How can you define Casino Bonus? Part 1

Casino Bonus

There is some serious competition in the online gambling industry.
Because it’s such a competitive field, most only casinos will offer casino bonus money.This is a very basic offer they must attract customers too, the more bonuses virtual casinos give you, the more likely you are to try them out. These are signup bonuses where after you deposit your money, they give you an up to 100% bonus so you can add it to your bankroll.

What Bonus Money Means

While Bonus money does sound great, it isn’t free money. In fact, there is no such thing as ‘free money’ in the gambling world.
So, how do they end up giving you that extra money and still turn a profit from it? Do they risk losing money? Well, there is a little something called a “minimum amount”.
Mostly, you cannot withdraw your money until you have played a certain amount of money.
This is a betting minimum and is called “wager requirement”.
This is mainly how these virtual gambling sites attract customers while risking little to no loss in capital.

What is Wager Requirement?

Wager Requirement is a scapegoat for online casinos, a way to protect themselves.
The problem with gambling is that no one quits while they’re ahead, it’s always that push for more money that keeps driving the average gambler forward.
WR wasn’t created for the average gambler; it was designed for the smart player that quits after they’ve made an excellent initial profit, WR helps the house when the casino risks losing money.
While capitalising on this principle, these online gambling websites defend themselves against smart gamblers.
Necessarily, if you do get lucky and quit while you’re ahead, you can turn a good profit from this early bonus.
However, repeatedly pushing your luck -like a lot of gamblers do- makes it more profitable for the house.

Is it profitable for Online Casinos to use Bonus Money offers?

The short answer is yes, the long answer is it depends.
When you use offers like these, the primary purpose is to attract more customers. However, the more people that join in, the more risk for loss.
However, because the average gambler will not fully take advantage of this bonus while they ahead mean that the casino is making a profit.
With that in mind, the more players that join a casino, the more ‘risk’ of getting more smart players.
And with that increased risk, they again risk losing more capital.
Casinos make a hefty profit from these bonuses, and that is the average gambler that joins by the thousands.

Should you go for Bonus Money offers?

Depending on the type of gambler you are, and whether you have a strategy or not in mind.
If you do, however, then bonus money can be useful in getting a good profit in. If not, then you will risk losing your initial investment, along with your bonus money.