The number of online casinos available on the web is already impressive, and it continues to grow literally each month. New and old web gambling odin99 compete with each other, trying to attract customers from other platforms, and entice them to sign up with their platform instead. And the most effective way to do that is to offer a juicy bonus.
In fact, the only difference between many similar online casinos may be bonuses offered. All other aspects, like games and software providers, banking options, and even licenses – can be almost the same, and yet, a bigger bonus will attract more customers to the gambling venue offering it. However, is a bigger bonus really a better deal in the long term? Well, not really.
To understand why huge bonuses are not always good for the punter, what best casino bonuses are actually good, and how to tell between them, it is necessary to be aware of how gambling venue bonuses generally work.
First and foremost, keep in mind that no online gambling venue will offer the punter free money – or, in other words, no real online gambling venue that works according to a fair business model. Fraudulent casinos that have no intention of paying you out anything, can offer pie in the sky as large as the moon. Fair online casinos simply can’t afford such a thing – giving away free cash to each and every customer.
The first rule of any (fair) online casino’s bonus is that the bonus must be cost-effective. That is, the money that the punter can potentially win by wagering the bonus should be smaller than the money wagered by this punter, or by most players in general, in case some player turns out to be particularly lucky.
This is how it works, step by step – the customer signs up and takes the bonus. If this is a No Deposit bonus, the customer does not have to make a real money deposit in order to make bets and win real cash. Enticing? You bet! But the story does not end here. The player has to meet the wagering requirements first – that is, the gambling venue sets the number of times the amount of the bonus has to be wagered before the player is even able to request withdrawal of any funds they win. We will talk about this aspect below. Now, talking about No Deposit bonuses, many casinos still require that the player make a deposit of their funds before the function of withdrawal will be unlocked for them.
If we are talking about Deposit bonuses, the promotion is awarded after the customer deposits some real cash to the gambling venue. They get some cash, or Free Spins for slots pitch and toss, or a combination of both, and can start playing for real money. And this is where good news ends, and bad news starts.