Loyalty bonuses were introduced by online casinos and sportsbooks as a means to incentivize players to continue betting at their websites. In their essence, these bonuses are loyalty schemes, enabling players who wager real money to earn comp points, similar to those awarded to the patrons of landbased casinos. The difference here is online players do not exchange their comp points for amenities, food, and drinks but can convert them into free credits to spend at the online casino games.
New players are typically enrolled in the loyalty schemes as soon as they register and deposit real-money at the gambling website although we, at Bonus Insider, have come across online betting operators that would restrict the access only to the most active customers and would send out exclusive invitations to those who have wagered larger amounts at their websites.
The loyalty scheme would usually span several tiers, with newcomers starting out at the lowest one. More perks and benefits await those who level up to the higher tiers where the points’ redemption rate is higher. There is a minimum number of points, usually 1,000, the player must collect before being able to convert them into free monies. At some casinos, one must earn a predetermined number of points on a monthly basis in order to maintain their loyalty level.
On many occasions, the amount of £10 wagered on the casino games can earn you 1 point, although these accumulation rates differ vastly between gambling operators. Sometimes the rates would also vary depending on which games you spend your money on. Once you have earned the stipulated number of points, you can convert them into free credits but the exchange rates are quite high, usually 1,000 points for £1 but again, this depends on the gambling operator’s policies.
In the majority of cases, there are no rollover requirements when you play with credits purchased with loyalty points, although occasionally you may encounter betting sites that enforce wagering for this.
In a nutshell, loyalty bonuses target mostly players who intend to stick around and play at one and the same casino for longer periods of time. If you are a bettor with a more substantial monthly gaming budget, it is definitely worth it to search out a casino with a lucrative loyalty scheme. Over time, you will find these can be quite rewarding. You can start by inspecting the operators reviewed by Bonus Insider.