Take a trip down Google lane and type “online casino” in the search bar if you want to see the definition of advertising overload. Any time you jump into the online gambling pool, don’t be surprised to find yourself swimming with some of the loudest and most obnoxious advertising campaigns in the world.
With literally hundreds of online casinos competing for your business, it seems like every slot bonus offer seeks to outdo the one you saw last. That $200 welcome bonus is pushed to the margins as a $500 slots bonus slides into view, complete with blinking flash banners and maybe even auto-play sounds or pop-ups if you’re really lucky. Once you figure out which tab the sound is coming from and close it, up comes the next slots offering promising an even more amazing $1,000 bonus!
It feels like a gang-war of drive-by pop-ups sometimes. Ok, it may not actually be that bad these days, but there is certainly no shortage of “colorful” slot online gamble malaysia being advertised on the internet at any given moment. It’s only natural to see all of this and wonder if these offers are so good, why do the casinos need to push these offers so aggressively? Shouldn’t people be flocking to free slots money of their own accord?
That is the question we’ll be answering today. Online casinos are clearly not in the business of handing out free money until their founders go bankrupt. There must be a catch, right? There most certainly is. Read on for the full scoop.
Review Time: How Online Slots Bonuses Work
We have described how casino bonuses work elsewhere, but a quick review is in order for the purpose of today’s discussion. An online slots bonus can come in many forms, but the basic idea is that your casino site promises to add extra “bonus” money to your account in return for you signing up for an account and making a real money deposit of your own.
Note: Not all slot bonuses may be withdrawn. Many online casino offers give you money that may only be used to place bets; you may withdraw anything you win, but may not withdraw the bonus money itself.
Wagering requirements are the big caveat attached to nearly all online casino bonuses. What it means if you are on the hook to place real money wagers of at least some minimum total value before the bonus money and any winnings earned by wagering the bonus money may be withdrawn.
The purpose of wagering requirements is for casino sites to protect themselves and to ensure that customers claiming any given bonus have signed up in good faith with the intention to actually gamble. In other words, they want to make it difficult for anyone to just sign up, claim a bonus and then withdraw everything without ever having an intention to play. Casino sites are looking for customers, not to just give free money to anyone who asks nicely.
Wagering requirements are usually expressed as a multiple of the value of your original deposit and the bonus amount. For example, imagine a 200% bonus with a 30x rollover. This means you need to place a total value of wagers equal to 30 times the deposit + bonus amount.
Continuing our example, let’s say you deposit $50 in order to get a $100 bonus. In this case, you would need to place $4,500 worth of wagers to release the bonus money ($150 x 30). It does not matter how much you win or lose while making those wagering requirements. The only thing that matters is the total value of all wagers placed.
Again, the casino does not care if you win or lose while fulfilling the wagering requirements. If you win a bunch of money, you will still receive your bonus. However, casinos know they have the advantage over the long run and most customers will be down a little after clearing the bonus, which helps to offset the cost of the bonus to the casino. That is how casino sites can afford to offer such large slots bonuses.