Welcome Bonuses Advantages and Disadvantages

casino bonus

Do you consider in mind how to take the maximum benefit from online casino bonuses and promotions offered by many casinos? You must have seen glittery flickering advertising of various promotions and good bonuses when you sign up for playing at the mobile casino.

Such bonus deals make your bankroll double, triple, and sometimes even quadruple, but you miss out on free money if there is no bonus deal.


Relevance of Welcome Bonuses

You might be surprised as to why online casinos offer these welcome bonuses. When they are there to make money and not give it away. The fact is quite simple. Offering welcome bonuses is the biggest marketing tool of online casinos to attract more and more players to play their games. The online gambling industry is fiercely competitive and there are plenty of online casinos out there trying to mark their presence felt. Offering an attractive bonus is one way they can encourage you to do just that.

In fact, it makes sense when you think about it. They know that, in the long run, they are more likely to win money from a customer than the other way around. Therefore it’s worth offering new customers an incentive to sign up with them, as they’ll probably get their money back and more over time. This doesn’t mean that the bonuses are worthless, though, since they still add value for the player.

Welcome Bonuses Advantages and Disadvantages

Welcome Bonuses Advantages and Disadvantages
Terms and Conditions

For the most part, there’s absolutely no downside to claiming bonuses, but they do come with specific requirements to be met. At the top online casinos, these are usually reasonably player friendly, but in some places, the requirements are so much in the favor of the house that there’s actually not much value on offer. Also, often you can use the extra chips at certain games, and if you don’t want to play those games, then such bonuses are of no use to you.

Do not forget to go through the entire terms and conditions of a welcome bonus before claiming it. You should be aware of the wagering requirements and what games are eligible.

Wagering conditions are always there to prevent people from simply depositing, claiming a bonus, and then withdrawing immediately. It is of no benefit to the casino if they’re allowing players to do this, so they keep in place the wagering requirements to make sure that they are only giving the added value to the right players. These basically state how much you need to play before you can make a withdrawal.

In fact, you’ll have to wager the bonus you have claimed a fixed number of times. Many casinos also include game weightings. This means that certain games only count toward a percentage of the wagering requirements. Usually, these are low-house edge games like baccarat and blackjack. At some casinos, you cannot use a bonus to play low-house edge games at all.

Types of Bonus

Types of Bonus
Types of Bonus

Sign-Up Bonus

The first kind of casino promotion you encounter at a given site is the signup or welcome casino bonus. After you’ve made a deposit and played for a while at the cyber-tables, this same casino is almost certain to offer some kind of loyalty bonus. Always check the terms and conditions, as they can vary a great deal. Some terms are more generous than others, so always read the fine print so that you understand exactly what you’re doing.

“Sticky” or “Non-Sticky” Bonus

It’s also a good idea to start with casinos offering what is known as “non-sticky” bonus opportunities. You can cash out these bonuses with no restrictions once you have wagered sufficient sums of money. The minimum amount needed to qualify in this regard varies a great deal from one offer to the next, so it’s in your interest to shop around until you find the best deal.

“Sticky” online casino bonuses can’t be redeemed, regardless of whether you’ve won or lost, and these will be deducted from your overall total when you decide to cash out. This detracts from the original allure of the bonus that compelled you to sign up, and yet, many players never bother to read all the details and don’t find out the full truth until it’s too late to make a change.

Choosing which games to focus on will also influence a smart strategy for going after promotions. By focusing on skill games like blackjack rather than those of blind chance, your odds improve. As a result, however, bonuses based on these games are less common.

Bonus Advantages

Bonus Advantages
Bonus Advantages

Grow Your Bankroll

Bonuses can help tremendously. Whether you’re a serious player or a person who’s just starting, getting bonus cash added to your bankroll should be a top priority. Starting a new player account without using casino bonuses is like throwing money in the trash.

Allows you to explore new sites

Opening an account with a new online casino will make you eligible for initial deposit bonuses. These first-time deposit bonuses are the most generous promos offered to online casino players. Using bonuses to try out new places to play is a good idea. Different sites have different games, software interfaces, and deposit options. If you want to find the site that best suits your casino needs, bonuses will give you the incentive to travel around.

Loyalty Rewards

A casino sign-up bonus can be more than just the amount you get when making your first deposit. Not all bonuses are initial deposit bonuses. Some sites will offer you a match on future deposits as well. These types of bonuses are known as reloads. Reload bonuses will give players an incentive to stay loyal to a particular site. If you don’t plan on switching sites that often, make sure you stick with an online casino that offers reload bonuses.

Bonus Disadvantages

Bonus Disadvantages
Bonus Disadvantages

Restrictions

All bonuses have restrictions. You may have to wager the amount you have deposited a number of times before your bonus money will become available. There might be a time restriction for you to fulfil all your bonus requirements. Game restrictions may also apply. It’s very important that you read all the terms and conditions of any offer before you decide to accept it.

Losing Money to Fulfil Your Bonus Requirements

If you find yourself making multiple deposits to fulfil all your bonus requirements, you may be losing more money than you stand to gain. Think it through. Crunch the numbers. Bonuses should help you grow your bankroll. If you’re spending too much trying to clear your bonus, it’s just not worth it. Learn to let go and find another casino that offers friendlier bonus terms.

Finding the Best Casino Bonus

Finding the Best Casino Bonus
Finding the Best Casino Bonus

Once you understand the different types of bonuses and how they work, you can then start looking into what’s available at the various online casinos and try to find the welcome bonus that suits you the best. Just remember to check the terms and conditions to make sure you can use it on the games you enjoy playing.

Of course, you may not want to spend your time comparing different bonuses to see which ones are best, and you don’t have to. We have compiled a list of the online casinos that are best for bonuses, so you can simply take a look at that and take your pick.

About the author

Kamal Kaur