The welcome bonus is a widespread and popular promotion in the world of online casinos, which players can obtain once after registering. If you are interested in what a welcome bonus is and what conditions you need to meet to get one, read our article below. We will also discuss some of the advantages and disadvantages that you should keep in mind before registering.
What are Welcome Bonuses and How do they Work?
A welcome bonus is a promotional offer that online casinos give to newly registered users. It’s not hard to see why this is worthwhile for casinos, as it’s one of the most common ways to attract new users and encourage them to play.
In most cases, welcome bonus offers include free cash and spins. For example, National Casino has a welcome bonus of 100 USD and 100 free spins. However, at first glance, it is not always clear what conditions these offers are subject to.
Conditions for Receiving the Welcome Bonus
The first step is, of course, registration, followed by the minimum deposit amount specified by the casino, and then the wagering requirement and time limit must be met. The wagering requirement is a multiplier that determines how many times the player must wager the bonus amount before they can withdraw the money.
For easier understanding, let’s look at an example: welcome bonus of Fatpirate Casino offers 600 USD + 250 free spins, with a wagering requirement of 35x and a wagering requirement of 40x for the free spins.
This means that a total of 21.000 (600 x 35) must be wagered before the winnings can be withdrawn. In the case of the 40x requirement, this number varies depending on the winnings from the free spins.
To claim the bonus, you must activate it as part of the registration process, then make your first deposit meeting the minimum deposit requirement, which is 17 USD at Fatpirate Casino. The bonus will then be credited to your account.
Advantages of the Welcome Bonus
Welcome bonuses are a sign of a warm welcome from casinos, offering you a one-time offer that greatly enhances your gaming experience. Let’s take a look at the benefits you can enjoy if you take advantage of this one-time opportunity.
Risk-free Gaming
First of all, the most tempting thing about welcome bonuses is that they give you money to play with, allowing you to explore the casino risk-free. This gives you plenty of time to familiarize yourself with the casino platform and its range of games.
Increased Playing Time
Thanks to the bonus amount, your playing time is extended. Think about it, the bonus offers you a much larger amount than you had to pay, and by claiming the bonus, you get many more playing opportunities for the same investment.
Real Cash Winnings
Ultimately, bonuses are not just a collection of numbers that exist in theory, but offers that can result in real cash winnings. Although the winnings are subject to wagering requirements, the bonus money or free spins can be converted into cash, adding to the excitement. If you’re lucky, you can even double the amount you deposited.
Disadvantages of Welcome Bonuses
Of course, not all that glitters is gold, and there are a number of conditions that must be met in order to take advantage of these tempting offers. Let’s take a look at what these are.
The Wagering Requirement
One of the serious conditions is the high wagering requirement, which is sometimes unrealistically high. Since you have to wager the bonus amount several times before you can withdraw your winnings, it’s a good idea to calculate the wagering requirement in advance and choose a casino where this number is lower.
Restrictions on the Use of the Bonus
Many welcome bonuses set limits on the maximum payout.
This means that no matter how much you win, you can only withdraw a certain amount. In addition, not only the amount of money, but also the games on which you can play to meet the wagering requirements may be restricted. For example, National Casino welcome bonus is only valid for the game Avalon: The Lost Kingdom.
Time Limit
Welcome bonuses usually have a limited time frame, so you need to pay close attention to the terms and conditions to ensure you don’t miss out on the offer. In addition, as in the case of National Casino, the promotion is not always credited immediately, but only after 24 hours, giving you control over your own pace.
The restrictions obviously make it more difficult and subject to conditions to use the welcome bonus freely, so it is extremely important to take the time to read the terms and conditions. Decide wisely which casino offer to claim and consider whether you can meet the requirements. If you do, just enjoy the game and the benefits of the bonus!