Why Many Wagering Sites Avoid High Percentage Match Bonuses, But Players Still Look For Them
Gambling has become very popular, and online casinos are doing their best to attract new players. One of the most used methods to do that is represented by matching bonuses.
These are attractive offers that can double, triple, or even quadruple the first deposit of new players. While gamblers are always looking for the biggest such promotions, not all online casinos offer them.
What are high-percentage matching bonuses, and why do many online casinos avoid them
The easiest way to explain a matching bonus: you just registered with a new online casino, and you see it features a 100% matching bonus. You make your first $100 deposit. The casino matches your bonus, and now you have a total of $200 to gamble.
A high matching percentage bonus can range from 100% to up to an astonishing 500 or even 1000%.
While players love these promotions, many casinos choose not to offer them because of their financial implications. When you receive a big bonus, you tend to wager large amounts of money/credits. Of course, this can lead to bigger winnings. When this happens, the casino loses money because the players made a small deposit compared to the bonus they received.
Advantages and disadvantages of high percentage matching bonuses
One of the obvious advantages of high percentage matching bonuses consists of more gambling money for the player. With a larger amount in your account, you can play more and even try different gambling strategies.
However, the most significant disadvantage of these offers is represented by the wagering requirements. This means that you have to wager your bonus a specific number of times. This is mandatory if you want to withdraw any winnings. Most offers have a cash-out limit. If you don’t know what that is, it means that you are able to withdraw more than a specific amount.
These promotions (at least most of them) also have a bonus cap. In other words, you can deposit as much money as you want, but the bonus will be matched only to a certain amount.
How you can benefit from high percentage matching promotions
In order to take maximum advantage of these offers, it’s important to read and understand the terms and conditions. Also, set a budget and stick to it.
Also, it’s always a good idea to find reliable online casinos that offer such promotions. You can check ratings and reviews left by other players. This way, it will be easier for you to find the best casinos and promos.
Data presented by onlinecasinos365.net.nz gives a mathematical angle on why these bonuses have high popularity: the deposit required is within normal averages while the match percentage is vastly larger. In case a player wins, the sum multiplies from a general 100% match bonus. So, few casinos lend them out as promo, but they are sought after very frequently by gamblers who look for bonus values of up to 400% of the payment amount.
Bonus-related traps and how to avoid them
Regarding bonuses and gambling, one of the most significant risks of bonuses is spending more than you can afford. But fear not; you can avoid this by creating a wagering plan with a budget.
Also, keep in mind the fact that most bonuses come with slot-related restrictions. This means that you can use the bonus credits only for certain games and slots.
Other promotions have bet-related restrictions. This means you must wager a specific amount on each spin.
Read the T&Cs and make sure you understand them. Breaking them can lead to losing the bonus, and you won’t want that to happen.
How to pick the best operators wisely
The best way to find the best online casino operators is to research the market. Only play on reputable websites that are licensed and regulated. On these, you can be sure your gambling experience is fair.
Additionally, if you check the ratings and reviews left by other players, you can understand much more about an online casino. High-percentage bonuses can be a great way of boosting your winnings, but a clear and responsible approach is a must.
Published by Patrick Jane