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What are the different types of bonus?
Online casinos offer various types of bonuses to attract new players and incentivize existing ones. The most common are:
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No Deposit Bonus: You receive free credits or bonus money just for signing up, with minimal wagering requirements (usually 1x), allowing you to keep any winnings.
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Deposit Match Bonus: The casino matches your deposit up to a certain amount, but with higher wagering requirements (typically 15-20x) and potential game restrictions.
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Loss Rebate: You receive a refund or bonus credits equal to any losses incurred during your first time playing, with wagering requirements attached.
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Free Spins: You get free spins on specific slots, and any winnings from those spins are yours to keep, including potential jackpots.
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Loyalty Points: As you play more, you earn redeemable points for cash, bonuses, or other rewards through the casino's loyalty program.
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What's a social
casino?
A social casino is an online or mobile platform that simulates the experience of playing at a real money online casino, but with virtual credits instead of actual cash. These platforms allow you to enjoy popular casino games for fun without risking any of your own money.
Additionally, social casinos often have social features that enable you to interact and compete with other players, participate in contests on social media, and learn how various casino games work in a risk-free environment.
It's important to note that while online casinos that allow real money gambling are currently legal in only seven states (Connecticut, Rhode Island, Delaware, Michigan, New Jersey, Pennsylvania, and West Virginia), social casinos are legal at the federal level and overseen by the Federal Trade Commission. This means that players from most states can access and enjoy social casinos, with the exceptions of Idaho, Nevada, and Washington State, where sweepstakes play is prohibited.
Social casinos can be categorized into three main types:
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Social casinos that offer cash prizes through sweepstakes mode.
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Social casinos that offer non-cash prizes.
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Social casinos solely for entertainment purposes.
Let's explore each category in more detail:
Social Casinos with Cash Prizes: Some social casinos provide the opportunity to win cash prizes, similar to sweepstakes casinos. These platforms typically use two separate currencies: virtual play credits (often referred to as "Gold Coins") and redeemable "Sweeps Coins" (SC). You may receive a few SC when you sign up, and you can also earn additional SC through various methods, such as contests, no-deposit sweepstakes bonuses, or by contacting the company directly.
The Gold Coins function as virtual credits, allowing you to play the casino games for fun. However, the SC can be used to play in sweepstakes mode, where any winnings can be cashed out, generally at a rate of 1 SC to $1. It's important to note that some social casinos may have redemption minimums, such as 100 SC, before you can withdraw your winnings. GamblingSmart is meant for information and entertainment
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