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Online Gamblnig Bonuses - The Fine
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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 gamblnig 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.
Article Source:
http://ezinearticles.com
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