I agree with you because casinos are businesses and they are profits oriented and at that it is very important to adhere to the strict operational conditions that helped both the gamblers and the casino but most importantly the casino is favoured when it comes to giving out free money in form of bonuses and since the casino doesn't want to give out free money the accompanied their bonuses with high wager requirements.
So also we have to be smart enough to know how to apply ourselves to all the conditions that the casino may put up when we are chasing bonuses.
Casino bonuses are a common marketing strategy used by online casinos to attract new players and retain existing ones. These bonuses come in various forms, such as welcome bonuses, no-deposit bonuses, free spins, and loyalty rewards. While they may seem like free money at first glance, it is essential to understand that casinos are businesses aiming to make a profit as you have noted and so, the terms and conditions attached to these bonuses often include wagering requirements to protect the casino’s interests.
Wagering requirements dictate how many times a player must wager the bonus amount before being able to withdraw any winnings associated with it. For example, if a casino offers a $100 bonus with a 20x wagering requirement, the player would need to wager $2000 ($100 x 20) before cashing out any winnings.
That's why it is very important for a gambler to read the rules and regulations first before believing or engaging in a new casino because bonuses are like a trap set for those who are finding to have much funds in order to play, but little do they know there are hidden or not hidden rules that are hard to see if you do not take precaution or observe first. That's why it's like a trap set for those who need to have a lot of funds in order to play, but little do they know there are hidden or not hidden rules that are hard to see if you do not take precaution or observe first. That's why it's like a trap set for those who need to have a lot of funds in order to play, but little do they know there are hidden or not hidden rules that are hard to see if you do not take precaution or observe first. That's why it is said that many new users or gamblers on a website are being trapped, or their funds are being trapped in a website casino, and they can't cash out their winnings because they still need to reach a specific amount of wager. That's why it is very important for anyone to read first before they check the terms and regulations, because that's when you can see their hard-to-see rules in order to avoid inconvenience and to avoid trapping your funds in a website casino.
What you say is very true, there are many times that things can seem very good in casino bonuses, but the conditions of the casinos can be very intrinsically in the TOs at the beginning of the registration and not in the bonus as such that they say. Maybe that's why it's so important to say that the RTP is low compared to the bonuses and what's promised.
I learned a long time ago not to take bonuses from casinos, the truth is not by doing the RTP analysis like OP did, but in most cases there are many conditions for one to be able to withdraw that bonus later, and That is something that mortifies me, it is full of a series of great wagering to bet and the truth is I am not a person who has a lot of patience for that, I am more into playing, losing and winning, if I lose I accept it and if I win then I withdraw my money and I am not subject to any type of special conditions to withdraw, at most I must comply with the KYC and that is something very tedious.