Almost every online casino offers new customers some form of “Sign up” Bonus. Usually these are called a Deposit bonus, and are designed to encourage new customers to open an account, and make that initial first deposit. It is important for every new customer of a casino website to understand how these bonuses work so as to make sure they gain the full advantages.
Usually a casino will offer a Deposit bonus that has a fixed percentage that will be credited to the players account in the form of “Bonus funds”. Some websites will give a small amount of money for free as a No-Deposit Bonus but these are very few and far between. The Deposit bonus is much more valuable.
In order to encourage new customer without initially costing any investment, most websites will offer players “Bonus funds” that can be earned by meeting specific betting requirements, but to reduce the risk of giving players free money the casino puts wagering requirements. In general, this will require you to wager a certain amount before you can cash out your winnings.
If a casino were to offer a new player a 100% Deposit bonus worth up to £100 and you decide to take advantage of the entire amount. You deposit £100 and get £100 in bonus money, bringing your account balance to £200. In order to be able to cash out your account balance you must first meet the required betting requirements. If this were 20 times your initial deposit, you would have to wager an amount 20x£100 (£2000). This might seem a little expensive, but the requirements don’t identify between a winning bet or a losing one. Many professional gamblers take advantage of these promotions by using the many online betting strategies to limit losses and potentially maximise winning streaks.
It should be said that before accepting any online casino bonus you should read through the terms and conditions to make sure you’re fully aware of what accepting the bonus entails. Though when these deposit bonuses are used wisely, they are an excellent chance to increase your bankroll and your playing time. These promotions can prove invaluable to new players, if they use common sense and don’t go wagering huge amounts at once, The key to capitalising on these offers is to play small, but often.