The online gambling industry is relatively young. Sources trace the sector’s history in October 1994, with the launch of the Liechtenstein International Lottery. A critical innovation that enabled online gambling is the viability of safe online financial transactions.
According to PR Newswire, a news and market research scourge, the global online gambling market is currently valued at USD 64.13B and expected to grow to USD 72.02 by the end of 2021. The industry’s steady growth is attributable to the companies that have innovated and adapted to the ‘new normal’ in an attempt to recover from the scourge of the pandemic. The same outfit estimates the growth of online gambling to USD 112.09 by 2025, with a compound annual growth rate (CAGR) of 12%.
These estimates prove that the online gambling sector is here to stay, even when the world tries to transition to the new normal. In fact, the online gambling industry is the result of and a necessity of people’s desire to have an approximation of what used to be expected, amid restrictions on physical interaction and prohibitions on on-site gatherings.
The sector’s unprecedented growth is owed to the fact that it managed to mitigate the impact of the pandemic on the industry. It can be said that it benefitted from it. It became a recourse of the usual brick and mortar casino goers and at the same time, lured in a new demographic of players from diverse backgrounds and different age groups.
The industry’s ingenuity deserves all the commendations, and one thing that is worth noting in their arsenal is the widely available credits and bonuses, most especially for new players.
What are Free Credits, and Why Should I Take a Shot at Them?
Free credits are bonuses or amounts credited to a new player’s account when they sign-up with an online casino. It is a promotion exclusive to new players to entice them to try out a new site. Casino operators understand the various apprehensions that new players have in trying out online gambling. That is why they have devised this feature that serves as a ‘free trial’ for interested players.
Free credits are also welcome bonuses that allow you to play different games as the online casino permits. Other casinos will have additional terms and conditions on how these credits or rewards can be exhausted, but in general, these can be used on various games or for specific games. For instance, some casinos will give out free spins or free credits for slot games. Either way, you are not on the losing end because free credits allow you to play without having to deposit any cash in the first place.
Aside from allowing players to appraise a new online casino, free credits also enable clients to build their trust in a new casino site. Not all casinos are created the same. These bonuses help a client develop their confidence on a new site. The fact that players can play without any deposit is a significant incentive. Also, and more importantly, if you are up to your game and win through these free credits, any reputable site should allow you to withdraw your actual winnings. Of course, subject to reasonable terms and conditions, but the point is, you just have to meet their wagering requirements, and you can withdraw your winnings as cash.
How to Get Free Credits?
Casino operators have made it easy for new players to be awarded free credits and bonuses. Otherwise, no one would want to check them out, or worse, they would be considered a scam.
Free credits and bonuses are only for new players or new account holders. With that said, all you have to do is create an account. You will be asked some basic personal information, including your banking details. But don’t be discouraged when you reach this point. Online casino operators are prohibited from accessing your private account without your consent, and your personal bank can assure you this. “But why is this necessary?” you might ask. In fact, in checking the banking features of an online site is an indicator of its reliability. It must be trustworthy if it allows transactions with significant banks, e-wallets, and other payment methods. Because that means it will enable some kind of trial that can be used to hold any online casino to account for questions or future disputes.
What’s the catch?
Since these are free, there are a few things to consider before signing up with any casino site on the market. Experts argue that newcomers in the field should always take their time to weigh their options and not be in such a haste to jump onto the bandwagon.
First, check the security of any online casino. Any reputable casino should have a license that emanates from their adherence to security standards. Since governments recognize the industry’s profitability, some governments acknowledge the legality of this enterprise and issue them licenses.
You always want to check the license of any casino operator, alongside their security features. Standard security features include standard SSL encryption for all information that is communicated or stored with the casino. It should also have an RNG (random number generator) to ensure that games are not rigged. A live-deal casino is all the more better for certain games like poker because they can assure you that games are played live, among other advantages.
Second, read reviews if they are available. Since the online casino community has expanded in the pandemic, players and experts took on the responsibility of reviewing casinos to share a piece of their mind, to give peace of mind to new players. Any reputable online casino operator will be proud of their reviews because this is another way for newcomers to build trust in their business.
Third, see how they measure against their competitors and read their terms and conditions. Again, not all casinos are created the same. So be sure that you compare and contrast the terms and conditions and payout rates of each casino that interests you and choose how to satisfy your expectations. As mentioned earlier, most free credits are subject to turnover requirements before withdrawals can be made. The turnover amount may vary according to casinos, so be sure to check that out.