There is good money to be made on the
Internet. You've heard it said countless times before but could never quite
figure out how you can get your own slice of the pie. How do free games online still
earn you money? The answer is simpler than you think.
- Sign-Up Bonus = Free Money
Unlike traditional brick and mortar
casinos, online gambling sites have an edge. Just for signing up, most
well-established gambling sites offer you a bonus when you register. So before
you've even taken your first spin at the roulette table, you already have a
comfortable sum waiting in your online wallet (sometimes as much as $100). So
where's the catch?
Well, the online casino needs to get a
return on their investment. In exchange for the bonus they've given you, the
site requires that you to spend a certain amount of time on the website –
investing your own money and interacting through a number of different games on
the site.
- Let's Take A Look At An Example In More Detail:
Upon registration, most free games online require
that you deposit a given amount into your account. For the sake of this
article, let's make it $100. As a new customer, you will usually be rewarded
with a bonus offer of $100 to match your initial investment. Just like that,
you've got $200 in your account, and all you did was create an account. I know
what you're thinking: “Why not just cash out your winnings straight away?”
If only things were that easy. Remember,
the online casino needs to get some value out of their investment in you. This
is where a premise called the wagering requirement comes into play.
- Free Games Online Wagering Requirement
Basically, this is the total amount of
money that you first need to bet on the gaming site before you can withdraw any
funds from your account. The specific details of the online casino's wagering
requirement will be laid out in the website's Terms and Conditions (usually via
a link at the bottom of the home page). It's a good idea to familiarize
yourself with these rules before making any sort of investment.
Bear in mind, not all websites and free
games online are created equally. For example, you may be attracted to an
online casino which only calls for 5 times wagering requirement. Read the fine
print and you will most likely discover that those 5 times apply to both your
welcome bonus as well as your deposit.
So back to your $100 deposit. You've
received $100 free from the online casino. Great! But if both amounts need to
be matched, your wagering amount has now been doubled to $200. Those $200
multiplied by 5 means that you need to bet $1000 before you can withdraw any
earnings you've made.
- What's In It For You?
So is there any way to make a profit at all with free games online? Yes, there is. It all begins with you brushing up on
your basic strategy of online games. Learn blackjack, for example. You've heard
the saying “the house always wins”. Learn the basics and make the house work
for you. If you've mastered basic strategy, the casino's house advantage at
6-deck blackjack is just half of one percent. Those are great odds!
Let's get back to your original $100
deposit. You've already determined that you need to bet $1000. Well, half of
one percent equals a minor $5. So if you can play a perfect game using basic
strategy until you've reached your $1000 threshold, you will still have $195
left in your account. Considering that you made an initial investment of $100,
that's $95 in profit!
Sure, there's the chance that you may be
dealt a poor hand. Even if you only earn $155 after your session of blackjack,
you would still have made a $55 profit. The key is to keep perfecting your
basic strategy so you improve your odds of earning a higher profit.
Again though, be sure you know exactly
which rules apply to specific free games online. The online casino may, for
example, limit the number of raked hands you're allowed to have. Also, as with
all online gaming, be sure to check the laws which apply to gambling in your
specific state or country.
