Understanding Online Casino Bonuses
A common way for online casino to attract customers is to offer bonuses. Some offer 100, 200 percent or more.
Using these bonuses is a great way to increase your bank and improve your chances of winning, while reducing the risk of losing your own money or at least the amount you lose.
Before depositing your money and playing, beware this so called free money comes with catches.
Understand the minimum wagering requirements. This is the minimum you can bet before cashing out the bonus amount.
For example you deposit $100 and the casino gives a bonus 200% ($200), the online casino states you must wager 10 times the bonus amount, which means you must wager $2000 in order to keep the bonus.
Most casinos will only allow limited games to count toward your minimum wager. These are games that have better house advantage.
The different types of bonus-
The traditional bonus that can be cashed out after meeting wagering requirements, as above. A sticky bonus, the bonus is only for game play and can’t be cashed out. No deposit bonus, simply given for signing up. Either given as sticky or traditional bonus.
A sticky bonus comes in two different forms. One is removed from your account once you withdraw money. The other will remain in your account for game play.
You should bet small and withdraw your money as soon as you meet the wagering requirements. Then move on to the next casino. Don’t get greedy.
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Gambling contains a high risk of losing your money, never gamble with money you can’t afford to lose!
Set a limit on what you can gamble and stick to it.
When it comes to the actual winning or losing, you are in for some good news. A lot of gambling experts are saying that the winnings in online roulette is even better than that of land-based casinos. The main reason for this is that operating an online casino is way much cheaper, so online casinos can afford to give out larger payouts without being in danger of going broke. Aside from that, competition among online casinos is getting fiercer, so players can expect several bonuses and even loyalty rewards that they otherwise cannot enjoy elsewhere. These bonuses can be considered as advertising or promotional materials to attract more players online.