Casino welcome bonuses, interesting or not?
One of the big doubts that online casino players have is whether it is really convenient to accept the welcome bonuses that the room offers to players. It is true that these bonuses add extra money to our account so that we can start playing.
But it's also true that sometimes this gift comes a little poisoned, with demanding conditions that can make it difficult to get our eventual profits. To try to shed some light on this issue, we are going to see the pros and cons of those welcome bonuses according to the offers we usually find in modern online casinos.
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What are welcome bonuses
Welcome bonuses are one of the most common tools that online casinos use to attract new players. Any user who has never had an account at a particular casino can take advantage of these bonuses and will receive a special gift to start playing in that room.
Therefore, these types of bonuses are usually quite juicy and have different components depending on what the casino marketing team decides to include. We will display these components in the following table.
Deposit Bonus A bonus consists of an additional deposit of money into a player's casino account based on a certain percentage set by the room. Based on this percentage, the casino will add an equivalent amount of money to the user's gaming account so that the user can try out the casino. For example, if the welcome bonus is one hundred percent, then for every $100 a player deposits into their account, they will receive another $100 to wager.
Free Spins Bonus Another common component that is part of welcome packages is the free spins bonus. In this case, the casino provides the player with a certain number of free spins on a slot machine with a certain bet amount. It is true that the amount of this bet will usually be one of the smallest, usually no more than 10 or 20 cents. However, if the number of free spins is large, it is a good option to get more money into our account or just start trying our luck for free.
Reload Bonus While this is also part of the rest of the casino marketing policy, some also include reload bonuses in their welcome package. This bonus works similarly to a deposit bonus, with a certain percentage of the bonus so that the player receives additional money on subsequent deposits made after the first one.
Player Points In those casinos that have a VIP club or any other loyalty program, it is likely that this welcome bonus also includes a certain amount of points with which to start your casino journey.
gold chips Gold chips are those that allow you to bet for free or on special terms in the most traditional casino games. For example, roulette or blackjack. Just as it happens with extra money that is credited to our account. These gold chips are also subject to wagering requirements.
Welcome bonus conditions
Once we know what the components of the welcome bonus are, it's time to talk about the most controversial aspect. We mean the special conditions that casinos impose on welcome bonuses. Considering that with this bonus, the casino gives us money to start playing, it is reasonable for the operator to set a number of conditions so that we can redeem our winnings. The main one is related to the so-called wagering requirement.
The wagering requirement is a figure by which the bonus amount will be multiplied, or even the sum of the bonus and our income. This amount will be the amount we will have to wager in total to get money or profit from the casino if we are lucky. So, the higher the wagering requirement, the harder it will be to reap the benefits of the bonus.
How to use wagering requirements?
To better understand how this parameter works, which is sometimes a bit complicated, we will give you a specific example of how this wagering requirement works. Let's say we make a $100 deposit into our casino account and have a welcome bonus that will double that amount. If we make the appropriate calculations, at the end of the process, we will have $200 in our account to start playing.
Casino welcome bonuses, interesting or not?
Of this amount, 100 is money that is profitable, and the other 100 is money that the casino gives away. Analyzing the casino rules, we learn that the wagering requirement is 40 times the bonus amount. If we multiply $100 by 40 times. We will see how the total wagering requirement is 4000 dollars. This will be the amount that we have to wager in our casino account before we can get our profits back. Obviously, if at any point our casino account reaches zero and we don't get the benefit, the bonus will be deactivated and we won't have to meet any further requirements.
An additional question should be added to the one raised. In the casino rules, we will find two parameters to take into account. First, it is the contribution of each game to the fulfillment of the aforementioned bonus. This means that not all casino games offer the same wagering requirements.
As an example, all slot machines and slot games usually contribute one hundred percent to wagering requirements, while in the case of roulette or blackjack, it is very common for this contribution percentage to be reduced to 50%% or even 10%. The reason for this is that these games have a higher probability of winning, and thus it is reasonable that they contribute less to wagering requirements.
The period of duration
Another aspect we have to consider is time. When we make our first deposit at a casino, it will give us a deadline to meet the bonus requirements. In some cases, this period is one week, while in others it is 2 or even a month. Logically, the more time available to fulfill this bonus requirement, the more convenient it will be for the player.
As a final tip in this section, we would like to point out that these are the general terms and conditions that apply to casinos. However, in addition to the wagering requirements, the amount wagered by each game, and the time, some set additional rules to ensure that wagering requirements are met effectively. Therefore, we strongly recommend that you familiarize yourself with the rules and regulations of the casino you choose to play at. That way, you have a clear understanding of what you have to do to maximize your potential profits.
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Advantages and disadvantages of welcome bonuses
To summarize everything we've discussed so far, we provide below two small lists with the advantages and disadvantages of playing with online casino bonuses today.
Pros:
- The bonus adds extra money to your casino account.
- You also get free spins on some slots.
- These bonuses do not involve an increase in your deposit amount, as they are usually available from as little as $10.
- The process of claiming a bonus is very simple, either by using a promo code or by selecting a specific offer during registration.
Cons:
- You need to fulfill the wagering requirement to claim your winnings.
- Sometimes the timeframe set to fulfill bonus requirements is very short.
- If you like games other than slots or slot machines, you will have to work hard to fulfill the bonus requirement.
- If this bonus includes free spins, they are often played with reduced amounts.
Our conclusions
After everything we've discussed, you should already know how casino welcome bonuses work and their requirements. However, you might still be unsure whether you are really comfortable accepting these bonuses that online casinos are currently offering. If you find yourself in this situation, we recommend that you evaluate your player profile and see if what you are really being offered is enough to meet their rules. These bonuses can sometimes be too demanding, so it is not always wise to accept them. In any case, bonuses are optional and if you don't want to play with them, you can always do so directly with your real money. So there's no problem making the decision you like best.
