Online Casino Promotion Classifications
October 7th, 2010 | Published in Casino Tips
There are two primary categories of promotions found at online casinos. These include,
- Guaranteed bonuses
- Chance of bonuses
The guaranteed bonuses are granted with the caveat that the player must complete all requirements which are known prior to deposit. On the other hand, the chance of bonus states that players could potentially win a prize or the bonus, but are not completely assured of doing so.
The guaranteed bonus category is often much smaller compared to the other type of promotion due to the fact that all who fulfill the requirement will be awarded the bonus. Within this category, larger prizes are usually much more rigorous requirements to complete. Those that wager a specific amount can claim a specific bonus.
The second category tends to add much more excitement to the process. Since there are only a few players that can win the prizes, they are usually much larger. Also, winning the prize is a matter of luck so it’s similar to the excitement gained from the lottery. There are numerous promotions based on this category principle. The most typical promotion is offered through online tournaments.
In the tournament variant, those that place near the top on the leader board are granted a piece of the total prize pool. Many of these types of tournaments do not have an entry fee, commonly known as freerolls. Therefore, there is no cost to enter and you can win real money or prizes.
Another promotion within this category is a wagering contest. Once again those that top the lead board share the prize pool. The difference is players advance by wagering the most possible on specific games. In general, these are designed for high rollers due to the large cash wagering requirements.
An additional promotion is called luck draw. Players are given tickets based on the amount they wager. The prizes usually range from exotic vacations to casino credits. This is another promotion that favors high rollers due to the multiple tickets given per wager amount.
Online casino promotions can be an exciting extra offered in addition to the thrill of gambling. The safe method is by far fulfilling the requirements of the guaranteed bonuses. However, the chance of a bonus can be won for free and is often large. Therefore, they are a trade-off of one another. Which is better bet? I’ll let you be the judge.