Gambling Industry: Types of Referral Programs for Players

The gambling industry is a billion-dollar business, with new casinos and gaming sites popping up all the time. So how do these platforms attract players to popular sites like Joo Casino Canada, and keep them coming back for more? Many of them use referral programs as a way to reward players for bringing in new business. But what are the different types of referral programs out there? And which one is right for you? Read on to find out.

Referral Program Options in Canadian Casinos

In Canada, there are two main types of referral programs for top online casinos and gaming sites: cash-based referral bonuses, and comp point systems.

Cash-Based Referral Bonuses:

With this type of referral program, players earn a cash bonus for every new player they refer to who makes a deposit at the casino. The amount of the bonus varies from site to site, but is typically a percentage of the new player’s first deposit. For example, if you refer to a friend who deposits $100 into their account, you may earn a $20 bonus. And, as a result, your friend would start off their gaming experience with some extra cash in their account.

The main advantages of this type are that it’s simple to understand and easy to track. There’s no need to keep track of points or convert them into cash – you simply receive a bonus for every new player you refer. At the same time, it’s important to keep in mind that the bonus is only paid out once the new player makes their first deposit, so there’s no guarantee that you’ll actually receive the money.

Comp Point Systems:

With comp point systems, players earn points for every bet they make, which can then be redeemed for cash or prizes. For every new player that you refer to, you’ll earn a certain number of points. The number of points varies from site to site but is typically based on the amount of money the new player bets. For example, if you refer to a friend who bets $100, you may earn 100 points. So, if you refer to enough friends, you could potentially earn a sizable amount of points that can be redeemed for cash or prizes.

Among the advantages of this variant of the referral program, it is necessary to note that it allows for building a certain community of users around the casino since a person who has collected a lot of points can become an example for others, and also receive certain privileges.

The main disadvantage of this system is that it can be confusing to understand and keep track of since you’re dealing with points rather than cash.

Which Referral Program Is Right for You?

The type of referral program that’s right for you depends on what you’re looking for. If you’re interested in earning some extra cash, then a cash-based referral bonus may be the way to go. However, if you’re more interested in redeeming points for prizes, then a comp point system may be a better option. Ultimately, it’s up to you to decide which type of referral program is right for you.