Things to Consider when Choosing a Bonus Plan
Saturday, January 19th, 2008
“Hot Offer” All Vegas Red players will
receive the 100% match bonus + $25 free with deposit. All you need is
to use bonus code “my25free“
The tremendous competition among the hundreds of online casinos and poker rooms force them to offer a range of bonuses, each of which can come with different terms and conditions. Thus, it is essential that you understand the difference between the various terms like Welcome Bonus, First Bonus, Start-Up Bonus etc. so that you’re not confused. Among these incredible free giveaways are impressive matching percentages, some as high as 200%. But how do you make sense of all this? And what does it really give you?
Free Money? You Bet I Want to Know More
How it works is this: Say an online casino offers you a 100% Welcome Bonus. What this means is they will match the same amount of money you deposit, but up to a limited amount, of course. So if you make an initial deposit of $400, the casino will match your $400 deposit by 100%, giving you an overall bankroll of $800. This is a nice sum to commence playing with – but at what point can you get your money? In this example, the answer is: once you’ve gambled (risked) at least $9,600, i.e. 12 times your total initial bankroll.
Play through Requirements
Of course no casinos are simply giving away free money. The bonus system was designed to attract new players as well as hold on to or regain past players. Thus it’s also important note that virtually every bonus you accept will have a ‘playthrough’ requirement that must be met before you can cash out your winnings.
Nine times out of ten you will be required to ‘play through’ any number of predetermined hands or rounds before you can withdraw your bonus cash, if you haven’t gambled it away yet. These minimums range from casino to casino so again, read the Terms & Conditions carefully before committing. You’ll also discover that certain games may be excluded from the list of eligible games designated for wagering through.
Online casino bonuses are proven to be excellent incentives for drawing players to gaming websites. In most cases all you have to do to receive a bonus is register a casino account with the venue of your choice and deposit funds. Minimum deposits often apply as well so make sure you know what you’re getting into before putting any money down.