Biggest is not always the best. Comparing bonuses should be your starting point to choosing the right online gambling platform for you.
What Online Casinos Offer Bonuses
The explanation is quite simple, really.
Online casinos offer bonuses to attract more players.
The online gambling industry has taken the internet by storm, with an estimated 2020 value of $59.6 billion.
The competition is very stiff and free casino games have to be creative with their approach to acquiring customers.
And what could be a better way to attract new users than to offer real cash?
Depending on the casino, you could be offered up to a $2,000 bonus upon registration with the online casino. Crazy, right?
The Caveat of Casino Bonuses
Also called “welcome bonuses”, we don’t receive these gifts for nothing.
There is always some sort of an exchange.
One is the deposit requirement.
Usually, the larger the bonus, the bigger the deposit required.
Often, the amount of your welcome bonus is a percentage of the deposit you make. So, for example, if there’s a 50% bonus and you deposited $1,000, you get an additional $500 which you can use to play.
Some casinos offer no-deposit bonuses but these are usually small, ranging from $10 – $50.
Usually, gaming sites that have this type of bonuses placed a maximum winning requirement. For example, you can only win up to $100 before you can withdraw your bonus.
Other casinos offer bonuses in the form of free spins. Check this website to see how slot bonuses work. One advantage of it is you get to play real money slots without having to risk your own funds. You can also en cash your winnings.
Choosing Your Casino Bonus
There’s no doubt that welcome bonuses are advantageous to gamblers. However, you want to take time comparing offers as no two are exactly the same.
There are several things gamblers need to take into consideration.
One is the wagering requirement.
This refers to the amount of money you need to bet before you can turn your bonus into real cash.
Online casinos won’t include that in their flashy advertisements. Read the fine print first before signing up. Most casinos have wagering requirements but those with lower requirements are usually the better ones.
Bonuses can also be classified as “sticky” or “non-sticky”. The former cannot be withdrawn and is only for wagering requirements. Once the wagering requirement is met, the player can withdraw the earnings but the bonus “sticks” to his or her account until they have lost it.