It comes as no surprise that one of the biggest reasons players sign up to an online casino is the welcome offer or online casino bonus. Some can make or break the deal for most players.
Many new players don’t realise the value of their casino bonus and instead focus on the amounts the casino is offering. On the other hand, experienced players know that it’s not about the size of the bonus.
Don’t be fooled into thinking that the bigger the bonus, the better it is for you. The truth of the matter is, that the bigger the bonuses are the bigger the disappointment.
I mean, sure, yes you can make your gaming sessions stretch out for longer, but if you are looking to withdraw a nice profit, bigger bonuses won’t be it.
The expected value of online casino bonuses
Expected value at an online casino bonus is actually a phenomenon in the online gambling industry. There are many factors that you as a player, need to take into consideration before signing up for any old casino.
Usually, the devil is in the small print, somewhere hidden away within the terms and conditions. You need to pay attention to the wagering requirements attached to the bonus. The lower it is, the better are your game chances of walking away with any winnings.
Imagine you are making a deposit of AU$20 and claiming a 100% match offer. You have in total AU$40 to play with. Now imagine your bonus comes with a wagering requirement of 10%. That means that you need to wager AU$400 in order to convert your bonus funds into real money.
The percentage of the wagering requirement should dictate whether you should take advantage of a casino bonus or not. The higher it is even if it comes with a massive bonus, the harder it will be for you to reach your target.
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Another factor you need to take into considerations is game contributions. Many casinos will only allow a 10% contribution towards playthroughs when it comes to games of skill, such as Blackjack and Roulette.
When it comes to online slots, most casinos ensure that these games contribute 100% towards wagering requirements.
As we said earlier, the devil is in the small details. You should always read the terms and conditions of any bonus you are thinking of claiming to avoid any nasty disappointment in the future.
The House Edge and Casinos
The house edge is also a determining factor when it comes to evaluating the value of the bonus.
The house edge is the expected percentage the casino is bound to make from a player over a time period.
The house edge always gets the player in the end. There are, however, some games that can effectively lower the house edge albeit slightly, and that’s the case with games such as Blackjack.
If you have a good strategy in place, you have a good chance of lowering the house edge.
Overall, pay close attention to the fine print to make sure you come out on top.