So you are a gambler. What do you look for when you choose an online casino? The best sign up bonus, so do I, it’s in our nature as human beings to hunt for the best bargain.
Before you sign up, do you ever stop and think: why is this company offering me EUR500 to play in this particular casino? Are they not worried about losing money?
Well, of course, there is the competition between all the casinos, whoever offers the biggest bonus attracts more customers. O. K., so now imagine all the customers who sign up are only in for the free money: the casino is not making any money, or is it?
Well the truth is, they are not giving you that money; if you read the small print on the promotions’ terms and conditions, you will find out that in most online casinos, you must wager at least 20 or 30 times the amount of your deposit plus the bonus in order to claim your winnings. So let’s say you find a good deal: you deposit EUR100 and get EUR200 free sign up bonus, that’s EUR300, if you are very lucky you will win but you must gamble at least 20 times x EUR300 = EUR6000 in order to be able to withdraw any amount bigger than your initial deposit.
It gets better (for the casino, of course): in most casinos, the games where you would stand a chance to actually win some money (like Poker, Blackjack, Craps, Roulette) do not count towards wagering requirements! So if you think you can win EUR6000 on slots, go ahead, but personally, I would rather blow my money on a nice holiday in the South of France!
Still want that free money? Well of course, there is a way to get it, but if you are looking for a quick buck, stop reading this, because you are not going to like it. It takes a good deal of discipline and patience.
First you need to find the bonus that is the most attractive and a good winning system. Even though they are the ones that count towards your wagering requirements, you need to avoid slot games at first. Read the “terms and conditions” and check how much money you need to wager in order to withdraw your bonus and the winnings from that bonus (I will call this amount WG to be more practical).
When you reach WG (remember you still have contributed 0 towards this wagering requirement), then you need to win some more (the amount you want to withdraw from you account + the amount you need in order to keep a sufficient bankroll on your account, or Cash + Bankroll).
When you have done this, you can have some fun : pick your favourite slot game and blow your WG on it (you never know, you might hit the jackpot in the process). Be careful not to get carried away and blow your whole balance, keep counting how much you wager.
Now you can withdraw your money (= Cash: this needs to be over your initial deposit, double would be good) and with the Bankroll you have left in your account, reapply your winning system to win some more money.