Every casino bonuses online you come across offers you bigger and better value. Some offers run into the thousands all promising you to start you off with a fatter bankroll. If you are new to the world of online gambling, you might be mistaken into thinking that these bonuses come with no strings attached.
It is only after a good look at the terms and conditions of the casino bonus will you realise that there is more to the casino bonus than meets the eye.
Knowing the real value of a casino bonus can make or break a deal for a player. You should always be aware of the value before you sign up and put your money on the line. For example, if the wagering requirements are impossible to meet, you will end up losing both the money deposited and the bonus without a chance of being able to fulfil them.
The Value of a Casino Bonus
There are a number of essential factors that you need to take into consideration before jumping the gun and signing up. You need to be aware of the wagering requirements of the bonus, the game contributions towards the aforementioned wagering requirements, and the power of the house edge.
The wagering requirements are in short, the number of times you would need to wager your bonus plus deposits in order to convert winnings into withdrawable cash. When you start playing real money games with a bonus, any winnings generated are not withdrawable cash, but actual bonus funds.
So if you have a deposit + bonus of £100 and you have a wagering requirement of 10x, you would need to wager your bonus + deposit £1,000 before you can cash out any winnings left.
Additionally, many casinos have different game contributions towards the playthroughs. Slot games which are games of chance contribute 100% towards the playthroughs, but games of skill like Blackjack and Poker would only contribute 10% towards the playthroughs.
If you are a Blackjack player, it might not be wise to take advantage of a casino bonus unless it has favourable conditions. Look for casinos that require the minimum deposit for a super-sized bonus, so then you could stand a chance of converting your bonus funds into real money.
The house edge also plays a pivotal role in the online casino scenario. The house edge is better described as the percentage of the total bets that the casino is expected to retain over a specific period of time that a player is playing.
Each casino game comes with a house edge, which is the sum that the casino is expected to make from player bets.
Games such as Blackjack, which is a game of skill, can lower the house edge, provided you make the right decisions at the right time.
Should I take up that online casino bonuses?
It is important that you understand the value of the casino bonuses, so you can fully take advantage of the best offer available. This applies to both low rollers and high rollers.
The biggest bonus deal does not always mean it is the best deal for you, as a player you should learn how to budget while playing real money games.
Go through the fine print and dissect the information properly.