There are dozens of online casinos all vying for your business. Offering the biggest bonus for joining their site is one way to draw potential new customers’ attention. It’s great to be offered a huge welcome bonus, but the biggest bonus is not always the best.
Casinos know gamblers keep score with the money they’ve won. They continue playing at a casino where they win. Conversely, they’ll drop a casino like a hot potato if they feel unlucky. Offering the largest bonus possible means the customer already feels like they’re winning.
Free cash is always welcome but don’t always take the biggest bonus. Why? Keep reading to find out.
Why Do Casinos Try Offer the Biggest Bonus?
Online casinos are in plentiful supply so they need to attract customers. They’re nothing without a continuous flow of customers in their table games and at their pokies.
Land-based casinos have an easier time of things when it comes to drawing in players. They’re few and far between so those heading to the casino are doing so on purpose. Some online casino players end up playing just because they’re browsing the internet and saw an advertisement.
Offering new customers a massive bonus is a marketing ploy to grab the attention of potential new customers. And it works. It works extremely well and the online casinos love you taking the biggest bonus from them.
A casino puts restrictions on their welcome bonus for a multitude of reasons. Protecting itself from abuse is the main one. Unscrupulous players sign up with different fake IDs and try getting their hands on a dozen bonuses, for example.
Ensuring a player eventually deposits and uses their own money is another reason. Forcing a player to wager a specific amount on pokies etc usually results in that player using their own funds.
Some casinos restrict the amount of money you can win from even the biggest bonus on offer. Others, most, in fact, place wagering requirements on their bonuses. This is definitely a key area you need to study before opting for the biggest bonus.
All About Wagering Requirements
Wagering requirements are exactly what they sound like. They’re an amount the casino requires you to wager before you can withdraw any of the bonus.
These requirements are usually displayed as 20x, 30x, 40x etc. They mean you need to wager that amount of the bonus in order to withdraw it or profits derived from it.
As an example, an online casino offers you a 200% up to $1,000 welcome bonus. It’s not the biggest we’ve seen but it still looks worth pursuing. You check the wagering requirements and they read 40-times the deposit and bonus amount. Let’s take a look at what this actually means.
Depositing $500 gets you the full $1,000 bonus, happy days, or is it. A 40x wagering requirement on the deposit and bonus amount means wagering $60,000 at the casino! Are you really going to place $60,000 worth of bets to get your hands on a free $1,000? Probably not, unless you’re a high roller.
Matters can be even worse if the casino doesn’t count all your play on a certain game. It’s normal for pokies to count 100% of your wagers towards the bonus requirements. But blackjack and roulette usually only count 10%. This means every $10 you wager only counts $1 towards clearing your bonus! That’s 60,000 hands of blackjack at $10 a hand!
Bonuses are a great way to pad your bankroll and keep you in the game. Not all bonuses are created equally, however. Make sure you pay close attention to the terms and conditions before claiming the biggest one. This is especially true of the wagering requirements.
Be honest with yourself when it comes to working out how much you can and will play. By all means, grab whatever bonus you can just consider not taking the biggest every time.