Online Casinos Can Offer Many Different Reward Schemes. Here’s How You Can Calculate Them.
$6,000 Welcome Bonus
The online gambling market has garnered an immense amount of traction over the past decade, hitting a cumulative total of $63 billion in 2022. The industry is primed to keep growing in the long term, expanding at a CAGR of 11.7% till the end of 2030. However, this meteoric rise has been anything but serendipitous.
By offering a diverse array of games — from classic slots to live dealer experiences — online casinos are able to cater to the needs of novice as well as seasoned gamblers equally well. Their appeal is further amplified by generous welcome bonuses and loyalty programs that provide tangible value to players.
Moreover, with the recent introduction of blockchain and digital currencies into the mix, we have seen the advent of crypto casinos. These platforms offer an unprecedented level of security and anonymity — thanks, in large part, to the private nature of cryptocurrency transactions.
Simply put, crypto/online casinos have adeptly positioned themselves as the future of gambling, offering a compelling blend of entertainment, innovation, and security.
The transparent reward structures of online casinos
The ascendancy of online casinos in the digital age has largely been due to their use of sophisticated reward systems that go beyond mere luck/chance. To elaborate, these platforms offer a plethora of incentives to attract and retain players, including welcome bonuses, reload bonuses, additional raffles, and loyalty points.
For instance, a welcome bonus might match a player’s initial deposit by 100%, effectively doubling their starting capital. Reload bonuses work similarly but apply to subsequent deposits, often at a lower matching percentage. Moreover, many online casinos run periodic raffles where players can win anything from free spins to exotic vacations. These raffles often have transparent odds, allowing players to calculate their chances of winning with reasonable accuracy. For example, if a raffle has 1,000 tickets and you purchase 10, your odds of winning are 1 in 100.
Loyalty points are another staple of the online casino rewards ecosystem. These points are typically accrued through gameplay and can be exchanged for cash, free plays, or other perks. The accrual rate is often clearly stated, such as earning one point for every $10 wagered, making it easy for players to track and quantify their rewards. In addition to all this, players can also benefit from cashback offers, referral bonuses, and VIP programs.
Options galore
As the online casino landscape has continued to evolve, a number of new platforms — offering innovative rewards and incentives — have emerged. For example, Duelbits, a crypto-first gambling ecosystem, has distinguished itself from its contemporaries thanks to its unique loyalty and reward system that is both transparent and easily calculable.
The platform offers an industry-leading 50% rakeback, demonstrating its commitment to working on low margins to maximize player benefits. For example, a wager of $1,000 results in a staggering rakeback of $500. Moreover, as players climb Duelbits’ VIP ladder, they are greeted with level-up bonuses calculated as a percentage of their deposit or wagering activity. For instance, a 5% bonus on a $200 deposit translates to an extra $10.
The platform also provides instant rewards like free spins and cash bonuses, all of which are easily calculable and transparent. Moreover, all of the information presented is done so in a manner that is easily accessible — via a desktop as well as mobile application — and digestible to the average user.
Lastly, Duelbits takes its security extremely seriously and has deployed a special anti-money laundering task force to detect fraudulent transactions. Beyond its casino experience, the platform also excels in sports betting, offering a comprehensive sportsbook that caters to a wide range of interests. In fact, Duelbits runs daily and weekly leaderboards based on a player’s wagering activities with sizable prize pools. So, if a user secures a position that grants them 2% of a $10,000 prize pool, they can walk away with an additional $200.
What lies ahead for the online gambling market?
With the online gambling market touted to reach a valuation of $105.77 billion by 2032, there is enough reason to believe that in the near future, more and more gambling enthusiasts will flock toward the use of crypto and online casinos, especially since they provide users with a wide range of advantages in comparison to their physical counterparts. Therefore, it will be interesting to see how this burgeoning market continues to evolve from here on out.
