Are Casino Bonuses Worth Your Time and Money?
If you are an avid gambler, you are going to come across a large number of casinos and an even larger number of different bonuses and promotions they offer. Online casinos always try to go bigger and better than before, in the hope of enticing new players who will register and spend some money on their websites. Even though many of these bonus offers look too good to miss, you should consider some potential troubles before trying to claim them.
Are all casino bonuses worth your time and money? If not, how should you recognize the ones you should go for and those that you should stay away from? These are the questions that we will discuss in the rest of this article. What Is the Cost of a Casino Bonus? Even though the whole point of a casino bonus is to help you win more, most bonuses come with a price that you have to pay.
In some cases, that price is higher than in others. For example, no wagering casinos are usually a good place to start because of their nature that makes no wagering bonuses the easiest to claim. However, when you’re trying to figure out the exact price of a bonus and calculate whether it will pay off in the end, there are several factors you should consider.
● The wagering requirement
● The house edge
● The wagering percentage each game contributes to the wagering requirement The wagering requirement tells you how many times you need to play through a bonus and/or deposit amount before you can withdraw real cash.
The wagering requirement for most bonuses is anywhere between 30x – 50x. If it’s higher than that, you should skip it. In the end, it’s up to you whether the wagering requirement is too high or not. Do you have the money needed to invest in the bonus? Regarding the wagering percentage, it’s important to know that some games contribute more towards the wagering requirement, whereas others contribute less. If the games you are good at and like to play often do not contribute much, you should skip that bonus and try to find another one that suits your preferences more.
The house edge of a game tells you how much a casino expects to profit from that particular game over a specific period of time. If a game has a house edge of 4%, the casino expects to keep 4% of all bets. The higher the house edge, the more time you will need to play to make a profit. Blackjack is a game that usually has the lowest house edge.
No Wagering and No Deposit Bonuses Explained No wagering and no deposit bonuses are the two most popular types of bonuses out there. This comes as no surprise since these two make at least one part of the whole bonus-related process easier for players. No wagering bonuses usually come in the form of free spins that you use on popular slot games. The “no wagering” part means that anything that you win with this type of bonus is immediately available and withdrawable. That’s why players love these bonuses and casinos often offer them. If you find a no wagering offer, it is most often worth claiming it.
No deposit bonuses, on the other hand, have wagering requirements but do not require you to deposit any real money before you can receive bonus cash. Therefore, these are great because they allow you to play straight away without investing anything and keep everything that you wager through successfully. Should You Go for That Bonus? In the end, the answer to this question depends both on you and the bonus.
You should take the following things into consideration: the games that you play, the wagering requirements, and the house edge of the games involved with the bonus. For example, if you find a 100% deposit match bonus with a 10x wagering requirement and no game-related restrictions, you should definitely apply for it. That is a great offer because it allows you to play the games that you like and claim your winnings very quickly. On the other hand, if you come across a 100% deposit match bonus with a 50x wagering requirement (bonus + deposit) and lots of game restrictions, you should think twice before trying to claim it.
Of course, this doesn’t mean that you cannot win using this kind of bonus, but it can be very difficult and time-consuming to do it.