One of the best ways an online casino attracts new punters is by offering some generous casino bonuses to both new and existing players.
There are usually some common bonuses available at online casinos, including welcome bonuses, no deposit bonuses, reload bonuses and much more. But, as a new player, you may be curious as to how these bonuses work and if they are actually as profitable as they seem. The good news is that most legitimate casinos actually do offer some great bonuses that are exactly as good as they sound.
But, as with all bonuses, it is important to read the terms and conditions before getting too excited as there could be some requirements that will need to be met before you can claim your bonus. It is, therefore, a good idea to know exactly how certain bonuses work. Visit Casino Pros to view the top online casino bonuses on offer at the moment.
All About Wagering Requirements
One of the terms of claiming a bonus is that certain wagering requirements will need to be met. Bonus wagering requirements will tell you what you need to bet before the bonus funds will be released. Generally, most online casinos feature a wagering requirement of between 20 and 40 times the deposit amount plus the bonus, but this can go up to 70 times at some casinos. This basically means that if the bonus is a 100% match and the wagering requirement is 20x, your deposit of $100 of your own money will be matched with an extra $100 bonus, but you must bet $4000 at the casino before you can claim this bonus. While this may seem unreasonable and even unfair, bear in mind that there is a good chance you will earn some additional wins as you play towards meeting your wagering requirement.
All Games are Not Equal
It is important to note that not all games satisfy the bonus wagering requirements in the same way. Playing online slots may help you meet these requirements, while table games may only contribute 50% towards your requirements. In some instances, certain games may not contribute towards this wagering requirement at all. Again, these depend on where you play, so it is important to read the terms and conditions of any casino before signing up. Make sure to pay careful attention to the bonus requirements and game contribution rates section.
Does the House Always Win?
As any player with some experience in gambling would know, statistically, every game favours the casino, also known as the 'house'. This means that over time, casinos will make more money than they pay players. This advantage the casino has over its players is known as the 'house edge', although the house edge differs between games. If you have a tighter budget, check out the individual games and consider its house edge before playing and betting real money.
When Bonuses Turn Bad
Some bonuses may not be worth the time and money at all, especially in cases where the wagering requirements, game percentage rates and house edge are not in your favour. If your losses work out to be more than the bonus, you will be better avoiding the bonus or look for a casino offering better odds. If it's a case of using your entire bankroll just to unlock a bonus, it is definitely not worth the risk.
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