Bonuses have become a staple of pretty much all online casinos as they attempt to one up each other in order to attract new players. Interestingly enough, there are some casinos out there which promote welcome bonuses offering incentives including 100% deposit bonuses up to $1,000. But does a high bonus necessarily imply a better bonus? We do not think so, and here’s why.
The Risks Associated With Higher BonusesPut simply, the higher the bonus, the higher the playthrough rate, aka wagering requirements. Why is this the case? Well, if online casinos were to regularly offer new players huge welcome bonuses with little to no wagering requirements, the casinos would quickly go bankrupt. The phrase ‘when something is too good to be true, it probably is’ springs to mind.
Why Smaller Bonuses Are Often Superior (And More Profitable)Although it's easy for us to immediately assume that a larger bonus is therefore a better bonus, we can assure you that it is not as simple as that. Large bonuses (above $100) will almost always come with wagering requirements of at least 30x.
To put this into some perspective, you will have to wager your casino bonus of $100 a total of thirty times before you can withdraw any of it, that’s $3,000 in bets. Without putting too fine a point on this, the chances of withdrawing anything associated with such a bonus is slim.
On the other hand, a smaller bonus of let’s say $20, is considerably less of a risk for a casino than offering players bonuses of $500. Therefore, the smaller bonus will almost always come with less restrictions and thus will be far easier for you to withdraw further down the line. There are some casino bonuses which do not come with any wagering requirements at all, that is to say, wager free!
The Lower the Playthrough, The Better? Absolutely.The greater the playthrough rate, the harder it will be to withdraw any winnings. Before you decide to grab yourself a bonus, you should ensure that you check all of the bonus requirements first. In addition, you can mix and match bonuses based on your gameplay; if you are an online slots player, you may want to get yourself a free spins bonus, for example.
Find a Bonus Which Suits You
To conclude, we always recommend casino players to do two things regarding bonus offers:
- Find a bonus which will suit you and you will make active use of.
- Read all of the wagering requirements associated with the bonus before you sign up/make a deposit.
Casino bonuses should help to increase the fun and excitement experienced whilst playing at an online casino. The best slot sites will offer you a range of bonuses with the intent of improving your overall experience. Here at SportsandCasino, we have a variety of different bonuses for new players, whilst our casino rewards program is known for rewarding our loyal players.