How do new social casinos make money?
Social casinos mostly contain free-to-play games. You can play these games using a virtual currency, sometimes called GC or Gold Coins. The operator will provide players with free Gold Coins when they start to play or give. There will most likely also be daily loyalty bonuses of free Gold Coins. If the player runs out of this virtual currency, they can then go and purchase more of this currency from the operator. Essentially, the player will use real money to buy a virtual currency to play the games on the site. These purchases are the main income of any social casino.
What are social casinos? – the story behind the latest social casinos
The list of legal social casinos in the USA is an extensive one and for good reason. Social casinos provide the ability to play online casino games like slots, blackjack, or roulette for people who otherwise could or would not. This includes people in states where online gambling is not allowed or people who like playing the games but have personal reasons why they would rather not do it for money.
This does not mean that players cannot buy more of the virtual coins used by social casinos instead of real money. A certain amount is given out free each day by the casino, but if players want to carry on after they are used up, they can purchase packs of coins to play with. These have no value, other than in the game, so cannot be withdrawn. Overall, this makes finding the best social casino with real money options an important task, and one this guide can help you with.
Best new social casinos where you can win real prizes
There is a common misconception when playing some of the new social casinos. Players think that because they cannot bet with real money, they cannot win any real prizes. We’re here to tell you the good news! You can, in fact, win real prizes at social casinos. Social casinos follow a sweepstakes gambling model, meaning that you play with what they call Gold Coins, or “Sweeps” Coins. These Sweeps coins can be redeemed for real prizes, depending on the social casino. Another cool fact is that Sweeps Coins can also be swapped for real cash, paid directly into your bank account. In most cases, you cannot purchase Sweeps Coins directly. However, they are offered as a bonus when you buy Gold Coins.
Who should make use of the comparison? – take the strain out of finding the best new social casinos
This comparison guide is for anyone to use, and to make the job of finding the right social casino for them a whole lot easier than it would have been if they chose to look at each one individually. However, depending on whether they were an experienced user, or looking for the first time, they’ll be looking for different types of guidance.
- Experienced players will know what they are looking for, and will simply be looking for a way to make their search easier, and, if possible, pick up some handy tips that can improve their experience and make those virtual coins go that bit further.
- First-timers will need a bit more background and are likely to be interested in what makes a good social casino, as well as needing an expert eye to look at the large number of possibilities out there and narrow the list down to a more manageable number.
If you think you fall into either category or maybe somewhere in between, then we’ve got your back. We can show you how to make that search easier by doing the homework for you and using our comparison to turn a long job into a short one.
How does the currency system work at new social casino sites?
We’ve touched on this a bit earlier, but this is a vital concept to understand. Let’s set it out for you, so you understand the principle behind the social casino currency system.
- Gold coins or GC: at a social casino, you never use real money to play the games, be it table games or casino slots. You will get a virtual currency, in most cases called Gold Coins. The Gold Coins can only be used to play the games on the platform. They do not have any real-world value.
- Sweeps Coins or SC: these coins are a bit different. Usually, the operator will ask you to play them through once, and then they can be redeemed for real prizes or cash.
Deposit methods for new social casinos
As with other online casinos, all new social casinos provide the player with a multitude of payment methods. As you’re playing on a social casino, you’re not technically making a deposit as you never use real money to make any bets or play games. However, you can use your real cash to buy some new coins if you run out at any stage. Payment methods can range from VISA and Mastercard debit and credit cards to the most popular eWallets such as Neteller and Skrill, and even bank transfers. It would depend on which method is most convenient for you, taking into account your access to any of these methods.
Online banking with new social casinos
In the age of eWallets and credit cards, it may seem a bit old-fashioned to still use bank transfers as a way of depositing money into an online casino account or if you’re buying some Gold Coins at your favorite social casino. Bank transfers still have some appeal, though, especially to the gambling community. They offer unrivaled safety and security. As this is still so popular amongst players, you’ll be hard-pressed to find a social casino that won’t accept a bank transfer as a payment method for coins. Banks are, for the most part, impenetrable, and players and operators love that extreme sense of security.
Debit/Credit Cards for new social casinos
You’ve probably guessed what the next payment method is we want to touch on. Yes, trusty old plastic. What makes these so convenient as a payment method for social casinos is that most people already have them in their wallets. The major card providers are VISA and Mastercard, and both offer options at social casinos. Debit cards are a bit easier to get as you don’t have to go through a credit check. The only thing you need in most cases is a bank account. These will always be popular options as almost all US citizens already have one of these cards. They offer quick deposits and are extra convenient.
Skrill, Instant ACH, and Paysafecard with new social casinos
We wanted to highlight a few popular payment methods we have found quickly. Skrill, as previously mentioned, is an eWallet that has specific products that cater to online casinos. You can also use their products to buy coins at a social casino. Instant ACH, or automated clearing house, is an electronic transfer of money between banks, allowing the receiving account to show the money before it’s debited. Instant ACH provides quicker purchases than even same-day ACH transfers. Lastly, we can have a look at the Paysafecard option. Paysafecard is a token with a 16-digit code that you can use to pay online. The best is that you don’t need a bank account or credit card.
How to redeem cash prizes at new social casinos
If you want to redeem your Sweeps Coins for cash at a social casino, you will be prompted to go through a Know Your Client or KYC process first. It is a standard procedure and very easy. Let’s have a look.
Government-issued photo ID
Here, you’ll have to get ready to get out those embarrassing driver’s license photos. You will be asked to upload a few documents, one of which must be a government-issued photo ID. You can use your passport as well. Depending on where you look the best.
Proof of residential address
Next, you will need also to send some proof of where you live. These can include any of the following:
- Insurance card
- Lease agreement
- Utility Bill
- Mortgage agreement
- Property tax receipt
Most of these will be sufficient to show that you are a resident of the US, which would be the point.
Bank statement
Lastly, for the KYC process to be completed, you will also be asked for a copy of your bank statement. We know it could seem intrusive, but this is to make sure that there is no money laundering or fraud taking place. Again, this is standard practice and nothing to worry about.
Operator checklist: 5 things we look for when rating social casinos – in-depth and objective reviews
Finding the right place to play all the top social casino games isn’t easy, and if you are going to accept some expert guidance, you are going to need some reassurance that the people involved actually are experts. To put your mind at rest, we carry out in-depth, objective reviews and we leave no stone unturned, but as someone searching for a new social casino, you will want to check out these most important areas:
- Security – we make sure that the site is a secure place for you to share your data, and, if you choose to buy more virtual coins, that your transaction will be safe and private.
- Usability – we also report back on what it’s like to use the site to play the games, how they load, and if there are any problems on the website or social casino app if one is available.
- The bonus – we look at what is there for you if you join, and how it compares to the welcome offers available at other social casinos that make the grade.
- Customer service – a new social casino could have teething problems, and if these occur we report back on what is in place to help you solve any problems.
- Promotions – we tell you what other offers besides the welcome bonus are in place, so you can make an informed decision on whether you choose to stay around or not.
As you can see, we know what to look for. Our team of experts has years of experience so know what makes a good online casino (social or otherwise), and could even spot something you might miss, saving you from making a time-consuming or even costly mistake.
Editor’s recommendation – the best new social casino
As pretty much all social casinos are new, this is quite a wide range, but even so, our team has found one that stands out from the crowd for several reasons. Firstly, it is quite a big name that new players are likely to trust, and as such has a range of games to offer that overlap with those you will find in real money casinos.
This is not the only reason why BetRivers gets the nod, as the set-up also offers excellent customer service, a handsome bonus, and frequent rewards for regular players. Overall, this operator is the best all-round performer that should suit pretty much everybody reading this.
BetRivers is, as we mentioned, a good all-around social casino, but that might not suit those who are looking for something specific or somebody who just wants to make their own decision. If this is you, then our comparison can make that easy, as all social casinos are reviewed according to the same criteria and rated accordingly.
This means that all the details are there for you to see without looking at the operators yourself, so you can see in detail what each one has to offer. You can check if certain games are covered, or if your favorite game provider has contributed to the site. Whatever you are looking for, the whole process can be made faster and easier.
Daily Rewards up to 10k VC$
5 ultimate tips for using the best operators – getting started in the best way possible
Finding the right social casino is one thing but making the most of it is another. To help you with that as well, here are some things you’ll need to bear in mind as you start playing:
Use the bonus wisely
The longer you make the bonus last, the more fun you can have while playing the game. Putting it all down on just a few wagers means the experience can be much shorter than you’d like, and you’ll have to wait until tomorrow for more virtual coins.
Log in each day
New coins should be available each day, so make sure you make the most of it – especially as many social casinos have incremental awards for those that log in consistently.
Check out what else is there for you
Using your virtual coins in the casino is great, but if there is also a sportsbook available, it can be double the fun.
Don’t get too creative
While new experiences can be fun, you’ll get more value for your coins by playing games you know, rather than wasting time on finding out you don’t like a game.
Manage your time
Social casinos are made to be fun but don’t get so immersed that you miss out on other things. Limit your time on the site each day so you can play responsibly.
Benefits of playing social slot games with new social casinos
Social casinos are e great stress reliever and time-killer. The main benefit we can see is that playing at a social casino is totally free. There is absolutely no obligation on you as the player to fork out any money to buy coins. Social casinos reward loyalty on a regular basis by showering players with free coins. If you take advantage of their social media challenges, usually on the social casino’s Facebook page, you will have enough coins for casual play. You are not forced to buy any coins. The choice is totally up to you. If you’re on the newest social casinos, you’ll also be treated to new games with great graphics and sounds.
Disadvantages of playing on older social casinos
Playing at an older social casino can become a drag. The first thing you’ll probably realize is how dated the games would look at one of these older casinos. They also might not handle as quickly as newer casinos as they are not optimized to work with the latest browser and operating system technology. Another disadvantage is the availability of new payment methods. You’ll most likely be limited to only a few options when playing in an older casino. Newer social casinos have better loyalty programs than older ones, as older casinos have not consistently developed their marketing strategies as with newer ones.
Conclusion – everything you need to know about finding your new online social casino
Finding the right social casino can be problematic but using this guide can make it a whole lot easier. It not only has an editor’s recommendation, but it also has the main criteria you should look for when finding one yourself. This guide also points the way to our reviews and comparisons that do the heavy lifting for you and save you from the uncertainty of going around each one yourself.
You’ll agree this guide is a useful, time-saving tool, and there are plenty more for you to use here at Thegruelingtruth.com.
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New social casinos FAQ
🤔 Do new social casinos have bonuses?
Social casinos don’t operate in exactly the same way as real money casinos but do still have a lot of things in common. To discover whether or not a welcome bonus is one of these, read our online guide.
❓ Which is the best new online social casino?
There are so many social casinos that this can change quite often, but by reading this guide, you can discover an easy way to find out which one is currently the top-rated.
💭 How do new social casinos make money?
Social casinos give you free virtual coins when you join up and every day when you log in, so you might wonder why they do it. To get the full story on how new social casinos make money, read our online guide.
