Since the beginning of gambling, players have looked for ways to gain an edge over the house.
Every generation of gamers has experimented with ways to improve their odds. From card counting teams to magnets, it appears that they have tried everything. Modern gamers have chosen one approach over all others:
Casino Bonus System!
This is a great coincidence that we live in a highly competitive betting environment. Many providers are fighting to earn (and keep) the bettor’s business and time. This scenario has led to a cascade of bonuses and promotions…
This is a great way for savvy players to reduce the house edge 우리카지노.
Bet enthusiasts know that the most important decisions a player can make, besides the decision of which casino they will play in, are a) the tables to be played and b) the bonuses to be taken advantage of!
But there’s a catch!
Casinos around the world are very smart about protecting their bottom line. It’s important to always read all the fine print.
This could be phrased as: Always read the Terms and Conditions.
It’s all good… if already know the vocabulary!
These promotional terms and condition use a special (almost legalistic) language. These are the terms you should know in order to make an informed decision and take advantage of all that is on offer.
The term “wagering requirements” indicates exactly what a player must do to make any bonus withdrawable.
It would be counterproductive for casinos to give away free money and then allow players to withdraw it right away! It is not the goal of the casino to give away money, but rather to increase total bets at their tables.
Attention! This term is usually the most important detail of any bonus.
As an example, let’s say you received a $100 bonus that had a 25x wagering requirements. You will have to wager $2500 ($100 multiplied by 25 = $2,500), before you can withdraw the $100.
Note that if the wagering requirement is stated as “$100 Bonus with 25x Wagering plus Deposit“, it means that both the bonus AND the deposit are included in the requirement. This would mean you’d have to wager $5,000 in the example above (the $100 bonus plus the $100 deposit = $200 x 25, which is $5,000). The seemingly innocuous words “plus deposit” can have a big impact!
The term ‘wagering contribution’ is also important, as it refers to the percentage of your stake that goes towards meeting these wagering requirements.
Slots and other RNG-based games contribute 100%.
It’s bad news that some table games and Live Dealer games have reduced contributions…sometimes severely! This is because these titles often have a much higher RTP and the house wants players to avoid them in favor of games with a greater house edge.
Imagine that you receive a $100 bonus, with a wagering requirement of 25x… then imagine the casino has a 10% contribution to Blackjack. This would be in line with normal practices.
Only 10% of all blackjack bets counts towards the requirements!
As discussed above, to comply with the terms, you would need to wager a total amount of $2,500. Due to the fact that blackjack is only 10% of your total, you’d need to wager $25,000 in order for you withdraw any money. It’s a huge amount of wagers to place in order to win $100.
Most players find it difficult to bet $2,500 or $25,000 in order win $100. What if you are a high roller who already bets $500 per hand. Why not take the $100 if you are already going to wager that amount?
T+Cs may mention “maximum wagers” to deter such behavior. If $500 is wagered but the “maximum wager” is $25, only $25 from that bet will count towards meeting wagering requirement. This is a clever way to prevent the casino from giving out bonuses to temporary high rollers while encouraging gamblers to stay on for longer periods of time to earn a relatively low amount. Clever buggers.
There’s also a time limit to cash out your bonuses.
Most bonuses expire one month after they are claimed. If a $100 bonus comes with a wagering requirement of 25x and a bonus expiry of 30 days, then the gambler will have to wager $2500 within 30 days to withdraw $100.
It’s an impressive amount of cash! It’s not realistic for every gambler to have the money necessary to play responsibly.
Some of these bonuses are quite large and can reach thousands of dollars.
Say, for instance, you accept a $1,000 bonus that has a wagering requirement of 25x AND a 30-day expiry date. To claim the $1000, you would have to wager a total of $25,000. This assumes 100% participation. It’s a huge amount of money in such a short time. What’s worse, if your wagering requirement is only $23,500, what percentage of the bonus will you be able cash out?
What if… you don’t want any of it?
Time limits, or ‘bonus-expiry’ clauses are important. Accepting a bonus that you think you will be able to meet in the specified time frame is important. If you fail to meet the requirements within the time frame, you will not receive a cent of your bonus.