Casino Welcome Bonuses – What It Is and How Does It Work

Today, almost every online casino offers players an exclusive and original welcome bonus system. The size of welcome bonuses varies from very small to very generous. Each online casino has its own bonus program, which attracts different types of customers.

First of all, we need to clarify that bonuses are not a charity. A player cannot withdraw “free” money from the account until the bonus has been fully won back under the conditions of the wager. The wager is the number (a certain amount of times) that determines the value of the total amount of bets, after which the bonus will be considered to be won back.

Understanding the meaning of this definition is much easier with the following example: if a player received a $ 100 bonus with an x10 wager, to determine the value of a total amount of bets, he needs to multiply the bonus amount by the wager (100 x 10 = 1000). Accordingly, under the terms of the online casino, the player must make a certain number of bets totaling $ 1,000. The total amount of bets is the total amount of money the player has bet throughout the game, and it does not matter how many bets he won or lost.

No deposit welcome bonuses are the most attractive type of bonuses, as customers do not need to make a deposit to receive them. Basically, no deposit bonuses are offered to new players, aiming to encourage them to open a new account in the casino. The main advantage of this type of welcome bonus is that the client, without risking his own money, gets the opportunity to play for real money. However, there is one significant drawback – it might be very difficult to withdraw the amount won back from the account.

In order to win back a no-deposit bonus, you would probably have to fulfill difficult wager conditions. Often, you would need to make a lot of bets for an amount exceeding the bonus in a short amount of time and only in a certain group of games. If the client has won back the no-deposit bonus completely, without violating the conditions, then he is not allowed to withdraw money from the account immediately. These facts clearly demonstrate that online casinos try to be cautious against bonus hunters but still seek to keep and attract new customers.

One of the most common types of welcome bonuses is the one that is given to players after the first deposit. This may be a fixed amount or a certain percentage of the payment made before. The amount of the fixed bonus and the amount of the minimum deposit that the player must make to his account is indicated in the bonus program conditions. Each casino can set its limit, indicating the minimum and maximum amount of the possible deposit.