Cryptocurrencies are the new buzzword in the world of gambling. After its rise in the world of online casinos, players have had better opportunities to transact with their accounts smoothly and cheaply compared to traditional payment methods. Casinos have caught up with the crypto fever and are offering huge bonuses to players across the board.
Are these bonuses worth the time, money, and effort? Do you stand a chance of winning any substantial money from claiming these offers? Let’s find out.
What Offers Are Available in Cryptocurrencies
You will find several offers on crypto gambling sites. Here are some common offers:
Welcome Bonuses
These are offers you get when you join a gambling site as a way to welcome you on board. The offers can be in the form of free spins, no-deposit bonuses, and matched bonuses. In sports betting, the offers may include free bets and matched cash bonuses. Just as the name suggests, no-deposit bonuses and free bets do not require you to deposit to claim them. All the other ones require a deposit. You will find a deposit bonus on the Cloudbet Sports Betting reivew.
Reload offers
Reload offers are common bonuses you receive for depositing into your gaming site. They may be fixed amounts but are usually matched bonuses with or without free spins. Crypto reload offers are usually available on specific days of the week. Top casinos have more than one offer a week.
Bet Boosts
If you are into sports betting, you may find boosts to your bet slip values in the form of odd boosts or an increase in the total bet value. Bet boasts may also feature in specific leagues or for odds of a particular value.
Cashback offers
Cashback offers are promotions that help you recoup some of the cash you may have lost betting. These offers are common in gaming sites with a loyalty scheme and the value of the cashback rises with higher VIP levels. There may also be general cashback for all players.
Free Chips and Spins
Free chips are available for live dealer casino tables. You may have chips for your poker, blackjack, and roulette tables. These chips carry a specific value that would be included in the bet when placing your wagers. On the other hand, free spins are available for slot titles. You may find them with no deposit, reload offers, and welcome bonuses if not as standalone promotions.
How to Determine If a Bonus is Worth It
If you are finding it challenging to pick a bonus from the many options available to you, here is a quick guide to the specific features that you should check.
Winning Caps and Withdrawal Limits
A winning cap or withdrawal limit is the amount of cash that you can withdraw from the bonus winnings. For example, a bonus may have a winning cap of 5x the bonus amount. This means that you can only withdraw up to five times your bonus. If the bonus amount is $100, you can only take home winnings of $500. Go for bonuses with reasonable withdrawal limits so that you do not waste time and bankroll to earn so little.
Finally, check any other special requirements that may be attached to your bonus. Avoid offers with tasks that you cannot complete.
Wagering Requirements
The wagering requirement is the most significant condition attached to a crypto bonus. This condition is also called the playthrough requirement and denotes the number of times you can wager your bonus before you withdraw the winnings. Go for casinos that have reasonable wagering requirements (usually under 40 times) and less than five times for sports betting. High wagering requirements make it difficult to turn a profit.
Game Restrictions
Most bonuses are only eligible for specific games. The games are usually indicated on the promotion terms page. You must play the said games with the bonus to meet the wagering requirements. After the initial staking of the games, you can always play other eligible games with the bonus winnings.
The difference comes with how these games contribute to the wagering requirements. Those that contribute 100% count for each round. However, if the percentage is lower, the game contributes a fraction of the whole, meaning that you would have to play more to meet the wagering requirement. When looking at crypto bonuses, go for ones that cover the games you wish to play or that accept contributions from such titles.
Are Crypto Bonuses Really Worth It?
The answer to this question depends on your preferences and gaming habits. If you wish to maximize your playing time and gamble with little risk, go for a bonus with low deposits and reasonable wagering requirements. On the other hand, if you are a high roller, go for offers that are worth the large deposits you will be making. On the other hand, if an offer has negatives for most of the factors we have discussed above, it is not worth your time and money.
Always go for cryptocurrency offers that touch on the games that you love playing and offer a real possibility of making more money than you would without it. Read the terms and determine if you can meet them comfortably before picking your bonus.
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