All online casinos offer a tremendous variety of bonuses to their players. Some of these bonuses are so huge that we have to raise our eyebrows and ask: Is it really possible to give away thousands of dollars and stay in profit at the same time?
The answer is simple – yes it is. Although some very skilled Danish players (or if i may – bonus abusers) made constantly big profits and financially devastated some smaller online casinos who had to stop giving bonuses to Danish players joker. How did they do that? Well, they were good at calculating their edge when choosing games with a skill factor to clear out their bonuses. Some claim that main reason those Danish players got banned from so many casinos was because they used gambling bots. Yea right…
What do you have to know about the bonuses before you dive in? Don’t be fooled by big numbers, don’t be fooled by absurd percentages that some operators seem to offer to their players. Heck, there are sign-up bonuses as big as $3000 given away and even more. You’ll get clearer picture if you read their terms and conditions. For example, if you learn about Europa Casino infamous $2400 annual welcome bonus, you will find out that it consists of 5 different bonus types and has tons of terms attached to each and every one of them.
Some casino affiliate webmasters like to promote this casino as an “online casino with biggest welcome bonus to high rollers”, probably not knowing that biggest one time bonus new player can get is $500 – that is if player deposits $2000 and wagers a minimum $30000. Silly? Yea! It’s not a problem for me to offer you online casino bonus as big as $1, 000, 000 if you wager $100, 000, 000. Get the point? I would still earn millions offering this promotion and there are still people who think I am a Santa Claus! That’s what casinos do, they are giving you back some of your own money.
Most generous online casino bonus type is welcome bonus, also known as sign-up bonus, which is generally a lump sum of money deposited to player’s account after first deposit. Lately there has been a sudden increase of first and second deposit match bonuses, which give player certain percentage of their deposit, usually less than welcome bonus.
There are also bonuses as the payment methods bonus and the most popular bonus of them all – no deposit bonus or free casino cash bonus, as some say. No deposit online casino bonus is indeed a tricky one. Many casinos want you to deposit before you can cash out your winnings, or wager the amount of bonus certain number of times. You should always check the terms and conditions before you start playing. It will save your nerves in the long term. Guaranteed!
What’s there to know? Before you start playing in an online casino, make sure they are reputable, make sure they have a NAME. Do not focus on sign-up bonuses or free casino cash giveaways. Make sure they have a loyalty points program with cash-back bonuses and frequent deposit incentives, which in long-term are much more worth than one time monster cash injections. When online casinos first came into the scene they had to think on a marketing idea that would attract more players. Online gambling was new and many players were unsure if they should deposit funds in what seemed like an unknown entity. The marketing ploy that most online casinos chose and is still being aggressively used today is the cash bonus.
Nothing charms a future client more than free cash, and online casino bonuses are just that. The most popular form of a bonus is the sign up or welcome bonus. The size of the bonus differs between the different casinos but it usually revolves between 100%-400% of the initial deposit. There is usually some kind of limit to the bonus so you can’t just deposit 100, 000$ and hope to triple it up.
Naturally, as more and more casinos started offering cash bonuses a different kind of client emerged. A client whose sole interest was in the bonus itself and his goal was to cash out the bonus as soon as possible and than simply leave. This led up to the online casinos toughening their wagering requirements before allowing a withdrawal of the bonus.
The wagering requirement is a total amount you have the bet in order to be able to withdraw the bonus. The actual number varies from casino to casino but a typical number could be between 10x – 20x the amount of the bonus, so if you deposit 500$ and receive 500$ as a cash bonus your total betting must be above 5000$ to cash out the bonus. This may seem like a big amount but remember that if you are playing a game like blackjack using 5$ bets, you will win many hands (as well as losing) so the requirements can usually be cleared in matter of several hours.
Some casinos have blocked several games from qualifying as a method to clear bonuses. This usually includes the bets games that casino offers like a very liberal version of blackjack (for example a very small house edge single deck game) or some forms of video poker.
Online poker sites also offer sign up bonuses. The method to clear those bonuses is a little easier since you have to play a certain number of raked hands. Online poker bonuses are easy to clear even if you are a mediocre player and most online poker sites of periodical reload bonuses which allow poker players to enjoy other bonuses than the regular welcome bonus.