Online Casino Loyalty Bonuses – Comps for Returning Players
Intercasino
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How online casinos reward regular players with online casino loyalty bonuses and comps for returning online casino players.
Loyalty bonuses are the most popular of the bonuses offered by casinos. The reason is that they are not one time or restricted bonuses, but are offered on every wager placed by the players. As their name suggests they reward the players’ loyalty to the casino. Internet gaming is a competitive industry and online casinos put a high premium on customer loyalty. That is why they are willing to reward customer loyalty. In order to understand loyalty bonuses two aspects need elucidation.
V.I.P. Levels
Comp Points
V.I.P. Levels
The players at an online casino are divided into a number of V.I.P. levels, usually six. In the lowest level are the new players and those who play very infrequently. In the highest level are the regulars. The different levels are named according to some category in increasing order of importance. For example the names may be based on royalty with the lowest level being that of a duke and the highest that of an emperor. Or the names may be based on precious stones with the lowest level being that of opal and the highest that of diamond.
As players start increasing their wagering frequency they move up in the V.I.P. level hierarchy. Conversely if the level of gaming falls the player will be demoted to a lower V.I.P. level. Most casinos have software that assesses the players’ performance at the end of the month and puts him in the appropriate V.I.P. level for the next month.
Being in a higher level provides increasing benefits. One kind of benefit is non-monetary and may be termed as fringe benefits. This includes the following
Faster deposit processing
Faster payouts
Reservation at preferred tables
Discounting of losses
Gifts on birthdays
More important are the monetary benefits or comp points. Comp points are given to players for every dollar wagered. Those players in higher V.I.P. levels are given more points per dollar wagered.
Comp Points
For every dollar they wager players are awarded credits usually known as comp points. Sometimes they go by the name of loyalty points. In poker rooms they may go by the name of poker points. The rate of awarding comp points depends on the V.I.P. level. The players in higher V.I.P. levels get more points per dollar wagered. Players in higher V.I.P. levels also wager more dollars. That is the reason they are in the higher V.I.P. level in the first place. Hence players in higher V.I.P. levels accumulate comp points at a much faster rate. Some casinos offer more comp points to certain games that have higher house edges in order to induce players to play those games.
Comp points can be converted to free chips at a specified rate. Usually a minimum number of comp points need to be accumulated before they can be converted. Many casinos allow comp points to be used as buy-ins for tournaments. One important condition for comp points is that one person can open only one account. Casinos check addresses, email ids and credit card numbers for multiple registrations and in the event they find that a player has registered twice all comp points are cancelled.
