Evaluating the inherent risk associated with new online casino bonuses.
Online and mobile gambling make up one of the most competitive commercial industries in existence. There are thousands of internet casino operators vying for your business. They compete by offering variable gaming menus, payment options, and regional player acceptance, but most of all by tweaking their promotions to attract to new players.
It’s no secret that new gambling sites tend to offer the greatest promotional benefits. They have to, really. How else does a new, unknown brand successfully infiltrate a market that’s already saturated with thousands of rival operators? You do it by dangling a delicious looking carrot to the masses, and hoping to get a few bites. But how much can you trust new online casino promotions?
Risk Assessment: New Online Casino Bonuses
The Problem: A new iGaming operator is not like a well established brand. It doesn’t have a reputation by which to measure its integrity and quality of service. It’s not like a new restaurant opening down the road, with a half-price coupon for first-time visitors. As virtual entities, online gambling sites might be exactly what they claim to be, or something entirely different.
Since the dawn of the internet, rogue online casinos have been rearing their ugly heads. But they are able to disguise their ugliness in the form of a fancy facade, with aesthetic graphics, exciting game choices and – of course – big bonus promotions for new players.
So how do you know who you can trust, and who you can’t? Here are three to guide you in the right direction.
#1 Judging by the reputation of associated brands.
It’s rare for a brand new company to rise up from nothing, with no notable associate brands on their flanks. It happens, sure – but it’s rare. So when you come across a new online casino with an enticing bonus, you need to complete due diligence first.
Look at the bottom of the website for the parent and/or operating company. Look to see where it’s licensed. Do they say what affiliate brand their aligned with? By determining the reputation of any associated companies, you can start building a reputation meter for a new brand. I promise you, a little research goes a long way.
#2 How great is the risk factor?
Bonuses come in all different styles, but can be easily classified by risk. A standard deposit bonus comes with risk. A no deposit bonus (i.e. no deposit required) comes with no risk. If you find a new online casino promoting a no deposit bonus, you at least have the advantage of not taking a risk to accept the bonus.
Note that no deposit bonuses are virtually unheard in today’s established iGaming market. Only brand new online casinos – and not many of them, IO might add – are willing to make such offers anymore. When you see one, be sure to read the fine print and complete due diligence before you sign up.
#3 Does it look too good to be true?
Most of us learning growing up that if something looks too good to be true, it probably is. The same goes for new online casino bonuses. If an offer is substantially better than any of its competitors – if the wagering requirements are extremely low, or the apparent value excessively high – think twice about accepting. Unless you can verify the operator as a legitimate brand with reputable backing, it’s probably best to steer clear.
Royal Vegas is our editorial pick for safe Canadian gaming. Currently offering a good range of Canadian deposit options, everything from prepaid gift cards, to eCheck, instadebit and visa/mastercard. That, and a world-class gaming experience, with countless table games, strong variety, and even live dealers. The brand has been in the business for a decade long.