Freebies – How to Use Free Casino Bonuses!
In Canada and elsewhere, the web is cluttered with online casino sites, all purporting to offer wonderful rewards for signing up and depositing. While some of these offers are too good to be true, others, if used wisely, can be a lucrative way of making some cash. Below we will look at some of the terms and what they really mean, as well as showing you how you can potentially turn bonuses into real money.
The first thing to look at is the idea of a no deposit bonus. You may have seen a commercial, saying something like, “$10 free if you join tonight”. Well, it’s not exactly $10 free, because you cannot simply withdraw it into your bank account right away. Normally, you have to wager it on casino games a hefty number of times. There are also often limits put on the amount you can win.
Lucrative Deposit Offers Available
Terms and conditions are more likely to be relaxed once you have made a deposit at the online casino. Indeed, you’ll sometimes see a sign-up offer, such as the one offered to Canadian players by Mr Green Casino, with which you will receive bonus cash added to your deposit and some free spins to use on slots. These matched deposit offers still have some wagering requirements, but the money is yours to keep after they are met.
Being shrewd with bonus cash is key to your chances of making a profit however. Once you receive your money, the temptation is to go and start playing right away without considering the terms and conditions. The key is to play games that count fully towards the wagering requirements, i.e. will help you turn over that bonus cash faster so you can withdraw. As a general rule, games like blackjack and roulette count less (sometimes not at all) to wagering requirements than slots.
RTP and Volatility Key to Turnover
The next thing you want to look at is the RTP and volatility of the games you play. RTP is something akin to house edge in a real casino, i.e. the profit the online casino expects to make on a game over time. Typically, games will have an RTP ranging from 85% right up to 99%. So, if your aim is to turn over the bonus money for withdrawal, you should be trying to pick a game towards the upper end. Online casinos are required to provide RTP information on their sites.
Volatility refers to how games – usually slots – play. A game with low volatility, Starburst for example, will offer wins more regularly, but they are likely to be smaller. A high volatility slot will provide fewer wins, but it is more likely to provide a big win. The point is that if you are in it to make a small profit from your bonus cash, use low risk slots to play down the wagering requirements. Still, there is nothing wrong with shooting for that big jackpot if your goal is to win big – just be prepared to see your bankroll shrink a bit faster.
The last word has to go to actually choosing the online casino: It must be reputable if you are to play with confidence and make the above advice work. The aforementioned Mr Green Casino, for example, has won several prestigious online gaming awards. Think of it a bit like choosing to see a movie based on winning an Academy Award, i.e. basing your choice on expert opinion, not just the flashiest commercial.