Are Online Casino Bonuses Worth It? Every online casino or sportsbook that you encounter seems to be better and bigger than the last. In such a competitive industry, casinos and bookies are constantly having to re-think and re-invent themselves in order to attract new players to sign up with them and to keep existing players. Below we are going to look at whether bonuses are really worth your effort and time though. So, without further ado, let us crack on, shall we?
The Best Online Casinos
Finding out about whether online casino bonuses are worth it or not is very useful, but there are so many different bonuses out there that it can be difficult finding the best ones.
They have a team of experts who are constantly on the lookout for all the best online casinos and bonuses, so give them a look if you are looking for a great online casino experience.
Understanding the True Cost of a Casino Bonus
Before you dive right in and accept a casino bonus, you need to consider a number of things to make sure that it is worth your while. For example, you should take a look at the wagering requirements that are attached to the bonus, the percentage that certain games contribute to fulfilling the said wagering requirements, and the house edge. We are going to look at these in more detail right now.
Wagering Requirements and Wagering Percentage
The wagering requirement, for those who are new to the world of online gambling, is the amount of times that bonus money needs to be wagered before you will be able to withdraw any of it. The wagering requirements can vary quite drastically from one casino to another as well as between bonuses. For example, you might come across an online casino that has wagering requirements of 10x and then one that has wagering requirements of 35x. Obviously, the lower the wagering requirements the better it will be for you.
To give you a clear indication as to how this is the case, we shall give you a quick example using the two wagering requirements that we mentioned above. Let us say that two online casinos are both offering a Welcome Bonus of $100, but one has wagering requirements of 10x, while the other has 35x. With the former, you will need to rollover £1000 before the bonus money becomes eligible for withdrawal, while with the latter you will need to rollover £3,500. See, there is quite the difference.
What is the wagering percentage? Well, not all casino games contribute equally to your wagering requirements. For example, in the majority of cases, table games like roulette and blackjack will not contribute as much to completing the wagering requirements as playing slot games will. Obviously, you will want to complete the wagering requirements as soon as possible so that you have the option of withdrawing some of it and any winnings you make, so you should focus on playing slot games.
Understanding What the House Edge is
The house edge, to put it simply, is the percentage of total wagers that online casinos expect to keep over a certain period of time. For example, if a casino game comes with a house edge of 5%, it means that the casino will make a 5% profit from it over a specific time frame. They say that the casino always wins, and this is true thanks to the house edge that they have in play on each game.
The house edge is something that varies from game to game. For example, blackjack is a casino game that has a much lower house edge when compared to other casino games such as craps. The higher the house edge, the less chance you have of winning, so it obviously makes sense to find those games that have a low house edge.
It Is Vital to Read the Terms and Conditions
When you decide to make use of a bonus, whatever type it is, you should take the time to read the terms and conditions carefully, so that you what percentage each game contributes to the wagering requirements as well as what the house edge of specific games are. Many people just put a tick in the “I agree to the T&Cs” box without even reading them, but this is a foolish thing to do as all bonuses come with a plethora of terms and conditions and breaking just one of them could see you forfeit the bonus you claimed. Therefore, it really is in your best interest to take five minutes to read the T&Cs that apply to any bonuses on offer.
Should I Accept That Bonus?
Well, this is a question that depends on the following factors:
- The casino games that you are going to be playing
- The house edge of said casino games
- The wagering requirements attached to the bonus
So, let us say that you have found a 100% match bonus with 10x wagering requirements and no gaming restrictions. Let us say that you decided to deposit £250, which means that you would have to wager £2,500 before a withdrawal can be made. If you were to play a casino game with a low house edge, such as blackjack, then it would be pretty simple to meet the wagering requirements and make a profit.
If your main aim to make some risk-free profit, going after casino bonuses is something that can give you that little bit of extra value. The more bonus money you have to play with, the more chances you will have of winning.
It is of the utmost importance that you understand what bonuses have the best value. Just because a bonus looks big, it does not mean that it does not mean that it is the best around. Often, bonuses with a lower value will give you the best opportunity to meet the requirements that are attached.