Live Punto Banco Bonuses: What To Avoid
For a lot of first-time online casino players, the bonuses seem too good to be true. And, as we know with anything that seems too good, it is usually not true. When you accept a punto banco bonus bonus, it is NOT free money. Rather, it is an incentive which can shift the odds in your favor at least temporarily. If you want to make the most of this benefit, you have to first understand the rules surrounding a punto banco bonus bonus.
Low versus High Variance GamesIn the gambling world, we spend a lot of time talking about house edge but rarely talk about variance – something just as important as house edge. Basically, variance is a calculation of the risk involved in a game. The higher the risk, the higher the potential payout or loss is. Games like Punto Banco are considered low variance: you aren’t likely to win much but you aren’t likely to lose much either. Games like slots are very high variance because you will probably lose a lot and maybe never get the potential massive jackpot.
Wagering Requirements for a Live punto banco bonus Almost all casino bonuses have something called a wagering requirement. Under the rules of the wagering requirement, you must play through the bonus amount X times before you can cash out. For example, if the bonus amount is 0 (like on a 100% deposit match) and the wagering requirement is 10x, then you’d have to gamble ,000 before you could cash out any wins.
A wagering requirement isn’t such a bad thing with a punto banco bonus bonus. That is because out of ,000 of bets, you are only likely to lose about 6 (with the house edge of 1.06% on Banker bets). So, you’d only end up in the minus because you got 0 of “free” money from the casino.
With a very high variance game like slots, you are probably only going to get back about 25% of your bet amount (unless you get lucky and hit a jackpot). So, out of the ,000 wagering requirement, you would end up losing about ,500! Thus, the 0 of “free” money doesn’t make sense to take.
Always watch out for the wagering requirements before you accept a punto banco bonus bonus. The higher the wagering requirement and bonus amount, the more you will lose before you are allowed to cash out.