In order to attract new customers, virtually all online gaming companies offer welcome bonuses to anyone who opens a new gaming account and deposits money. The most common is that the gaming company doubles your first deposit up to a maximum amount, for example. 1000 kr.
There are hundreds of gaming companies, each offering thousands of dollars in poker, casino and odds bonuses, so this should be an easy way to make a lot of money. Unfortunately, it is usually not that simple. Before you can withdraw your bonus, you must almost always meet a gaming requirement and it is not always you have any money left when this is done.
The game requirements look different for different types of games. In the case of poker you must play a certain number of "shaved hands" per bonus dollar within a limited time (30-90 days) before the bonus is paid out. A "shaved hand" usually means that you participated in the game and a fee has been charged from the pot. In order to get a bonus of SEK 1000, you have to play poker for many hours and that means that you run a very high risk of losing the money you deposited before your bonus is cleared. In order to make money from poker bonuses, you have to be a very good poker player, if you are a mediocre player, you will lose money faster than you earn in the bonus.
A casino bonus is normally paid to your account immediately after your deposit so you can play with it. Before you can withdraw a casino bonus, you must convert the bonus into the casino about 25 times. Most often, however, games where the player has relatively good odds such as Roulette, Baccarat and Blackjack are excluded or it is a much higher wagering requirement on these games. The gaming requirement is often set so that most players will lose their money before they have the right to withdraw their bonus. Trying to make money from casino bonuses is usually a bad deal.
There are betting bonuses that you can make money from. A betting bonus usually has a fairly low play requirement of 4-6 times the bonus amount. The average odds player loses about 6 percent of their bets in the long run. If, for clearing an odds bonus of SEK 1000, you have to play for SEK 5000, you will lose an average of SEK 300. It will give you $ 700 left of the bonus when the gaming requirement is met and you can withdraw your money.
It is possible to earn tens of thousands of dollars utilizing odds bonuses, even if you have no major sports knowledge. The important thing is that you read through, and understand, the bonus terms. Open game accounts where the wagering requirements are lowest and withdraw cash as soon as it is met.