Casino Bonuses: what is the truth behind it?
There is a lot of competition in the online gambling market today. Each day, new casinos form, old ones regroup and change owners, and the supply is nearly endless.
When a player is looking to choose in which casino to play, he (or she), has many different factors to consider:
- Do I like the look of the casino?
- Does it have the games I’m interested in?
- Do I know anything about the Casino?
- Did someone recommend it to me?
- Does the customer support efficient and offers around the clock help?
- But most importantly I ask myself: what’s in it for me? What do THEY offer me to play at their casino of all places?
This is where the Bonuses come into play.
You will not find anywhere online a casino that does not offer some sort of bonus.
Some offer first-time deposit bonuses, some offer loyalty bonuses, some offer 2nd and 3rd deposit bonuses and some have invented all sort of tricks and treats in order to attract the player to their casino.
We will now try to make a little order in the ever-growing world of casino bonuses, and try to explain what they mean.
First deposit bonus:
This is a bonus a player can collect only once, when making the first deposit. Usually, it is the biggest bonus he casino offers, and you can find places offering bonuses of up to 1000$.
In order to claim the bonus, you have to deposit a specified amount, usually close to the bonus amount (or sometimes even more), and play with a certain amount of money before you are allowed to cash out.
The standard is between 4 times and 12 times the amount of the bonus or combined bonus + deposit. (For example ñ if you deposited 100$ and received 100$, you will have to wager at least 800$ (4X(100$+100$)) in order to cash out. This means you can put the 200$ on the roulette, win, put another 400$, win, and now you have played the due 800$ and you can cash out.
Read the fine print in the term & conditions for each offer, there you will see what is the amount needed, and if there are games banned from the bonus play.
Second, Third etc. deposit bonus:
Same rules apply here – but every player can enjoy the bonus – even an old timer at the casino, provided it is their 2nd or 3rd deposit. (or more ñdepending on the casino).
Some casinos will give you a bonus for the first deposit of each month.
Same rules apply here: read the T&C.
Players Club or Comp points:
Most casinos will reward players with credit for money spent, and allow them to receive money back for a predetermined amount of points. Read each Casinos rules concerning the exchange.
Some places will let you use the points you earn to get merchandize or enter special private tournaments.
Bonus when using different depositing methods:
If you are using services like Neteller or Skrill or any of the sort, some casinos will offer you extra 10 or 15% bonus. This is in order to advance new methods, and reduce the dependency on credit cards.
Your loses back or extra winnings:
This is a bonus that is rarer than the others, but it allows you to get some of your loses back (usually about 10% back), and if you are a winner, the casino adds to your winnings (usually about 1%).
Most casinos will have some sort of VIP program, allowing veteran players and high rollers to each more Comp points, have better exchange rates, play in private games and more.
These are the most common bonuses today. Sometimes a casino will add something special, a little extra, a promotion for a special occasion (Christmas, Halloween, etc.), and details on each one you can always read in the home page of each casino.
Before you start playing, there is one thing you need to know, and that is how to play: after that you’re on your own.
If you’re interested in finding more on the subject, please visit one of these two sites:
|1||55% sign up BonusT & C Apply||VisitReview|
|2||700% up front bonusTerms Apply||VisitReview|
Bonus Hunting: can it still make money?
Most online casino gambling aficionados play hard and they play to win. But there’s an alternate strategy (no, not to lose that would be silly!): a strategy more conservative, more demanding of discipline, as well as of considerable more questionable merit than straightforward online casino gambling, but with significantly higher odds of a player walking away from the (computer) tables with more dough than he or she started with. It’s called <bonus hunting> and it’s the closest thing in online casino gambling to a sure thing. So why isn’t everyone doing it? That question is the subject of this article – why not bonus hunt?
First let’s lay out the practice for you. Peruse gaming site reviews on sites like our CasinoMidnite.com and you will see that almost every one offers a Bonus upon sign-up. It may be called a “Sign-Up Bonus”, a “Welcome Bonus”, an “Initial Deposit Bonus”, a “First Deposit Bonus”, a “Match Bonus”.. whatever it’s name, the concept will be always the same.
For signing up and making your first deposit (or purchasing your first stack of chips), the online casino gambling site will give you some percentage of that amount in bonus chips. As soon as you make the deposit, the full amount of the bonus is added to your player account.
But, of course, there’s a catch: you must wager an amount equal to some multiple of the dollar amount of either your bonus or your initial deposit (depending on the online casino gambling site or poker room) before you can withdraw any of it.
As you can probably guess, in the process of meeting your wagering requirement, two things are likely to occur:
- You lose some or all of the bonus amount and some or all of your initial deposit too
- You enjoy the online casino gambling experience at that site so much (or have lost so much money you just canít let yourself walk away) that you deposit more and more money and just keep on playing
What Bonus Hunters have discovered, however, is that by only playing at the lowest stake tables (ie. 1 cent video poker), they can severely minimize the percentage of their bonus that’s eaten away in the process of fulfilling the wagering requirements. It is unlikely that a bonus hunter will come out ahead. It is even highly unlikely that the bonus hunter will walk away with most of the bonus. But they’ll probably walk away with some of it and get their initial deposit back.
So what are the drawbacks? Well, get ready, because there are a bunch more in fact than those you may realize. To put it plainly, bonus hunting is fraught with its own inherent challenges and flaws, not the least of which is its yield. What bonus hunters happily lose in risk, they gain in time commitment. Playing not to win but to <not lose> takes a ton of time, and you’ll probably find the reward not worth the absence of risk at all (think: 50 cents an hour – might as well get a minimum wage job).
Not all bonuses are built alike: you must hunt (thus the moniker) for the biggest bonuses (percentage-wise) with the lowest wagering requirements and the lowest stakes games (giving you the greatest chance of keeping most of your bankroll safe). That’s a mighty tall order. When you consider this, the pool of potential targets suddenly dwindles considerably. Likewise, the amount of time you’ll spend trying to find an online casino gambling site to hit will increase exponentially the more you do it.
And there’s always the fact that if you choose unwisely, you could lose it all.
Online casino gambling sites don’t like bonus hunters – is it any wonder – and as such, if you’re ever tagged as one, you may be permanently locked out of the casino, forced to give up any winnings, and find yourself blacklisted not only from that casino but from its affiliates and sister sites too. You can try it at your own risk!