Currently more than 1000 online casinos are competing to attract new customers
to their websites. Therefore many of these casinos are rewarding new depositing
players with cash bonuses of 100$ or more. Some even offer 10-30$ free just for
downloading their software.
Money for nothing?
Online casinos are definitely the place to go for some quick cash. Compared to
real world casinos that charge you entrance fees and tips to the staff, online
casinos offer you hundreds of dollars just for placing your money at the table.
How can online casinos afford this?
Online casinos have much lower overall cost than land-based casinos:
Online casinos do not need buildings and other physical facilities
Online casinos need fewer staff
Online marketing costs are much lower
And of course, you cannot just withdraw the bonus money right away - there
are rules for using the promotions: You typically have to play through/wager
your deposit plus your bonus a specified amount of times.
What kind of promotions are online casinos offering?
There are different types of promotions at online casinos and I will try to
explain the most common ones:
No purchase bonus: A free bonus offered just for opening a real account
and maybe registering your credit card information. You don't need to deposit
your own money to receive this kind of bonus.
Signup bonus: A signup bonus is the bonus you receive when making your
first deposit at an online casino. This can be a match bonus where you get the
exact same amount of bonus money as you deposit - eg. deposit 100$ and get 100$
in bonus. It can also be a percentage bonus where you get a certain percentage
of your initial deposit as a bonus - eg. deposit 100$ and get a 20% bonus (20$).
Purchase method bonus: Sometimes you get a special bonus on top of your
normal signup bonus if you make a deposit at an online casino using a specific
payment method like Neteller og Firepay. See the Guide
to Banking for more information about the different payment methods.
Recurring bonus: More and more casinos are offering bonuses to existing
players on a regular basis like once every week or once every month. Monthly bonuses
are the most common and a good excuse to return to your favorite casino again
and again.
Highroller bonus: If you are able to make big deposits the online casinos
will reward you with some matching huge bonuses. Highroller bonuses are often
percentage based, so that you will get maybe 25% on all or first deposits of more
than a fixed amount - eg. deposit more than 1000$ and get a 25% bonus (+250$).
Is there no risk for me?
Of course there is. You could be a compulsive gambler :-) Statisticly you could
also play at a casino where the dealer wins more than you do. Just like at other
times you will experience games where you win much more than the dealer. The small
0,5% house edge which is found in Blackjack doesn't mean that you and the dealer
wins almost equally within a given timeframe.
Also there are risks involved when interpreting the promotion terms stated by
a casino. These are often deliberately difficult to understand. Be specifically
aware that some games do not count towards meeting the wager requirements - these
games may include barrarat, craps, roulette, sic bo or pai gow but sometimes even
blackjack does not count. Such precautions are taken by the casino to avoid loosing
too much money to bonus abusers. If you are in doubt of anything don't hesitate
to contact the casino for an explanation.
4 things to consider when accepting a casino promotion
Play at established casinos only. Use this site as a guideline, read the reviews
made by other users and otherwise check other places on the web - like CasinoMeister.
All bonus rules and stipulations must be met, period. If the casino wants
you to jump through hoops for a bonus, you have to jump through hoops. If
you do not meet the bonus rules, it is likely that the casino will not pay
you.
Do not deposit and then immediately withdraw your deposit when you get
your bonus. You have to keep your money in the account until you meet all
wagering requirement. If you withdraw before then, the casino will keep
your winnings. Do not bother to even try it. The casinos audit all cash-ins.
Chargebacks against the casino are NOT acceptable. If you cannot afford to
lose, then do not gamble. Players who dispute charges on their credit cards
abuse the bonus system and damages the industry and the trust between casinos
and players in general.
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