Most Common Mistakes New Players Make With Casino Bonuses

By Casinogurus

Most Common Mistakes New Players Make With Casino Bonuses

October 6, 2021 | 484 Views

Casino bonuses have flooded the online casino market with free money offers merely for joining an online casino. These offers draw both first-time online gamblers who may be on the fence and existing gamblers who are constantly looking for the best offers. Existing customers also receive a fair share of these offers. Still, they have experienced the learning curve associated with getting something for nothing. The casino bonus is an excellent way to increase your bankroll and extend your gambling time. However, like anything else, you’ll have to embrace taking the good with the bad. Below are the most common mistakes new gamblers make with casino bonuses.

A Fundamental Misconception of Casino Bonuses

Many players lack a fundamental understanding of how these bonuses work. There’s no shame in that; many of the players receiving these attractive offers have never gambled in an online casino. Well, over half are novice gamblers with little to no casino experience at all. We have talked to several front office executives at online casinos. They see the most considerable uptick in new customers from attacking areas with no land-based casinos. Not surprising, but it’s a leap to assume all of these players are making regular trips to land-based casinos. Most of the misconceptions around casino bonuses center around players accepting they may withdraw their deposits anytime they like. Unfortunately, that’s far from the case; the casinos are forced into putting strict parameters on the bonuses to protect themselves. It’s not a scam; the money is still in your account. And once you meet all terms of the bonus, the money is yours. However, without putting guards in place, the casinos will merely be handing cash out to anyone with a credit card.

Getting Greedy for Multiples

Anytime you have money involved, you’ll have people trying to beat the system. Greed is one of the greatest downfalls of humanity. When some people see dollar signs, they begin to drool while dreaming of ways to get something for nothing. They may try to get several offers from the same casino. Other players may not be trying to do anything nefarious; they merely don’t understand the conditions of the offers. So, the player attempts to take advantage because it’s a great bargain. Despite the player not wanting to defraud the casino in any way, it could appear that the player is trying to scam the system, thus negating one or both of the casino bonuses. It’s nothing personal; the casino can’t weed out the good from the bad. All the information they have to go on is that someone is trying to stack bonuses. So look around before you choose a casino bonus, and make sure you pick the best reward to begin your online gambling career.

Attempting an Early Withdrawal

Attempting to make an early withdrawal is one of the most common missteps we hear about players making. Doing this can be flat-out heartbreaking for the player. Your online casino bonus will have wagering requirements that players must meet before you may claim any of the money. That includes any winnings you’ve enjoyed. Regardless of whether you’ve touched the extra money or not, the winnings are null until you’ve satisfied the casino’s terms. So, if you immediately win a four-figure jackpot, you’ll still have to meet the requirements before you claim your prize. Losing any winnings due to misunderstanding the terms and conditions are enough to make you sick to your stomach. Fortunately, this can be avoided by clearly understanding the offer.

Assuming All Games Are Eligible

You wouldn’t be the first player to assume all games are fair game regarding meeting the casino’s terms and conditions. Fortunately, we knew the importance of pouring over every last word in the terms and conditions. We noticed that blackjack variants were only contributing a small percentage to meeting the wagering requirements. So, it took me much longer than some other games to make eligible wagers that allowed me to make a withdrawal. However, it wasn’t a significant inconvenience because we knew the rules ahead of time and could plan accordingly. That means the casinos are enjoying a house edge much closer to table games. It’s almost unheard of to find online slots with an RTP below 95%. Make sure to pay close attention to the eligible games and any restrictions on games you’re likely to play. It’s not a terrible task to fight through enhanced conditions if you know what you’re facing beforehand.

Trying to Beat the System

You may look at bonuses and think by increasing your average wager, you can quickly meet wagering requirements and decrease overall volatility. In the end, this isn’t terrible for the player. However, making wagers much more significant than your average won’t make long-term sense for the gambler. As a result, you may fall into some dangerous gambling habits. In addition, the added adrenaline from the increased activity can be addictive to some gamblers.

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Conclusion

The most common mistakes gamblers make with casino bonuses can have a truly negative impact on your online gambling career. Luckily, the hazards of abusing the bonuses are easily avoided by paying attention. The online casino bonus is a beautiful way to boost your gambling bankroll. Don’t take the above information and shy away from bonuses. It would be best if you used it to maximize your online gambling potential.