One of the main distinguishing features which set virtual betting establishments apart from their conventional counterparts are the promotions which they offer.
Being a client of an online casino means you will get to encounter rewards which can involve particularly generous sums, both as a newcomer and even as a loyal regular. Quite frequently they may take the forms of free cash or free spins although they may also be offered as playing chips as well.
However, knowing just how to make the most of your promotional offers will enable you to increase your bonus winnings and thoroughly enjoy your wagering experience. And we have provided a few helpful tips for you right here.
Every promotional offer comes with terms and conditions which are of paramount importance. Hence going through them carefully is highly recommended. Particularly since failing to meet them can result in the casino refusing to payout your earnings.
One of the most important of these terms is the wagering requirement. For several casinos, this value is translated as the number of times you will need to wager your offer before you are permitted to withdraw any winnings earned with it.
For example, a $100 bonus may come with a x35 wagering requirement. Hence to work out the amount you will be required to wager you will need to multiply the promotional offer issued, by the value provided with a multiplier. In this case, the total figure you will be required to place in bets would be: $100 x 35 = $3,500.
It is worth noting that lower values are preferable to higher values particularly since the latter come with an increased risk of your having to use a part of, or even all your earnings to pay off the requirement. For example, if the same amount was issued with a wagering requirement of x50, the amount you would be required to wager would be $5,000.
Expiry dates are also important and you may need to ensure you are able to meet the wagering requirement by that date failing which your promotional offer, as well as any winnings you have earned, may be voided.
Online casinos may also note your playing patterns to ensure you do not attempt to unfairly use your offer or simply play for lengths of time they may consider to be excessive.
Bonus weightings refers to the degree to which various games contribute to your ability to fulfill your wagering requirement.
Finding out the bonus weighting of any game you are interested in is highly recommended since several online casinos tend to assign different values to different games. For example, most betting websites often assign the highest value to slots and some may give them a weighting of 100%.
Games such as blackjack, on the other hand, tend to occupy the other end of the scale and often come with a rather low value such as 10%.
For example, wagering $1,000 on slots at a casino which has assigned them a weighting of 100% (when the total amount you must wager to withdraw your earnings is $3,000, for example), will mean you have the following amount left:
$3,000 - ($1,000 x 100/100) = $2,000.
However wagering the same amount on a game with a 10% weighting will result in the following amount, left to wager:
$3,000 - ($1,000 x 10/100) = $2,900.
Hence opting for games with higher weightings will result in your having to wager less to meet your wagering requirement. On the other hand, playing those which come with lower weightings will result in your having to wager higher amounts to meet it, which in turn may mean having to spend part or all of your earnings.
When it comes to variance, which is also known as risk or volatility, slots belong to three categories: High, medium and low.
High variance slots tend to pay out impressive sums very infrequently, medium variance games tend to pay out satisfactory sums slightly more often, while low variance slots tend to pay out smaller sums more frequently in comparison to the other two.
Opting for those which involve a lesser degree of risk is advisable since you will have a greater probability of getting to fulfil your wagering requirement and getting to increase your bonus winnings as well.
It is worth noting that certain betting websites actually provide offers that do not come with any wagering requirements. As a result, you will be able to experience your favorite games without the need to wager large sums of cash to withdraw your winnings.
Conducting a careful search for promotional offers in this category can yield satisfactory results. However, it is worth noting that you will need to ensure that the online casino you choose to register at is fully licensed, is certified by an independent auditor, has a satisfactory approval rating on review websites and also provides games from a reputable software developer.