Online casinos offer an array of bonuses in a bid to attract new customers as well as retain existing players. These bonuses are exciting too and can help perk up your bankroll. That’s why they are the first thing to draw a player to a casino site
Unfortunately, most online casino bonuses often come with a long list of terms and conditions that you need to meet before cashing out. But, are these limits a deal-breaker for you?
Today, we are going to explore the top pros and cons of online casino bonuses to help you decide whether or not they are worth it.
Pros of Online Casino Bonuses
1) Huge Variety to Choose From – Multiple Bonuses
The first good thing about online casino bonuses is that they come in a massive variety. This is especially true for players looking for a new online casino to sign up with. At the gate, you’ll be greeted by an enticing welcome offer, with some casinos offering up to $5,000 or even more!
Depending on the casino, you can also expect other types of bonuses on offer. These include match bonuses, reload bonuses, no-deposit bonuses, daily/weekly/monthly loyalty bonuses or even a high-roller bonus. There’s simply something for every kind of player. Reload bonuses are usually targeted at active players.
2) They Can Help Boost your Bankroll
Bankroll management is essential whilst playing at an online casino. This is particularly the case if you intend to hit a jackpot or big payout on slots. The longer your bankroll lasts, the higher your chances of walking away from the casino with a large bank balance.
That’s where free cash bonuses come in handy. If you are a player on a lean bankroll, you want to leverage as many bonuses as possible to increase your gambling experience.
3) Cash Bonuses
Nothing sounds as good as extra cash from the casino. Whether you’re offered 200% or 400% match bonus, this gives you a chance to extend your deposits. Ultimately, using cash bonuses means extra playtime and a higher likelihood of striking big wins.
4) No Deposit Bonuses
These are the Holy Grail of welcome bonuses. Some even don’t have a wagering condition. All you have to do is register for an account with the casino – and voila! The beauty of no-deposit bonuses is that they help you to get a genuine feel of the casino before you deposit and play with your real money.
Cons of Online Casino Bonuses
1) Wagering Requirements can a Big Bummer!
This is perhaps the biggest downside of online casino bonuses. Most casino promos, free spins, and cash bonuses come with unfairly high rollover or wagering requirements of up to 100x or even higher. That means you have to bet the amount of the bonus (plus the deposit) at least 100 times before you make a cashout. What a turn-off, right?
2) Minimum Deposit Conditions
This requirement may not be a big deal for most players, especially high-rollers. However, it can be a bit of a nuisance if you want to wager only $20, and the minimum deposit required for the bonus is say $45.
3) Some Bonuses are Only Applicable to Certain Games
This is another reason why most players stay away from casino bonuses. Some casinos give a condition that the bonus only applies to one or a few games. Table games, which are easy to beat, are typically out of the question. What if you are not fond of slots?
4) Time Limit
Some bonuses, especially ongoing and reload promos have a time-sensitive limit. In some cases, you have to spend the entire bonus within 24 hours. Needless to say, this can be very inconvenient for players who like to spread their bankrolls over several days, if not months.
Online casino bonuses and promos are a great way to start your gambling experience on the right foot. They help increase your bankroll, boost your winning odds, and increase the overall excitement. However, you have to deal with often restrictive requirements. It’s important that you weigh the pros against the cons to see if taking advantage of them is indeed worth it.
Ari Waknine was born in Brooklyn, New York and was the founder of iGamble Group, an online gaming critique firm that helps players pick online gambling websites that fit their profile, as well as, helping them to increase their winnings. He is also the founder of NewCasinos.org, and is strictly focusing on this project making stronger and better than ever.