Roulette Casino Bonuses
One of the best promotional tools any online casino has it is welcome bonus. Whether this is a match bonus on an initial deposit or a no-deposit promotion when you register an account, gamblers scour the Internet looking for the best casino bonuses. These potential real money players need to read the fine print when choosing which deal to accept, because the wagering requirements can be exacting. In fact, many roulette players have deposited money in a casino because of a humongous bonus offer, only to learn later the only game which clears the bonus is slots. Without a doubt, the old saying “The Devil is in the details” applies to online casino bonus deals.
Types of Bonuses
Two major types of bonus are offered: the no deposit and matching bonus. The no deposit offer doesn’t require you to make a payment. All you have to do is register for an account and verify your email address and the bonus is added to your account. Usually, this is a small amount, between $5 and $30, but it’s a free bankroll.
The matching bonus is more substantial, because it matches the amount of money you put into your account. This offer has two main parameters, including what percentage bonus funds are added and what the spending limit is. The percentage tells you at what rate the bonus money accumulates, depending on how much you add yourself. A 100% bonus means the money is matched at a 1:1 rate. If you add $100, an extra $100 is added. A 50% bonus would only match 50 cents on the dollar, so $100 added by you would net $50 bonus in addition. If you received a 300% offer, then that $100 would come with 300 dollars in bonus money.
Since some of these offers can skyrocket pretty quick, most online casinos put a cap on these offer. They have a maximum amount they’ll match, which is usually advertised in their promotions. If you see 100%, $1000 bonus, this means they’ll match up to $1,000 whatever you put in. If you add in $2000, only the first thousand is going to be matched. I should also mention that many casinos have a maximum and a minimum bonus matched. This is usually between $5 and $20 (with $20 as most common). In this case, if you payed $19 into the account, you would receive no bonus.
Earlier, I mentioned the wagering requirement. This is a term to describe how many times you must wager the amount of your bonus before you can withdraw the additional cash added into your account. Another term associated with the wager requirement is “playthrough”–you have to play through this amount a certain number of times before you can withdraw it. The playthrough requirements are usually shown as 20x, 30x, 40x, or even 50x. If you received a $100 bonus with a 30x wagering requirement, you would have to wager $3,000 before withdrawing those funds.
Since the house edge is 2.7% on a game of European roulette, you would need to times that $2.70 you expect to lose on every $100 wagered by 30x to determine how much you would expect to lose (on average). In this case, it would be $81. So with a 30x playthrough, you would expect to pocket $19 of that original bonus. A playthrough of 40x would turn out to be $108, meaning most people would never be able to withdraw their bonus. Whether it’s a no deposit bonus or a matching promotion, this is how casinos can make these offers to anyone who walks through their door.
Limitation on Games Played
One other major factor is often added in the fine print of these promotions. The games which apply to the wager requirement are often limited. Some casinos don’t allow blackjack or video poker to count towards the bonus requirements. Others limit the gaming only to slot machine, keno, and virtual scratch cards (the games with the worst odds). A common method these days is to offer a separate slots promotion and then a table games bonus. The casino table games offer is what roulette players need to locate on a casino’s website, because these will be the best bonuses for your gaming choice.
How to Clear the Bonus
Most players want to clear their bonus quickly, so they can make a withdrawal sooner rather than later. Since casinos often make these bonuses contingent on 30, 60, or 90-day limits, that’s the smart thing to do. Also, veteran gamblers know that the odds are against them, so they might as well lessen the number of bets they make, in hopes of getting lucky.
If you want your best chance to clear a bonus, make the biggest bets you feel comfortable with. This clears the bonus quicker, while shortening the length of the game. You do this for the same reason football teams with a lead run the football and basketball teams with the lead shoot at the end of the shot clock–you want to limit the chances the casino can take your money by shortening the game. If you’re the underdog, the longer the game continues, the more likely the real world results are apt to look like the theoretical projections. So clear the bonus quickly. Then you can move on to the next casino, or withdraw your money and use it for something else.