If you have ever 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 of the words, “If an offer sounds too good to be true, it is probably” 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 you should dismiss it, assuming that there are strict requirements for all sorts, making it too difficult to achieve the pay-out? The quick answer is no. These offers are realistic and in most cases the pay-out to obtain the required terms and conditions is quite easy. Some are as simple as making a small minimum deposit of $ 50 to $ 100. Some require, in addition to a minimum deposit, a minimum, but achievable, level of play.
How are the online gambling sites able to give away money and remain in business? The answer is simple. In most cases they get the whole bonus back and more. Casinos live by the odds that all casino games are their favorites and that you will eventually 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 judi slot online.
Let’s take a look at the various “free money” offers and requirements for full cash-out access. 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 are legitimate and you can afford to play all the real money tables and slots. The bonus plus any winnings are released before you deposit at least one. For example, if you receive a $ 10 bonus and have $ 50 in winnings from that bonus, you will have to make a small deposit before your account for $ 60 is released.
First Deposit Bonus. An online gambling site, a first deposit bonus is almost always listed. The interesting thing is that they all do it, but with a very wide range of bonuses. 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 offers a whopping 200% bonus to a maximum bonus set of $ 100 (deposit $ 50).
Poker Room First Deposit Bonus. The Poker Room for The Catch is a minimum number of raked hands and there may be a time limit. For example, receive a $ 50 bonus you may have to play 100 raked hands in 60 days. The raked hand requirement is simply too easy to achieve; However some of the very large bonus offers are more difficult. Sometimes these large bonuses are paid in installments. For example, receive a full $ 200 bonus the poker room might need 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 is an online casino that requires you to have a wager at the required amount before the bonus is released for cash. You can make your initial deposit soon after your account. Some deposit bonuses are instantly deposited at the same time as your deposit. Some casinos require that you claim a simple form of filling out your deposit bonus. In this case the bonus may not be 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 may not be able to withdraw the bonus portion until you meet the wagering requirements. The Wagering Requirements State that You Wager 10 to 20 times the cash-out for your deposit plus bonus. 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 $ 600 (10 x $ 60) of cash for the $ 10 bonus to be released.
Sports Book First Deposit Bonus. The catch is an online sports book that you will have a wager on before the required amount of the bonus is released for cash. You will make your initial deposit soon. Some deposit bonuses are instantly deposited at the same time as your deposit. Some books require that you claim your deposit bonus by filling out 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 may not be able to withdraw the bonus portion until you meet the wagering requirements. The wagering requirements state that you must wager poker.