Casino Reload Bonus - Bonus for Depositing in an Online Casino Account
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Online casino players need to optimize their deposit schedules so as to take advantage of the reload bonuses offered by online casinos.
A reload bonus, as its name suggests, is a bonus offered when players reload their casino accounts by making deposits after their initial deposit. The reload bonus is one way of rewarding player loyalty and enticing the player to continue playing at the casino. The online gaming industry is very competitive and online casinos are evolving different mechanisms to retain their clients.
As in the case of the welcome bonus, the reload bonus is specified as a percent of the deposit made, subject to a maximum limit. In some cases the terms of the reload bonus are more favorable to the player than the welcome bonus and in other cases they are less favorable.
Where the reload bonus terms are more favorable the signal to the player is that the more he plays at that casino the better the bonuses will become.
Where the reload bonus terms are less favorable the idea is not to disregard customer loyalty. In some cases casinos offer extravagant welcome bonuses, which cannot be matched in the reload bonuses. In other cases casinos offer attractive loyalty bonuses to reward loyalty therefore step down the reload bonuses.
What needs to be seen is the total package and not the individual bonuses alone.
Types of Reload Bonuses
The reload bonus has more variety than any other type of bonus. Some of the more common formats are listed below.
A specified number of deposits after the initial deposit are given reload bonuses. The concept here is to give inducements till the player becomes at home playing at the casino and would not want to change. The loyalty program is then sufficient to hold the player.
The first deposit made every month is given a reload bonus. Many casinos impose an additional condition that the deposit has to be made on the first day of the month. This is to induce players to make a large deposit in the beginning of the month so that they are then compelled to play at that casino throughout the month.
Deposits made every Monday are given a reload bonus. Many players cannot make large one-time deposits. This format enables them to spread the deposits without loss of bonus
The type of reload bonus would depend on the traffic at the casino, the nature of the majority of the players and the need to balance between more business and higher margins.
Wagering Requirements
Like all bonuses, the reload bonus is also subject to wagering requirements.
The reload bonus has to be wagered a specified number of times before the winnings can be withdrawn. Some casinos allow the bonus to be withdrawn after the wagering requirements are met, whereas other casinos do not.
The wagering requirements have to be met within a specified period other wise the bonus will lapse.
In order to meet the wagering requirements the wagers have to be placed on specified games only. These are usually games having higher house edges.
The reload bonuses are not available to players of specified countries where there has been a history of fraud.
The reload bonuses may be available to players of certain specified countries with higher wagering requirements.
