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When online casinos initially came into the Internet scene, they were required to think of some marketing idea in order to draw more players. Online gambling was just beginning and most players were not sure if it were safe to deposit funds in what seemed like an untested entity. The marketing approach that many online casinos used and it is still being used aggressively today is the Online Casino Bonus - a cash bonus.
There is nothing like free cash to charm a potential future client, and online casino Sign up bonuses are just that. The sign up or welcome bonus, is the most accepted form of bonus. Although the actual size of the bonus may differ among the different casinos, it usually involves between 100%-400% of the initial first time deposit. Usually there is some kind of limit on the bonus so someone won't simply deposit something like $100,000 with the hopes of tripling it.
Naturally, as more and more New Casinos began to offer cash bonuses, there emerged a different kind of client. This was the client whose only interest was in the bonus itself and who had the goal of cashing out the bonus just as soon as possible and then simply leaving. Because of this it became necessary for the online casinos to toughen up their wagering requirements prior to allowing a player to withdraw their bonus.
This wagering requirement represents the total amount that you are required to bet before being allowed to withdraw your bonus. Although actual numbers are known to vary from one casino to another casino, a typical number of the times that you are required to bet the bonus plus usually your initial deposit, might be between 10x - 20x the amount of the bonus plus the deposit. So if you have deposited say for instance $500 and you have received $500 as a cash bonus your total amount of betting must be in access of say $10,000 in order to be allowed to cash out the bonus. Although this may appear to be something of a large amount, it is necessary to bear in mind that if you were playing a game such as blackjack and were placing say $5 bets, you might possibly win many hands (as well as losing some), which generally means that the minimum wagering requirements might be met in a matter of several hours.
There are some casinos that block certain games from qualifying as being acceptable in meeting the minimum wagering requirement in order to withdraw bonuses. In most cases they include betting games that are offered by casinos such as a very liberal version of blackjack (an example being a very low house edge single deck game) or often some types of video poker games.
Sign up bonuses are offered many times by online poker sites, which also offer sign up bonuses. The method that is required for clearing these bonuses is often a bit easier in that you are required to play a certain number of raked hands. Even if you are a mediocre player, online poker bonuses are usually easier to clear since most online poker sites offer periodic reload bonuses thus allowing poker players to enjoy bonuses other than the common welcome bonus.
If you are just getting started in the world of online gambling, bonuses are a really attractive way to build up your bankroll. But it is important to remember to carefully read the casino's terms of agreement or better yet, to consult your favorite online casino portal so as to be sure that you clearly understand the wagering requirements, and thus giving you a better idea what you are up against.
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