Are Casino Bonuses Worth Your Time and Effort? Find Out Here
Every online casino or bookmaker that you come across seems to be bigger and better than the last one that you encountered. In this competitive industry, online bookmakers and casinos have to constantly re-invent themselves if they want to stay relevant and be able to attract new customers to open an account with them as well as keep their existing players. One thing that they do to try and achieve this aim is by offering bonuses. In this article, we are going to have a look at whether bonuses are worth your time and effort. So, let’s crack on.
Best Online Casinos
Finding out if online casinos are worth your time and effort is extremely useful, but there is such a wide variety of bonuses available out there that it can be quite the task to find the best one for you. When this scenario arises, you need a comparisons site to help you out as they have a team of experienced experts who are always looking out for the best casinos and bonuses. Thankfully, there are plenty of great comparison sites out there that you can make use of to ensure that you have a very good online gaming experience.
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Knowing the True Cost of Online Casino Bonuses
Before you jump right in and claim a casino bonus, there are a number of things that you have to consider to ensure that it is going to be worth your time and effort. For instance, you need to look at the wagering requirements that the online casino in question has attached to their bonus, the house edge, and the percentage that different casino games contribute to clearing the aforementioned wagering requirements.
Wagering Requirements & Wagering Percentage
A wagering requirement, for those who happen to be new to the online gambling world, is the number of times that you must spend the bonus money that you received before you are eligible for withdrawal. Wagering requirements vary from online casino to online casino, and the difference can be quite staggering. For instance, there is a chance that you will find an online casino offering a bonus with 10x wagering requirements, and then find another one that is offering a bonus with 35x wagering requirements. Obviously, when it comes to wagering requirements, the lower the better.
To give you a better understanding as to how it works, we are going to provide you with an example using the wagering requirement values that we just mentioned above. Let us pretend that two online casinos that we have found are offering new players a Welcome Bonus of $200, but one has attached 10x wagering requirements, while the other has attached 35x wagering requirements. With the first offer, you will need to rollover £2,000 before you can think about withdrawing, while with the second offer, you will need to rollover $7,000 before you can withdraw any of it. See, look at how much of a difference the wagering requirements can make – we are sure we do not have to tell you what the better option is here.
So, now you know what the wagering requirements are, let us take a look at the wagering percentage. Not all games that you can play at a casino with contribute equally to the wagering requirements attached to a bonus. For instance, in most cases, table games like blackjack or roulette will not contribute to the wagering requirements as much as playing slot games will. Obviously, you should aim to complete the wagering requirements as quickly as possible so that you have the chance to withdraw any winnings you make, so you should concentrate on playing slots.
What is the House Edge?
The house edge, to put it as simply as we can, is the percentage of all wagers that the online casino expects to keep over a period of time. For instance, if a casino game has a 5% house edge, it tells you that the casino you are playing at will be making a 5% profit from that game over a certain time frame. You always hear that the casino will always win, and it is thanks to the house edge that this is the case.
The house edge will vary from game to game. For instance, blackjack has a house edge that much lower than the house edge of other games like craps. The higher a house edge, the less chance you will have of being a winner, so it really does make financial sense to play those games where the house edge is low.
It Is Important to Read All of the Terms and Conditions
When you decide to use a bonus, no matter what type it happens to be, you need to take a bit of time to read all the terms and conditions that are attached to it. This will ensure that you know the percentage that each game contributes to whatever the wagering requirements are and the different house edges of the games that you can play.
A lot of people just click the “I agree to the terms and conditions” box without even reading a single word, but this is a silly thing to do as bonuses come with a wide variety of T&Cs and breaking one of them might lead to your forfeiting your bonus – we would not want that to happen. Therefore, you really should just take five minutes out of your time to read all the terms and conditions carefully before you start making use of a bonus.
Should I Accept the Bonus?
Well, the answer to the question depends on these factors:
- The casino games you will be playing
- The house edge of the casino games you will be playing
- The wagering requirements that are attached
So, for argument’s sake, let us say that you have come across a 100% match bonus that has wagering requirements of 10x and no game restrictions. Let us then say that you deposit $250, meaning that you would need to wager $2,500 before you can make a withdrawal. If you go on to play a game that has a low house edge, like blackjack, then it would be pretty easy to meet those wagering requirements and walk away with a profit.
If your aim is to make a bit of risk-free profit, then going after different casino bonuses is a strategy that can provide you with some extra value. The more bonus money you have available to you, the more chances you have of winning and your own money is safe.
It is very important that you know what bonuses come with the best value. Just because you see a big bonus, it does not automatically mean that it is the best bonus on the Internet. More often than not, bonuses that have a lower value will provide you with the best chance to meet any attached wagering requirements.
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