Casino bonus offers are a tricky thing. Many of them sound nice on paper but in reality are not that great.
As you probably know, nothing comes for free, at least when it comes to deposit (match) bonuses. There are plenty terms attached and in many cases those terms in fact lower our chances of winning some cash.
We will explain more below on how to differentiate between best casino bonus offers and the ones that are pretty mediocre or even bad. For those of you who know their way around online casinos, here are the best bonus offers we could find. And by best we mean those that will give you the highest winning odds.
Best Welcome Bonus Offers 2022
Casino Bonuses – Good, Average and Ugly
On this page we will speak about Deposit aka Match bonuses. So before we start short comment regarding No Deposit ones.
When it comes to No deposit bonuses, such as Free Chips or Free Spins, there is no such thing as “bad” ones. Of course there are huge differences between one to another, but eventually they all come free and therefore can’t be bad. Just that your chances of getting some real cash vary.
Personally, I am not into No Deposit bonuses as all of them have one inherent flaw – they all carry relatively low max cashout limit. It can be $20, $50 and sometimes $100, which ruins all, or almost all the fun.
I guess will all can agree that we do not go to casinos to go home with a 20 dollar bill. That’s not what creates that sense of excitement and adventure. The reason why we go is the dream, hope of that one time that we win that life changing jackpot. It can be 5 digit, 6 digit or if we crazy lucky even 7/8, and that is why casinos are so much fun. No deposit bonuses do not offer that. I would say that they are somewhere in between playing free non-cash games to real money casino games.
After that is covered, let’s focus on the real bonuses. And here, despite the positive connotations of the word – there are good bonuses, ok ones and the ones that are simply horrible. And, it’s very important for each casino player to be able to differentiate between them.
What Splits the Good from the Bad: Things to Notice
Cashable vs Phantom (Sticky)
That’s the most important part to check. In many cases the bonus is given for playthrough only, and then when you wish to withdraw the amount is deducted from your balance. Those promotions are problematic as unless you hit some high amount jackpot, your chances of cashing out are pretty slim. Those bonuses are good mainly to increase your playtime or bet higher amounts.
Bottom Line: unless you are low – roller and just wish to increase your playtime, stick to cashable offers only.
Next in line are the wagering requirement (WR), meaning the amount of dollars/euros/pounds you need to bet before you can make a withdrawal. Naturally, the lower the wagering requirements, the better.
WR can be defined as multiplier of the bonus or multiplier of bonus plus deposit.
Generally speaking: below 40 times the bonus (or 20 times bonus + deposit) is very good. Above 50 times bonus and deposit is pretty bad. And many shades in between.
Of course WR for cashable bonuses tend to be higher.
Some bonus offers come with max cashout limit. Meaning even if you win $1,000,000, the amount you can withdraw is only 10 times the deposit, 20 times or any other number. It’s 100% ok on no deposit of free spin offers, but horrible when it comes to deposit ones.
Bottom Line: Stay away from match bonuses with Max Cashout Limit (or you will find out the hard way)
Players tend to chase High Percentage bonuses as they get more “free money” for every dollar they deposit. However, it’s important to notice that in most cases, high percentage bonuses carry low winning odds. The reason is that usually they are phantom and have crazy WR.
Bottom Line: Bonus Percentage is much less important than you think. Most 100% – 200% offers will give you much better winning odds than some 450% promo.
Few additional things to check:
- Make sure that the game you wish to play is not restricted. Some casino games such as blackjack and in many cases some slots are restricted under bonus. Don’t mess with that as if you break the rules the casino won’t pay you.
- Max bet: many casinos have max bet amount on bonus offers – check it and follow it.
Most important: after completing the wagering requirement – Cash Out!