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Welcome Bonus in Online Casinos - A Comprehensive Guide for Players

21 Sep 2023

All a player needs to know about Welcome Bonuses in online casinos!

In the bustling world of online gambling, online casinos constantly strive to entice new players to their platforms. One of the most popular methods they employ is offering the best online casino bonuses possible as well as all sorts of perks to the potential as well as regular and loyal players. Welcome Bonus is the most predominant form of incentives online casinos offer.

If you're new to online gambling and curious about differenttypes of online casino bonuses, especially the Welcome Bonus offers, this guide provides you with everything you need to know to fully understand how online casino bonuses work, why is Welcome Bonus so important, and how to use it to its full potential .

What is a Welcome Bonus?

million dollars bonus

A Welcome Bonus, sometimes also called a Sign-Up Bonus, is a promotional offer extended to new players who register and deposit at an online casino. It's a casino's way of saying "Thank you for choosing us!" Welcome bonuses can range from free spins on slot games, a percentage match on your initial deposit or first few deposits, or even cashback offers. 

Why Do Online Casinos Offer Welcome Bonuses?

Casino promotions exist to meet the needs of both players and gambling platforms and Welcome Bonuses are a vital part of that strategy. Here are a few important reasons why online casinos include this bonus offer:​

  • Attract New Players: In the saturated market of online gambling, casinos want to stand out. Offering an appealing Welcome Bonus can make a difference in a player's choice of gambling platform. Finding the right online casino demands a certain time and research! When looking for the best possible option among online casinos, players are checking out many different things - the selection of available casino games, payment options, gaming licenses, etc. However, bonus offers are usually what catches their eye from the get-go and more times than not, they are the thing that will tip the scales and make a player choose one casino over the other.
  • Competitive Edge: Casinos constantly compete with each other to offer the most lucrative deals, aiming to lure players to their virtual doors over their rivals. That's why many online casinos don't solely offer a match percentage bonus on the first deposit but often decide to expand that offer on the first 3 or sometimes even 5 deposits. These Welcome Bonus packages are slowly becoming prevalent in the gambling industry! In many ways, it's a win-win situation - players get more of "free money" while casinos get players to deposit more than just once. By spending more time on a specific gambling site, players are more likely to become regular players.
  • Promote New Games: By offering free spins or related bonuses, casinos can introduce players to a new slot or other fresh casino games, encouraging them to stay longer and play more. Dedicated online casino bonuses can do wonders for promoting a certain game! Gambling is all about entertainment! Bonuses and promotions bring extra cash to the player's balance, prolonging their gaming session which is why players seek them out. On the other hand, by playing more, the chance of a player really falling in love with a certain casino game gets bigger which means they are likely to return to the game even when it's not part of some exclusive bonuses.

Types of Welcome Bonuses

Welcome Bonuses come in several variations. The most popular are deposit bonus offers which are also frequently combined with free spins on specific games.​

  • Deposit Match Bonuses: Often, casinos will match your first (or more) deposit by a certain percentage, up to a maximum amount. For example, a 100% deposit match, up to $100 means if you deposit $100, the casino gives you another $100 to play with. The type of Welcome casino offer that's based on a deposit bonus is the one new players get in most online casinos nowadays and many see it as a standard bonus offer. 
  • Free Spins: Sometimes Free Spins come as a singular offer for new players and sometimes online casinos mix free spins with deposit match bonus creating a grand online casino bonus for newly registered members. Software providers love these types of promotions as they put their slot in the spotlight, introducing it to the players who otherwise might have never spun its reels. 
    free spins on slots
  • No Deposit Bonuses: A rarity, but some casinos offer a small bonus just for signing up, even before you deposit any money.
  • Cashback: If you lose a certain amount in your initial games, the casino may offer a percentage back as a bonus. 

Wagering Requirements of Online Casino Bonuses

Wagering requirements, or playthrough as they are sometimes referred to in casinos' Terms & Conditions, are an extremely important segment of any casino bonus. They are stating the number of times the bonus amount needs to be wagered before the money can be fully withdrawn.

Most Welcome Bonus offers come with wagering requirements attached! However, to truly understand what's required of you, not only for claiming the bonus but also making it withdrawable, you need to go through Bonus Terms & Conditions very carefully.

What are Standard Wagering Requirements?

The standard wagering requirements in online casinos are 30x-35x! Anything higher than that is considered to be tougher for players to reach and therefore is usually recommended to players to stay away from those types of offers if possible. Casinos rarely go below the 30x mark in their online casino bonuses but those are generally considered player-friendly.

Aside from wagering requirements, casino bonus terms sometimes include additional requirements such as:​

  • Only bets placed on certain games in the casino count towards wagering requirements.
  • Bets below or above a certain amount don't count towards wagering requirements.

How to Count Wagering Requirements?

Before claiming any of the bonuses and promotions, you need to check the wagering requirements and calculate just how much money you will need to wager before bonus money is free for withdrawing. Don't worry, calculating something like this is pretty simple.

For example, if you deposit $100 and claim the bonus that brings 100% of the deposit, you will have $200 to play with ($100 deposit + $100 bonus). And if you have 30x wagering requirements set on the said bonus, you will have to wager $3,000 before you're free to withdraw winnings. 

bonus with bag full of golden coins

Another thing to keep in mind when calculating wagering requirements is that different casino games contribute differently towards meeting wagering requirements. For example, playing games like slots can contribute 100% while Live Dealer games can contribute 50%. This type of info will be clearly stated in Bonus rules so pay close attention when you read it!

How to Keep Track of Your Wagering Requirements?

Keeping track of your wagering requirements is very important and most casinos provide players with the possibility to follow this information in their casino profiles. However, not having that as an option can make the whole gaming experience a bit tricky. Still, there is a solution for that as well. All reputable casinos provide efficient customer support via Live Chat so, in case you don't see the wagering requirements in your profile, simply write to the support and they will provide you with all the necessary information.

Wager-Free Casino Bonuses

Just like No-Deposit Welcome Bonuses, Wager-Free Bonuses are very rare compared to other casino promotions. As their name implies, Wager-Free Welcome Bonuses are available to new players without any wagering requirements. All you have to do is create an account in a casino, claim a bonus, and get the money!

Given the fact that they are wager-free, it comes as no surprise that the amount this type of casino bonuses provide to new players is significantly lower than the one you encounter in standard casino bonuses. Most of the time, they are used as a promotional tactic by the online casinos to attract more players.

Tips for Maximizing Your Welcome Casino Bonus:

  • Compare Offers: Not all Welcome Bonuses are created equal. So, make sure you compare offers from various casinos to find the most lucrative and suitable one for your playstyle.
  • Understand the Terms: Ensure you understand the wagering requirements, game restrictions, and time limits associated with the bonus.
  • Manage Your Bankroll: Just because you have bonus money doesn't mean you should be reckless. Responsible gambling is the way to go! Play smart and manage your funds wisely.

Conclusion

Welcome Bonuses can provide a lucrative boost to your online gaming experience. They are usually the most generous bonuses in the gambling industry and are available for the fans of online casino games as well as sports betting. Compared to other casino bonuses, they are certainly the most popular among them all.

However, although Welcome offers in online casinos feature the biggest bonuses on the iGaming market, they should be approached with understanding and caution. Do your homework, understand the terms, and choose bonuses that align with your gaming preferences and strategies. With a little luck and wisdom, Welcome Bonuses could significantly elevate your online gaming journey!

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