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 rtp slot gacor 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).