In 2020, more than 1000 casinos opened that offer players from all over the world, including Australia and Canada, first deposit bonuses. But have you ever wondered what it entails to take a first deposit bonus? Let’s break it down point by point.
- We open a browser and look for top 10 casinos
- Basically, most sites on the Internet have the same casinos, in 80% of cases.
- We open the bonus policy of any casino, let FastPay-Casino.com and read that the first deposit bonus is additional funds for playing in a casino with x50 wager.
Wager is the minimum amount that a player needs to wager in order for him to be able to withdraw money to his card. Example – you make a deposit of $ 100 and get $ 200 to your account. But to make a cashout you need to wager $ 5000. You can always cancel the bonus, but in case of cancellation, all that you won will be nullified and your balance will remain $ 100
Now let’s look at this situation from the other side, you won at the beginning of the game, your balance is already 1000 $. You understand that you do not want to play, BUT, this is where the whole secret lies. Until you win back the $ 5,000 you cannot claim the $ 1,000 you won. The chance that your balance will remain within 1000 $ after wagering you understand is not 100%.
Let’s sum it up
Online casino bonuses are only suitable for new players who want to try their hand at a new casino. But if you are an experienced player, we do not recommend that you take a first deposit bonus no matter how attractive it would be.