Online Casino Signup Bonus
Learn About The Well Advertised Signup Bonuses
Almost all online casinos will offer the new player some type of bonus for his/her first deposit. The majority of online casino advertisements that you will see on the web, including this site, are advertising the casinos specific bonuses. Typically the casino will have multiple ones to choose from. Although all online casinos will have different rules and regulations, you will see the same typical rules applied.
For example - an online casino will offer a 100% signup bonus up to a specific amount, lets make the limit $100. A new player depositing $100 of his/her own money, will have that matched at 100% or $100, making the account balance $200.
A second typical rule that most casinos will use is a restriction on play with certain games. Baccarat, craps, roulette, and Sic Bo will most likely be among the list of games in which you are not allowed to use the bonus money on. If you do, a withdrawal request might be voided. Read the bonus rules carefully however, I've seen multiple bonuses that only allow slots play.
As a third rule, the majority of bonus regulations will not permit withdrawal of your money until a certain amount has been wagered. Following the above example deposit, a new player starting with a $100 deposit, with a 100% bonus will start with $200 in his/her account. The bonus will state that the player must wager 25 times the initial balance, in this case $5000 ($200 x 25).
These rules protect the casino from people that are looking for free money, but do not make it mathematically impossible to win and withdrawal. For instance, blackjack typically will have a 0.5% house edge. Following the above example $5000 in wagers with a blackjack house edge of .05% results in an expected loss of $25.
You may hear the terms "bonus abuse", "bonus whores" or "casino scalpers." This refers to the online player that moves from casino to casino making an expected profit off of the bonuses. While I advise to take advantage of signup bonuses when you see fit, I would advise against bonus abuse.
Final note, read the entire bonus offer and the casinos specific rules and regulations regarding the bonus offered. This is another additional factor to consider when picking online casinos.
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