Gaming Authority highlights risks of bonuses
It has been possible to gamble legally online since October 2021. Licensed gaming providers are allowed to offer games of chance. However, competition is high, so casino sites have to outsmart competitors somehow. Bonuses are a method of recruiting new players. However, the Kansspelautoriteit (KSA) has indicated that participants need to learn more about bonuses and the risks that are around the corner. After all, a bonus can be less profitable than it initially appears. In addition, a player can report any abuses to the Ksa.
Regulations on casino bonuses
The Dutch Gambling Authority has urged casinos to display the required information clearly. A bonus may not be granted to vulnerable players. For example, the gaming providers cannot pay out a welcome bonus to players up to 24 years of age. In addition, there are some points that the player should pay close attention to.
- Welcome bonus
Legal providers are allowed to offer welcome bonuses to newcomers. This may be a deposit bonus, a free bet, or an extra high quote for a particular sports bet. However, there are often 'wagering requirements' about these types of bonuses. The bonus amount and/or profit from a bonus must still be played back, i.e., wagered. As soon as a player meets the requirements, the bonus amount can actually be paid out.
Indian Casinos online are famous for these types of bonuses. However, the welcome bonus is not without risks, and there is a possibility that the player will lose the bonus money and possibly more amounts.
- Loyalty Bonus
A casino naturally hopes that a player will not switch and will continue playing at the casino. The loyal players may receive a so-called "loyalty bonus." Such a casino bonus can come along in the form of a cashback, free bet, free spins, or a deposit bonus. The purpose of the bonus is to keep the player playing for a longer period of time. The player should stop in time and not focus exclusively on such a bonus.
In addition, the Dutch Gaming Authority also emphasizes the fact that in most cases, the player must deposit money to receive a bonus. It may also happen that a bonus will only be valid for a certain period of time, and certain games are not included in the playthrough terms. Please note that a player can claim one bonus at a time in some cases.
Reporting abuses to the Ksa
The Kansspelautoriteit is constantly checking online casinos. However, the player can also report to the Ksa. If a bonus comes along, that does not meet the conditions, and it is possible to report it. The KSA will take the report into consideration and possibly take action.