Reload Online Casino BonusesBy: Fabian Rictor, Tuesday August 4th 2009
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Reload online casino bonuses are deposit bonuses given to existing players at the online casino. These bonuses are awarded when existing players make deposits at the casino. They are very similar in nature to welcome bonuses. The only difference being that the welcome bonus is a one time bonus offered to new players.
The reload bonus is characterized by the following parameters. The first is the percent of the deposit that is given as bonus. Whereas welcome bonuses are usually more than 100%, reload bonuses are usually less than 100%. The philosophy is that once a player signs up at an online casino there is a natural resistance to switching to another one and therefore the incentive required to retain the player is less. The second parameter is the minimum deposit required. Since the online casino is offering a freebie it expects the player to make an investment that justifies the bonus. The third parameter is the maximum limit of the bonus. All online casino bonuses have upper limits because no online casino would like to have an unlimited liability. The fourth parameter is the wagering requirements.
Online casinos do not usually offer reload bonuses on all deposits. However different online casinos have different methods of allocating the deposits on which reload bonuses are offered. The most common way is offering the reload bonus on the first deposit of the week or the first few specified deposits of the month. Some online casinos set aside specific days of the week for reload bonuses. For example VIP Slots online casino offers a 75% reload bonus on the first deposit on Tuesdays, a 50% reload bonus on the first deposit on Thursdays and a 100% reload bonus on the first deposit on Saturdays. Many online casinos try to make the reload bonuses more interesting by couching them as promotions. These promotions are varied from month to month thereby giving a variety in the reload bonuses offered. This breaks the monotony of being offered the same bonus all the time.
Another tactic that online casinos employ to make bonuses more interesting is by restricting the wagering to certain games. This also helps the online casino to draw traffic to the games with higher house edges. Cherry Red online casino offers a 150% bonus for slots on weekends, whereas only a 100% bonus for other games. Since players get a better deal for playing slots they would be tempted to take up the slots bonus even though they face a higher house edge playing slots. Sometimes reload bonuses are linked to wagering on new casino games just released. This encourages players to stray away from familiar games and try out the new ones.
Most online casinos have VIP clubs in which they offer better incentives to the players who wager more by placing them in the higher VIP levels. Players in the higher VIP levels often receive better reload bonuses. Reload bonuses may be offered more frequently to such players or with higher percentages of deposits made or with higher maximum limits. In Level 3 of the VIP Club in Golden Casino the reload bonus is 25% of the first deposit on any one Sunday in a month. In Level 9 the reload bonus is 100% of the first deposit on every Sunday of the month.
Players are advised to read the terms and conditions of the reload bonuses carefully before availing of the bonus.
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