The latest industry statistics indicate there are more than 2,000 online casinos competing with one another in cyberspace. Although some are subject to geo-blocking, meaning they can only be accessed from specific countries, many are not. With the world wide web, the clue is in the name, and the internet operates in the global village.
All that adds up to a highly competitive marketplace, which is good news for consumers. If you are looking for an online casino provider, you have no shortage of choice. Casinos are focused on market share and will compete ruthlessly with one another to tempt you through their doors. Offering incentives in the form of bonuses is a strategy that almost all of them adopt. But for all the bluster and the sales pitches, are these bonuses really worth having?
Different kinds of bonuses
To start to answer that question, we must first be clear what we are talking about. A deposit bonus is the most common incentive. It is quite common for a casino to offer a 100 percent deposit bonus up to a certain ceiling on your first deposit. So for example if you deposit $100 into your gambling account, they will match it so you have $200 ready to spend on whatever games you choose.
A no deposit bonus is less common, but even better. As the name suggests, it is a sum of money the casino adds to your betting account when you join, and you don’t have to deposit anything of your own.
Free spins are another common bonus format. These can usually only be used on a specific slots game. Casinos often give out 20-50 free spins to new players. Sometimes these are awarded when the player makes a deposit, with others, no deposit is required.
Free money? Not exactly
Casino bonuses look amazing when you see them advertised – and so they should. After all, casinos pay their marketing departments handsomely. But don’t get caught up in the hype and mistake them for free money.
Bonus money or spins are effectively ringfenced from “real money” so you cannot withdraw any rewards they bring you until certain conditions are met. The most common is a wagering requirement. Often set at 30x, you will have to re-wager the winnings that many times before you can cash out.
No deposit bonuses often have a higher wagering requirement, sometimes as much as 70x. This would mean wagering $700 with a $10 bonus before you can actually withdraw any cash winnings. Furthermore, such bonuses sometimes have extra conditions such as caps on withdrawals or time limits. When choosing the best no deposit casino bonus for you, compare all the different US casino bonuses closely and read all the terms with care. Don’t just choose the one that looks biggest!
So are bonuses worth it?
There is no downside to a casino bonus. Even if you burn it out before you can meet the wagering requirement, it still provides a great opportunity to try out different games without spending your own money.
Just be aware that a bonus is soon used up, so consider other aspects of the casino too, such as reputation, customer service level and range of games before you sign up.
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