What’s the deal with casino bonuses? Are you really able to get money from someone nice? Yes, and pigs fly!
Online casino operators are pretty smart, you see. They understand that offering an online casino bonus to attract people to their casinos will also help them make more money.
This is not a new concept. To attract customers to their casinos, land-based casinos around the globe have used “freebies”. Consider the free drinks, rooms and other amenities that casinos offer.
Online casinos can make money by giving away money. The casino bonus deals are designed so that you can withdraw the money only after you have played a certain number of hands/rolls/spins. Casinos know that very few people will be able to withdraw the entire bonus amount after these hands/rolls/spins have ended. They may also have lost their deposit.
Online casino players are usually either casual or not strategic. Yet, they are the lifeblood of a casino because they don’t know how to overcome the disadvantage the casino holds over them.
The house edge is the average percentage of profit a casino makes from a particular casino game. You can only overcome the house edge by entering the casino with a strategy.
Let’s move on to the discussion about casino bonuses.
Despite all the negative press, casino bonus codes are quite useful. Of course, they won’t make you rich unless you win the Jackpot. However, it is possible to make extra money if you have some knowledge.
You must carefully read all terms and conditions before signing up for an online casino using their latest casino bonus. While all terms and conditions are important, you should also read the following three elements.
This is simply the amount you must wager to withdraw your bonus. This is usually expressed as a multiple your deposit and your bonus.
Example: If you deposit $100, the wagering requirement is 20x. You get $100 back. To withdraw $100 of the bonus, you must wager $4,000 total. Your deposit can be withdrawn at any time.
It is very important! Certain games cannot be used to meet wagering requirements. These are the games with the lowest house edge. This includes Blackjack, Craps, Roulette and Blackjack.
If you take the time to search, you’ll find many casinos that offer these games as part of their wagering requirements.
Conditions for withdrawal
Some casinos may have withdrawal restrictions that allow you to withdraw your bonus. However, you must still meet certain conditions, even if you have met the wagering requirements. For example, you might have to deposit a minimum amount or you may not be able to withdraw winnings until you reach a certain amount.
These conditions are mostly for free casino bonuses, where you don’t have to deposit money to receive a bonus. These conditions may not apply to regular deposit match bonuses at all casinos.
You need to have a proven strategy to make some money with online casino bonuses. You want to complete the wagering requirements and not lose too much of your bonus. This will give you your first deposit and a bonus amount to withdraw to make excellent profits.
You never know you could even create a winning system and make a profit in addition to the bonus casino!
Good luck, and get out there!