Many online casinos offer signup bonuses to new players making their first deposit. These bonuses normally match a percentage of the player's deposit with a dollar maximum, and almost all online casino signup bonuses require a minimum amount of wagering before allowing a cash out. Gameplay at specific casino games might be excluded from the wagering requirement calculation.
A fictional sign up bonus offer follows as an example:
* The online casino offers new players a deposit matching bonus of 100%, up to $100
* The player must wager 25 times the total amount of the deposit plus the bonus before withdrawing
* Wagers on baccarat, craps, roulette, and sic bo do not count towards meeting wagering requirements
For this particular example, this would mean that a player depositing $100 would start with $200 in his internet casino account. The player must make $5000 ($200 × 25) in wagers before being allowed to make a withdrawal.
Advantage play, bonus hunting, in online casino signup bonus situations is mathematically possible. For example, the house edge in blackjack is roughly 0.5%. In the example above, $5000 in wagering with a house edge of 0.5% will result in an expected loss of $25. Since the player received a $100 signup bonus, the player has an expected profit of $75.
Advantage players who use bonus offers for an expected profit may be called "bonus hunters", "bonus abusers", or "bonus whores". Some online casinos have restrictions regarding "the spirit of the bonus offer" which they sometimes use as a deterrent to what they consider "bonus abuse".
Some bonuses require no deposit to claim them. Types of no deposit bonuses include:
* A no deposit in pure monetary form, for example $10.
* Free spins no deposit, this is where they allow free spins on particular games, and then allow you to keep the winnings.
* Play for a predetermine period of time with x amount of dollars.
Players should carefully read terms & conditions before claiming a bonus. Some casinos have terms and conditions that are not favorable to the player, such as restricting play to slots (slots typically have one of the highest house edges of all casino gambling games). Other casinos are not reputable and may pay slowly or may find excuses to avoid paying winnings.
A fictional sign up bonus offer follows as an example:
* The online casino offers new players a deposit matching bonus of 100%, up to $100
* The player must wager 25 times the total amount of the deposit plus the bonus before withdrawing
* Wagers on baccarat, craps, roulette, and sic bo do not count towards meeting wagering requirements
For this particular example, this would mean that a player depositing $100 would start with $200 in his internet casino account. The player must make $5000 ($200 × 25) in wagers before being allowed to make a withdrawal.
Advantage play, bonus hunting, in online casino signup bonus situations is mathematically possible. For example, the house edge in blackjack is roughly 0.5%. In the example above, $5000 in wagering with a house edge of 0.5% will result in an expected loss of $25. Since the player received a $100 signup bonus, the player has an expected profit of $75.
Advantage players who use bonus offers for an expected profit may be called "bonus hunters", "bonus abusers", or "bonus whores". Some online casinos have restrictions regarding "the spirit of the bonus offer" which they sometimes use as a deterrent to what they consider "bonus abuse".
Some bonuses require no deposit to claim them. Types of no deposit bonuses include:
* A no deposit in pure monetary form, for example $10.
* Free spins no deposit, this is where they allow free spins on particular games, and then allow you to keep the winnings.
* Play for a predetermine period of time with x amount of dollars.
Players should carefully read terms & conditions before claiming a bonus. Some casinos have terms and conditions that are not favorable to the player, such as restricting play to slots (slots typically have one of the highest house edges of all casino gambling games). Other casinos are not reputable and may pay slowly or may find excuses to avoid paying winnings.
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