In recent years, online gambling has become very popular among people all around the world. Various online casinos offer original themes and live casino games as well as varying casino bonuses and promotional offers. All of them compete with each other to draw new players to their particular site and retain the existing one.
Keep reading to know why casino bonuses tend to seem a little too good to be true and how you can keep your expectations more realistic.
Bonuses come with wagering requirements
The thing you must know and always keep in mind before choosing a casino bonus is the wagering requirement. It is a multiplier that represents the number of times you have to play through a bonus before you can cash out your winnings. For instance, if you are given a £50 casino bonus with a 10x wagering requirement, you need to spend £500 on casino games before withdrawing the winnings.
Each bonus comes with a wagering requirement to ensure that players don’t make their deposit, withdraw their deposit in addition to the welcome bonus and leave. Some casinos make the withdrawal of funds difficult to limit the bonus seekers. The wagering requirements can be found in the casino terms and conditions, which you should consider reading before depositing money in your casino account.
All casino games have a built-in house edge usually represented by RTP. Fulfilling the wagering requirement means subjecting your bank balance to the house edge repeatedly. Subsequently, the fewer money players have to wager before unlocking the bonus, the less they have to worry about the house edge. Avoid choosing online casinos whose wagering requirement is above 50x as this kind of deal is unfavourable. You can know the experience of previous players about a particular bonus from the casino reviews section.
To get the most value for your money, you must look for a casino that offers a cashable bonus with no maximum cash out limits on that bonus. The problem here is that not all casinos offer such type of bonus and you won’t see the term “no maximum cashout” advertised prominently even at online casinos that offer this bonus.
Most casinos have set a limit to the amount you can withdraw from the casino account before having made the initial deposit. For example, if the cashout limit is £1000 and you won £2000 with your no-deposit bonus, you can cashout only £1000. When gambling with real money, you need not worry about such limitations.
Bonuses have expiration dates
When using a casino bonus, it is always wise to act quickly. Keep in mind that deals might expire before you have a chance to use them or cash them out as bonuses have notoriously short expiration dates. If you don’t wager the winnings during the specified time, you’ll lose the bonus amount. Mostly, the expiration date might be just 3 or 7 days from the day you receive the bonus. You must read the terms and conditions carefully before opting for a casino bonus.
Bonuses are usually meant for certain casino games. Your options are fairly limited and you might not have time to comfortably experience the full spectre of casino’s capabilities unless you make a deposit. Hence, the bonus might be somewhat useless as you’d need to deposit money if you want to try more games.
A large number of criteria to follow
When something is given out freely, there’s usually a list of things you need to comply with in order to actually get that freebie. The motive behind such limitations is the casino’s necessity to protect themselves from scammers. Besides the aforementioned limitations, the casino bonus might not be available when the deposit is made using certain payment methods or the amount might be limited to certain sums.
Considering all these limitations, it’s wise and essential to always read the full print. This is the only way to avoid unpleasant surprises during the gameplay and get the best out of casino bonuses. However, keep in mind that it may be reasonable sometimes to wager with your own money.
SummaryName: How does online casino bonuses benefit players worldwide
Author: Helen Stratford
Published Date: 07/10/2019