During the last couple of years, the iGaming industry has grown as not many industries have. In fact, among all the causes that may be related to the boom, the iGaming Top online casino Bonus System tops the list.  

Whether you are an operator interested in gaining more players and retaining them, you have to get familiar with it. 

But what is an iGaming Bonus System and how can you use it to your advantage? Let's plunge into the details!

What is the iGaming Casino Bonus System?

The online casino bonus system is a combination of different promotional offers, attracting and retaining players. These can take several forms and are designed to provide extra value to players, to keep them gaming at your website for as long as possible. 

Consider it as one of the ways of making your online casino more attractive in the extremely competitive market. According to a current report, casinos that apply bonus systems correctly may increase the rate of player retention.

Types of Casino Bonuses

Making a bonus strategy effective starts with knowing its types. Here are some of the most common:

1. Welcome Bonuses

These are designed to attract new players. In most instances, these match up a player's first deposit up to a certain amount. As an example, a 100% match up to $200 would mean that if the player deposits $200, he will get an extra $200 to play with.

2. No Deposit Bonuses

These are free money or spins and have gained huge momentum among gamers; they don't require anything upfront in terms of deposit. For this very reason, it is highly luring for players to enroll on your site.

3. Free Spins

Usually, other varieties of bonus offers are complemented with them. Exactly as it sounds, this is free to try to spin the reels on slot games. Such a bonus can work amazingly well to create some hype about new slot games.

4. Reload Bonuses

These are intended for players who have already been established and are granted extra money for more deposits. This form of bonus keeps players interested over a long period of time.

5. Cashback Bonuses

The concept of cashback in bonuses means that a player receives a percentage of his or her losses returned to them. This is one of the best ways to reduce the risk for the player, motivating him or her to continue playing.

6. Loyalty Bonuses

These form part of loyalty programs, which give rewards to players for continued patronage. The more one plays, the more points he gets, which he can redeem for bonuses, cash, or other privileges.

Casino Bonus Strategies

Knowing the types of bonuses is just the beginning. How you employ these bonuses can make all the difference. Here are some effective casino bonus engine strategies:

1. Personalization

One-size-fits-all does not work. Depending on player behaviour, make use of analytics data to personalise the bonus offer. If a player loves playing slots, give him free spins on new slots. 

2. Timing is Everything

The timing of your bonus offers can make all the difference in their success. So, send bonuses over the weekend, on holidays, or during special events to drive engagement.

3. Crystal-Clear Terms and Conditions

Nothing is as infuriating as ambiguous terms and conditions. Clearly spell out wagering requirements and other conditions in an easy-to-read fashion that will stand you in good stead in the trust of your players.

4. Retain over Acquire

Acquisition of new players is vital, but retaining the previous one is equally crucial for the long run. For example, loyalty bonuses and VIP programs come in handy. Many know that retaining a player is five times more economical than acquiring a new one.

5. Seasonal and Thematic Bonuses

Create your bonus plans according to seasons, holidays, or major events. For example, Halloween-themed bonuses could be provided in October, while Christmas specials can be given in December.

6. Multi-Channel Notifications

Email, social media, and in-app notifications to let players know about new bonuses. The more channels you use, the better the reach is.

7. Regular Updates

Keep refreshing the bonus offers so that new and exciting offers are always made available. Renew them now and then to keep players interested and wanting more.

Why the iGaming Casino Bonus System is Crucial for Operators

You could wonder why you need to spend resources and time developing a profound iGaming Bonus System. Well, it's pretty simple: it is one of the most effective tools for player acquisition and retention. Actually, in several reports around the industry, it was said that casinos deploying well-structured bonus systems can show an increase in player lifetime value of up to 25%.

Moreover, a decent bonus system can make you differ from other competitors. In this market, which is literally full of choices, it all depends on unique and attractive bonus offers that players find appealing. 

Conclusion

The casino bonus system is one of the most significant tools for motivating or retaining players in the iGaming industry. 

Bear in mind that with a well-thought-out bonus system, it is possible to boost player engagement and loyalty up to the extent that your casino would become an address for new and current players.

Original source: https://alchetron.com/Tron/Understanding-the-iGaming-Casino-Bonus-System:-Types-and-Strategies-5235972-UW#-