The online gambling industry has grown many folds in the last decade. A few years ago, the only way you could gamble big money was by physically going to one of the casinos near you. You were limited in terms of the games you could play at the casino as it is physically impossible to visit more than a few casinos at a time, except if you’re visiting Las Vegas or Macau.
On the other hand, if you’re gambling online, there is no limit to the number of casinos you’re betting at. People can gamble at an online casino from anywhere in the world. Consequently, a single standard for a currency does not exist in most online casinos. This created a big challenge for the online casinos – how to make the bonus system fair for all.
An online casino bonus is when an online casino offers a reward to the players, like with BetMGM bonuses. It usually means a deposit matching in bonus cash or on-site currency. Casinos also offer bonuses as a part of a welcome package or seasonal promotions. This bonus usually relies upon the amount the player is depositing in the first place.
The Exchange Rate Problem Prevails
Since an online casino is open to most countries in the world, they want their players to have the freedom of using the currency of their own choosing. Most online casinos offer common global currencies such as USD, GBP, and EUR. Since these currencies have a different real value, there comes the equality problem.
One of the most common ways to tackle this issue is by offering real value bonuses. This means that if a bonus of 100 USD is offered to a player dealing in USD, equivalent bonuses are given to other players, which roughly equates to 80 GBP or 90 EUR.
This method of bonus does promise some level of equality, but it comes with its own challenges. One of the most obvious issues with this method is the fluctuating exchange rates, which usually means that a player dealing in USD is given a higher bonus than GBP or EUR users.
Moreover, it is not practical for the casinos to frequently change the bonus amount. Another problem with this system is if a player is placing one credit in GBP as compared to a player placing one credit in USD, the former is placing a bet with higher real value than the latter.
This has led to a lot of online casinos to offer identical numerical value, which is 100 USD, 100 GBP, and 100 EUR to players dealing in USD, GBP, and EUR, respectively.
The New Bonus System: Play United
The more recently equipped bonus system by online casinos is called Play United. This system may offer a tier-based welcome bonus going up to 750 credits irrespective of the currency chosen by the player.
In the initial installment, the player might receive a 100% bonus on their deposit with a limit of 150 credits. In the following installment, the player might receive 25% of the deposit as a bonus with a maximum of 150 credits. The players placing their bets in USD, GBP, or EUR receive their bonuses and maximum credit limits in their respective currencies aiming to achieve a united playing system of all.
