Recalculating Bonus Advantages
Online casino bonuses are what makes online casinos so popular compared to land-based casinos. At a land-based casino you would never get free money for walking into the casino and spending money. All you get is free drinks. Would you rather have free money or free drinks? I think we all know the answer to that question. There are many different types of online casino bonuses like the no deposit bonus but the most popular one is the deposit bonus. You make a deposit and the online casino matches your deposit by a certain percentage.
For example, a 100% match bonus is a bonus where you deposit $100 and the casino will give you $100 free. But because of the wagering requirements for each bonus, the 100% advantage is not exactly 100%. What are wagering requirements? Well, the bonus and deposit must be wagered a certain number of times before you are allowed to withdraw any money from your casino account. So in the above example of a 100% bonus, let’s assume there is a 25 times wagering requirement for the deposit and bonus. The bonus and deposit adds up to $200 and so 25 times that is $5k. This therefore means that you would have to wager $5k before you get any bonus advantage!
The two ways of wagering $5k from an initial $200 bankroll is through winnings or by adding more funds to your account. So if you don’t win, then only by adding $4,900 to your account do you get to really use the free $100. This amounts to just over 2% of the $5k. So is it worth taking the casino bonus? There are other online casino bonuses with less restrictive wagering requirements, so I recommend you always check the terms and conditions before taking a bonus.