Know how much do the free online bonuses cost you
With the online blackjack casino games going all popular the competition too in the business has started to stiffen up. The competition has thus given rise to some very innovative ideas of promotion and increasing the customer traffic to a particular site. The idea however lies in the fact that, it is quite difficult for anyone to say no to free money or bonuses. But the thing that should be kept in mind by the one falling into the trap of these promotional activities is that nothing in the world is completely free and so the free bonuses and the discounts must be costing something that is not completely visible and known to the people. And thus a thorough reading of the terms and conditions of a table or a casino is must.
There are a few things that should be kept in mind by those who are in the habit of accepting whatever free comes their way. And the first thing that has to be remembered is that anything that says free is never completely free. And the main frustration comes your way when you are all set to collect your winning with the bonuses that the casinos so generously allowed you and you then realize that there were few writings termed as terms and conditions that you forgot to read.
Normally the bonuses cost you many times more than their actual value and so it might sound a lot better to know the same well in advance and have an estimation of the bonuses that are acceptable by you accordingly. The bonuses may range from sign-up bonus that is completely free to 100%, 200% or even 400%. Now to unlock the same the person getting the bonus has got to wager some of his own money and many folds more only then could he get to have the extra bonus that he has been allowed by the casino site. So one of the most important blackjack winning tips is do not play for the bonuses.
There are few things that could help you understand the total cost of the bonuses which are as follows:-
- The wagering requirement specified:- Each casino site, with the free bonuses made available to the players of free online blackjack at their site have got some fixed wagering requirement attached to them as conditions. These wagering requirements vary from casino to casino and bonus to bonus but still a standard requirement mostly says 20 to 40 times.
- Percentage of game contribution in the casino:- All the casinos have different percentage of the game contribution in the casinos to calculate the bonus that could be released based on the amount wagered on that table of the game. For example if the contribution percentage of the game is 50% it means the wagering should be twice the amount it should have been to release the bonus.
- The House Edge:- House edge in simple senses means the percentage of the bets that the house expects to keep as its profits at the end of the day.
With all the above points keeping in consideration the best that could be concluded from them is simple formula for calculating the expected amount to be wagered at a table to come up with the total bonus earned and that is:-
The total amount that should be wagered at the end of the day should be equal to the initial deposit plus the bonus earned multiplied with wagering requirement of the casino multiplied with the game contribution percentage.