Understanding the Casino Bonus

Bonuses in Online Casinos

With the maturation of the online gaming market, the competition among operators has become increasingly fierce. This is the reason why you will find large welcome bonuses offered to new players from almost all online operators. Most of the time you’ll get a bonus of 100% on your first deposit, but many online casinos will continue to offer matching bonuses with subsequent deposits, if you are a loyal player.
We even heard from some of our players that they have been invited with their whole family to a Safari! Others have received a €5,000 on a €500 deposit (which they could however not immediately cash out).

Abuses of Bonuses

The additional bonuses are offered to new players, which the casino obviously would like to keep around for a while. However since 1998 an ever-increasing number of players, so called “bonus hunters” or “bonus abusers” has started to take advantage of these great offers moving from one online casino to the next. This is why online casinos have started to set stipulations on the welcome bonuses they provide; these could be some of the following: playthrough requirnements, wagering requirenments, etc.

An attractive welcome bonus is offered at Casino Euro.

The Bonus is worth it!

A classic example of a welcome bonus would be a 100% match on your first deposit, meaning you deposit $100 and the casino gives you another $100 for free. This means that you have $200 available to play. Often you will only be allowed to cash out if you have wagered your bonus 15 times.
As an example this means that you need to wager $3,000 in order to clear your bonus (i.e. 300 times $10 at the Black Jack table). If you play the regular casino games, the casino has a house edge of 2% (see payout quotas), this means that you have a guaranteed win of $30 with a $100 deposit.

not enough?
$30 might not sound like much, consider that this is the payout you’ll receive if the house wins. This is a mathematically set win! Try to achieve a 30% return on investment on the stock market.

to many restrictions?
let’s take the Black Jack example we described earlier a wager of $3,000 (300 times $10) sound like a lot, but consider that you can play on average 5 hands a minute, then you’ll need 60 minutes to clear the bonus. So in case you should be unlucky, you only won $30 in an hour.

wins so far
A while back we asked our forum members (German partner site only), how much they were able to convert of their bonus in an evening.
I thought that with my $1,080 converted in an evening I was pretty well off, well I was wrong we had a member who was able to convert $78,258 of bonus in one hour! Followed by $52,00!!!

Sticky Bonus

Sticky bonuses are also very popular, these bonuses cannot be paid out, but they are very good as you can use them to place higher wagers, and then cash out the resulting winnings.

without Bonus

Should all of this be too complicated for you and you are just looking for a fair and fun online casinos, consider Spin Palace Casino or any other the other Microgaming casinos, which offer a great place to have fun, while playing your favorite games.