Virtually all online casinos offer signup bonuses or welcome bonuses to new players opening an account with them. The bonuses are in the form of free chips available to players to game with. They represent the main benefit of playing at an online casino than a landbased casino.
The bonuses are there for the taking, so you should take advantage of them whenever they are offered. With them, you have more playing time and extra cash for your first deposits at Cozino.
Welcome Bonuses Red Flags
To really gain from welcome bonuses, you must understand how they work. This is because, as lucrative as welcome bonuses are, you might end up losing lots of money to claim them. All bonuses are not created equally. Some are player-friendly while others are not so friendly; the biggest bonus doesn’t automatically translate to the best. Sometimes smaller bonuses have better values than larger ones.
This is because welcome bonuses come with wagering requirements that need to be met, and they vary from site to site.
Why Do Online Casinos Offer Welcome Bonuses?
This question might have crossed your mind at one point or the other during your journey as a gambler. After all, casinos are established to make money and not to dash them out. The reason is simple; they see bonuses as a marketing strategy. The gaming industry is an intensely competitive one, with hundreds of casinos wanting you to register with them. Offering a lucrative bonus is the wisest thing to do to gain your attention.
The explanation makes sense, right? Think about it, betting sites know that they will possibly make more money from a player in the long run than a player will make from them. Thus, offering bonuses as incentives to new customers is worth it because, over time, the casinos will get their money back. However, this does not mean that signup bonuses are useless; they still add value to the players’ game.
Benefits of Welcome Bonuses
If you are a beginner and are willing to deposit funds at a casino and risk such funds, then obtaining a signup bonus is definitely a positive. You will not only be risking the money you have deposit, but you will also get a bit more funds to play around with. The free chips increase your chances of winning.
Honestly, you will win some and lose some while playing at a casino, but with luck on your side, you may come out ahead. Having extra chips to game with simply makes this more likely. Although you might end up losing, you still have a bit more extra cash to play with, which is better than having no bonuses at all. So, there is still some extra value for you.
Obviously, the advantages of playing with welcome casino bonuses far exceed the disadvantages. Bonuses give you some leverage against the casino. They give you extra value, which can be used even after a loss.
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