Online Casino Bonuses, the Pros and Cons
If you’ve recently signed up at an online casino, you most certainly would have noticed the welcome or deposit casino bonuses. It is undoubtedly the most widely used marketing strategy in the industry, and I am not surprised as to why. Who would say no to big offers of bonus cash or free spins? It’s like receiving free cash, right?
While it might seem very enticing at first, there are also possible downsides, especially for newbies. The bright side is that if you understand the standard terms and conditions, you can kick off your account with the best possible start. It is crucial to understand the game before playing to give you the best possible chance of winning.
What is a sign-up or welcome bonus?
When you see a promotion or an advertisement for an online casino, you will more than likely be met with the term ‘welcome or sign up bonus’. This is a method used to attract potential players into trying out the relevant online casino. The promotion rewards you for setting up and depositing into your new account by most likely offering you free spins or bonus cash. The offers vary from casino to casino, but the primary outcome is the same. The online casino will typically give you an amount to play with, for free, as a motivation to try them out.
Casino bonuses – the pros
Here we try and cover as many pros of casino bonuses as possible.
Free slot game spins is probably the most popular marketing tool used by online casino’s to get you to sign up and make a deposit. When claiming your free spins, it gives you the chance to play casino games while still offering to win impressive sums of cash. It’s also a fun player experience and will help you to get a feel for the casino without spending any cash.
It’s just great to receive bonus cash when you make a deposit. It gives you the opportunity to discover the basics, and with the bonuses, you get a longer runway to decide if you like a casino or not. And of course, there is a potential benefit of risk-free winnings, and at the end of the day, that is the whole idea.
Usually available when signing up at an online casino for the first time, this is like a double win. It is either in free spins or extra cash and gives the player the opportunity to grab great bonuses to enhance the feeling of excitement at the online casino.
Discover new games for free
Some of the free spins are only playable on selected or new games. But this gives you the opportunity to explore something new without spending any cash. You might have never found your favourite game if it wasn’t for the bonus spins.
Casino bonuses – the cons
Some of the disadvantages of casino bonuses are explained below.
Wagering requirements may be a stark realisation for new-comers. I need to give you an example so that you can understand the concept. If you are given a $20 casino bonus with a 10 x wagering requirement, you will need to spend $200 on eligible games before you can withdraw any pending winnings gained. Yes I know, this can dampen your spirit. Just make sure to understand the wagering requirements before you get too excited.
This particular one is a clear reminder that you must read the terms and conditions before spending any cash on casino bonuses. You’ll be pretty annoyed if you claim a $50 bonus and win an insane amount of money, only to be notified that the cashout limit is $1000. So, first check the cashout limit to avoid disappointment.
Like all good things in life, the free spins or cash bonuses come with an expiry date. Most casinos offer them for a certain amount of time. So if you don’t use it in the stipulated time frame, you could miss out on the promotions.
Should I claim the deposit bonus?
Some believe that because of all the red tape concerning payouts on welcome bonuses, they will be better off rejecting the offer. My opinion is that it depends on the casino you are playing with and the terms of the welcome bonus.
It might be harder to meet the requirements for withdraw than it would be if you played with a straight deposit but the free bonuses still have the potential of putting money in your bankroll. Simply put, you should do your homework on the casino you are playing with and read the fine print before grabbing at every promotional offer you can find. At least, then you will know what to expect when the cash-out time arrives.
You do require a bit of luck when playing at an online casino. All of us play with the idea of potentially winning big. So, either way, you have the chance to increase the probability of winning the jackpot. How you play is up to you.
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