Win or lose the sign on bonus online casinos offer new players is a nice incentive. The biggest mistake players often make when they accept a bonus is that they don’t always read its terms and conditions. As a result they blame the casino. In this article I’m going to give you a brief explanation how to determine if the bonus is in your best interest or not.
Since the inception of the Internet thousands of internet gambling sites have come and gone. Some operators have been online for more than 10 years and still going strong. I don’t need to tell you that the competition among operators is fierce. To get players to sign up is no mean feat. This is why they must come up with new incentives that will entice players to deposit and play. What better lure is there than the sign on or match bonus. The size of the deposit bonus can range from 100%, 150%, 200% even up to 400%. But the most popular bonus of the lot is the 100% match bonus.
Is The Bonus Worth It?
This depends on many factors such as the casino you’re playing at and the terms attached to it. One of my favorite is CasinoLuck. By the way it’s one of the best sites for both European and UK based players. What makes the operator stand head and shoulders above its competition is its fast cash outs (couple of minutes for ewallets), customer support is on point, offers more than 800 games and its promotional offers are top of the deck.
If its your first time visit and you are done snooping around, CasinoLuck welcomes you with a 3-tier bonus package up to €500 plus 275 free spins. In other words it comprises of three match bonuses:
- 150% up to €150
- 50% deposit up to €200
- 75% up to €150
Before you accept the bonus look at the following:
- The WR attach to it.
- The minimum deposit to unlock it.
- If there’s a max. bet per spin clause?
- The weighting of each game (slots count 100%, video poker 10%)
”For this promotion, not all games contribute the same percentage towards reducing a player’s wagering requirement. Wagers made on most games contribute 100%, with the following exceptions: All slot machines and other games with a progressive jackpot contribute 50%. Super Nudge 6000, Jackpot 6000 and Mega Joker classic slots contribute 20%. Table Games, Hi-Lo games and Video Poker games (except Jacks or Better) contribute 10%. All type of Black Jack games, All Roulette, All Jacks or Better Video Poker, Punto Banco, Baccarat, Oasis Poker, Texas Hold´em, Craps and Casino Hold´em contribute 1%.”
Can I use the bonus to play different games?
Yes you can. Most 3D slots count 100% toward the play-through but table games like blackjack and craps only count 1%. It’s best to use the bonus just to play slots. It is not in your best interest to use the bonus to play table games since it only counts 1% (see above). This is a cashable bonus. Once you cleared the WR (wagering requirement) it can be withdrawn.
Is the bonus redeemable?
Let’s say you use the bonus to play NetEnt’s Guns N’ Roses with a house edge of 3% (RTP of 97%). Strictly speaking you’re losing €0.03 for every €1 wagered. That’s 1/30 currency unit per spin. You accept the bonus and deposit €50. Because it’s a bonus of 150%, CasinoLuck will match your deposit with a bonus of £$75. Instead of playing with €50 you can now play with €125. Before a cash out is permitted you must stake 40x €75=€3,000. Therefore, 3%x3,000=€90. You’ll have to wager an extra 15 credits to clear the bonus. This also depends on your average bet per spin. As a player I’ll accept it. But smart play is required.
Another casino’s bonus I’d like to explore is Club World. The operator accepts players from the United States. U.S players are by nature high rollers this is why the sign on bonuses are larger. Is it necessarily a good thing? Once again this depends on the site, the size of the bonus and its play-through.
Club World offers first time customers a hefty bonus of 100% up to $777 (BIGSLOT) to play slots, scratch cards and keno. Note, deposits can only be made in U.S dollars. Before you can qualify for the bonus you must deposit $25. You accept the bonus and deposit $200. Club World will match your deposit with a bonus of $200 (100% match), your new bankroll is $400.
Before winnings associated with your bonus can be withdrawn, the deposit and the bonus sum must be staked 20 times (20xd+b). It works like this: $200+$200×20=$8,000. You decide to play Zhanshi Realtime Gaming’s video slots which boasts a RTP (return to player) of 96%, the edge to the house is 4%. So, 4%x$8000=$320. Your bonus of $200 is competing against a house edge of $320. You must wager an additional $120 to clear your bonus of $200. From a financial point of view it’s not in your best interest. What I like about Club World’s bonus is that you can win an unlimited amount of cash with it.
Quick Bonus Tips
Before you accept the SUB (sign on bonus). Pay close attention to the following:
- If the WR is more than 50xb don’t accept it. The steeper the play-through the more cash you need to spend to clear it.
- Only use the bonus to play slots with a high RTP (96% plus).
- If there’s a max. cashout amount attach to the bonus take a wide berth. Some bonuses state that you can win up to a maximum of $3,000.