With literally thousands of different online casinos to choose from, you need to be aware that some simply aren’t as good as others. It’s up to you to be aware, read the small print and play wisely. Most importantly, don’t be tricked by tempting casino bonuses!
Every online casino offers its players one type of bonus or another. You need to understand what you’re being offered and with wagering requirements to consider, you’ll find that some bonuses aren’t worth the effort.
As the saying goes, there’s no such thing as a free lunch. And nowhere is that truer than in the gambling world. Everything from bonuses to benefits for loyal players come with drawbacks and not to be ignored small print. From promotions to not to be turned down VIP programs, casinos will do their best to keep you playing. So before you accept any special offer or perk, think about what you’re really getting out of it. The same is true at real world casinos where the players who are willing to risk the most will be offered free drinks and even in some cases a hotel room for the night. The tricky thing about online casinos, however, is that often the bonuses are harder to turn down as they’re offered the moment you make your first deposit. At online casinos you don’t need to be a top offer to get sucked in with a tempting offer.
The most commonly and often misunderstood bonuses are the Welcome Bonuses and Reload Bonuses. These are offered to new players and are often Match Bonuses. This means that the casino will match the players deposit up to a certain amount. For example, if the casino offers a 100% Match Bonus and the user makes a deposit of $100, the casino will match that with $100 credit bonus. This is where it gets a little complicated and where new players can get caught. While they can immediately play with the credit bonus, they won’t be allowed to withdraw it or any money they make from betting with it until certain requirements have been met.
Before a player can withdraw bonus cash they need to fulfill certain conditions which are often buried in the small print somewhere on the casino’s site. These conditions are known as wagering requirements. Wagering requirements stipulate how much a player needs to make before being able to cash out. The wagering requirements are calculated as the sum of the player’s deposit plus the bonus multiplied by a figure set by the casino. For example, say the wagering requirement is 12x and the user deposits $100 when there is a Match Bonus of $100. That would mean that the wagering requirement is $2400 (12*($100+$100). Without knowing this a new player can easily come short and lose lots of hard earned money.
Another important thing players need to keep in mind about wagering requirements is that they vary from casino to casino. It’s important to carefully evaluate a bonus in light of the wagering requirement. That’s the only way to really understand if the bonus is a good offer or a waste of time.
Another potential stumbling block for new players is the Free No Deposit Bonus. This is often offered when a new player registers an account and is oh so very tempting as they seem to come with no strings attached. With the Free No Deposit Bonus, players are given a credit bonus with which to play without needing to deposit a dime. Players even get to keep what they win. If you’re thinking that sounds too good to be true, you’re right. These bonuses aren’t no strings attached gifts the casino is giving its players. Remember a casino is a not a charity. These bonuses are also limited by wagering requirements and it’s up to you to do your homework and find out just how much you need to invest before you can strike it lucky.
Now that you’ve got your head around wagering requirements, what you need to understand is that not all games carry the same value when it comes to fulfilling these requirements. Games where the odds are stacked against the player will count more. Generally 100% of each wager made at a slot machine will count towards fulfilling the requirements while in a game like Blackjack only a small percentage of the wager will count.
If you don’t want to leave an online casino broke, it’s important that you go into every game well informed and aware of all the risks. Do your homework and remember that in life there is no such thing as a freebee. Casinos are a business and in offering you different bonuses they’re simply trying to satisfy their bottom line.