Mill of Magic Limited
Established in 2020, LyraCasino has become a fan favorite of many online gamblers throughout the world. The platform is owned and operated by DMG Solutions B.V., and it holds a Curacao gaming license. LyraCasino offers players a broad catalog including more than 2500 excellent slot games and high-definition live casino games from top iGaming software developers such as Microgaming, Play’n Go, Booming Games, and Evolution Gaming.
A “Welcome Bonus” is a promotional offer provided by online casinos to new players who sign up and make their first deposit. The bonus is usually a sum of money or free spins that can be used to play various casino games.
The purpose of the welcome bonus is to encourage players to join the online casino and make a deposit by providing them with extra funds to play with. Welcome bonuses can vary in size and type, and may be presented as a percentage match of the player’s first deposit, a fixed amount of bonus money, or a combination of both.
It is important to note that welcome bonuses typically come with terms and conditions, such as minimum deposit requirements, wagering requirements, and restrictions on which games can be played with the bonus funds. Players should always read the terms and conditions carefully before accepting a welcome bonus.
A free casino bonus is an incentive offered by online casinos to attract new players or retain existing ones. It is a type of promotion that offers players a specific amount of money or free spins to play casino games without having to make a deposit. These bonuses come in various forms, including no deposit bonuses, welcome bonuses, loyalty bonuses, and free spins. Players can use the bonus to try out different games and potentially win real money without risking their own funds. However, these bonuses often come with terms and conditions, such as wagering requirements and game restrictions, that players need to be aware of before claiming them.
When accepting a bonus, you are actually required to meet certain wagering requirements before requesting any withdrawals. Wagering works as follows – you accept a 100% bonus and proceed to make a 100 EUR deposit, which gives you 200 EUR to play with. In this particular example, let’s pretend that the wagering requirement is 40x. This means that you will have to play for a total of 4000 EUR before the wagering is cleared (100 EUR x 40 = 4000 EUR).
A casino license is a legal authorization granted by a regulatory body that allows an online casino to operate legally within a specific jurisdiction. Obtaining a casino license involves meeting certain requirements, such as having secure and fair gaming software, implementing responsible gambling policies, and having sufficient financial resources to cover player payouts. The license is typically issued for a specified period, and the casino must renew it regularly to maintain its legality. The primary purpose of a casino license is to protect players from fraudulent or unethical operators and to ensure that the casino operates fairly and transparently.
Slots refer to online casino games that involve spinning reels with various symbols. The objective is to match the symbols on the reels to win a payout. Slots come in different themes, such as adventure, fruit, animals, and movies. They are typically easy to play, making them popular among online casino players. Some slots also come with bonus features such as free spins, multipliers, and wilds, which can increase the chances of winning.
In an online casino, “scatter” is a term used to describe a symbol that triggers a bonus feature or free spins. Unlike other symbols, the scatter does not have to appear on a specific payline or in a specific position to trigger the bonus. Instead, it can appear anywhere on the reels and still activate the bonus feature. The more scatter symbols that appear on the reels, the higher the chances of triggering the bonus feature.
“Wild” in online casino refers to a symbol or card that can be used to substitute for any other card or symbol in a game, increasing the chances of winning. It is commonly used in slot machines and video poker games. For instance, if a player gets two matching symbols and a wild symbol on a payline, the wild symbol can be used to complete the winning combination. Different games may have different rules for how the wild symbol functions.
Free spins are a type of bonus that online casinos offer to players, allowing them to play a certain number of spins on a slot machine without having to pay for them. These free spins are often given as a reward to new players when they sign up, as well as to existing players as part of promotions or loyalty programs. The winnings from free spins are usually subject to wagering requirements, meaning that players need to bet the amount won a certain number of times before they can withdraw the money. Free spins are a popular way for online casinos to attract and retain players, and they can be a fun and exciting way to try out new games and potentially win big prizes.
A Sticky Wild is a type of symbol in online slot games that remains on the reels for a specified number of spins. This symbol typically appears during a bonus round and can be used to create more winning combinations. Unlike regular wild symbols, Sticky Wilds remain in place instead of disappearing after one spin, and players can benefit from them for several rounds. This feature adds excitement and increases the chances of winning big.
An Expanding Wild is a special symbol in online casino games that can expand to cover multiple positions on the reels. When an Expanding Wild appears on a reel, it can substitute for other symbols to help create winning combinations. However, it also expands to cover more positions on the reel, increasing the player’s chances of winning even more. Expanding Wilds can appear in different forms, such as stacked, sticky, or even with multipliers, depending on the game. They are popular among players because they can lead to big wins and add excitement to the gameplay.
RTP, or Return to Player, is a percentage that represents the amount of money that a particular casino game pays back to the players over a long period of time. In other words, it is the amount of money that a player can expect to win back from a game over a long period of time. For example, if a game has an RTP of 96%, it means that the game pays out 96 cents for every dollar that is wagered on it. The RTP is usually calculated by the game’s software provider, and it can vary depending on the type of game and the specific rules and features of the game. It is important for players to understand the RTP of a game before they start playing it, as it can have a significant impact on their chances of winning.
In online casino gaming, variance or volatility refers to the level of risk involved in a particular game. A high variance game has a higher risk and potential for big wins but also a higher likelihood of losing streaks. On the other hand, a low variance game has a lower risk and offers more consistent, but smaller wins.
Players may choose to play high or low variance games based on their personal risk tolerance and playing style. It is important to understand the variance of a game before playing to make informed decisions and manage one’s bankroll effectively.