Casino Bonuses – The Good and The Bad
Everyone loves a casino bonus but how can you tell if it’s too good to be true. There are fraudulent and scam sites out there and quite often they will offer massive bonuses to get players to sign up. There are some bonuses that have wagering requirements that are impossible to meet so you never get to cash out your winnings. Below, we’re going to take a look at the different pitfalls you need to be aware of when playing for real money online and how to know when a bonus is too good to be true. Regulated and licensed sites are a must and also those that promote responsible gambling. There have been numerous cases of casinos being investigated for non-compliance to responsible gambling.
One of the first things most players look at when browsing online casinos is the bonuses. This could be a huge graphic image offering $5,000 free which can be very tempting. Of course, huge bonuses like this are usually welcome packages so the $5,000 is spread out over your first number of deposits and sometimes up to 10 deposits so when you break it down it’s not as good as it sounds. Other bonuses such as sign up offers with free spins sound amazing and who doesn’t want 300 free spins. The thing with these is that the free spins are usually also spread out and you receive a fixed amount over a certain number of days. Some bonuses will limit the games you can play.
Choose Your Online Casino Bonuses Carefully
There are very few online gambling sites that offer unrestricted bonuses and there will always be terms and conditions and wagering requirements that must be met. It is important to choose a reputable site to play at like those in this carefully handpicked list of online casinos that are tested and reviewed by experts. All the sites recommended are fully licensed and regulated and the bonuses have fair terms and conditions. Nevertheless, it is advisable to be careful when choosing a bonus offer and do as much research into the site as possible before registering. Try not to get blinded by generous bonus offers.
Tempting as it might be to redeem big bonuses and ones that offer lots of free money, this shouldn’t be the deciding factor. Read reviews and check out the terms and conditions you are agreeing to. It can be very easy to fall for a scam or an attractive offer that doesn’t turn out to be what you thought. It is always important to remember that all online casino bonuses are marketing incentives designed to attract players. They all promise unmissable offers, but the smart gambler learns to spot the warning signs. Below are some of the common pitfalls to be aware of.
Warning Signs for Bad Online Casino Bonuses
In order to spot the warning signs you need to know the types of bonuses available and how they work.
Deposit bonuses are the most common type of offer and these are percentage matches. What tends to attract players is the high monetary value that you are promised just for signing up and depositing money. They do come with wagering requirements though, and in order to cash out your winnings, you have to playthrough a specific amount. The higher the wagering requirements the more you have to bet. For example, you make a deposit of $20 in order to claim a 100% bonus up to $200 with wagering requirements of 50x. You receive $20 free as a bonus, but you have to wager 50x this before you can request a withdrawal. This means playing through $1,000. Some bonus terms will state that the wagering requirements are based on your deposit + bonus and in the example above you would have to play through 20 + 20 = $40 by your wagering of 50x which is $2,000. We recommend looking for the lowest wagering requirements and this should be less than 35x on a deposit bonus.
No deposit bonuses are the most sought after and this is where the online casino promises to give you free money just for registering. This can be between $5 and $20 and they are a great way to try out a new site and play free games whilst still being able to win real money. There are wagering requirements and terms that you have to adhere to, but you do get to keep what you win up to a fixed amount. The high wagering requirements can make these free cash offers very hard to meet so do try to make sure they are fair and achievable. Most casinos do what they can to to stand out from the crowd, so you’ll often find these offers to be competitive.
Online Casino Bonus Pitfalls
There are a few pitfalls to be aware of. To avoid these, follow the tips below.
- Search for the best online casino first.
- Check for legitimate gaming licenses.
- Look for low or no wagering bonuses.
- Try sites out with no deposit offers.
- Meet the wagering requirements before requesting a withdrawal.
- Read the terms and conditions.
There will always be some online casinos that try to scam players into signing up and others will have no intention of ever paying out. They’ll say you have forfeited your bonus or change the terms to suit their intentions. In order to stay safe and avoid scams, you should always do your research and only sign up for licensed and regulated sites. Use trusted review sites and always read the bonus terms and conditions.