If you’re a small stakes player with an account at CaesarsCasino.com, you might be interested in the special offer that casino is making this weekend.
It’s not often that NJ gambling websites offer bonuses to existing players amounting to 50 percent of their deposit. Most bonuses are far less generous. Fifteen to 30 percent deposit matches are more the norm, and even a paltry 10 percent deposit match is not unusual.
However, all weekend long through Monday, May 20, Caesars NJ online is offering players a 50 percent bonus on a $50 deposit!
Deposit match bonus at Caesars NJ
This promotion is open to all registered Caesars NJ players. In order to participate, simply do the following:
- Log into your Caesars NJ account anytime during the May 18-21 promotion period.
- Click on My Account and then on My Bonuses.
- Enter the code MAY25 and click on Get Details.
- Look for the offer Deposit $50, Get $25 under Available Bonuses.
- Click on Deposit next to the bonus. Then make your deposit and claim your $25 bonus.
Terms and conditions
This offer can only be claimed once and is based on a single deposit. As usual, deposits made at the Caesars Atlantic City casino cashier’s cage or via PayNearMe don’t count.
A $50 deposit is fine; no need to deposit more
Keep in mind that regardless of the size of your deposit, the amount of your bonus is fixed at $25. Since the bonus offer is for half of your deposit, a deposit of $50 will suffice.
There is no need to deposit any more than $50, and if you do, you will lose the excellent value that a 50 percent deposit match bonus would otherwise give you. The only possible advantage to depositing more than $50 is that you would then have more money in your account to wager if you feel you need it.
Before you will be permitted to withdraw the bonus, the $50 deposit tied to the bonus, and any resulting winnings, you will need to meet the casino’s wagering requirements. The stipulated wagering varies, as follows, based on your game choice.
- Slots: 5x bonus + deposit
- Video poker: 10x bonus + deposit
- All other games: 25x bonus + deposit
You have up to seven days to complete the wagering. While this wagering is still in progress, the $25 bonus, your $50 deposit, and any related winnings will all be temporarily locked into your account and unavailable for withdrawal.
Canceling the bonus, attempting to withdraw unavailable funds prematurely, or failure to complete the necessary wagering within the seven-day allotted time frame will result in forfeiture of not only the bonus, but also any bonus-related winnings.
Effect of including the deposit
Unfortunately, a regular practice at Caesars online casino, though not on other NJ gambling websites, is to base the wagering requirements for clearing deposit match bonuses on a multiple of both the bonus and deposit combined.
Typically, players only have to wager the bonus a specified number of times and the deposit doesn’t enter into the equation at all. Obviously, including the deposit, too, makes clearing the bonus more expensive.
If this bonus was a 100% deposit match offer, as some of the Caesars NJ bonuses are, making the wagering requirements equal multiples of the bonus and deposit combined would make the wagering requirements double what they would be otherwise.
However, this offer is for a 50 percent deposit match bonus, so the net effect is to triple the wagering requirements.
Here is what this undesirable rule, which clearly favors the casino and not the player, will mean in actual dollars and cents that you will have to wager when clearing the bonus with each type of game.
- Slots: 5x $25 + 5x $50 = $375
- Video poker: 10x $25 + 10x $50 = $750
- All other games: 25x $25 + 25x $50 = $1,875
Based on the foregoing, even though there are other games, notably blackjack, that have a lower house edge than slots, risking $1,875 for a bonus of only $25 (75x the bonus by itself) is excessive. Therefore, it is not recommended, even if you can afford it. Video poker would also require sizable wagering, amounting to 30x the bonus.
Therefore, your best bet for clearing this bonus is to stick to slots. You will still have to risk $375 to get $25. However, you can spread out your play over seven days, so it’s not too bad. Play only slots with a 96 percent or higher return to player (RTP) to preserve your bankroll and improve your chance of winning.
The bottom line: Is this promotion worth your time?
Ordinarily, a deposit match bonus of 50 percent is a great offer. However, the inclusion of the deposit in the wagering requirements lessens its value considerably.
The best feature of this promotion is that it only requires a deposit of $50. Because a $50 deposit should be affordable to virtually all players, this promotion gives small players a viable opportunity that they might not get often otherwise to qualify for a bonus.
On the other hand, if you’re a high roller, my suggestion is to wait for a better offer. Caesars NJ online casino has plenty of them.