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How do Signup Bonuses Work?Website Gambling Article by - admin - Jun 5, 2006 Many online casinos offer signup bonuses to players making their first deposit. These bonuses normally match a percentage of the player's deposit with a dollar maximum, and almost all online casino signup bonuses require a minimum amount of wagering before allowing a cash out. Gameplay at specific casino games might be excluded from the wagering requirement calculation. A fictional signup bonus offer follows as an example: The online casino offers new players a deposit matching bonus of 100%, up to $100. The player must wager 25 times the total amount of the deposit plus the bonus before withdrawing. Wagers on baccarat, craps, roulette, and sic bo do not count towards meeting wagering requirements. For this particular example, this would mean that a player depositing $100 would start with $200 in his account. The player must make $5000 ($200 × 25) in wagers before being allowed to make a withdrawal. Bonuses will usually be rewarded in the same currency as selected in a players account (real players depositing in pounds will receive their signup bonus in pounds, while players choosing to deposit in Euros will receive their bonuses in Euros. The same applies for US dollar accounts). Advantage play in casino bonus situations is mathematically possible. For example, the house edge in blackjack is roughly 0.5%. In the example above, $5000 in wagering with a house edge of 0.5% will result in an expected loss of $25. Since the player received a $100 signup bonus, the player has an expected profit of $75. Some Casino Sign up Bonus Hints: b) Learn the rules and strategies of the games you are going to play. c) A 300% bonus with 15 x playthrough is not better than a 150% bonus with 10 x playthrough. d) Check if you can play high money payout games like blackjack, video poker, craps or roulette as some online casino signup bonuses only allow you to play the slots games. e) If you wait a few days after opening a real player account the online casino will very often send you better bonus offers.
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