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You`re right about new casinos. They try to get new gamblers with all kinds of rewards and it can be a good choice for bonus hunters, but the same time new casinos can be a scam. For gamblers, that wants just to gamble - old casinos with good reputation can be the better choice due to their account bounty program. For gamblers that want to play for a long time it can be better decision.
Anyway, we can`t change the casino politics, we can just choose the casino we like most than others.
I think that in the near future, the policies of casinos with respect to bonuses may be more similar to those of brokers, who only use bonus money as a leverage for operations, if and only if the person decides to use it, otherwise I think that is not possible. If the new casinos begin to implement this type of policy, it may be that they will do much better than many do when they start, with that they save the problem of vulnerabilities, and obviously the casino bonus is "No Withdrawal" nor with wager requirements or something similar, and that is decreased each time you leave without making withdrawals.
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New casinos that really wants to grow very fast need to adoption different method of complimenting their customers which will make some gamblers attract more friends and people that will love to try a new casino that has a good rewarding system for new and old users.
This time around some gamblers that have had really bad experience with new casinos that scam them will not want to use a casino without seeing how far they have been in existence and how good there reputable had been. All these are ways that keeps some casinos stay static and never grow as fast as possible.
They can use referral system and bonuses for account for long time gambling. And some gamblers can get good profit from inviting gamblers. The same time the casino get new gamblers. Such system ought to be more profitable than in other casino to attract new gamblers. And of course, such new casinos have to work hard with bugs and support gamblers to get positive feedback.
What happens is that everything sounds very good, but we have to take into account that there are many people who are in charge and handle the issue of referrals very well, and this is something that can be very delicate, because I have seen in systems that apply and they let referrals stay that they always refer so that they can count as such, it is that they enter, deposit and play a minimum so that they can have interaction and be valid, for the rest I think it does not apply, this is something that should be taken into account It is a concern and therefore I see it as something to be careful about, because it can involve a lot of work and a minimal failure and the benefit will not be given.
The bonus and referral system always changes and the security makes some proposal how to change it, to make it more stable and to decrease cheaters opportunities.
I can agree that the referral system is a serious problem to the casino due to multiply accounts and to situations when the referrer just withdraw his referral bonus. Possible, that it will change soon, at least this system needs some restrictions.
And the bonus system is the instrument to promote the casino. For the gamblers it gives a chance to test the casino without spending money. It brings much more profit to the casino when cheaters can get i think.
Well, there is no denying that referral systems make many people excited and start looking for many more to see if they can earn some more money, and some like it and have fun doing all that process of calling their friends, telling them that they support them to register and all those things that are done, but I think that currently people are a little reluctant to do so, they think that they will put them in a ponzio system or something and that they do not want to get chipped by those things, however it's a good strategy, and also the casino gains more fame, so I don't see it as bad, just like the bonuses I see it as a system to attract more people, but when they realize the terms and conditions to withdraw, that's it when they begin to dislike and become disappointed.
Well, I have always said something, the referral system is something that can be very relative, there are bonus programs where they tell you that you should look for many referrals to earn more money, but they do not say the terms and conditions and among those conditions is that each referral must make their registration that meets their KYC requirement and apart from making deposits or something, and most referrals are people who also want to enter to win, when they tell them what they have to deposit or something like that, the safest thing is that they disappointed or something
That is why I see referrals as a double-edged sword, because if the referrals leave there is no profit for those who seek them, and this causes them to lose, so it is better to read before looking for them, or when looking for them, tell them the conditions.
And it seems to me that the referral system is gradually ceasing to be an effective marketing and promotion tool.
The reason for this, I think, is that this is a rather time-consuming mechanism and the small income that a player can receive from referral links is often not worth the time spent, especially when those invited through the links must also fulfill a number of conditions, such as, for example, pass KYC.
I think there will be too few applicants and, accordingly, the income will be too small.
Well it's a fact, now with all the promotions that exist it can be said that there could be better promotions, I even think that just going to twitter and having a good contest is enough, currently people evaluate the amount of work they can do, and if it is profitable or not, I have seen how the referrals are not like before, now the work is stronger, if a casino intends to make a referral system, I think that is not the way, there are many better techniques and strategies that can achieve a better position in social networks and have more community in a casino.
There are few casinos that have their own forum, and those casinos have a more particular way of communicating with their clients, with their VIPs and of making contests that are much juicier in terms of prizes, the case of stake.com is a great example .
I, too, observing the evolution of all sorts of methods to encourage users of sites, and above all such as gambling sites, found that indeed groups created on social networks such as Twitter, Telegram and others are increasingly gaining the attention of players.
And accordingly, their influence on the issues of additional bonuses and sometimes even earnings increases.
Now that Elon Musk has acquired Twitter, this type of distribution of bonuses may well develop more actively. Because Musk is an exceptionally talented businessman and perfectly understands what the development of bonus programs is and will bring additional profit to him.
Well there you are absolutely right, really Musk is a master of finance, and for me he is one of the greatest negotiators of all time, besides the money he has is quite respectable and his intellect, the bad thing is that the Bitcoin community does not want it because it had very strange behaviors, at one point it supported Bitcoin and then it did some FUD and that is not something that people like, so at least in terms of Bitcoin they do not see it very well, but it should not be deny that he has very good ideas and that he can improve many things, from what I have read he said that he would eradicate scams through twitter and that he will put some rules to protect users.