If someone approached us in the street and asked whether we wanted free money, two initial thoughts would enter our heads: firstly, where do I sign up, and secondly, what’s the catch? The same is true when we see these sorts of offers online. We’d like to take advantage but, at the same time, we’re instantly suspicious.
It’s not surprising really – how often in your life has anyone come along and happily sent some extra cash your way? This sort of thing just doesn’t happen unless there’s some boon to the party showing such benevolence, but that doesn’t mean it can’t be equally beneficial to you.
That’s the way it works with casino bonuses. As enticing as they might be to the punter, they also deliver a big advantage to the provider: namely, they draw in new customers. But is it really worth your time to sign up?
What’s in it for you?
For those with an interest in online gambling – essentially, around half of the population – you will, at some point, have found yourself confronted with the promise of a casino bonus. Some of these seem almost ludicrously attractive, and it’s this that so often raises red flags: the suspicion that it’s too good to be true.
In fact, it’s not quite as simple as this. You have to remember that the online gambling industry is highly competitive, with every casino out there trying to make itself more appealing than its counterparts. One of the easiest ways to do this is with bonuses – specifically, ones that are attractive enough to lure people like you in.
Whether any given bonus is worth the investment is dependent upon a number of factors (we’ll look at these in more detail below), but one essential hallmark you should look out for is the ability to convert this sum into real money. Numbers in an account don’t cut it; only cold, hard cash is worth considering.
Luckily, there are lots of bonuses that fit the bill in this regard, with some specialist websites providing handy guides and lists to help you find the best ones. With their expert advice and assistance, the choice is yours to make, and you should find a vast array of options to suit your particular criteria and requirements.
What will you need to put in?
Although casino bonuses can be great for those who know they want to gamble, they’re not risk-free so, if you aren’t entirely sure about giving it a go, you do need to recognise that you can’t access the rewards without first putting some money in.
When calculating how much this will add up to, there are a number of factors you need to consider, including:
The wagering requirement
- The number of times a bonus or deposit plus bonus need to be wagered before the bonus can be withdrawn. A typical wagering requirement is 35 times the bonus plus deposit but there are exceptions to this rule.
The wagering percentage
- The percentage any particular casino game contributes towards the overall wagering requirement. Table games like roulette and blackjack tend to contribute a lower percentage than slots, for example.
The house edge
- The percentage of total bets which the casino expects to retain over a specified period of time. This will affect the amount of time you can expect to play for before making a profit.
All of the above need to be taken into consideration before you can decide whether a particular offer is really worth your time. That said, choose wisely and get a little bit of luck on your side, and it’s certainly possible to come out on top.