Welcome Bonuses: Things to Pay Attention to

The world of online casinos is fun because of all the options players have. To enjoy online gambling, they can join a plethora of sites that offer loads of entertainment. This is one of the most competitive markets where operators have to come up with different incentives to attract new customers. And, to retain existing ones.

One of the most common marketing tools online casinos use are welcome bonuses. They come in different shapes and sizes. Some of them may seem too good to be true. In this article, we bring you a quick guide to welcome bonuses and how to choose the best ones.

Introduction to Welcome Bonuses

As their name implies, welcome bonuses are incentives online casinos offer to new customers. They are a way the online casino want to say thank you for choosing us. Although they may differ in forms and sizes, welcome bonuses typically share one feature: they will be credited to you over your initial deposit.

Some gaming establishments offer a single welcome bonus, while others offer a welcome package that is given to a player over several initial payments. When it comes to the latter, we speak of welcome packages which may include free spins on top of bonus cash. At some casinos, you can claim up to €1,000 in bonuses and 100 or more free spins.

In most cases, a welcome bonus will double your bankroll up to a certain amount.

While an amount you can get is advertised on the home page of the gambling site, there is the fine print which is not that obvious. No matter how attractive a bonus offer may be, the terms and conditions is what you should check out before you claim it.

Wagering Requirements

Terms and conditions include all the rules that apply to a welcome bonus. First of all, you should know how much time you have to use your free cash. If you get €1,000 and you have only 7 days to use it up, this is not a good deal. Especially when you know that there is a cap on how much you can wager per round when using bonus funds.

Another thing you should pay attention is a wagering requirement. Also known as a playthrough, it is given as a multiplier that applies to the amount you have received or the deposit plus bonus. All winnings from free cash are added to your bonus balance and you must turn them into real money if you want to withdraw them.

For instance, if a wagering requirement of 30x the deposit and bonus applies to a €100 bonus you have received over your €100 deposit, you will have to play through €6,000 in real cash. Only when you achieve the wagering requirement, you will be able to clear your winnings obtained from the welcome bonus.

Other Terms & Conditions

Also, pay attention to a time span you have to turn your bonus cash into real money. Again, if it is shorter than 30 days, you may not be able to meet the wagering requirements, which is crucial to benefit from a welcome bonus.

Finally, you won’t be able to play all casino games while chasing the wagering requirements. Some of them are excluded while wagers on others contribute at a lower rate like 10% or 20%, meaning that you will have to wager (that is, to risk) more money. The best option for you is to play slot machines as bets placed on them mostly contribute 100%.

As you can see, there are many things that can help you determine whether an online casino welcome bonus is good for you. That’s why it is of the utmost importance to visit the terms and conditions page and learn all the details you should base your decision on.