Bonuses and promotions are offered by online casinos to attract new players. These include signup bonuses, reload bonuses, free spins, and more. Bonuses allow you to play more for less, but they should be used responsibly. Misusing bonus funds leads to quick losses, financial issues, and gambling addiction.
Bonus terms and wagering requirements
The first step is reading and understanding bonus terms and conditions, especially wagering requirements. Wagering requirements, also called playthrough requirements, refer to the number of times you must bet the bonus amount before withdrawing. This number is usually between 20x and 50x the bonus funds. High wagering requirements make it harder to profit from a bonus. Always check requirements before opting for a bonus. Determine how much you comfortably afford to deposit and lose when using a bonus. Having a budget prevents overspending and financial loss. Once you claim a bonus, also set a loss limit, which is the maximum amount you’re willing to lose from your deposit and bonus funds. Stop playing if you reach the loss limit, regardless of wagering requirements.
Make small bets
When trying to meet wagering requirements, place small bets instead of staking large amounts. Bet sizing has a big impact on whether you profit from a bonus or not. Making large bets could lead to rapid losses of your deposit and bonus. But placing small wagers extends gameplay, giving you more opportunities to win. Games with progressive jackpots and high volatility have a higher risk of big losses. Hence, they’re not ideal when you have to fulfill wagering requirements with bonus funds. Stick to low and medium volatility slots as well as table games like blackjack and roulette. The lower variance means smaller but more frequent payouts. You can gradually meet wagering requirements by offsetting losses in this way.
Shop around for better bonuses
Bonuses vary across online casinos, so take time to find the best offers for your play style. Compare factors like bonus amounts, cashable bonuses, wagering requirements, allowed games, and time limits. Opt for casino bonuses with reasonable wagering needs, high cashout limits, and long expiration periods. Profiting from the bonus is thus easier. While bonuses seem enticing, don’t fall into the trap of chasing bonuses at different casinos. Opening accounts at many sites to claim multiple bonuses results in overspending. Instead, focus on reputable casinos with occasional valuable bonuses tailored to your preferences. Be selective about opting into bonuses so you don’t have too many active at once. If you manage to complete the wagering requirements and have winnings left from the bonus funds, withdraw the profits. Never leave winnings in your casino account to use to play more. That leads to over gambling and the potential loss of those withdrawals. Take the cash out while you are ahead.