Severe competition on the online gambling market forces its participants and online casino owners to use various tools aimed at customer retention. Thousands of commercials advertise free registration and first deposit bonuses. Beginner gamblers are easily attracted by such promo campaigns hoping to withdraw as much money as possible. However, frequently they face a condition that usually bars them from quick wins – wagers.
Types of wager bonuses
- Registration bonuses;
- Bonuses for the first deposit;
- Bonuses for the subsequent deposits;
- Special offers timed to holidays and memorable dates;
- Recurrent special offers on certain days of week, months, quarters of the year, etc.
And this list might expand within gradual development of marketing trends.
What is the wager?
If you study the list of bonus offers provided by casinos, you might notice that apart from bonuses granted for a deposit, there is another curious number. It might account for any sum and is prescribed by marketing experts of the casino responsible for calculating the profit of the gambling house. Particularly this number is the wager of the bonus, something that player has to be taken into account while accepting the option of spending casino´s money. This amount designates the number of times a gambler has to win back the sum of the first deposit. For instance, according to the terms and conditions set by a casino, the sum of the deposit accounts for $100. This sum will be complemented by a 100% bonus and a 40х wager. Before withdrawing the wins from the account, gamblers have to win back the bonus around 40 times: $100 х 40 = $4000.
Presence of a wager can be explained by casino´s desire to retain gamblers at least for a certain time. Another reason for the wager to be used is to crack down on bonus hunters. Years ago, it was possible to withdraw casino bonuses without winning them back, so bonus hunters benefited greatly from easy money. However, nowadays such practices are abolished.
Apart from wagers, casinos additionally set rules and conditions for winning money back:
- set certain amount of stakes;
- appoint special slots;
- limit the time of winning money back (starting from 2 weeks up to a month).
It gets harder to win back the bonus. Gamblers are limited by strict rules and under these conditions, a refusal to gamble means a complete loss of wins and deposits.
Hidden pitfalls of bonuses
Some online gambling houses at first charge money from gamblers’ accounts and only then grant bonuses. Gamblers have to lose their own money in order to use their bonus. In this case, player can skip the bonus offer in order to save your money. Some online casino gamblers proceed further and ask for winning back opportunity including the first deposit and the bonus itself. Such wager conditions are unacceptable, as gamblers have to win back money already multiplied by a wager. Some casinos grant bonuses right away, so gamblers automatically have to win them back. Having added a big sum of money to the account, gamblers are forced to win back their bonus and the wager as well without the possibility to withdraw their wins unless they comply with all of the requirements set by the casino.
Even the slightest actions aimed at withdrawal of wins lead to immediate termination of collaboration with the operator and writing off of amounts from the accounts, leaving for gamblers only the sum of the first buy-in. If player find such rules too rigid for you, it’s better to reject such proposals and start gambling elsewhere.
Too low or too high wagers should alert gamblers: this is a sign of casinos’ unfair practices. You should also bear in mind that there are no common standards of winning back your wagers that are applicable to every casino. Casinos can introduce various rules and they are not limited by any regulator or inner agreements between all the participants of the gambling market.
How players winning back wagers: strategies
Despite of the fact that online casinos offer quite rigid conditions, players have the opportunity to win back their bonus. In order to succeed, player have to master a couple of strategies of calculation taking into account dispersion matters. For instance, after you deposit $100 you get a 100% bonus with a 35х. In this case, the mathematical expectation equals to 2,86%. In order to succeed and win, player should opt for a slot with winning potential not less than 100 – 2,86 = 97,14%. During a long play dispersion of a slot equals to zero, so gamblers have all chances to return 97,14% of stakes in a form of wins. By winning back sustainable sums of the deposit multiplied by a wager, you are forced to place a lot of stakes, though at the end of the day, you might benefit greatly.
No wager bonuses
The most widespread no wager bonus is a non-deposit bonus in a form of free spins of reels. Here also exist some limitations imposed by the gambling house. These might be limits on the amount of the stake, gaming on a certain slot, etc. Another type of a no wager bonus is a small percentage out of money added to the gaming account (not more than 10% out of the given sum) or a bonus in gaming currency (credits, stars, tokens) giving the possibility to gamble, though impossible to withdraw.
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