Every online casino tells you that they’ll give you lots and lots of money as soon as you sign up. Remember what your father told you: there’s no such thing as a free lunch. First, there are very few sites that offer bonuses without a deposit. If you find a site that offers a no-deposit bonus, go for it. Enjoy the play. Be aware that even if you win big, your chances of getting that money out and into your bank account are not too hot.
The secrets of no-deposit bonuses are pretty basic. First, the playthrough on them is high enough that unless you hit a jackpot, you’re likely to go bust long before you get near the playthrough requirement. Second, if you do hit that jackpot, you can only cash out a small amount, say $50 of it. Third, you’ll still have to make a deposit and play a little before you can cash out that $50.
When it comes to deposit bonuses, be sure to read the terms carefully and warily. First, you’ll have a playthrough requirement. That will usually be twenty to forty times the value of the deposit plus the bonus. Be careful, though. If you play the wrong game, it could be two hundred to four hundred times the value, and if you play the wrong game on some sites, your bonus and all of your winnings can be taken away for violating the terms and conditions of the bonus. If you play blackjack, craps, baccarat, or roulette, you might be better off forgoing the bonus altogether or asking the customer support staff if there’s a special bonus for your game.
If you’re a slots player, though, the bonus will give you extra hours of play, and extra shots at the jackpot, so it’s a pretty sweet deal. Even then, though, check the terms and conditions. A lot of sites say that the bonus is only for play. That means that they remove the value of the bonus from your winnings when you go to cash out.
It’s not all bad though. Let’s say you deposit $100, get a $200 bonus, and at the end of your playthrough, you have $500. You go to cash out, they give you $300, which is a net win of $200. This is the point at which you hope that you’ve chosen a good casino. An honest online casinoo will give you the internet equivalent of a handshake and tell you to come back soon. A dishonest one will dispute your withdrawal and call you a bonus abuser.
It’s a lot to consider, but it’s important to be aware of the ups and downs of online casino bonuses.
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