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According to a recent study by Tudor Turiceanu (CEO of Casino Alpha), almost 70% of new players who claim bonuses choose promotions that have low wagering requirements.
Around 10% of players choose the offer with no wagering requirements to increase their earnings. The remaining 20% use other low-wager bonuses such as cashback, refer-a friend bonuses and loyalty points benefits.
He has more than 15 years’ experience in the gambling industry. His analytical thinking and his projects on various markets, such as the UK and Ireland, and New Zealand, led him to provide vital information about gambling insiders.
CasinoAlpha CEO’s discourse covered multiple aspects of online gambling. To understand the statement further, we must first comprehend the promotional side of the casino sector.
What are low wagering bonuses ?
As a new casino player, you can receive a welcome bonus from any reputable site. Casinos will reward you for opening a new account or making a small deposit.
According to some statistics, casinos spend between 20-60% of annual revenue on welcome and deposit offers for their customers. To reward all types of players, they created a variety of casino offers, such as no deposit, free spins, low turnover, small deposits, or cashback.
Online Casino Bonuses
The easiest way to understand free spins is when you sign up for an account. You get a certain number of spins that are complimentary on a specific slot machine. You can receive free spins by depositing just $1, $5 or even $10.
You can get a small deposit bonus of up to $10. This will give you a rotation and either a match of your deposit or an even larger amount, depending on which casino you choose.
Tudor Turiceanu explained low wagering deals are a characteristic of other types of offers. Wagering means rerolling stakes, bonus funds or winnings.
He added, “Unlike standard bonuses that may require you to wager your promotion amount 40 or 50 times, low-rolling deals generally only ask you for 10-20 times the promotion amount.” It is much easier to withdraw your winnings.
Tudor Turiceanu’s analysis
The casino expert showed us how rerolling can impact your casino experience. In this example, a player deposited $5 to get 100 spins at the non-progressive slot Book of Dead, which is the most popular.
This bonus requires that you meet the 45-times turnover requirement before you can withdraw.
If you win $10 you must continue playing to win $450 in game money (45×10). This is all to satisfy the terms.
In the above scenario, you as a player would be able to cash out faster by wagering only 10 times.
“Good Shot at Retaining”
Tudor claims that the lower requirements for rollover give players a better chance to cash out their winnings.
“With the high turnover requirements, you must play through a significant amount before withdrawing any money. Even if you are lucky, the house will always win most of the times. If you are lucky enough to win early, you can withdraw your money easily because the bonus terms are easier.
CasinoAlpha CEO and casino expert, Mr. John McKinney, also highlighted the benefit of being able play casino games longer.
High bonus requirements can cause you to burn through your bankroll quickly to meet the rollover. Low wagering promotions allow you to enjoy the game responsibly by allowing you to play at your own pace.
Casinos don’t lose money, and neither should you.
During his last interview, he advised to always choose the best deal even if that meant it would take longer. These bonuses are becoming more popular, but they’re still not available on most online casinos.
“Casinos won’t lose money on welcome promotions even if they spend to attract new players. You should not be satisfied with any bonus that you receive. Compare sites and check the terms of the casino to make sure your requirements do not exceed the standard.
