If you have never opened an account with an online casino, poker room or sports book, you may wonder if bonus offers are legitimate. We are all aware of the wisdom of the word If an offer sounds too good to be true, its probably or Theres no such thing as a free lunch. So whats the catch? When a casino offers you 100 1,000 in free money, should you discard it, provided that there are all kinds of strict requirements, making it difficult to achieve the payout? The quick answer is no. These offers are too real and in most cases, the necessary conditions for getting the payment are usually quite easy to achieve. Some are as simple as making a small minimum deposit of 50 to 100. Some require, in addition to minimum deposit, a minimum, but achievable, game level.
How can online gaming sites give away free money and stay on business? The answer is simple. In most cases, they get the full bonus back and more. Casinos live by the odds that all casino games are to their advantage and eventually you will lose your original deposit and bonus. Online poker room, on the other hand, get the bonus back by taking a rake usually 5 of each pot.
Lets take a look at the different free money offers and the full payment to the money. The requirements catch are contained in the terms of the bonus offer on the website.
No deposit required! Some casinos and poker rooms offer free money without initial deposit requirements. These offer legitimate and you will be able to play at all real money tables and slots. The typical catch is that you must make at least one deposit before the bonus plus any winnings are released. For example, if you get a 10 bonus and earn 50 in winnings from that bonus, you must make a small deposit on your account before 60 is released for withdrawal.
First Deposit Bonus. To attract you to deposit real money into an online game, a first deposit bonus is almost always offered. The interesting thing is not that they all do it, but the very large range of bonuses offered. You will find a website that offers a 10 bonus while one of its competitors offers 200. All online gaming sites have a maximum bonus limit. So, a website that offers a 20 premium bonus can have its maximum bonus set to 200 1000 deposit, while the website offering the big 200 bonus may have a maximum bonus set at 100 deposit 50 .
Poker room First Deposit Bonus. Capturing a poker room is that you have to play a minimum of raked hands and there may be a time limit. For example, to get a 50 bonus you may need to play 100 shaved hands in 60 days. The shaved hand need is usually easy to achieve; However, some of the very big bonus offers are more difficult. Sometimes these big bonuses are paid in installments. For example, to get a full 200 bonus, the poker room may require 500 shaved hands with 20 released every 50 shaved hands. If you are new to online poker, do not be discouraged by the number of shaved hands required. A typical online table plays 50 100 matches per hour.
Casino First Deposit Bonus. The catch for an online casino is that you have to bet a necessary amount before the bonus is released for payment. The typical online casino will deposit the bonus into your account soon after you make your first deposit. Some deposit bonuses are deposited immediately as your deposit. Some casinos require that you claim your deposit bonus by filling in a single form. In that case, the bonus may not be credited to your account for 1 to 3 days. Even though the deposit bonus has been credited to your account and you can use it to bet, you will not be able to withdraw the bonus part until you meet the wagering requirement. The betting requirement usually indicates that you have to bet 10 to 20 times your deposit plus bonus to release the bonus for payout. For example, you pay 50 and get a 10 bonus. The casino has a 10 bet deposit bonus plus bonus, which means you have to bet 600 10x 60 to release the 10 bonus for payout.