If you have ever played online, you are aware of being continually bombarded by offers that are designed to improve your wealth. For players who are not quite familiar with how casino bonuses work, they look quite lucrative.
The offers seem to offer to double any money deposited. The promotions are also designed to attract as many players as possible. Each casino site comes up with its own range of promotions in a bid to one-up its competition.
A best online casino bonus canada is therefore an attractive option for players who are starting out in the online casino world since they can start with a boosted bankroll that extends gameplay.
However, are snapping up casino bonuses always worth it? This is what we will be shedding the light on today.
It is important that whatever type of casino bonus you are thinking of claiming, whether it is a match deposit offer or free spins, comes with a value attached to it. The terms and conditions attached to the offer are what ultimately designates the value.
What to know about casino bonuses?
There are many factors you need to consider when you are trying to evaluate the value of the bonus. These include the wagering requirements, the caps on winning, the house edge of the game, game exemptions and maximum betting.
Some of these are standard. For example, some casinos will only allow you to cash out some winnings, but not the full amount. They are in the business to make money after all.
Game exemptions are also an important factor. If you like playing live casino games by Evolution Gaming, for example, then you should be aware that they might not contribute at all towards the wagering requirements.
The importance of the wagering requirement
Also known as the playthroughs, the wagering requirement details the number of times you need to pay your total deposit + bonus amount before the funds are converted from bonus cash into withdrawable money.
Wagering requirements tend to vary from one offer to another. The industry standard is now 35x, but we have seen offers going all the way up to 200x.
We would say that the wagering requirements is the one you really need to watch out for since it dictates your chances and odds of actually cashing out. If it is too high, you are highly unlikely to meet them and will lose your funds.
The prominence of the house edge
The house edge also plays an important factor. It states the percentage of the total bets that is going to be retained from players over a period of time. For example, if a casino game has a 5% hours edge, it stands to make a profit of 5% from your overall gaming session over a period of time. The house edge is never this low, by the way. This is just an example.
Some card and table games enjoy a lower house edge such as the game of online blackjack, while others have a higher house edge and bad odds. Slot games usually have a higher house edge.
With Blackjack, as long as you have a good strategy in place, you should be able to reduce the house edge.
So should you take up that casino bonus? It all depends on what games you are thinking of playing and the conditions of the bonus you are thinking of claiming. If you can weigh out the options, you should be able to determine whether it is worth it or not.
If you are looking to play for fun and not to win real money, this makes no difference whatsoever. With a bit of luck, you should be able to come out of your gaming session with a few wins. You can part yourself on the back.
