Why Online Casinos Give Free Money
From the desk of the Gaming Guru 28.02.09
This article is for all you wondering why online casinos are giving away free cash in the form of bonuses? Are they mad? What is the point in doing that? Whats the catch? If these questions kept popping up in your head, read on to find out more about the online casino bonus phenomenon that is sweeping the world. Maybe you can profit from this.
Getting Started
The online casino industry is one of the most fiercely competitive markets in the world. Just think about it, any idiot with a PC, some coding knowledge and gaming software can start an online casino. Land based casinos have the benefit of offering free comps, meals, lavish shows and even lavish guest suites in order to keep their customers and make sure they come back. Online casinos on the other hand, cannot offer this, so how do they keep customers coming back? They offer casino bonuses.
The Bait
Online Casinos offer casino bonuses on your deposits. You may have come across banners flashing 100%, 200% etc. This means, you deposit $20, you play with $40 in an online casino offering a 100% casino bonus. All online casino bonuses have a sticky wagering requirement ie the depositors need to wager their deposit and bonus a certain number of times. For example, you deposit $20, start with $40 in an online casino offering a 100% casino bonus carrying a 20 time wagering requirement. You need to wager ie place bets to the value of $40 x 20 = $800 before you cash out. Sounds like a lot? Trust me, its not, winning and losing bets all contribute to the wagering requirement. Some online casinos may offer you a 400% casino bonus but have a hefty 50x wagering requirement attached!!! This is not fun. It's easy to get sucked in by marketing gimmicks, as mentioned above, it is so easy to start an online casino and steal money. This is why this site is dedicated to the truly honest and professional online casinos on the internet.
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