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Gambling/General : Take Advantage Of Casino Sign-Up Bonuses

By Arthur Levine

Level: Jun 29th 2007
Sign-up bonuses are offered by most of the online casinos. Usually the player has to wager a certain amount of money before he is able to withdraw the sign-up bonus. Sometimes the game play is excluded from the calculation of wagering.

Let's take a look at a fictional sign up bonus:

The casino offers the player a $100 or 10% sign up match bonus. The player must wager a sum of money equal to 25 times the deposited total amount and the bonus. The player must place this wager at other games than baccarat, craps, roulette, and sic bo.

In our example, if the player has $200 in his account he must wager $5000 in order to be able to withdraw his bonus. The player can use the house edge in his advantage especially at blackjack where the house edge is only 0.5%.

If the house edge would be 0.5%, from that $5000 deposited the player would lose $25, which means that he would receive only $75 from the $100 deposit. There are players that take advantage of the bonus offers and they are called: "bonus hunters", "bonus abusers", or "bonus whores".

There are some casinos which offer bonuses that do not require any initial deposits:

  • A monetary bonus with no deposit: $10 for example.

  • In free spin the player is not obliged to deposit and if he wins he gets to keep the money.

  • The player can play for a predetermined period of time with a certain amount of money.

  • The players must read the terms & conditions before claiming the bonus.

Sometimes some casinos pay very slow in the case of a win.
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