Casinos in the fiercely competitive online gambling space are always out for new blood. One of their most powerful tools in this pursuit is the welcome bonus. It is a promotional offer that is meant to draw new customers in and give them added value at the start of their journey with a certain casino. But what exactly are these bonuses, and how do they work? Let us now delve into the world of online casino welcome bonuses and try to define it.
Welcome bonuses are usually more attractive than most promotional offers; they are special in that they work to leave a good, first impression. The casino feels it’s a way of giving its treatment to new members, hoping that they will turn into regular, long-term cash players.
Types of Welcome Bonuses
While specific details can be considerably varied between casinos, there are a few typical kinds of welcome bonuses you’re likely to find after Spinanga login, for instance:
- Match Deposit Bonus: This can actually be described as the most common type of welcome bonus. The casino will match a percentage, up to a certain amount, of whatever you deposit first. For example, 100% match up to $200 would mean upon depositing $200, you have another $200 in bonus money.
- No Deposit Bonus: More rare but very appealing, this allows you to obtain some little money for playing or some free spins for account creation only, without any deposits being made.
- Free Spins: These are most often tied in with a match deposit bonus and allow the player to play particular slot games without using their cash.
- Multi-Deposit Bonus: Some casinos happen to disperse the welcome bonus among your first deposits, thereby encouraging you to go on playing.
- Package Deals: These combine several of the above elements, offering a mix of bonus funds, free spins, and other perks.
How Welcome Bonuses Work
Despite everything, welcome bonuses almost sound like free money. Yet they come with the terms and conditions guiding them on use and withdrawal. It would be best to understand these to maximize the return on your bonus.
The key concept that has to be grasped here are the wagering requirements, also known in some quarters as play through, which stipulate the number of times that a user is required to bet with the bonus amount, and sometimes the deposit amount, before they are given the license to withdraw any winnings that have been derived from the bonus.
For instance, should you receive a $100 bonus, and it comes with a 30x wagering requirement, that means you will need to wager the value of $3,000 before you’re allowed to withdraw any of the winnings from your bonus money.
Time Limits and Game Restrictions
Welcome bonuses will, most of the time, come with a deadline. You may be forced to play with your bonus money or free spins within a given number of days, with the wagering requirements stated to have taken a period within a certain time frame. If you overstay beyond this period, you could very well lose the bonus and, probably, the winnings accrued.
And not all games are created equal for the purposes of meeting your wagering commitments. Generally, slots are 100%, but table games such as blackjack or roulette might only contribute so much, or indeed contribute nothing at all. As always, you should read the terms and conditions about what games you can play with your bonus money.
The Strategy of Using Welcome Bonuses
One always has to devise a strategy regarding a welcome bonus. The very first thing that comes to one’s mind is to always take their time and read through the terms and conditions of the bonus. If one is going to accept a bonus, know their wagering requirements, the time limits on them, or the restrictions on the games.
Do not get swayed just by the bonus amount. Many a time, a less attractive bonus with fewer terms bound to it might end up yielding more value compared to a massive bonus with stringent conditions.
The Future of Welcome Bonuses
With the growth in the online casino industry, welcome bonuses are changing as well. We’re witnessing a trend towards further personalization of bonuses based on players’ individual preferences. Some casinos are also moving to a model of “real money” bonuses with small amounts.
What’s more, right now with VR and AR supporting devices, some online casinos may offer you bonuses that are inclusive of a welcome VR-supporting device or something in the virtual reality that you can’t get out at all.
