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How to tell if the bonus is worthwhile

Bonuses are a great way to enjoy your favourite casino games with less investment in money. At many online casinos, you can get access to some bonuses even without making a deposit which makes them attractive. This all sounds too good to be true to players with good reason.

While some bonuses are great, many may not be worth your time and money at minimum deposit casinos.

At first sight, it may be difficult to tell which bonuses you should indulge in. But with the right knowledge and calculations, you will be able to pick good ones.

This article will explain the different bonuses available and how to pick worthwhile ones.

Categories of Bonuses

Online casinos offer an annual bonus variety that caters to anybody. Whether you are a new player or an experienced player, you should be able to define bonus types. Here are the categories:

  • No deposit bonuses are exactly what the name suggests. You gain access to them without spending or depositing any money into the casino. While the amounts given may be small and may include free spins, you can still play for real money winnings.
  • Welcome bonuses are given out to new players. They may be only for a first deposit or be spread out over multiple deposits. Casinos are generous with their welcome bonuses. They have usually matched percentages of the deposit and can go as high as 400%.
  • Deposit bonuses are for players that have been with the casino. These bonuses follow welcome bonuses and run on weekdays and weekends. They also offer matched bonuses though at lower percentages compared to welcome bonuses.
  • Free spins allow players to try specific slots for free before you decide which ones to spend money on.
  • Loyalty rewards are how the casino gives back to loyal players to keep them coming back. Some casinos have loyalty programs where you accumulate points that you can exchange for rewards like gifts, trips, events, and free play money.

Once you have an understanding of the categories of bonuses, you can look out for these factors for whether they are worthwhile.

Rules and House Edges For Different Games

What games do you enjoy playing at the casino? Whether it’s slots, poker, blackjack, roulette, or live dealer games, their house edge will be different.

Even though the odds are in the house’s favour, some games have better odds. Those odds may even differ for variations of the same game. For example, the house edge of American roulette is higher than European roulette. Blackjack’s house edge also increases once you add a deck of cards.

Due to this, the house carefully considers which games to include in bonuses and the wagering requirements. Slots contribute more to bonuses while table games contribute less.

Deposit and Payout Limits

Before you try a bonus, it is important to check the bonus structure on deposits and withdrawals. There are different limits that casinos put on bonuses that may come back to bite you if you do not pay attention.

Some casinos limit the payment method you can use to claim a welcome or deposit bonus. But even if you use the appropriate method for a deposit, it may not be acceptable for withdrawals. For example, some e-wallets such as PayPal and Neteller may be allowed for deposits but not withdrawals at some casinos.

You also need to watch out for limits on withdrawals. Whether you hit a jackpot using free spins, casinos have a limit to what you can withdraw which may be around $100.

Besides the wagering requirements, you need to watch out for the limitations on payment methods and withdrawal limits to avoid disappointment.

Wagering Requirements

Giving out free money comes at a cost and casinos understand that. Thus, to avoid bankruptcy, they add wagering requirements. They can range from 20x to 60x or higher.

Not all bonuses have the same wagering requirements, Some apply to only the bonus while others may apply to the deposit amount and the bonus.


Players should ensure they understand whether they will be playing through the bonus or bonus and deposit amount.

Calculation

The calculation is simple. All you need to do is multiply the wagering requirements by the bonus or bonus and deposit. You will multiply the result of this with the contribution rate of the game you are playing. Examples:

  • $2000 bonus x 40 wagering requirement for slots (100% contribution rate) = $80,000 playthrough
  • $2000 bonus x 40 wagering requirement for roulette (10% contribution rate) = $800,000 playthrough

Multiplying the playthrough amount by the house edge will show you what you may lose trying to meet the wagering requirements.

Conclusion

Navigating bonuses may be difficult without guidance. But after understanding what bonuses are out there and the important factors for worthwhile ones, it becomes easier.

Enjoy your bonuses.

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