Quote from: Silberman on Today at 05:08:18 AM

Quote from: federalmoney_official on February 04, 2023, 09:19:25 AM

Quote from: Silberman on February 03, 2023, 10:33:57 PM

Quote from: Kronos_DAO on February 02, 2023, 11:15:28 AM

Welcome bonuses becomes so popular that nealy all casinos use them. I visited different casino sites and neally all of them have a welcome bonus. It is necessary to conside welcome bonus like a marketing step.

Welcome bonuses have existed way before cryptocurrency casinos were created, a fast internet search seems to indicate the first online casino was opened on 1994 and as gambling online became more popular during that decade bonuses were needed to try to attract more customers, but bonuses are even older than that as psychical casinos have offered them for a long time as well, so giving away many different bonuses has become the standard and any casino which refuses to give bonuses to their gamblers will probably not remain in business for long.

All bonuses to encourage players came to cryptocurrency casinos with online casinos. Now the competition between casinos is so high that each casino, in order to increase its liquidity and increase the number of users, each time comes up with new bonuses or increases the size of existing bonuses in order to stand out from other casinos and show that it is better and more profitable for players.

Without a doubt casinos are doing what they can to gain more clients as any other business would do, however this can be problematic because if they increase the size of their bonuses then the gamblers will ask for even more, so I suppose a point will be reached in which bonuses could be so high that many casinos, especially the ones which are not as solid, may not be able to keep up, and gamblers being gamblers will keep picking the casinos with the most attractive offers, giving an even bigger market share to the most popular casinos which can afford to give away such generous bonuses.

A race to the bottom is evident in this situation. Casinos continually increase the quantity of their incentives since they are in a competitive industry and want to draw in as many patrons as they can. However, if the bonuses get too large and they can't keep up with the competition, this method may fail. Only the most well-known and established casinos may be able to afford to provide such substantial incentives as a result, thus increasing their market share.

However, we also need to take into account how these benefits affect the players. Bonuses have the potential to be incredibly alluring and encourage players to take greater chances, which might result in huge losses. As a gambler, I make it a point to exercise caution when it comes to bonuses and special offers. Before taking any bonus, I think it's critical to carefully study the terms and conditions, comprehend the wagering requirements, and come to a thoughtful conclusion.