Lucky Draw Promotions Friday, Feb 19 2010
Casino Bonus and Casino Bonuses and Bonus Casino and Free Casino Bonuses 11:31 am
Asking players to make specific (and often recurring) deposits to their account, that are required or require them to adhere to other predetermined conditions in order to qualify for bonuses, is one of the most common ways to offer bonuses at a casino. Using this method players are guaranteed to receive bonuses, like a deposit bonus, reload bonus, or even referral commissions. In order to withdraw these types of bonuses certain wagering requirements must be met before the money can be withdrawn.
There are all kinds of bonuses to be gained at casinos and most involve the tournaments, wager amounts, or similar. Besides these types of promotions, there are random promotions that are called “lucky draw promotions”. Various types of lucky draw promotions exist devised to keep the attention of the players. One thing they all have in common is that they are always random.
In order to qualify for this type of bonus, players usually are required to enter specific wagers, or make pre defined deposits to their account. A typical lucky draw promotion would look something like this:
A player is required to deposit twenty credits to the account, and then wager these credits on a specific game. A fixed amount of player names are drawn from the qualified players and those win the lucky draw, which usually consists out of an amount of approximately one hundred credits. It is common for this type of contest to be weekly though requirements and specified games may vary every week. Another technique often used by casinos is to hold small contests where the winners are pre-qualified and entered into the lucky draw promotions.
There are almost as many different timeframes for lucky draw promotions to run as there are casinos online. Some play out in a day, while others take a whole month to complete. This is left entirely up to the casino running the promotions as there are no fixed rules for it. On average one could conclude that the longer the promotion runs the higher the price of the lucky draw promotion will be. Lucky draw promotions running longer than a month are rare but they do exist. With this type of lucky draw promotion there normally are very large amounts involved.
In some contests the prices are not from the casino itself. A good example of this would be a lucky draw promotion where the winners get gift vouchers they can spend in an online store like Amazon. These types of winnings do not hold any wagering requirements and can be used immediately after winning the lucky draw which makes for a big advantage over regular lucky draw promotions. Needless to say these types of lucky draw promotions are the most popular amongst the players.
Don’t go off thinking that casinos lose money holding these types of contests. The gains from the extra requirements always exceed the cost of running the lucky draw promotions. Nothing offered for free is ever really free it is just paid for by somebody else.
M.A.H.