What are online casino bonuses all about?
Newcomers to online gambling must first of all learn what online casino bonuses are all about. Probably, as a new player, you’ve seen all the buzz casino make with 100% here or 200%, bigger and bigger numbers followed by a percentage sign. What does this mean?
Casino bonuses have a twofold purpose. On the one hand, they give players extra money to play the games of the particular casino. On the other hand, they restrict the ability to cash out winnings, if any are achieved during play. Now, a casino bonus with a percentage such as 100% really means that the casino will give you, when you deposit, the exact same amount of your deposit as bonus money. A 100% bonus means that if you deposit $50 you will play with a total of $100. $50 coming from your own pocket and $50 coming from the casino. A 200% bonus will give you twice your deposit, so in our case above, it will give you $100 in bonus money for just a $50 deposit. And so the list can go on forever. For percentages over 100% it is quite simple to calculate. Simply multiply your deposit by the first digit of the bonus (any bonus ranging from 100% to 900%). If you find a 500% bonus out there, that’s going to give you 5 times your deposit.
Now, the second reason casino give out this bonus money is to restrict your ability to cash out. A casino won’t give you all that money without making sure first that you will not run away with it. To avoid this the casino sets a certain parameter of forced bets known as wagering requirements or playthrough requirements. What this entails is that the player must wager the deposit and bonus a number of times, in order to complete a total number of real money bets in certain games. For example, a 100% bonus that has 20 times wagering, means that you have to add up your deposit (say, $50) and the bonus ($50) and multiply that total ($100) times 20. That gives you a total of $2,000 to be played before you can request a withdrawal.
Bonus are fun but you must be sure to understand how they work for no regrettable surprises.
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