Online casinos were a new phenomenon, and they needed to find a way to attract more players. Many players were uncertain if they should invest funds in a foreign entity when they first introduced online gambling. Cash bonuses are a marketing tactic that many online casinos use and continue to use aggressively today.
Online casino bonuses are a great way to attract future clients. Sign-up bonuses, also known as welcome bonuses, are the most popular type of bonus. Although the bonus amount varies from casino to casino, it is usually between 100%-400% of the initial deposit. In addition, the bonus is typically limited, so that you cannot deposit 100,000$ and expect to triple it.
As more casinos began to offer cash bonuses, a new client was born. The client was only interested in the premium and wanted to withdraw the bonus as quickly as possible. The online casinos had to increase their wagering requirements before allowing withdrawals of the prize.
To withdraw the bonus, you must wager at least 10x the bet amount. Although the exact number will vary from one casino to the next, it is usually between 10x and 20x. For example, if you deposit 500$ but receive 500$ in cash bonus, your total bet must exceed 5000$ to cash out the bonus. Although this may seem like a more significant amount, remember that you can often clear the requirements in a matter of hours if you play blackjack with 5$ bets. You will win many hands as well as lose.
To clear bonus points, some casinos have stopped several games from qualifying. This includes bets games, such as a very liberal blackjack version (a single-deck game with a slight house edge) or video poker.
Welcome bonuses are also available at online poker sites. Clearing these bonuses is easier because you must pay a certain amount of hands. Online poker bonuses can be removed quickly, even if you’re a novice player. Most poker sites offer periodic reload bonuses that allow players to receive additional bonuses beyond the welcome bonus.
If you’re just getting started in online gambling, bonuses can be a great way to increase your bankroll. Make sure to review the terms of the casino or check out your favorite online casino portal to get a better understanding of what you are getting into.