you might already know, $100 is almost equal to £70 and €75. So, you will notice that a majority of the online casinos offer different bonuses and promotional offers that are equal to $100. If you choose Euros or Pounds as your preferred currency, you will get €75 and £70 as the casino bonus.
If you compare these bonuses numerically, these casinos offer higher bonus amounts in USD than in EUR or GBP.
But this can be a great problem for online casinos using this system.
You might ask why?
Well, for one reason, exchange rates change daily. So, there might be a considerable difference in amount after a few months. Surely, the gambling sites cannot change their bonuses every day to keep up with the daily fluctuations.
So, what do they do?
They started offering these bonuses in round figures.
This has made online casinos create some approximations that can nullify the principles to equate the real values.
The equation of real bonus value sows the seed of another problem. A better placing 1 credit in GBP is wagering a higher amount in comparison to a better betting 1 credit in USD.
So, when the casinos offer a bonus equating the real value, the punter who is placing the bet in GPB will get a lesser bonus amount as per the bonus terms. But, this is completely unjustified.
This has pushed many online casinos to offer numerically similar bonuses to their punters. Now, you will find casinos offering bonuses of $100, £100, and €100. No matter which currency you choose, you will receive the same bonus amount, numerically.
According to this, if you place your bet in GBP, you will receive a higher amount of bonuses.
Gambling in United Bonus System
Some casinos use the second type of bonus system for the punters. It’s called Play United and is powered by Real Time Gaming software. However, the bonus system has now been taken over by Playtech software, in recent times.
According to the terms of this bonus system, a welcome bonus comes with 4 tiers. This can increase to 750 credits, irrespective of the currency you choose.
With the first deposit, you will receive 100% of the deposit amount but up to 150 credits. When you make the second deposit, you might receive a 25% bonus on your deposit to a maximum of 150 credits and so on and so forth.
If you wager in USD, you are going to receive the bonus in USD. The maximum limit is also set in USD. Similar is the case with GBP and EUR. The bonus amount and the maximum limit are set in the currency you choose.
Now, that you know how Multiple Online Casino works, let’s take a look at the different online casino bonuses available.
Types of Online Casino Bonuses
Sign Up or Welcome Bonus: A welcome bonus is offered by almost all online casinos. These can either be a package or standalone bonus and are available in the form of a deposit match bonus, free spins, or a combination. If you are lucky, you can find a combination of both. But be careful, these welcome bonuses come with a significant wagering requirement. So, check the terms and conditions before using it.
Free Spins Bonus: This bonus is the favorite of online slot players. It has largely grown in popularity in recent times. Online casinos use it for promoting newly released games. So, it’s a win-win situation for you and the casino.
Match Bonus: It is one of the most sought casino bonus options. The bonus aims to attract new, as well as existing betters. This amount ranges between 25% and 300%. With this, you can win a certain amount of the deposit you made.
No Deposit Casino Bonus: If you are fortunate enough, you will come across a casino that offers no deposit bonus. It is one of the most popular promotional offers provided by a casino like 10CRIC and Ruby Fortune Casino. As the name suggests, you don’t have to make a deposit to win this bonus. In short, you can play at a casino for free. With this, you can try some games to assess if you would like to invest real money.
Online casinos throw in various promotional offers to attract new betters to their site. For gamblers too, these are the biggest mainstays when they decide where they will invest their money.
So, now that you know about casino bonuses, go on, get exploring.