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Online Casino Bonus – Maybe It’s Simply Not Worth The Effort /

Online Casino Bonus – Maybe It’s Simply Not Worth The Effort

It's always important to keep in mind that all online casinos are, first and foremost, businesses that need to turn a profit. If they offer a customer something disguised as a freebie, the customer will need to pay for it later down the road. So, when you see those generous casino bonuses, look at them whilst wearing your logical hat. All will come with stringent restrictions and rules, making it difficult for the player to be able to turn a profit. We suggest that you leave them well alone.

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Why Skipping The Online Casino Bonus Can Be A Good Idea

Whenever you visit a new online casino then one of the first things you’ll notice is the tasty welcome bonuses. These are designed to entice new players into signing up for the website. Many believe this is a form of free money. And to a certain degree, there’s some truth in this. After all, a 100% bonus of up to $400 on your first deposit means that you’re going to almost double your bankroll instantly. Technically this should help you win the jackpot online. But it’s important to realise that casinos are not charities. All casino businesses, like Bet365 Casino, will always be thinking of their bottom line. As a result, all casino bonuses will come with many restrictions. Some of these may be so difficult to fulfil. So much so, that you may actually be better off if you simply skip the online bonuses altogether.

How Does The Online Casino Bonus Work?

When you first look at online bonuses, you might be forgiven for believing you could simply sign up, grab the bonus, and then cash out. But from the casino’s point of view, that would be unprofitable. And that’s why all bonuses will come with what’s known as “wagering requirements.” Essentially, this means that you need to gamble a set amount of cash before you are allowed to cash out. And this is often expressed in multiples of your initial deposit, plus the bonus. For example, you may well see a wagering requirement of 30x the deposit plus bonus. This means you’d need to play through the total of those amounts 30x.

For example, if you were to make a $1,000 deposit. And you received a 250% bonus. Then that would be $2,500, which would give you a total of $3,500 simply for signing up. Now, if you were to take into account the 30x wagering requirement, this would mean you need to spend a minimum of $105,000 before you could cash out. Gulp!

Why You Should Ignore The Online Casino Bonus?

Though it may sound counterintuitive, here at Jackpotfinder.com we suggest that all casino players simply skip taking the bonuses entirely. We believe it’s the best practice to only bet with your initial bankroll. By doing this, then you’ll have the option to cash out whenever you wish. Below we’ve listed the main reasons why it’s probably better to skip the online casino bonus altogether. In truth, these bonuses will not really help to increase your jackpot winning chances.

Impossible Wagering Requirements

As you can see from the above example, wagering requirements can mean that the bonus is only accessible by spending huge amounts of your own money. Though it’s true that most casinos will have a maximum betting amount, nevertheless you’ll need to bet over a considerable period of time to be able to satisfy the wagering requirements. In doing so, you may be up against the bonus time limits, which are designed to further restrict your possibilities of cashing out. We’ve found that one of the lowest wagering requirements is that offered by Bet365 Casino. It’s just 20x and they offer all new players a welcome bonus of 100% up to £25. So this is very playable.

Unfavourable House Edge

Obviously, casinos are in the business of making a profit. And though their bonus may first have the look of a gift, they’re actually a very shrewd business decision on the part of the online casino. As you are well aware the casino always wins in the long run. This is because they have a small percentage, known as the “house edge”, which guarantees them a profit. Looking at the above example, where you need to place bets equal to $105,000 in order to cash out, then thanks to a house edge of 5%, you will lose $5,250. The real figures here are that you will start with the bankroll including your bonus of $3,500. Yet before you’re able to cash out, you’d have lost $5,250. And that’s the general idea from the casino in question. So in all probability, you’ll lose all your money before you’re able to meet the wagering requirements.

Online Casino Bonus Terms And Conditions

Many novices and regular casino players make the mistake of skipping the terms and conditions of the online site. These will stimulate and regulate the casino businesses. By doing so, these players are ignorant of which jackpot games these bonuses can be played on. As well as all the other rules and regulations that restrict their use of any bonuses. So a player might very well make a deposit and receive a bonus. And then play long enough, and spend enough to meet the wagering requirements. It’s only at this point they discover that they cannot cash out because they have been playing the wrong game. So always take the time and effort to read through the terms and conditions. You’ll find all the relevant bonus information hidden in this small print.

Delayed Cashout

You’ll find that most online casinos will usually offer fast cash out options. This can be especially true when it comes to clearing your wagering requirements. But keep in mind that these businesses will make the process a lot more complex. Hidden in the small print would often be the terms of service which means they will hold on to your deposits for much longer time periods. Just as we previously mentioned, these terms and conditions will have specific requirements you’ll need to fulfil in order to cash out your winnings. And some of these may involve very long waiting periods.

The Online Casino Bonus Is An Illusion

Whenever you visit new casinos to win the jackpot, you’ll see that the welcome bonus will be probably the largest and most noticeable part of the initial web landing page. Because there are so many online casinos chasing customers, you’ll see some amazing bonus offers. But remember that these are designed to tempt you into signing up. Also, keep in mind, you don’t receive any bonus until you’ve actually deposited funds into the new casino’s account. With so many bonus restrictions and regulations in place when it comes to utilising these bonuses, it could well be a considerable period of time before you’re able to actually cash out.

In the meantime, you’ll receive any number of aggressive marketing techniques, along with other bonuses which are designed to encourage you to keep betting. In this way, it could be said that casino bonuses exist to fuel a gambling addiction. And they can certainly help to create one. This is just one of the many reasons why we suggest you ignore the bonuses and only gamble with your preset bankroll.