Are Online Casino Bonuses Too Good to Be True?
If you're shopping for an online casino, it's easy to get swooned by generous welcome bonuses. The majority (if not all) of online casinos have offers hard to resist, especially if you're new to casino gaming on the internet.
There are online casino operators that offer as much as 100% of your deposit as a bonus, and it's understandable why many think that these are offers that are too good to be true.
But let's get the point across right away:
They are real bonuses you can get, but it's not all the time that you should seek the highest welcome offer from these online casinos.
Why? This article will explore why some online casino bonuses are worth it and some may be not.
Why Do Online Casinos Offer Bonuses?
So, why do these online casinos offer bonuses, anyway?
All of them do it to lure new customers or players to their sites, of course. It's simply a great way for them to market their services. However, even if many bonuses are worth getting, you should always prioritize your online safety.
It's wise to be playing at online casinos recommended by CasinoWhizz. They have years of expert experience in the casino industry and are licensed and legit. No need to worry about getting scammed, so all bonus offers are something you shouldn't worry about.
Understanding Bonus Terms and Wagering Requirements
All bonuses have strings attached, and reading what these strings are is the best way to know if they are worth getting.
Bonus terms include the minimum amount required to get a bonus, the wagering requirements (required rollovers), and how long you have to complete the rollovers required.
If you see a 100% bonus up to $100 with 30x wagering requirements (WR), this means that the casino can match your deposit up to $100. You'll also need to wager the bonus you get 30 times so you can withdraw your winnings.
Check how much the minimum deposit is so the bonus will be successfully credited to your account. Typically, online casinos require a $10-$20 minimum deposit for welcome offers. When it comes to the expiration of bonuses, this could range from 1 day to 30 days. It depends on the type of bonus you'll get.
Free spins are only likely to be valid within 24 hours. Welcome bonuses like the example above can be good for 1 week to 30 days. Be sure to read the fine print for this because once the bonus expires and you weren't able to finish the rollovers, all your winnings from the bonus will be forfeited.
When it comes to wagering requirements, anything above 35x is already quite high if you're a casual player. So, anything below 35x is a pretty sweet deal that you might not want to miss out on.
You should also check the bonus wagering contribution chart that most online casinos have on the bonus terms too. This is typically what it looks like:
The percentage determines how each game contributes to the rollovers. If you're playing with a bonus with a high wagering requirement or you simply want to finish the rollovers right away, then stick to playing games that contribute 100%. In this case, these are the game of slots, keno, scratch cards, and board games.
It's common for most online casinos to have slot games contribute 100%. However, it's typical that certain slot games aren't included on the allowed game list like the non-progressive jackpots.
The bonus terms will also let you know if you're not allowed to play certain games whenever a bonus is active. Usually, welcome offers are not applicable to live casino games unless stated otherwise. If an online casino also offers sports betting, they might have a different welcome bonus for sports and the casino.
Conclusion
So, are casino bonuses too good to be true? Well, they are guaranteed true and real if they're from legit casino sites. The question you should be asking instead is if they're worth getting.
The truth is that not all bonuses are worth it, especially if you consider yourself a casual gamer. Generally, bonuses are a good thing if you play a lot and you intend to deposit and play with a huge amount. If not, then you're better off with a low wagering bonus.
As long as you understand how bonuses work and you make sure to read the fine print, the choice to redeem one is all up to you.