The debate about whether or not deposit bonuses are a good idea has been going on for many years. This article will list some arguments from each side, and the reader can decide what they themselves think.
New players in most online casinos can receive a bonus with their first deposit. It’s usually a percentage of the amount of money you have deposited, for example 200%. When you accept the bonus, you also agree to the terms and conditions of this particular bonus. That includes which games you can play – mostly it means playing slot games, while not being allowed to play progressive games. In some games (Video Poker, table games) only 50% of your bets counts towards the wager requirement.
Every bonus has a wager requirement. It can range from 10x to 50x the bonus, depending on the casino, so choose wisely whether you want to take the bonus or not. By agreeing to 50x play through you just waste time and money.
By taking a 200% bonus on a $100 deposit, you end up with $300 to play with. With a 20x play through you need to wager it 20 times, which means $6000, before you can cash out winnings. That might mean that you go broke before and have nothing to cash out. On the other hand, with $300 to play with it’s easier to get opportunities to win big than with $100. If you don’t take the bonus, you can cash out at any point immediately, which is what many professional players do, but then again, with the bonus you get something extra for your money.
It’s important to think about these pros and cons before making the final decision about taking or not taking the deposit bonus.