The online gambling sector in Britain was worth an estimated £5.7 billion in the 2019-20 tax year, according to the latest statistics published by the UK Gambling Commission. With such a large amount of money to be made, it’s unsurprising that the online casino market has become increasingly competitive in recent years.
One way in which individual casinos seek to differentiate themselves from their rivals and draw in new customers is via the advertisement of promotions and bonuses. These can take a variety of different forms and offer an additional incentive for gamblers to choose their site. But which types of online casino promotions provide the best value?
Expanding an existing customer base is a key way of driving revenue, so it’s only logical that casinos might try to tempt prospective players to their site by offering them incentives to sign up. These types of offers can be a great way to sample a site’s wares and try your luck at the various slots and games available to decide whether you like it or not.
For example, the LeoVegas Bonus Code promotion gives punters the chance to access wager-free spins by meeting minimum deposit and betting limits. All that’s required to take advantage of the offer is to register with the site and open a new account, then redeem the appropriate promotion. With their generous discounts and opportunities to try out new features, sign-up bonuses are among the most popular promotions available at online casinos.
Deposit and no-deposit bonuses
Deposit bonuses are some of the most readily available promotions around. In essence, they provide the player with a complimentary additional bonus on top of their deposited amount. For example, a 100% bonus would mean that a £10 deposit from the customer is matched by a £10 deposit from the casino. These types of bonus are most often included in a sign-up bonus, but they are sometimes available to existing customers as well.
No-deposit bonuses, on the other hand, do not require you to wager any of your own money to take advantage of them. Due to tighter legislation in the UK, these are rarer and can take the form of a number of free spins on a slots game or a free bet if a certain outcome happens in a sports match. Gamblers should be aware that both deposit and no-deposit bonuses generally come with a minimum betting threshold and a maximum withdrawal limit, so it’s a good idea to avail yourself of the terms and conditions before you partake.
Free spin bonuses
As the name suggests, free spin bonuses consist of a number of free spins that are gifted to you to try and entice you into playing a specific slots game with your own money. Once you opt into the promotion, you’ll begin by using up the specified number of free spins that have been allocated to you. After they have been exhausted, you will then draw on your own wallet to fund future spins.
Again, most casinos sites specify a minimum wagering limit to be able to access any money earned through free spins, but this will differ depending upon the platform you are using. Free spins generally only return a few pennies’ worth of winnings, but if Lady Luck is on your side, you could feasibly turn that small amount into a far better windfall.