Bonuses are a promotional tool consisting of virtual and conditional money, which allow players to sample and play games with little to no risk to their own funds. It is basically a means to motivate a customer to do something that is going to be motivational for us.
They come in multiple forms and purposes and typically vary by platform. In the mature and competitive online gaming industry, bonuses have become the norm and have been an integral part of the gaming operation, as well as of players’ expectations.
The experts from 2WinPower want you to be deeply aware of this particular gambling topic to ensure you manage your finances perfectly well. Our experts have prepared a comprehensive guide on the subject of bonuses for your reference. The importance of perceiving the combination of offers and clients’ attraction makes this particular theme an integral part of any operator’s routine.
Bonuses are used both as a means to attract new players and engage and retain active or lapsed players. In both cases, they may be leveraged to increase desired KPIs:
They come with great benefits, and equally with an exceptional level of risk. Applying conditions such as wagering requirements allow operators to be more liberal in the amounts of bonus funds that they are able to reward while maintaining an element of control over the theoretical cost and applicability of the bonus campaigns they issue.
Bonuses are being used widely in the gambling industry, the main thing is to understand it as a means to achieve great results if you know how to assess the financial liability and the cost that comes with them. But they can also bring you down if you do not know how to manage them. If you are just going to copy what others are doing, thinking if it works for them, it will also work for you, a perfect recipe for disaster is inevitable.
In some way, bonuses are actually conditional money. You give it to players, allow them to play with it, and know that these finances do not hold any value until certain conditions are met.
Usually, you will offer your clients an incredibly appealing proposition that any gambler could hardly ever reject. However, as they dive into further details, you explain that certain conditions have to be met for them to be able to use the bonus.
The US online gaming and marketing consultant expert specifies:
For example, you offer them a 150% bonus on the deposits up to $500 and 300 free spins. Sounds incredible, doesn’t it? However, you immediately give the first explanation that they receive 30 spins on the registration without any deposit on a specific game. The rest is given after the down payment is made.
Next, you forward them to offer details further. Usually, such significant terms and conditions would include an exact explanation of how this bonus money can be spent on:
These are essential distinguishers. You want neither to go bankrupt nor to have hardly any customers due to weak bonuses. You must leverage the offer and make it both appealing and beneficial for yourself. Customers are always happy with free stuff, but you should remember about the limit of their endurance and create the conditions realistic enough for them to be able to meet all the requirements.
Bonus are money awarded to a customer, which carry specific conditions attached. You can refer to those provisions as Bonus Fulfilment Criteria, or more commonly Wagering Requirements.
For a player, the primary benefit of bonus funds is their potential to be converted into real money and be utilized and withdrawn. It will allow them to play more, spending more time and resources on your platform,
— mentions the CEO of American iGaming Solutions.
Once a Bonus is awarded, the customer utilizing it will be required to fulfil the Wagering Requirements before converting the Bonus Amount to Real Money, which we refer to as a Bonus Turned Real or Bonus Achieved.
There are two primary types of bonus engines within the industry. They differ from provider to provider, with several core-contrasting factors.
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Since it is of utmost importance to deduct the extra costs when calculating GGR, considering a Segregated or Merged Engine becomes vital. If an operator works with a Merged Balance, they do not really know the distinction between the casino Bonus Money and players’ deposits.
If the owner is allowed to deduct bonuses as a part of a GGR calculation for tax purposes, they do not have an exact amount, and they have to assume. With the Segregated Balance, it is possible to say for sure how much money was given as Bonuses and converted to Real Money.
Bonuses can be awarded as a monetary value in the format of free casino credits, or if awarded in conjunction with Game Provider systems, can be awarded as free spins on a particular set of games. There are 5 distinct predominant bonus types:
The essential notion that any beginning operator must remember about bonuses is that unless you manage them adequately, you will face severe unplanned expenses. It is all about your budget and earnings. Even an extra dollar can be of great value since there are hundreds of bonus abusers, hunting badly organized gambling platforms to take advantage of unskillful operators.
With this in mind, 2WinPower offers you a wide range of services that also include the calculation of actual bonus amounts and their distribution through the available gaming content.
Our specialists will ensure you receive high-quality assistance on:
Apart from that, our experts will gladly offer you a convenient turnkey business solution and save you the trouble of the organizational process in general. Do not hesitate to resort to professionals, as we know how to save your money and time. Just reach our support team for any other queries.
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