The increased completion in the world of gambling has resulted in the creation of new online casino bonuses. With the upsurge of casinos on the web, there is stiff competition and every online casino is trying its best to lure new players and make sure the existing players are always interested. One of the best ways through which online casinos have successfully attracted new players into their sites is by offering the best casino bonus offers, loyalty programs, and special offers.
Casino bonuses are very popular amongst both new and seasoned players who are trying to find ways they can grow their bankroll and hopefully increase their chances of winning more cash at the casino.
How Bonuses Are Calculated
Casino bonuses and promotions are a very important aspect of every gambling site’s marketing approach. Here we take a closer look at the key aspects of the common bonus schemes.
In most cases, players are not forced to accept the bonus offers and the casinos have a reason why they do this. Therefore, it is upon a player to determine whether the casino bonus they have found is worthwhile and whether they should claim it or just pass. The best thing to do when checking whether the casino bonus you have found is worthwhile is to read the rules attached to the bonus. It is only after reading these rules that you can tell what the casino needs you to do so that you can be able to collect the bonus offered.
First, you should know that most online casinos do not just give these bonuses for free. For you to take advantage of these bonuses, you will be required to use a specific bonus code that is offered to you as soon as you become eligible for the bonus offer. Depending on what the casino wants, you can head straight to the casino’s cashier section and redeem the casino bonus you have just claimed. Nevertheless, some online casinos will give you the bonus money automatically. All you have to do is fulfill their terms and the bonus will be automatically credited to your account. Therefore, you need to take time and learn the rules before you can claim the bonus. This is because some online casinos will require you to contact their customer support team before the bonus money can be credited into your account.
There is no room to be careless when playing casino games online and this also includes when playing with casino bonuses. Everyone wants to claim a casino bonus that they can eventually cash out. It is useless to claim and receive a casino bonus that you will never be able to withdraw. If this ever happens, then you will be stuck at the casino and your winnings will be useless since you cannot access them.
Wagering Requirements
If you want to cash out the bonus money you have been given by an online casino, then you must meet the playthrough conditions or the wagering requirements that include the rules of the bonus money given to you.
In most cases, the wagering requirements refer to the amount of money that you will be required to wager for you to collect the bonus money together with your winnings. For instance, if an online casino offers a generous bonus of $200 which is attached to 30x, after your initial deposit of $100, this means you will be required to play the bonus plus the deposit 30 times before you can be allowed to cash out your winnings. In simpler terms, this means you will have to wager ($100+$200) * 30 = $9,000 before you can cash out your winnings. While this is possible, it is going to take you time and money.
As a result, you must be very cautious when choosing the best casino bonuses and only choose those bonuses that you strongly believe you can meet the playthrough requirements. The truth is that most of the games you find at the casino having a low house edge are often excluded from the wagering requirements. Therefore, most casinos will not allow you to play poker or blackjack as a way of clearing the wagering requirements.
The best thing to do when you find a casino bonus is to first read the terms and conditions attached to the bonus so that you can know everything about the bonus and what you have to do so you can qualify to make a withdrawal.
Are Online Casino Bonuses Profitable
As mentioned earlier, not all casino bonuses have the same value and some of the casino bonuses you find online are useless and a complete waste of your valuable time. Some casinos only offer these bonuses as promotion stunts, but deep down they already know the wagering requirements attached to the bonus are just impossible to fulfill.
One of the things that you must understand if you want to claim the best casino bonuses is the RTP and the house edge.
As mentioned earlier, if you claim a $200 casino bonus that is attached to $30, after you have made a $100 deposit, this means you will have to wager $9000. According to the rules attached to the bonus, these wagering requirements can only be met by playing certain casino games.
First, online casinos will not allow you to play casino games with a low house edge such as poker or blackjack to clear the wager requirements. Most casino sites will require you to play games based on pure chance such as online slots.
Essentially, an online casino gives you a $200 welcome bonus, but then sets the rules which theoretically make it harder for you to win when playing with the bonus. While you may still win when playing with the casino bonus, the casino will have succeeded in their goal which was to attract more players.
Fortunately, not all casino bonus offers are like this. For example, if the playthrough conditions are only applicable to the bonus money, it can be easier to clear.