Is taking advantage of an online casino bonus worth it?

Every online casino bonus you come across seems to be bigger and better than the last. In this highly competitive industry, casinos are constantly re-thinking and re-inventing themselves to lure new players to their website whilst keeping existing players loyal.

In this article, we are going to go over the various types of online casino bonuses available and whether taking them up is worth your time and effort. Plenty of casino players can’t fully comprehend the cost of casino bonuses and often end up frustrated with online casinos, when really there is no industry malpractice in place when it comes to casino bonus offers.

It is always vital to keep in mind that whatever casino bonus is on offer, be it a normal welcome deposit bonus, free play or free spins, as a player you always want to convert your bonus money into real money.

In order to be able to cash out any bonus, you will first have to meet the wagering requirements attached to your bonus, which ultimately dictates the bonus plus the deposit to be wagered a number of times. All of this is mentioned in the terms and conditions.

Casino bonuses with an extra oomph

Logo 888 Casino
4.5 /5
4.5 rating

888 Casino

4.5 rating
4.5 /5

ON REGISTRATION

£5 No Deposit

1ST DEPOSIT BONUS

100% bonus up to £100 on 1st Deposit

No Deposit Offer: Claim in 48 hrs • Deposit Offer: £20 min deposit • Valid for selected games • Bonus wins capped at £500 • 30x wagering - req. vary by game • Bonus expires within 90 days • Withdrawal terms, No Deposit Offer & Deposit Offer terms apply.
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888 Casino

TOTAL WELCOME PACKAGE

£105

ON REGISTRATION

£5 No Deposit

1ST DEPOSIT BONUS

100% bonus up to £100 on 1st Deposit

Logo Karamba
4 /5
4.0 rating

Karamba

4.0 rating
4 /5

1ST DEPOSIT BONUS

100% bonus up to £50 + 20 bonus spins

Min Deposit: £10. Max bonus £50. 100 spins require 3 deposits. WR 35x, spins valid for 24hrs, on selected games.
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Karamba

TOTAL WELCOME PACKAGE

£50
+ 100 bonus spins

1ST DEPOSIT BONUS

100% bonus up to £50 + 20 bonus spins

Logo LeoVegas
4.5 /5
4.5 rating

LeoVegas

4.5 rating
4.5 /5

ON REGISTRATION

10 Free Spins

1ST DEPOSIT BONUS

100% bonus up to £100 + 20 Wager-Free Spins

Full T&Cs apply. No deposit needed. 3 days to claim & 3 day expiry. 10x free spins worth 10p on Book of Dead. Deposit offers available across any two deposits. Cash rewards 7 days from registration to opt-in from “Promotions” page & each with 7 days wagering. Deposit £10, £25 or £50 & wager 35x. Only cash stakes qualify & wagering contributions vary. 10 free spins worth £0.10 to be claimed within Book of Dead with each qualifying deposit, 3 day expiry.
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LeoVegas

TOTAL WELCOME PACKAGE

£100
+ 20 Wager-Free Spins

ON REGISTRATION

10 Free Spins

1ST DEPOSIT BONUS

100% bonus up to £100 + 20 Wager-Free Spins

Understanding the cost of a casino bonus

When conjuring the cost of the bonus, there are a number of factors to take into consideration to understand the cost of the bonus. These include:

  • The wagering requirement
  • The wagering percentage that a specific game contributes towards fulfilling the wagering requirements
  • The house edge

The wagering requirement and wagering percentage

The wagering requirement is the number of times a bonus or deposit plus bonus, needs to be wagering before the bonus can be withdrawn. Wagering requirements tend to vary from one bonus to another and similarly between one casino and another. The majority of wagering requirements are 35 times the bonus plus deposit, but there have been cases where some bonuses carry a lower or a higher than normal wagering requirement.

When it comes to the wagering percentage, it dictates the percentage a specific casino game contributes towards the wagering requirement. For example, table games such as online blackjack and online roulette contribute a lower percentage than online slots towards a wagering requirement.

Understanding the house edge

The house edge is the percentage of the total bets that the online casino expects to retain over a period of time. This means that if a casino game has a 5% house edge, the casino is making a profit of 5% from the game over a period of time.

Some casino games have a lower house edge than others such as online blackjack while others have a higher house edge with bad odds.

The house edge for a specific game will affect the time you need to play this game before you can expect to make a profit.

Key points of online casino bonuses

One of the most important decisions you make when it comes to casino bonuses will lead to either walking away from the casino session with a profit or a loss. This isn’t about how much you want to bet or whether you should be betting on red or black in roulette. This important choice is one that most players give very little thought but is of crucial importance.

  • Deposit bonuses: Bonuses are used to encourage new players to join the casino with terms and conditions.
  • Terms and conditions vary: Bonuses can very between one and the other. Even if they state the same amount such as a ‘100% match bonus’, you need to take into consideration the wagering requirements. If the wagering requirement of one bonus offer is significantly higher than the other, you might want to reconsider your option.
  • Bonus offers tie to your real money deposit: If you made a deposit of €100 with a 100% match bonus, your balance would be €200 in total. Even if you have to wager this amount and win, the casino will not let you make a withdrawal until the wagering requirement of the bonus has been met.

So should you take up that bonus?

It depends on a number of factors, namely:

  • Which casino games you are playing
  • The house edge of those casino games
  • The wagering requirement

So, imagine you have come across a casino bonus of 100% with a low wagering requirement of 10x and no game restrictions. This is an excellent offer and one you could meet, so let’s say, you make a deposit of €250. With a 10x wagering requirement, you would need to bet a total of €2,500 before you can make a withdrawal.

If you play a low house edge game such as online blackjack, it would be incredibly easy to meet this requirement and also making a profit.

If your main goal is to make risk-free profits, going after casino bonuses can still give extra value. With more bonus money to play for, you increase your overall chance of winning. With plenty of online casinos to choose from, there is a lot of value for you to take advantage of.

It is of vital importance though that you understand which casino bonuses offer the best value. The biggest bonus does not mean that it’s the best and some bonuses with a lower value give you the best possible opportunity of meeting the requirements.

With a bit of luck on your side, you can easily come out ahead. With the benefit of extra bonus money to play, this is a more likely scenario. Even if you end up losing, you have still got more time to play and a bigger chance of winning.

Logo PlayOJO
4 /5
4.0 rating

PlayOJO

4.0 rating
4 /5

1ST DEPOSIT BONUS

50 No Wager Spins + 30 Exclusive Extra Spins

Only for 1st time depositors. Min deposit is £10. 50 Free Spins on Book of Dead. Spin Value: £0.10. After your 1st deposit you may claim your 30 Extra Free Spins by visiting the Kicker Section. No min withdrawal. Cannot be used in conjunction with any other offer. Only available for specific players that have been selected by PlayOJO. OJO’s Rewards and Game Play policy applies.
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PlayOJO

TOTAL WELCOME PACKAGE

80 Free Spins No Wagering

1ST DEPOSIT BONUS

50 No Wager Spins + 30 Exclusive Extra Spins

Logo Sky Vegas
4.5 /5
4.5 rating

Sky Vegas

4.5 rating
4.5 /5

ON REGISTRATION

50 No Wager Free Spins

1ST DEPOSIT BONUS

200 Free Spins for £10

Opt In Required. 7 Day Free Spin Expiry. All Free Spins Will Auto Play On First Eligible Game Loaded. £10 Staking Requirement Must Be Met Within 30 Days Of Opt In. Eligibility Restrictions Apply. Further Terms Apply.
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Sky Vegas

TOTAL WELCOME PACKAGE

250 Free Spins

ON REGISTRATION

50 No Wager Free Spins

1ST DEPOSIT BONUS

200 Free Spins for £10

Logo Videoslots
4 /5
4.0 rating

Videoslots

4.0 rating
4 /5

ON REGISTRATION

11 free spins no wagering

1ST DEPOSIT BONUS

100% bonus up to £200

11 Welcome Spins Wager-free and 100% up to £200 on your 1st deposit. Min. deposit £10. 7 days to activate the spins. Bonus spins expire 24 hours after activation. Activate the Welcome Bonus within thirty (30) calendar days under the 'My Bonuses’ section. 100% bonus up to £ 200 will be paid out in 10% increments to Main Account balance. 35x wagering. Play Responsibly.
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Videoslots

TOTAL WELCOME PACKAGE

£200
+ 11 free spins no wagering

ON REGISTRATION

11 free spins no wagering

1ST DEPOSIT BONUS

100% bonus up to £200

Logo Betfair
4 /5
4.0 rating

Betfair

4.0 rating
4 /5

1ST DEPOSIT BONUS

50 No Wager Spins

Offer open to new customers using promo code CASD11 when registering. No wagering required on free spins! Spins Valued At 10p. Free spins available for 7 days after qualifying.
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Betfair

TOTAL WELCOME PACKAGE

50 No Wagering Free Spins

1ST DEPOSIT BONUS

50 No Wager Spins

Logo LeoVegas
4.5 /5
4.5 rating

LeoVegas

4.5 rating
4.5 /5

ON REGISTRATION

10 Free Spins

1ST DEPOSIT BONUS

100% bonus up to £100 + 20 Wager-Free Spins

Full T&Cs apply. No deposit needed. 3 days to claim & 3 day expiry. 10x free spins worth 10p on Book of Dead. Deposit offers available across any two deposits. Cash rewards 7 days from registration to opt-in from “Promotions” page & each with 7 days wagering. Deposit £10, £25 or £50 & wager 35x. Only cash stakes qualify & wagering contributions vary. 10 free spins worth £0.10 to be claimed within Book of Dead with each qualifying deposit, 3 day expiry.
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LeoVegas

TOTAL WELCOME PACKAGE

£100
+ 20 Wager-Free Spins

ON REGISTRATION

10 Free Spins

1ST DEPOSIT BONUS

100% bonus up to £100 + 20 Wager-Free Spins

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