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Free Casino bonuses: pros and cons of a “free cheese” part 1
Casino bonuses are a recent innovation in online casino gambling. They come in the form of incentives designed to attract new players and to convince them to keep investing money into wagers. They may consist of a sum of money, comp points, or a number of free spins in the specific case of slots. So let’s see what types of bonus games there are to help you become the next big winner. First off, there are No Deposit Bonuses. They are a form of sample funds, which the player can use without investing his own money. They are generally divided into cashable and non-cashable bonuses. It means that at the moment of cashing out, the bonuses can either redeem the bonuses together with the money he’s earned, or the bonus may be deducted from the total sum. This is generally specified when the player creates an account. And, of course, the money can be withdrawn only once the designated house edge has been reached. Secondly, there are Welcome bonuses. They are special bonuses granted the first time a player makes a deposit at a casino or a specific type of game within the casino. Another award may occur once the player has reached a certain investment point. For example, for each $1000 that the player has wagered, he may receive a $50 bonus from the house. Another well-established online awarding method is referring other players. Referral bonuses can occur for both the referral and the referee, either at sign-up, or when the referee has invested a certain sum of money.
A feature worth mentioning that also exists in physical casinos is complimentary points, or comp points for short. Each time the player reaches a wagering milestone, a small amount of comp points is awarded. These can then be exchanged for money, prizes, souvenirs, or more comp points. These can also provide opportunities for free spins at online slot machines, places at online tournaments or other extra bonuses. The lowest comp possible is free beverages during play. There are even locations which continually provide alcoholic or non-alcoholic drinks for gamblers. The next step is free meals at the hotel restaurants, and then free rooms. Comp points could also get the player access to private, exclusive gambling areas, or reimbursed airplane tickets, limousine rides, free tickets to shows or even private jet trips. Of course, some of these high-end comps are reserved for high rollers only, as they are the ones who bring a serious amount of revenue to the casinos. In the case of slots, Free Spins are exactly what they sound like. The player doesn’t wager his own credits and any wins that may come from it are on the house.
Free Casino bonuses: pros and cons of a “free cheese” part 2
Nowadays, almost every online slot machine has a Free Spin bonus, which can amount to up to 100 Free Spins. There are various websites that index and track online slots with the most Free Slots and the highest RTP values. There is also this thing called “bonus hunting”, a form of Advantage Gambling. This is a type of situation in which turning a profit using just the initial bonus offered by the casino is mathematically possible. It’s especially profitable in games of blackjack, because savvy players can track the movement of the cards across hands, making the whole game a matter of skill, and not chance. Generally, the blackjack house edge is around 0.5%. With a $50 initial bonus and a $2500 wagering sum before cash out is possible, the house expects to lose $15. Thus, the player has an expected win of $35, using just the bonus money granted to him. This was more lucrative in the early years of online casinos, when operators granted much more money in order to entice players to participate. Although harder, it is still possible today. Of course, this “free cheese” may sound like the player is basically robbing the casino of its’ money, but in fact, casinos know exactly what they are doing. All they do is apply the well known principle of “You’ve got to spend money to make money.” These are incentives, small investments to encourage the player to start gambling his own money. But if you want to play anyways, take time to consult the bonuses of the casino that you’re playing at. And if they don’t convince you, look for another one, there’s plenty of them. This way, you’ll make sure that you’ll maximize the amount of pleasure you’ll get from this popular pastime.