Whether you're new to online casinos or a seasoned player, you'll know that casino bonus offers and opportunities abound. With so many offers to choose from, each seemingly more extravagant than the next, there are a few things you need to keep in mind to ensure that you are afforded the maximum value for the bonus you select.
One of the most important things to do is review the associated bonus terms and conditions ‐ every offer has them and they can make something that seemed amazing, turn out to be rather disappointing in the blink of an eye. Taking the time to read the fine print will help you to avoid these types of offers and some nasty surprises!
Another good idea before accepting a bonus is to calculate how long it will take you to clear the bonus and what profits (if any) you could potentially gain from the bonus offer itself. This is quite easy to calculate, so let's take a look at these now and then we'll examine the most strategic moves to make based on these.
Start by examining the percentage match and the play-through requirement listed in the terms and conditions as well as whether or not you'll be able to cash out the deal one the requirements are fulfilled. You should then be able to ascertain what you can expect to make from the bonus on average.
Let's say you are offered a bonus with a 100% match up to $200, you will the need to make a $200 deposit in order to accept this offer. If the wagering requirement is 25 times the bonus plus the deposit, for a game that a 1.5% house edge, then you'll effectively be wagering 25 times $400 which equals $10,000 which you will need to play through before anything can be cashed out. You will then take 1.5% of that which equals $150 ‐ this is what the cost of playing this game would cost you which means that you should, on average earn a profit of $50 from a $200 bonus.
That being said though, it is extremely important to be aware of the type of bonus you'll be getting. If you're looking to make a profit from bonus offers, you'll need to lookout for offers with cashable bonuses. If however you're someone that enjoys big risk and has a "go big or go home" attitude then a non-cashable bonus may be more suitable to your needs as you can write off your deposit with the knowledge that you can have fun playing high-risk games and bets with benefit of added casino credits. The latter may seem a little reckless to some, but it does add to the enjoyment of the game, and if you're not just playing to try and make money, is often the better strategy.
No matter what the type of bonus you accept, always be mindful of when the offer expires and which games are restricted so that you don't end up losing money because you didn't meet the requirements on time or waste money accepting an offer where the games you enjoy aren't eligible in fulfilling the requirements.