From Fredrik Thomson, December 2016
The number of online casinos today has reached a staggering amount. In Europe online casino is immensely popular and a multi billion dollar industry. As in every other rapidly growing market, there are a lot of entrepreneurs eager to get their hands wet and hopefully make some money. This has certainly been true in the online gambling industry and online casino in particular.
To be a top competitor in the online casino space you have to have a lot of things in place. You have to have a solid gambling license and an impeccable legal framework to rely on of course. That's not the easiest thing to implement these days and you have to have big investors with a lot of money to do it. Then of course you need to have a well-known and appreciated game supplier like Net Enertainment, Microgaming, Playtech, Nyx or another leading casino game developer. The biggest online casinos probably have all the aforementioned plus several other smaller casino game providers under contract.
Fierce competition is good for the consumers
As a casino player you should appreciate the fact that there are a lot of different online casinos fighting to attract you into becoming a customer. It force them to top each others casino bonus offers. It is actually one of the few areas where the casinos can differentiate themselves. Often they have major parts of their respective operations outsourced to the same companies. That's why online casinos often will have the same games, the same cashier, the same customer support and so on.
If you have the energy and willingness to do some research you can collect large casino bonuses from different operators. Nothing stops you from starting one account on every online casino that offers an interesting bonus. But few players like the idea of depositing money on a bunch of different casino sites just to get a bunch of different casino bonuses. Most people like to find the one casino with the best casino bonus at the moment.
It can be hard to actually determine which bonus is the best due to complicated terms and conditions. But in general you need to take a look at the bonus amount and how much you need to deposit in order to get the money. Sometimes you have to deposit a substantial amount. Other times you don't have to deposit a single dime (no deposit bonuses). Often you'll also get some free spins along with your casino bonus.
The number one thing to look for in the terms and conditions sheet is the wagering requirement. The wagering requirement is a way for the casinos to protect themselves from bonus abuse. If it were possible for a player to deposit money, get extra money via the casino bonus and immediately cash it all out, the casinos would go bankrupt pretty fast. In order to avoid this they implement the wagering requirements. That means that you have to wager the bonus X amount of times before it becomes unlocked and available for withdrawal.
A huge casino bonus can look appealing at a glance, but if the wagering requirement is unreasonable that casino bonus can be near useless. So you always have to factor in the wagering requirement and calculate how much you need to wager to unlock the casino bonus money.