Whether we like it or not, casinos and sportsbooks often get mixed and matched nowadays. Although most brokers have separate pages for their casinos and sportsbooks, they’re still a part of a bigger gambling site. The result is good in terms of cross-selling for the broker: some sports betting customers play casino games from time to time, and some casino players place a bet every now and then. More profits for them, especially since the second activity of either of those players is usually driven by fun. But the online casino industry has grown a lot in the US in recent times, especially since they’re no longer illegal.
That being said, let’s dive into the casino industry a little bit, with tackling one of the most common myths: playing casino games is a lot easier than sports betting. This is a common misunderstanding, especially since the bulk of players in the two industries are vastly different. Lots of casino players mostly play for fun, but for those which don’t (and we believe most of our readers fall into this category), casino games are a source of income and an investment, and are treated accordingly. In betting, odds and win rate are the main drivers for long term success. In the casino industry, the payout of every game is the driver.
It might sound weird to speak about payouts in slot games, for example, but we’ll try to explain. Some casino games are completely random, while other have some skill involved. Let’s take blackjack as an example, because it’s one of the most well-known games. Blackjack does involve skill, but there is an “ideal” way in which it can be played, statistically. The payout for Blackjack is taken into consideration has a probability of 46%, excluding ties. This doesn’t mean that the game cannot be turned profitable, but you do need some luck, or a money management system that provides profits even with win rates < 50%.
If 46% sounds bad for you, we’ll have you know that most casinos play games ranging from as low as 37%-win rate, especially if we’re talking about slot games which are mostly “play for fun”. On the other end of the spectrum, there are casinos which play with little to no “house edge”, such as those which offer roulette wheels with no “0” on the wheel. In those cases, if you bet on red or black, you have a perfect 50% chance of winning. Usually, these casinos take a small fraction of your winnings as tax, meaning that the win rate is no longer 50%.
Casino Bonus Types
The bonuses and promotion section can help alter these percentages quite a lot. Not the win percentages of the games, of course, but the amount of money you end up with at the end of the day. If a game has a 48% return rate and you invest $100 in it, you’ll have a bit less money at the end of the day – but what if that money isn’t yours? If it comes in the form of a sportsbook bonus, you’re suddenly winning money. Casino bonuses are usually split into a few distinct categories, which are all very easy to understand:
- First deposit bonuses are the most common type of casino bonus which you’ll encounter. They’re often called “welcome bonuses” or “signup bonuses” due to the fact that you receive the money after you create a new account and make your first deposit. Brokers usually give customers between 50% and 150% of their initial deposit, with some sportsbook going all the way to 200%. This isn’t free money, remember – there are some rollover conditions involved, more often than not with a timestamp as well. Rollover conditions for casino first deposit bonuses are usually around 35x-40x the amount of the first deposit, but this isn’t as hard as it sounds to fulfil. Be sure to read the terms and conditions of the bonus carefully before using it.
- Reload bonuses work the same as the first deposit bonuses mentioned above, except the fact that they work for all deposits, not only first ones. They’re usually significantly smaller, but work very well for people who prefer to make more frequent small deposits instead of one large one. At the end of the day, they make re-loading your casino account a lot more profitable.
- Free spins are usually given out loosely by casinos. They’re part of welcome bonuses, reload bonuses, and are also the most frequent bonus given to existing customers. In essence, free spins mean that you can play a specific slot game for which the free spins are for without paying any real money. This is the mechanism used by casinos to get players to try out new casino games, or promote some of the ones which are dropping in popularity. They’re a good way to have some extra fun and try some things out, while even being able to earn some money from the process.
Other bonuses are a lot more specific, and we won’t go into them right now. Remember to carefully read the terms and conditions of the bonuses to fully understand what you’re getting and how to turn the bonus money into real money. Especially if you’re serious about gambling, these bonuses can make the difference between a sub-par experience and actually getting profits at the end of the gambling cycle.
At the end of the day, a casino bonus is just as good as you make it. There is some irony in that statement, since most casino games have a fair bit of luck involved. Most of the bonuses around casino games are extremely straightforward and honestly, it’s quite easy to transform them into some winnings. We’re also aware that some people play casino games for fun, and hats off to them – not everything should be about winning. But if profits are your main objective, bonuses will certainly set you up for victory.