Due to the intense competition in the online gambling segment, online casino vendors bump up their marketing value by enticing players to their establishments via great promotions and bonuses. For an extensive list of the types of casino bonuses offered, please take a look at our guide on Online Casino Bonuses Explained.
Not only are there casino bonuses designed to bring new players into casinos, as with “Sign-up” bonuses, but there are also bonuses designed to keep players happy throughout the year. Repeat business and word-of-mouth are invaluable to the success of an online casino.
Now, as with any business, you have your run-of-the-mill customers who will frequent your store. These customers you look after and offer great specials and promotions too. Then there are the regular clients who are in there just about every day and who spend copious amounts of money at your store. Would these clients then benefit from better discounts and even more nurturing than the previous type of client? Of course, they would. In the online casino industry, the same principle applies. These frequent high spenders are classified as “High Roller VIP’s”.
The word VIP is an acronym for the term “Very Important Person”. This suggests that a “High Rolling VIP” is someone who has built the reputation of being extremely important to the casino because they roll much higher quantities of cash than the average patron. Generally, their deposits made onto casino platforms start at around €1000 or more, which of course subjects them to preferential treatment.
It is for this reason that online casinos usually have “VIP programs” or “multi-level tiering programs” that classify players based on their performance at the casino. The classifications depend on their betting habits and playing frequency. These tiers are often graded in the following way:
Players are therefore assigned points in accordance with the type of deposits they make, the amount of wagers made, the level of games they play, and the amount of time they spend gambling at the said casino. In order to maintain a specific prestige level, you will be required to accumulate a specific number of points. The higher up the grading you are, the more you are expected to spend and earn.
High Roller VIP Bonuses rewards come in the form of some of your regular bonuses, just with far more favourable amounts. They are like normal casino bonuses, but on steroids, to meet the demands of the player. Offering a mediocre bonus to a “High Roller”’ will chase them away from your establishment.
Bigger Deposit Bonuses: VIP’s get better conditions to their bonuses than average players. The Wagering Requirements may be lower, and their maximum bet limits may be higher etc.
Cash Back Bonuses: Often reaching a number of points may make you eligible for bonus credits applied to your bankroll. Often your losses will be related to you as a percentage of what you lost.
Free Spins Bonuses: Unlike regular free spin bonuses, these ones will afford you a giant number of spins. Generally, a minimum deposit is required to qualify for these.
Conversion Rates: The conversion rates of your points back into cash will vary between mid-tier players and High Rollers. Where a mid-tier player may receive 20 points for €100 spent, a High Roller may bet 50 points for every €100 spent.
Withdrawals and Payout Times: VIP’s are subject to faster cashouts than regular players.
Withdrawal Limits: High Rollers and VIP’s are subject to higher limits on their withdrawals, which means they can draw more money out of their bankrolls than regular players.
VIP Manager: VIP’s have access to dedicated VIP managers, who are on call for them 24 hours a day. They can sort out issues like software glitches and pay-out problems.
Exclusive Invitations: Often VIP’s will receive bonus invitations to events and parties. This may even include tickets to sporting events or holiday vouchers and airfares.
Please note that there are terms and conditions behind most bonuses and rewards. Your regular and VIP casino bonuses almost always include Wagering Requirements, and other odd terms and conditions.
When receiving bonuses like ‘Free Spins’ or ‘Deposit Match Bonuses’, you will need to realise that you cannot merely cash out at will. There are specified Wagering Requirements that must be adhered to before you can actually start benefitting from your rise in the bankroll. Often, VIP offers will require that you bet the said amount offered to you up to 15 or 20 times. In short, this means that the cash amount you are awarded must be put back into the game between 15 to 20 times before you can draw on wins.
Though the Wagering Requirements may be lower with High Rollers and VIP’s, the terms and conditions are strictly enforced.
Sometimes, only certain casino games are eligible under your bonus reward. Be sure to read the fine print, to prevent unnecessary frustration. Also, be sure to identify what games reward you the most. Usually, games with a higher “‘house” advantage will pay you out far better points than games with lower “house” advantages. Slots will most probably count 100% towards your High Roller Bonus, whereas games with a better player edge, like Blackjack or Poker, may only contribute as little as 20% to 30%.
All bonuses come with an expiry deadline. The requirements of the game, as well as the wins, must be met by this deadline, or you will lose the bonus and all wins accrued.
There is also generally a pay-out limit set for a specific bonus. With High Roller and VIP bonuses, these limits are set much higher, but be aware that you may not be able to withdraw all of your winnings.
Casinos should stipulate the minimum deposit amounts required in order to qualify for this level of prestige, as well as the points you need to accumulate online, based on your wagering and gameplay frequency. You will need to ensure that you meet the minimum requirement on a monthly basis to maintain this status.
VIP and High Roller bonuses are a sure way to reap decent online gambling rewards, but may also require a lot of hard work at the slots and tables. To maintain your prestige, you will need to be a regular player at the casino. Make sure that you choose a reputable “High Roller Casino” to avoid massive losses. You can get your VIP gambling experience underway with our list of reviewed High Roller Slots.
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