Online casinos have become quite popular in the last two decades. Sure, their peak of popularity is happening right now due to the global pandemic of COVID-19. When you think about it, it makes perfect sense. Land-based casinos are not working at the moment, so the only alternative for gamblers is to play from the comfort of their homes.
At the same time, we can see that experience is not too different. The only factor it lacks is the social component. But that doesn’t mean that you cannot be social. Since technology has advanced massively in the last couple of years, you can play online casinos games live. To attract new players and convert the current ones into loyal, online casinos provide them with a wide array of different bonuses.
Sure, saying that welcome bonuses are the commonest ones by far would be an understanding. If you would like to take a look at one of the best offers online, be sure to check Planet 7 OZ review on Pokies.Bet. For all of these reasons, we can see that many people are interested in learning how much money they can make from making the most out of these bonuses. Let’s see what we know about it.
Table of Contents
What Sort of Bonus are We Talking About?
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As you can conclude from its name, these bonuses are awarded to people who have just registered at a certain website. Sure, the form you will be provided with depends on the offer. However, chances are that you will get free spins or extra money to bet. Not only that this is the commonest bonus of them all, but we would also say that there is practically no website that will not provide you with some form of it.
Sure, these can be pretty profitable. Still, there is always some catch you will need to be aware of. When we say that, we are talking that reading terms and conditions is an absolute must. Otherwise, you can face many unpleasantries when you try to withdraw your money. Also, you will receive it only when you made a deposit. Without it, chances of getting this sort of bonus are rather slim.
You will see that some of these offers will come manually to you. Of course, there are many different forms that directly depend on the site you have chosen to play at. If you encounter some obstacles this way, you will have a chance to establish a connection with customer service. In most cases, you will see that it works 24/7, which means there is no limitation about the time you should reach out.
How Much Money You Can Make?
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When it comes to making money from this sort of bonus, it needs to be said that this is a pretty uncertain thing to do. Nobody can guarantee you anything. Plus, chances are that you will have some limitations about how much money you can withdraw when using these. It can happen that you cannot withdraw the money before you manage to win the same amount of money. Then you can do it.
At the same time, there are some situations where you cannot withdraw your winning for a certain amount of time. In most cases, you will see that this period will last between 2 and 5 days. Therefore, providing you with a clear answer about how much you can win with these is simply not possible. Anyway, we wouldn’t recommend you to rely on bonuses to win a significant amount of money.
Can You Profit from Other Ones?
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Without any doubt, extras are there to provide you with a starting advantage. You will get a certain amount you can play with. Of course, there is no chance that you can withdraw that money immediately. Instead, you will need to play and win something before you are permitted to do so. It needs to be said that you cannot get these for all the games you can find at these sites.
For instance, there is no way to get it if you are playing live poker at the table. Also, you cannot get these when you play Blackjack. These are reserved mainly for games like slots. Therefore, if you are not a fan of these games, then you should expect to receive them. So, you should choose the game you will play carefully before you are ready to ask for a bonus.
Among other sorts of bonuses, you will see that deposit, loyalty, and free spins are the most used ones. All of these come with their own features and aspects. To use them properly, you will need to learn about all the aspects that come with them. Sure, you will see that obtaining this sort of knowledge is not something that will take too much of your time, especially if the site you play on is transparent.
Expected Value
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When you take a look at these bonuses for the first time, you will see a certain term written near them. We are talking about EV or expected value. It displays an average profit you can get from using these. Sure, they always can be either higher or lower, depending on the situation at hand.
However, these can provide you with a rough idea about what you can expect to get when using these. Some experts say that you have a 50% chance of winning with these. Naturally, you can have a pretty bad streak, but the average percentage will straight itself out in the end. Of course, we don’t talk about only one time when you play. You need to calculate these percentages and take all the times you have played a certain game into consideration.
The Bottom Line
As you can see, there is no definite answer about how much you can earn from using a welcome bonus. However, that doesn’t mean that there are no indicators about what you can expect from it. Here, you can find some of the vital indicators. Be sure to check them out.
