Who Gets the Best Casino Bonuses?


10/07/2014
By Debra SaundersGoogle
With online casinos spanning the internet’s World Wide Web, there are many myths and fact tellers talking about how dealing in one currency is better than another when it comes to casino bonus code utilization, but some information being touted around is negatively affecting the value of these bonuses.

Here at www.casinobonusreviews.com, our news team has read many of the claims and are about to dispel one of the most common claims out there. That is the claim that UK punters are getting the best deals when it comes to deposit match bonus codes due to the higher exchange rate value of the pound versus currencies such as the Euro dollar and US$.

Where did the myth come from?

After some research, we found that many people simply are not aware of something called play through or play back rules due to the fact that they are relatively new to the online casino gaming world. The second reason was surprising because it came from those that have experience in the industry, and most surprisingly of all, from websites that blog about casino bonus codes.

The Exchange Rate Myth on Online Casinos

As the UK pound is worth US$1.7 as of June 2014, it is assumed that a 100% deposit match bonus for the pound is far more valuable. In some ways this is true – let’s have a look at an example where the maximum deposit match is cut off at a $/£/€100
A: £100 deposit = £200 to play with
B: $100 deposit = $200 to play with
C: £200 @ $1.7 to the pound = $340
D: $200 @ $0.59 to the pound = £118

British players are getting $340 to play with when converting the pound into US$ compared to the standard $200 the US players are getting. Start to increase the maximum amount of cash the deposit match applies to and the UK currency is receiving a far better deal.

Dispelling the Myth of the UK Advantage using Play through Amounts

It is clear those playing using British currency are getting a better cash value deal, but when you further research the terms and conditions of the bonus, it is here that penalties apply to the British pound.

US$ - the average play through amount is 10 times the bonus value
UK£ - the average play through amount is 20 times the bonus value

What Does this Mean?

To be able to withdraw the bonus as cash, players must bet their bonus amount multiplied by the play through. Here is an example using the figures from the ‘The Exchange Rate Myth on Online Casinos’ section above where the bonus value was $100:

US Bonuses
A: US$ - $100 x 10 = $1,000 in bets must be wagered before US players can withdraw their bonus as cash.
B: $100 is £59, so £590 worth of UK currency must be wagered before US players can withdraw their bonus as cash.

UK Bonuses
A: UK£ - £100 x 10 = £1,000 in bets must be wagered before UK players can withdraw their bonus as cash.
B: £100 is $170, so $1,700 worth of US currency must be wagered before UK players can withdraw their bonus as cash.

The Play Through is Actually Worse for UK Players

As the UK pound is not worth double the US dollar, the UK players are actually worse off despite having more cash to play with. This is because the play through of 20 times is valued at double that of the US currency despite not being worth double the US currency.



 

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