Why do Most Casinos Offer Free Bonuses?
Is there a catch?
Bonus are always a good thing because they allow you to
play more. The way these casinos work is that they offer you
a bonus, but they have certain requirements to withdraw the
bonus. (Be aware of the bonus requirements of every casino
by reading their fine print) For instance, they might
offer a 100% bonus up to $300 with a 25X WR (wager
requirement). This means if you deposit $300, then you will
have $600 to play with. But you must wager a total of $15000
before you can withdraw. This seems like a lot, but it
really isn't. You wouldn't wager the entire amount at once,
but maybe in small increments over time and they all count
towards the WR. The casinos hope that by the time they have
completed the WR, most players will loose money because of
the house edge.
This is not a fail-proof plan for the casinos because with
random numbers generators the projections work in the long
run. Any really lucky players regardless of skill and
strategy can suddenly hit, say,
the progressive jackpot at
one the slots or even be lucky enough to win some money in
successive smaller amounts.
For casinos, bonuses are an overall good promotion
because it does bring in a lot of business. However, there
are people they call "bonus abusers" or "bonus hunters" who
seek out good bonuses, deposit and clear the bonus using
perfect strategy blackjack for example, and then withdraw
the profits.
The online casinos have to do this because of the amount of
competition there is online. Land-based casinos have the
advantage of geography to limit competition. Land-based
casinos can also offer comps like rooms and meals. The only
thing an online casino can offer is money. They say
casinos are built by the many who loose. True! But without
the occasional big winner they wouldn't exist. Take it as
entertainment. Risk what you can afford ...dream of winning,
cross your fingers, rub your amulet but don't count on
winning every time. Good luck!
Cryptologic Casinos Articles and News - Latest Updates From
Cryptologic |
