Are Online Casino Bonuses Worth Taking?

Online gambling has become a highly competitive industry, and casinos are constantly coming up with ways to attract new players and keep the existing ones loyal.

To do so, they offer them a wide variety of bonuses. But are they worth their time? Many players often don’t understand what’s really offered and how much that actually costs, and that’s why we’re going to discuss that issue in this article.

No matter what bonus the casino offers, whether it’s a welcome one or a free spins bonus, players have only one aim: to convert the bonus money into real cash.

Before any bonus can be claimed, players need to fulfil certain requirements attached to it. All these requirements are mentioned in the terms and conditions.

Understanding a Casino Bonus and Its Cost

When speaking about the cost of a casino bonus, several factors determine its price.

The wagering requirement represents a number of times a bonus needs to be wagered before players can withdraw it. These requirements depend on the type of bonus and vary from one casino to another. In most cases, players will need to wager their bonus 35 times, but on certain occasions, this number can be lower or higher.

The wagering percentage is regarded as the percentage a casino game is responsible for fulfilling the bonus’ wagering requirement. This percentage depends on the type of the game, for example, online Blackjack and online Roulette have a significantly lower wagering percentage when compared to slots.

Another important factor is the house edge. The term refers to the percentage of all bets the online casino is looking to retain over the promotional period. If the house edge is 5%, it means the casino will generate a 5% profit from a game during a certain time.

For a specific game, the house edge describes the time it needs to be played before players can expect any profit.

Choosing the Right Bonus

When it comes to choosing a bonus, the decisions you make can determine whether you’ll end your session with a win or a loss.

We’re not speaking about you wager or playing strategy. This choice is a very important one, although not many punters see it that way.

Deposit bonuses are used to attract new customers and include terms and conditions. These terms and conditions, as we’ve already mentioned, vary from one casino to another. And although bonuses can resemble or even look the same (100% match bonus, for example), their terms and conditions can be completely different.

Bear in mind that bonus offers are tied to the real money deposit. Players will be able to withdraw their money only after the wagering requirement has been met.

Taking Up the Bonus

Accepting a bonus is a decision which should also depend on several factors: the type of game you want to play, its house edge, and the wagering requirement are the crucial ones.

For example, a 100% casino bonus with a wagering requirement of 10 times and other restrictions is an offer you don’t want to miss out on.

When playing a game with a low house edge (we’re looking at you, online Blackjack), it would be a perfect bonus that could easily help you make a profit.

If you aim to make profits without any risk, casino bonuses can add to the excitement. With a wide selection of online casinos out there, you can find lots of bonuses to choose from. Take all the factors in consideration and find the bonus that suits you the most.