Welcome bonuses are called differently – welcome bonus, sign-up bonus, first deposit bonus, and the like. Despite the many names, they all essentially mean the same thing.
A welcome bonus is a certain amount of free spins (bonus spins) that the casino gives new users to deposit. The size of the amount or the number of free spins often depends on the deposit size. The more significant the amount deposited, the greater the bonus the player receives.
To receive your welcome bonus, you must register on the site and make a minimum deposit or a more significant amount to your account. Bonus funds or free spins will be credited to the user along with the deposit money to a separate bonus account.
This process may vary from casino to casino. Before replenishing the deposit, it is worth discovering the minimum amount and other essential details in the conditions for receiving the bonus.
Terms and Conditions for Using Welcome Bonuses
Welcome bonuses may seem generous, but it’s essential to consider that they always come with specific terms and conditions that casinos set to protect themselves from abuse.
- Wager (wagering requirements): The wager is a coefficient determining how many times bonus money must be wagered to become available for withdrawal. For example, if a casino offers a 30x wagering bonus, you must place bets for 30 times the bonus amount. If you received a bonus of 100 rubles, you will need to place bets of 3000 rubles (100 x 30) before withdrawing your winnings.
- Time limit Welcome bonuses often have a limited duration. For example, if a bonus is due to be wagered within 7 days and you still need to meet the wagering requirements, the bonus and any winnings associated with it will be canceled.
- Betting Limits Casinos may have maximum bets that can be placed when using bonus funds. This restriction protects the casino from players trying to quickly meet the wagering requirements by betting too much.
- Game Restrictions: Some bonuses can only be used on certain games or slots. This means that players need to carefully read the terms and conditions of the bonus and choose games that comply with the rules of the casino.
Advantages and disadvantages of welcome bonuses
Advantages:
- Additional funds to play with – Welcome bonuses allow players to start with more significant amounts, which increases the chances of winning.
- An opportunity to explore the casino – no deposit bonuses and free spins allow you to test the games and the casino interface without investment.
- Increased motivation to play – bonus funds can make the gameplay more exciting and extend the game time.
Disadvantages:
- Difficult wagering conditions – high wagers can make it challenging to withdraw bonus funds.
- Time limits – if a player does not have the opportunity to play often, the limited duration of the bonus can be a problem.
- Restricted games – Sometimes bonuses can only be used on specific slots, which may not satisfy the preferences of all players.
How to Wager Your Welcome Bonus
Bonus funds received on the user’s account cannot be immediately withdrawn from the online casino. To do this, you need to win them back. How to do this again depends on the conditions of each particular casino.
Usually, the player needs to bet a certain amount, which is determined by exceptional odds. For example, if the user received 100 bonus hryvnias, and the coefficient specified for wagering is x5, he needs to place bets for 500 hryvnias. It doesn’t matter if it’s only one bet or 10; the main thing is the total amount.