Online casinos are giving away hundreds or even thousands of USD for each new player (for example, check out this offer here with a $3,000 signup bonus). They do this only because they know that they will get those $ back, sooner or later.
Let’s look at a hypothetical 200% up to $1,000 signup bonus for example. The 200% mean that they increase your first initial deposit by 200%. So if you deposit $300, they will increase it by $600. This means that by depositing just $300, you will get $900 with which you can play. And because the maximum bonus is $1,000, you will get just that amount, even if you deposit more than $500.
The two main reasons to be careful
Firstly, you have to be careful and only deposit as much money as you can afford to lose. In the above example, you will get the highest bonus when you deposit $500. But if you have only $50 to use for your hobby, then you should only deposit that much, even if you won’t get the maximum bonus. Think of it like this: you don’t lose the bonus you didn’t get ($900), you save the $450 that you won’t lose at the tables.
And secondly, you have to be aware of the specific bonus conditions that apply. If you could deposit those $500, get $1,000 free, play one hand of Blackjack for $1 and then withdraw the whole $1,500, things would be very easy for you. You could even make a living with this trick. But here is the point where the bonus conditions come into play. In particular, there are wagering requirements. For example, the casino can state that the amount must be wagered 50 times before it can be withdrawn. And that you only have 30 days to clear that amount, or you are going to lose it.
So read the conditions carefully before depositing funds, and do not deposit more than you can afford to lose.
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