In the gaming industry there are two main areas of online gambling and two different calibres of player, free play and real money wagering. The first is the key ingredient for enticing business to some of the worlds most impressive casino sites, the second is how those same casinos make their money. Whilst some people prefer to play roulette and slots without risk, it is that same avoidance of risk that warrants the stalemate that is “playing for free”. It lacks the experience that real money betting brings to the table and ultimately dilutes the excitement that comes with playing to win real money (wagering). Some would argue that casino isn’t casino without the gamble, and they’re probably right too. But what’s in it for us, what’s so special about depositing and why is worth trying to win. The answer is deposit bonuses and we’re going to explain how they work for us.
The most common form of a deposit deal is no doubt the start up package that comes with joining an online casino, otherwise known as the welcome bonus. This is what we call an “open door” promotion of which the operator is using to entice custom and membership. These can range from a few pounds, to a few hundred pounds to even a few thousand pounds. Some high rolling bonuses for instance fall into this bracket. Depositing players can expect to be offered two key pieces of information, the first is the amount of real money and the second is the percentage offered. An example of this might be “Get a free £250 up to 100%”. So let’s look at this offer in more detail, what does it actually mean and how does the £250 actually work for us.
In a way the bonus is free play, though unlike no deposit needed freebies you can use it for real money wagering. With that same amount we discussed above, to take total advantage of the deal in its maximum state, it would require depositing £250 at the casino. The operator then credits the account with £250 so almost instantaneously we are betting with double money, £500 whoopee. But wait a minute. Some players think they now have £250 risk free betting because they’ll attempt to use the free credits given by the casino first before their own actual deposit, Wrong. Attached to every possible deposit bonus will be something called the wagering requirements, or another term “the teeney eeney weeney small print”. This ties your hands slightly and protects the online casino; it also allows time for the house edge to rake back its intended profit point. Imagine if there were never any play through (wagering) requirements, people would just win and walk. This is ok normally (if you’re lucky) but not whilst you’re playing with the deposit bonus amount.
So whilst the initial “Get £1000 Free” sign might seem very attractive (and it is), you just need to be aware of the reality that comes with such a depositing match offer. Normally the bigger the deal then the more likely any play through requirements will be larger with it, it ultimately means that you can’t withdraw any winnings until you have played through the bonus lets say “20 times” first. But don’t be put off, whilst this might seem a lot at first, it’s perfectly normal and you’ll wager through the figures quite rapidly. Games such as roulette and multiple bet line slots are some of the better casino games to deal with high wagering requirements.
So what’s the lesson? It’s important not to fall in love with the big numbers as you’re better off settling for the middle ground. More reasonable and less attractive bonuses might seem small in comparison, but the truth is that they work harder for you. When it comes to real money gambling is not about the welcome bonus, it’s about the winning, and the sooner you get through the wagering requirements you can withdrawal. Team covertcasino.co.uk is one of the few independent casino review sites which actively targets reputable brands with the best welcome bonuses possible. Remember, bigger is not better, it’s the winning that matters when it comes to real money.