Bookmark Website  | Free Registration  | The Team
The Lounge  | Champions  | The Wire |  Schedule |  Audio  |  Arcade  |  The Top Ten  |  Historical  |  Email  |  Video

The Fine Print Behind Online Gambling Bonus Offers


If you have never opened an account with an online casino, poker room, or sports book you may be wondering if the bonus offers are legitimate. We are all aware of the wisdom in the sayings, "If an offer sounds too good to be true, it probably is" or "There is no such thing as a free lunch". So what's the catch? When a casino offers you $100-$1000 in free money should you dismiss it, assuming that there are all sorts of strict requirements, making it too difficult to achieve the pay-out? The quick answer is no. These offers are for real and in most cases the required terms and conditions to receive the pay-out are typically quite easy to achieve. Some are as simple as making small minimum deposit of $50 to $100. Some require, in addition to minimum deposit, a minimum, but achievable, level of play.

How are the online gambling sites able to give away free money and remain in business? The answer is simple. In most cases they get the entire bonus back and more. Casinos live by the odds that all casino games are in their favor and that eventually you'll lose your original deposit and the bonus. Online poker rooms, on the other hand, get the bonus back by taking a rake (usually 5%) of every pot.

Let's take a look at the various "free money" offers and the requirements for full cash-out access to the money. The requirements (the catch) are found in the terms and conditions of the bonus offer on the site.

No Deposit Required! Some casinos and poker rooms offer free money without any initial deposit requirements. These offers legitimate and you will be able to play at all the real money tables and slots. The typical catch is that you will need to make at least one deposit before the bonus plus any winnings are released. For example, if you receive a $10 bonus and have $50 in winnings from that bonus, you will have to make a small deposit to your account before the $60 is released for withdrawal.

First Deposit Bonus. To entice you to deposit real money into an online gambling site, a first deposit bonus is almost always offered. The interesting thing is not that they all do it, but the very wide range of bonuses offered. You'll find one online site offering a 10% bonus while one of its competitors offers 200%. All online gambling sites have a maximum bonus limit. So a site that offers a measly 20% bonus could have their maximum bonus set to $200 (deposit $1000) while the site that offers the whopping 200% bonus could have a maximum bonus set to $100 (deposit $50).

Poker Room First Deposit Bonus. The catch for a poker room is that you will have to play a minimum number of raked hands and there may be a time limit. For example, to receive a $50 bonus you may have to play 100 raked hands in 60 days. The raked hand requirement is typically easy to achieve; however some of the very large bonus offers are more difficult. Sometimes these large bonuses are paid in installments. For example, to receive a full $200 bonus the poker room might require 500 raked hands with $20 released every 50 raked hands. If you're new to online poker, don't be discouraged by the number of raked hands required; a typical online table will play 50 to 100 games per hour.

Casino First Deposit Bonus. The catch for an online casino is that you will have to wager a required amount before the bonus is released for cash-out. The typical online casino will deposit the bonus into your account soon after you make your initial deposit. Some deposit bonuses are instantly deposited at the same time as your deposit. Some casinos require that you claim your deposit bonus by filling in a simple form. In this case the bonus may not get credited to your account for 1 to 3 days. Even though the deposit bonus has been credited to your account and you can use it to wager, you will not be able to withdraw the bonus portion until you meet the wagering requirements. The wagering requirements typically state that you must wager 10 to 20 times your deposit plus bonus to release the bonus for cash-out. For example, you deposit $50 and receive a $10 bonus. The casino has a wagering requirement of 10 times your deposit plus bonus, which means that you will have to wager $600 (10 x $60) for the $10 bonus to be released for cash-out.

Sports Book First Deposit Bonus. The catch for an online sports book is that you will have to wager a required amount before the bonus is released for cash-out. The typical online book will deposit the bonus into your account soon after you make your initial deposit. Some deposit bonuses are instantly deposited at the same time as your deposit. Some books require that you claim your deposit bonus by filling in a simple form or sending an email. Even though the deposit bonus has been credited to your account and you can use it to wager, you will not be able to withdraw the bonus portion until you meet the wagering requirements. The wagering requirements typically state that you must wager 3 times your deposit plus bonus to release the bonus for cash-out. For example, you deposit $100 and receive a $20 bonus. The online sports book has a wagering requirement of 3 times your deposit plus bonus, which means that you will have to wager $360 (3 x $120) for the $20 bonus to be released for cash-out.

Reload Bonuses. Reload bonuses are very typical for online sports books, but occasionally you will see them offered in online casinos and poker rooms. The reload bonus simply offers a bonus on deposits made after your initial deposit. The requirements are generally the same as the first deposit bonus requirements.

Before making a deposit at an online gambling site, be sure that you understand the requirements for the bonus to be released for cash-out. You may have to drill down a page or two to get the information. If the bonus requirements seem difficult to achieve then consider another gambling site.

About The Author

Mike Hellmer is a poker enthusiast and the webmaster of Molly''s Poker and Gambling Portal (http://www.mollyspoker.com).


MORE RESOURCES:

Ohio casino gambling: Has it met your expectations?
The Plain Dealer - cleveland.com
Slots on the second floor of Horseshoe Cleveland Casino, which celebrated its second anniversary on May 14. (Lynn Ischay/The Plain Dealer) (Lynn Ischay, The Plain Dealer). Print · Amanda Harnocz, Northeast Ohio Media Group By Amanda Harnocz, ...
Editorials from around OhioWTRF

all 16 news articles »


Al Jazeera America

The winners and losers of casino gambling
Al Jazeera America
In May 1984, Donald Trump opened his Trump Plaza Hotel and Casino in New Jersey's glittering gambling capital, Atlantic City, saying it could be the finest building in the nation. On Tuesday the casino shut its doors, making it the fourth Atlantic City ...
Up Close: Casino GamblingWABC-TV
As Casino Gambling Busts, Atlantic City Firms Play OnMondaq News Alerts (registration)
Atlantic City: When The One Trick Pony FailsMetroJacksonville.com
Toledo Blade -Newsday -NJ TODAY
all 459 news articles »


The Diane Rehm Show

The Future of Casino Gambling
The Diane Rehm Show
A dealer works the blackjack table during the grand opening of the newest building at the Seminole Casino Coconut Creek on December 17, 2010 in Coconut Creek, Florida. Joe Raedle/Getty Images. The Future of Casino Gambling. Across the country, states ...



abc40

Massachusetts bishops issue statement for repeal of casino gambling law
Attleboro Sun Chronicle
Cardinal Sean O'Malley, walks to the front entrance of St. Martha Church in Plainville during a visit last October. Posted: Monday, September 15, 2014 10:30 pm | Updated: 10:23 am, Tue Sep 16, 2014. Massachusetts bishops issue statement for repeal of ...
Casinos spending big to fight ballot questionEnterprise News
Roman Catholic bishops support casino law repealSouthCoastToday.com

all 47 news articles »


Massachustts bishops issue statement for repeal of casino gambling law
Attleboro Sun Chronicle
Cardinal Sean O'Malley, walks to the front entrance of St. Martha Church in Plainville during a visit last October. Posted: Monday, September 15, 2014 10:30 pm | Updated: 11:28 pm, Mon Sep 15, 2014. Massachustts bishops issue statement for repeal of ...



School executives association neutral on casino gambling; opposes open ...
Chalkbeat Colorado
The Colorado Association of School Executives, the advocacy group that represents school administrators statewide, has decided to take a neutral position on Amendment 68, the November ballot measure that would allow expansion of casino gambling and ...



WFMY News 2

Police: Dad In Casino Gambling, Left 14-Month-Old In Car
WFMY News 2
A 14-month-old girl was left alone in a running car for about 30 minutes Monday afternoon while her father was gambling inside Harrington's casino, police said. (Photo: Delaware State Police). 39 CONNECTTWEETLINKEDINCOMMENTEMAILMORE.
Police: Man Arrested for Leaving His Child in Parked Car While h - WBOC-TV 16 ...WBOC TV 16

all 33 news articles »


Lieutenant governor candidates split on casino gambling; Democrats agree on ...
The Republican - masslive.com
The four candidates for lieutenant governor are split on whether to repeal the state's casino gambling law. Steve Kerrigan, a former aide to Sen. Edward Kennedy and the head of a non-profit that helps military families, is competing with Mike Lake, CEO ...

and more »


Aljazeera.com

Is casino gambling a safe bet for Japan?
Aljazeera.com
In conjunction with a booming tourism industry, Japan has set its sights on allowing casinos in time for 2020 Olympics. Michael Penn Last updated: 04 Sep 2014 09:16. Listen. Email Article. Email. Print Article. Print. Share article. Share. Send Feedback.

and more »


Boston Globe

Christian right, political left unite in opposing casinos
Boston Globe
Politics famously makes strange bedfellows, but this odd coupling is as strange as it gets: On the issue of casino gambling, the liberal left and the Christian right share common ground, united in hoping to keep the gambling industry out of Massachusetts.


Google News


Advertisement



Section Site Map - Submit News - Feedback - Comments - Advertise with Us

Copyright 2006 Luminati Inc. All rights reserved.