Why should you refuse Casino Bonuses?

[Sumit]

Every person who has registered at a casino at least once knows about a large number of bonuses from the administration of a gambling site.  A new user receives welcome bonuses at the casino immediately after registration, and usually deposit bonuses are next. Gifts are always good, but in the casino they come with terms and conditions . So that these conditions do not overshadow the joy of the received bonus, you must definitely familiarise yourself with them and determine the profitability of the bonus. 
Gambling platforms give gifts as money that comes to players' accounts. But you can’t just take this money and take it away, first you need to win it back. In this article, we will consider situations in which it is better to refuse a bonus than to accept it.

The main goals of the casino

What are the main goals pursued by the casino administration when issuing a bonus? The answer lies below:

• The first is to attract new players to their site who have not yet decided on the question of how to choose an online casino . This is done through attractive promotions and generous bonuses for newcomers, which can be obtained immediately after registration. Also in each casino there are a number of gifts for active users of the site.
• The second is to make a profit. And there is nothing wrong with that, since this is a business, and its owner wants to make money. As well as the organizer of a restaurant, hotel or any other business.

Based on the second reason, the administration carefully considers the conditions for receiving the bonus, as well as its wagering. Before the opportunity to withdraw money opens, you need to wager it. At this time, the gambler can lose more than the amount of the bonus itself.

There is such a thing as a wager - a coefficient that indicates the mandatory amount of bets for wagering. For example, a player was credited with a €100 bonus with a x30 wager. To withdraw this hundred dollars, you need to put down the amount of €3,000 in the casino. During this time, you can lose several hundred dollars for the sake of getting only €100. As a result, the casino remains in the profit, so it is very important to know how to determine the profitability of the bonus specifically for the gambler.

Reasons to refuse a casino bonus

An experienced gambler can immediately understand whether the bonus is profitable. But it is more difficult for beginners to do this, since they do not yet have experience. Consider the main points that you need to pay attention to.

• Maximum bet limit: Most often, such a parameter as the maximum bet is in the conditions of the bonus. What is it for? To maximize the time and money that the player will spend on wagering.  For example, you need to wager €100 . If you make bets of € 1, then this goal can be achieved in 100 spins. But if the casino has set a maximum bet limit of € 0.1 then it will take more time to wager 1,000 spins.
• Wager: Wager - the minimum number of bets that must be made in order to be able to withdraw funds from the account. The indicator determines the gambling site, most often it is in the range from x20 to x40. Wagers with a coefficient higher than x40 are considered unprofitable for players, as they are very difficult to wager. Therefore, if you see a wager x45, x50 and so on, it is better to refuse the bonus.

There are times when a gambler manages to hit the jackpot in a casino . But here you also need to be careful, as the casino indicates the maximum amount that can be won from the bonus. Let's say this amount is €1,000, and if you hit the €5,000 jackpot during wagering, you still won't be able to withdraw more than a thousand.

Bonus conditions

Each clause of the bonus conditions is required to be read. It often happens that players inattentively read the rules, and then end up with nothing. Be sure to find out in which conditions you need to wager the bonus. If the casino has clearly defined the slot machine for this, then it is impossible to wager in any other slot.  Also, do not forget about bonus codes for deposits . If such a code is indicated in the description of the promotion, then it is necessary to enter it during the deposit of the balance. If this code is not entered, the player will make a deposit, but will not receive a bonus.

Withdrawal blocking

A very inconvenient condition, but it must be reckoned with. During the wagering of most online casino bonuses, the withdrawal of funds from the player's account is blocked. The withdrawal is unlocked only after you complete the bonus wagering. At what it concerns not only bonus, but also personal funds. Therefore, if a player needs to withdraw a certain amount from a casino, it is better to do this before receiving a bonus.

Conclusion

This article lists the negative aspects of bonuses, but do not think that this is a completely unprofitable deal for the gambler. A casino bonus is primarily a gift, so if only for this reason, promotions cannot be called a negative point.

You just need to carefully read the conditions for receiving the bonus and fulfill the requirements for its wagering. If these requirements are too complicated and confusing, it is better to refuse the bonus, and if the requirements are quite feasible, then you can say “yes” to such bonus.

Edited August 28, 2022 by Sumit