- What Online Casino Bonuses Should You Avoid?
- What are Casino Bonuses?
- Bonuses with high wagering requirements
- Carry Over Bonuses
- Bonuses With Unfavorable Max Cashout Rules
- Bonuses with the No Consecutive No Deposit Bonus Rule
- Bonus Comp Points
- Small Bonus Match
- A Few Tips on how to Maximize Bonuses
- Strategize and Play Smart
What Online Casino Bonuses Should You Avoid?
Bonuses are a great thing when you’re starting out at an online casino. But even though they can be a nice addition to your gambling budget, there are a few bad apples you should watch out for. I’ll share with you some tips and tricks on how to avoid getting burned by online casinos and what online casino bonuses you should try and avoid at all costs.
What are Casino Bonuses?
There are hundreds, even thousands of online casinos on today's market. With such a crowded competition, online casinos must do their best to give something interesting that will make players join their platforms. That’s where online casino bonuses come in. They are created to drive new players to the casino by offering them certain benefits and advantages for signing up. With that being said, not all bonuses are good for you, as some can bring you more harm than good. Casinos also have to take care of themselves, and often include certain rules many players neglect to follow. During my years as a gambler, I found that there are several bonuses you should avoid when signing up for a new online casino. This brings me to the first big thing I want to talk about.
Bonuses with high wagering requirements
Wagering requirements are one of the biggest pitfalls players fall into, especially inexperienced ones. They are mechanics included in every casino bonus you will find online, and I mean every. If you try to withdraw your bonus without meeting them, you will be declined and will lose all of your progress towards the said bonus. Whats worse, you can also lose your deposited money in the process and end up with nothing from your playtime. Wagering requirements are considered to be a scam by many online players, though they protect the interests of casinos, so there’s little you can do, except be smart when playing.
So, what can you do to avoid being tricked and trapped with a bad wagering requirement? Well, the only thing that I advise you to do is to read all of the bonus terms and conditions before signing up to a casino. Watch out for all suspicious signs and don’t accept a wagering requirement that you think might be a challenge to meet. In my opinion, wagering requirements at around 25x are very easy to obtain, while your chances of getting that bonus significantly diminish when you get into 30x-40x types of wagering requirements.
There is another thing you should be aware of when trying to meet bonuses, and that is that not all casino games count toward the wagering requirements. I cant tell you of how many people aren’t really aware of this, even though it makes a huge difference. For example, slot games count fully towards meeting wagering requirements, while games like baccarat, roulette or poker don’t count at all or contribute in a really small amount. A quick look at a casino's Terms and Conditions are usually enough to help you tell which games you should play when trying to meet wagering requirements. This is a bit of a shady trick online casinos pull on us, but it can be avoided if you know about it.
Carry Over Bonuses
Bonuses With Unfavorable Max Cashout Rules
Let me make it clear from the start when it comes to this bonus. If you’re a high roller and want to play for money, you should not only look if a casino has unfavorable cashout bonus rules but try and look for one that actually doesn't have any. Why? Because these types of bonuses can really be a buzz kill, especially if you’re on a row and starting to win some nice money with the bonus you’ve obtained. It states that, no matter how much money you win, you won't be able to withdraw past a certain amount. It hurts even writing about it. Imagine being on a really hot streak, winning thousands of dollars during your evening playthrough and when you try and cash out the bonus money you’ve obtained, you get the message that there’s a maximum cashout limit for this bonus set at $200. Instantaneous cold shower and the evening is ruined. Watch out for bonuses with these types of rules attached to them and try and avoid them at all costs. Check and if necessary double check the terms and make sure that any winnings you can potentially get aren’t caped, or have a really high cashout limit.
Bonuses with the No Consecutive No Deposit Bonus Rule
This is not a rule I've found in many casinos, but some online gambling houses and bookmakers included it in their Terms and Conditions. This rule says that if you happen to take more than one no deposit bonus at their platform, all of your winnings from the bonuses will be voided. This is another underhanded thing online casinos tend to do, as they are the ones that offer all of these bonuses. If you break this bonus rule, you risk of losing all of the money you’ve won, and also will be ineligible for future playthrough sessions. Many experienced gamblers I know usually try and avoid this bonus, as it is just not worth the risk. The long Terms and Conditions pages can hide many rules and caveats that can cost them all of their money, so they just prefer depositing their own money and playing with it. That way, the rules are simple and there aren’t any hidden rules or terms you have to watch out for.
Bonus Comp Points
Just to be clear, I'm not saying bonus comp points are a bad thing, only that sometimes they have bad terms attached to them. Try and avoid comp points and loyalty points that have any additional rules or requirements attached to them, because it's not really worth it. There are plenty of online casinos out there that offer loyalty points for playing at the casino and spending money, and they don’t come with any wagering requirements. This is the smart way to go, as comp points are generally small prizes and bonuses that aren’t really worth too much hassle to obtain. Bonus comp points and loyalty points should only serve you as quick free bonuses you just cash out for real money along the way.
Small Bonus Match
Admittedly, this isn’t a scam by the casino, though it can be a make or break deal when playing. This especially applies if you’re just registering onto the casino platform. New player and welcome bonuses are usually the most lucrative ones and you should try and make the best of it. Try and look for the highest percentage you can find, and check the requirements tied to it. I tend to avoid all bonuses that have less than a 100% match attached to them. If you see a 50%, 25% or even as low as 10% definitely try and avoid them because they will come with a wagering requirement that just won't be worth meeting for such a small overall bonus.
A Few Tips on how to Maximize Bonuses
These were the most important types of bonuses and casino tricks you should try and avoid as much as you can. But there are a lot of things that depend on you as a player, which can help you stay safe and help you enjoy at a casino.
- Don’t always cash out when you meet requirements – logically, this is a dumb advice from my side. Of course, you want to withdraw your money and enjoy your hard earned cash. But if you do this often, they might decide to make you ineligible for their bonus promotions, or even ban you. Again, this seems really unfair but after all, casinos are all about making money, and some casinos wouldn’t care if they’d have to ban you in order to keep themselves profitable.
- Don’t Make Huge Bets – By this, I mean that you shouldn’t drastically size your bets between rounds. Bet sizing works like this: you make a deposit of $100 and get the bonus match in the same amount. You set a goal of $400 and wager big until you meet it. After this, you just grind out the remaining wagers by making minimum bets on each spin until you meet your wagering requirement. Although this strategy was effective in the past, now it will only get you banned. More and more online casinos are clamping down on this, banning players who put big bets on their bonus, trying to have the edge over wagering requirements. You should definitely be careful when betting on your bonus money because it's not really worth getting banned over.
- Deposit Money Without Expecting Bonuses – Casinos like giving their players bonuses, as it is an essential part of their business model. However, it can actually be detrimental to you if you claim too many over a short period of time. So, in order to avoid any negative consequences, my advice to you would be to mix things up. Depositing and playing with any bonuses once in a while will help you scratch the reputation of being a bonus abuser and keep you on the casino's good side. Plus, you won't have to worry about wagering, terms or any restrictions. You can just enjoy your game and have fun.
Strategize and Play Smart
Okay, to summarize all I've been talking about, I don’t think all bonuses are scams and are bad for you. These offers are by no means a trick, though you can be tricked in the end if you don’t know the exact rules. There are many great online casinos out there that offer very good and favorable bonuses that are easy to meet. Better yet, there are online casinos that don’t even have rules when it comes to certain bonuses, like the dreaded wagering requirements. In the end, it all depends on you. When you find a casino that you think could be good for you, read up on it, make sure it’s a reputable one and play smart. With a bit of strategy and some luck by your side, you will have no problems cashing out those tempting online casino bonuses.