Are welcome bonuses worth it?
Gambling has pretty much always been a big deal and been a relatively popular activity among adults with the money to spare. In recent years the gambling industry has seen a massive boom when it comes to players and participants. This could be due to the fact the industry has seen massive migration from land based casinos to online ones where accessibility is far easier and much more simple. However, another factor could be that almost all online casinos offer some form of a welcome bonus to all new players who are looking to play on their website.
Every online casino guide will recommend new players to accept these bonuses but many people don’t know exactly how they work. The big question is, in the end, are welcome bonuses actually worth it or are they just a trick to get new players to use their websites? Here are a few factors to take into consideration when answering this question.
The different welcome bonuses
It is an interesting concept for a casino to be the one giving you free money rather than taking all your life savings from you instead. This is an absolutely brilliant marketing strategy on their part because it makes gambling online feel like it’s not as dangerous when it comes to losing money, as playing at a land based casino, where you initially have to play with your own money.
Welcome bonuses come in a variety of forms, and some of the best come from Casino Secret, from free money to play on different games, free spins, or sometimes even a combination, according the review by Japan 101, which can be read here. There are also different kinds of welcome bonuses. Upon registration, one might receive a no deposit bonus. These bonuses generally only allow for small winning and the player is essentially playing with casino money.
Free slot spins are exactly what they sound like, once signing up to a site, a player will be offered a number of free spins on certain slot games. The slot bonuses are usually of more value to a newcomer and is a good way to get started.
Lastly there is the deposit match bonus. For this, a new player will have to pay deposit amount that will qualify for a bonus. This means that not everyone can get these bonuses. Ideally, casinos will give a player 200% more above on their deposit in the form of a bonus.
The wagering requirements
Online bonuses may seem like a fantastic deal. Everyone loves free things and free money, especially if they have to chance to win something without having to spend a cent of their own money. This fantastic deal may not be all that its hyped up to be at first glance though. Most bonuses at online casinos have some form of wagering requirement which makes it possibly seem like a cheat.
Wagering requirements are rules or catches that are attached in the terms and conditions of the casinos welcome bonuses. This could mean that if you have a 10x wager on a $150 bonus, you will have to win $1500 before even being able to think about cashing out your winnings. It is important to read the fine print before accepting any bonuses because they could essentially be pointless to someone looking for a good deal.
Are they worth it?
Some may say that online casino welcome bonuses are worth it while others may completely disagree and say they are a waste of time because of the wagering requirements involved. In the end it all depends on what you want to play. For example, playing a game like poker requires skill and knowing exactly what you are doing. If you are really good, meeting the wagering requirements could be a fairly simple task. Slots however, are completely randomized and all a game of luck and chance. There is no guarantee that you will win enough money to meet the wagering requirements in order to withdraw your winnings.
In the end it all comes down to what kind of games you are playing when trying to discover if welcome bonuses are actually worth it. It also depends on it you are playing for fun or if you are playing to win a boatload of money. Both are very different options with vastly different playing methods.