How does the Welcome Bonus work?
Taking advantage of casino welcome bonuses is a must, but not before you learn how they really work. Not all bonuses are equal – although some are really free, others come with certain requirements. Various casinos offer various welcome bonuses, so you need to pick the best option as well. It may sound straightforward, but with so many options out there, you really need to find the best one.
If you were wondering why a casino is basically giving you money to gamble with, it’s because they view it as great marketing. And, it really is. After all, if a casino wants to make a new customer, they need to draw them in first. There are tiny welcome bonuses many players avoid, but there are also bonuses which are quite lucrative and can make a player a big fan of the casino offering them. Casinos are quite aware of the fact that they will win more money from the player than the other way around, so they offer comps which will draw them in to play more. In the end, the house always wins.
What are the Pros and Cons of Welcome Bonuses?
A casino bonus is a nice way to raise your bets and win more. Why should you get it? Well, if you’ve had a certain amount of money you were planning to bet with, wouldn’t it be nice if you had a bit more? You are going to spend them anyway and adding the casino bonus to your max bet will also increase your winnings. That’s a great way of using a casino bonus. Of course, you might lose it all, but if you win, you’ll get more than you had hoped for.
There are really no downsides of using a welcome bonus, although some casinos do have certain requirements that need to be met before you can use the bonus. All casinos have a wagering requirement in order to prevent people from betting the minimum, getting the bonus and withdrawing. The welcome bonus is usually available after a few times of playing and a certain amount of money spent in the casino.
Types of Welcome Bonuses
There are many types of casino welcome bonuses. They can be divided into no-deposit and first deposit bonuses as well as sticky and non-sticky bonuses. The first deposit bonuses are most common and will give you the welcome bonus after you place the first deposit.
On the other hand, sticky bonuses can are for wagering purposes only and can’t be withdrawn. Once you’ve fulfilled the requirements, the bonus will “stick” to your account until depleted. On the other hand, non-stick bonuses are far better and can be withdrawn along with your winnings.
Once you’ve identified the best bonus for yourself and you understand how it works, you can go ahead and use it.