Casino promotion is big business. While online casinos do their own direct promotions, most of their new players are referred by casino affiliates. And the most common website that promotes casinos are ones that list bonuses.
What Are Casino Bonuses?
Casino bonuses are basically free credits to play with. For example, if you deposit $500 in real money into your account, the casino may pay you a $500 bonus. This would be a 100% bonus, and your account balance would be $1,000.
Should You Accept a Bonus?
Why wouldn’t you accept free money? You wouldn’t. Except an online roulette bonus isn’t exactly free money. It comes with strings attached, which can work for or against you.
The two main parameters that determine a casino bonus are explained below:
The more real money you deposit, the larger your bonus. This is normally in proportion, regardless of the amount. So if the multiplier was 100% and you deposited $500, you be paid a $500 bonus. So your total bankroll to play with would be $1,000.
Every casino still has a cap on the bonus. For example, the bonus may apply only to amounts up to $5000.
Casinos aren’t stupid. They don’t give away free money, without expecting something in return. In the case of wagering requirements, this is how the casino is pretty much assured of profiting – despite the bonus payout to you.
The wagering requirement means you must bet a certain amount before you can withdraw funds. This prevents you from taking out your bankroll and profiting just from the bonus.
A typical wagering requirement may be 30x. This means you must bet 30x the bonus payment before you can withdraw funds. If your bonus was $500, that means you must wager 30 x $500 = $15,000 before you take out any funds.
But what happens if you have a big win early? Too bad. You’ll need to keep playing until you meet the minimum wager requirement. They know the longer you play, the greater your chance of losing winnings and more. And that’s the idea.
So the lower the wagering requirement, the better.
Limitations of Casino Affiliate Websites
It’s bad for business if you promote your competitors. Likewise, casino affiliates only promote casinos they’re an affiliate of.
Not all affiliates may be qualified to promote particular casinos. This is because usually affiliates are hand-picked and approved by casinos. A casino may not want to be featured on a website that hosts objectionable content, like pornography. Or perhaps an affiliate may reside in a jurisdiction in which the casino can not process payments to.
Information Specific To Roulette Bonuses
Many online roulette casinos offer new players “free spins”. This has a variety of different meanings, but it’s not simply where you can bet any amount on a spin for free.
Ultimately free spins do not completely eliminate the house edge for casinos. The house edge is explained on many websites for professional casino players, but essentially it’s unfair payouts for player. In the casino for European roulette, there are 37 pockets, but the payout is an unfair 35-1. Every game has an in-built edge for the casino in some manner.
Bonuses like free spins generally reduce the house edge for the casino, which improve your chances of profiting. The casino will of course still have the long-term advantage.
If you’re looking for a casino with free spins, the advantage might occur only after you’ve joined the casino. In this case, you’ll have a significantly lower house edge against you. But it’s only temporary. Alternatively, you’d likely be better off with casinos that offer regular free spins. Then you could regularly benefit.
Keep in mind “free spins” can be misleading. They aren’t free. And they aren’t any guarantee that you’ll profit. Again it only means the casino will have a temporarily reduced house edge against you. So how do you know which casino has the best “free spins” policy? This is up to the casino affiliate to specify. But they can’t just say one casino has 20 free spins, and another has 30 free spins. You’d need to look at precise details and conditions to know which casino was best.
However, you’ll find there’s very little or no difference in the long-term. So it’s more a matter of personal preference, and what you feel best about. To give you some scope, one casino might have free spins that reduce the casino’s house edge by 0.1% over 50 spins. And another casino may reduce their house edge by 0.09% over 60 spins. Is there much of a difference? In this case, no. But the offers to entice casinos change constantly.
Should You Always Stick To The Same Casino?
Most players have particular casinos they trust and favor. But if you’re playing for fun, and don’t particularly care about making roulette a full-time occupation (as a professional player), then you’ll benefit by signing up to new casinos.
This is because the best casino bonuses apply only to new players. From the casino’s perspective, they’re paying money to encourage you to join. They know the lifetime value of you as a player will be worth it to them.
So let’s put it into perspective . . .
If you played only at one casino, you’d be stuck with a house edge of -2.7% on European roulette. Let’s say you played 5,000 spins at this same casino. That’s 5,000 spins with a 2.7% edge against you.
Now say you spread those 5,000 spins across 5 different online casinos, who were all eager to win your business. So through their welcome bonuses, the casino would temporarily reduce the house edge for you. The end result may be an average edge of just -1.9% against you. In the long-term, it’s a significant difference.