While land-based casinos offer players free meals, drinks, and rooms in exchange for their play, online casinos tend to offer the only readily available substitute they have: cold hard cash. Almost every online casino offers a sign-up bonus, where they match your initial deposit with extra chips. These bonuses can be quite lucrative in some cases. Many sites also have ongoing promotions where they offer extra chips.
If you play where a bonus is involved, be sure to read the fine print, the so-called “terms and conditions”. Sometimes you’ll have to email the casino to receive the bonus. Sometimes you’ll have to play through your deposit one or more times before you are eligible for the bonus. And, in almost every case, you’ll have to wager several times the amount of the deposit and bonus before you’ll be allowed to withdraw the ligaz888 money.
However, in every case I’ve seen, a smart player can expect to make a nice profit from the bonus. For example, consider a MicroGaming casino with a “Buy $50, Get $50 Free” bonus offer. Let’s say the bonus requires you to wager the deposit and bonus 5 times before cashing out. So, you purchase $50, they add another $50, you start with a balance of $100. You’ll need to wager at least $500 before cashing out. For example, you could play Blackjack at $10 per hand for 50 hands. At a MicroGaming site, using the correct basic strategy yields a tiny house edge of only 0.12%. So, for your $500 in action, the expected loss is only $500 X 0.0012, or 60 cents. The casino has paid you $50 to take 60 cents in expected risk. Not a bad deal!
Of course, that 60 cents is the average loss for a perfect basic strategy player. Your luck will determine what happens with your bankroll. You may lose the $100, or you may win $100 or more. The only sure thing is that you won’t lose exactly 60 cents. But, in the long run, you’ll get to keep about $49.40 of that $50 bonus.
However… Bonuses have …Read More