Falling in line with many other major companies, casinos are sparing no expense in their attempt to ensure the loyalty of their customers. One of the ways the majority of reputable casinos accomplish this is through the use of comp points, as part of loyalty rewards programs. These programs are meant to encourage their existing customers to play more and remain loyal to that particular casino or casino group as well as to attract new members who are looking for a new place to play.
What are comp points and how do they work?
Comp points or loyalty points are an extra incentive that you basically get for nothing, while you are placing your usual bets on the casino’s games. How many points you get for each dollar wagered is something that changes from casino to casino. But generally speaking, playing on certain games, like Slot machines, will give you more comp points and will also help you finish your wagering requirements faster. While other games, such as Roulette, might not give you any comp points at all. So make sure to keep those rules in mind when you play at more than one casino, to ensure you make the most of each casino’s reward program.
In any case, the main idea behind these rewards programs is that the more you play the more points you earn, regardless of how much you deposit. So even if you only have a small budget, you still have a chance at getting lots of comp points if you hit a nice win and get extra play time out of it. That is because these points are issued for the total amount you manage to bet, not for the amount you deposit. So if you deposit $20 but get some nice wins and manage to bet a total of $1000 out of it, you would get more loyalty points than someone who deposits $100 but doesn’t get a single win and only manages to bet $100 total.
Once you have earned a certain number of comp points you can redeem them for cash, bonuses or other rewards. One thing to remember here is that the points can usually only be redeemed in increments of 1000, 2000, 5000, and so on, depending on the casino. So if you have 900 points and that casino allows you to redeem them in increments of 1000, you’ll have to keep on playing until you reach 1000 points. Or you could just try your luck and ask the casino to top them off for you. They’ll sometimes do that for you if you’re really close to the target.
What are VIP points?
For each rewards program, casinos will generally also offer a VIP version to their frequent depositors or high-rollers. This is sometimes called a „VIP Club”, „VIP Lounge” or something around those lines. For land-based casinos this translates into complementary drinks, meals, shows or even luxurious hotel rooms.
But online casinos have had to adjust this practice and optimize it for the online environment. The bases of the VIP clubs in online casinos are VIP points - a type of comp points that are awarded to VIP members of casinos. They generally work in the same way as regular comp points, but they tend to have a faster accumulation rate and a better exchange rate than regular comp points. So you get a lot more extra incentives for each bet you make.
The basics of rewards programs, comp points and VIP points
There are basic common points for pretty much all rewards programs in online casinos. And these are the things that you need to check when you register with a new casino:
The accumulation ratefor each type of game -> It tells you how much you need to bet on each type of game to earn a comp/VIP point.
The excluded games-> These are games on which you can still place bets and win, but your betting will not result in any comp/VIP points being awarded on your account.
The validity period-> The comp/VIP points will usually have an expiry date, like 90 days since the last bet was placed on the account. So in case you plan on taking a break for a few months, you need to make sure that you redeem your comp points beforehand.
The conversion rate-> It tells you what is the minimum number of points that you need to earn in order to redeem them, and what amount of bonus or cash money you get when you redeem them.
The Loyalty Tiers-> They are a feature of rewards programs, which allows you to basically move up the ladder as you play, so your benefits will get better and better. For example a player at the basic Loyalty Tier might get 1 point for each $1 wagered, while someone at the top Loyalty Tier might get 2 points for $1 wagered. That’s double the perks for the same amount of money.
The other perksyou have, apart from redeeming the comp points for cash -> Some casinos will also offer other benefits, such as higher accumulation rates, invitations to exclusive tournaments, birthday bonuses, gift baskets sent by mail, cruises, and so one. These will generally apply for the highest loyalty tiers.
Now that you know what to look for in a rewards program and what are comp points and VIP points, you can start looking for the casino with the greatest Loyalty program out there. This will allow you to get the best value for your money, as many comp points as possible and tons of extra playtime and chances to win.