How to Know If A Casino Bonus Is Worthwhile
How to Know If A Casino Bonus Is Worthwhile
Wondering whether you should claim the available casino bonus or just ignore it? There are many things that you should consider when considering a casino bonus.
Almost all online casinos are today offering different types of bonuses. Every time you visit an online casino, you will find massive banners each claiming to give players some free money to play with. Deposit bonuses, free spins, and welcome bonuses and many other types of bonuses that are displayed on the casino’s homepage.
The concept of receiving free money can make anyone skeptical, but the casino bonuses can give you some free money that you can use to play casino games. Technically, all casino bonuses are not the same. Based on the casinos you have visited and your gambling habits, some casino bonuses will be more worthwhile than other types of bonuses.
The question you should be asking is how to know whether you should claim a certain casino bonus? Read on to know everything about casino bonuses.
Types Of Casino Bonuses
There is a wide range of casino bonuses available. Although these casino bonuses may use different conditions, following are some of the most popular casino bonuses you can expect to get when you sign up at an online casino:
No Deposit Casino Bonuses
As the name suggests, these are casino bonuses that you get without having to deposit funds into your casino account. However, these bonuses are small amounts of money or a few free spins that you can use to play with a chance to win real money. Remember to check whether the no deposit bonus you have received has game or payout limits, or playthrough requirements.
A welcome bonus also known as a sign-up bonus is bonuses that are given to reward players for depositing funds into their casino accounts. Technically, a sign-up bonus is the most generous bonus an operator will offer you, offering huge deposit match bonuses that can be up to hundreds or thousands of pounds or dollars. However, there are playthrough requirements that are attached to the bonus, which might make it not to be worthwhile.
These casino bonuses are offered by the casino to the existing players. The casino may set specific days or specific events, offering additional deposit match bonuses as they add more funds to your online casino account.
As the name suggests, the casino offers you free bonuses to play casino slots. This type of bonus is perfect for trying new casino games. Nevertheless, there might be game and payout limits and wagering conditions.
These are bonuses offered by online casinos to keep you coming back to the casino. If a welcome bonus is the best casino offerings you have ever received, you would just keep registering at new online casinos every time. Loyalty rewards usually include additional services at the online casino, bespoke gifts, luxury travel, entry into the most exciting casino games and free play money.
House Edge and Game Contribution Rules
Before deciding on the casino bonus you want to claim, you will be required to decide which casino games you want to play. Do you love playing slots? Are you a card games fanatic who loves playing poker or blackjack or a few live casino games?
Considering the casino games you want to play, you will be facing a different house edge. In most cases, many casino games are in favor of the house.
But there are some games which have better odds and it is also important to take note of the fact that there are some variations of roulette that have different odds. For example, the European roulette has a smaller house edge than the American roulette. Also, adding cards to online blackjack can increase the house advantage.
Most casino slots have a 90%-98% return to player. The RTP is the cash amount a player can expect back if they play the game minus the casino edge. So, for instance, in case you are playing a casino game having a house edge of 2%, the RTP would be 98%. Therefore, if you stake $100 you will get $98 back.
Limits On Payouts Or Deposits
Online casinos put limits in place to protect themselves from players who might abuse the bonuses. For instance, you will have to check whether the payment option you have chosen allows you to claim the deposit or welcome bonus. Many internet casinos accept e-wallets like Neteller, Skrill or PayPal, but will not let you use them.
Also, there are limits to the amount of money the casino will allow you to cash out and when you can make the withdrawal. For instance, an online casino may put limits into the exact amount they will allow you to cash out on the free spin winnings. In most cases, this is capped at approximately $100, even though some casinos might go lower or higher.
Therefore, do not expect to hit a jackpot with the free bonus money and just cash out the winnings. Besides the wagering requirements you will be required to meet, the casino might even limit the amount you can withdraw.
Furthermore, as long as you have been playing with the bonus money, many casinos will put rules about cashing out your winnings. The leading online casinos have different wallets for your online casino account.
When To Avoid A Casino Bonus
Technically, there are times when a bonus is worthwhile and there are others that are not. First, one thing that you should consider when checking whether the bonus is worthwhile are the wagering/rollover requirements. All you have to do is multiply the bonus by the rollover requirements to see the amount you will have to spend at the casino for you to be allowed to make a withdrawal.
Therefore, a $100 bonus with 40x playthrough requirements is $4000. A 50% match of $50 bonus that requires you to stake the bonus and deposit 30 times is ($50+$50) x30 = $300.