Online Casino Welcome Bonus Explanation
People are always on the lookout for the best online casino welcome bonus around. Casinos know this, and they make their welcome bonus (or first-deposit bonus) a key feature of their advertising and the home page of the Casino website.
With the online Casino market being so saturated, there is a huge of choice of betting sites. Potential customers know that the games offered tend to be the same. So, while there is some variety between Casinos offerings, the main difference is what they offer in terms of incentives.
We’ll talk about Welcome Bonuses in general here and how to get the best out of them. We’ll tackle ongoing incentives in another article.
Before starting we’d like to stress that trying to scam or con Casinos using the first-deposit bonus is a total waste of time. We don’t condone it and prefer to use strategies and tips to beat the casinos.
Rest assured every type of scam has been tried before on Casinos and they are all experienced enough to spot them.
In this article, I will cover:
Casino Welcome Bonus Introduction
In your quest for the best online casino bonus you may be swayed by the sheer size of the number quoted. You can see in our Casino list that you get the full range from £10 to £8888. Free spins are common too. From 5 spins to 500 are available.
Even “no deposit” bonuses are available at some online Casinos.
In my opinion, no deposit cash, or spins is usually a waste of time as winnings can’t be withdrawn. Most Casinos have a “demo mode” for their games anyway, which is essentially the same thing.
It may seem obvious to go for the biggest number of £’s or spins. That’s what they are hoping for. But you need to understand how most Casino bonuses work to help you get the best out of them.
First Deposit bonuses tend to be of the “match” type. That is, they match your deposit up to a limit usually by 100%. So, if you deposit £100 you get a £100 match bonus added to your account. Giving you £200 to play with. Occasionally you may see a 200% match bonus which is pretty rare.
With Casino Slots being so popular, there is a big choice of free spins too. Again, you tend yo get 1 spin for every £1 deposited up to a limit.
So, if you see a Casino advertising a £1500 Welcome Bonus, then you know you would most likely have to deposit that amount to get it.
Casino Welcome Bonus Terms
The point of these bonuses is really to get customers to sign-up (obviously) but also to give you more money to play with in your first visits to the Casino. The point isn’t to give you free money. But the more you have to play with, the better your chance of winning big.
Before you jump online and sign up, you need to investigate the Terms & Conditions of the Bonus.
Pay particular attention to the “Wagering Requirements”, the “Weighting” of games and any “withdrawal limits”.
Casino Welcome Bonus Wagering Requirements
The wagering requirement may be called the “playthrough” or “turnover”. It describes how much you have to bet before you can withdraw any of your bonus payment.
You can see wagering requirements ranging from 10x (ten times) up to 100x. Clearly the bigger the wagering requirement, the less likely it is you will have any of your bonus left to withdraw.
Also make sure you check if the wagering requirement covers the bonus amount or the deposit AND the bonus.
Example – if you deposit £100 and get £100 first deposit bonus with a 20x wagering requirement, then you would need to wager £2000 (£100 x 20) before withdrawing. But if the wagering requirement covered the deposit AND the bonus you’d need to wager £4000 (£200 x 20) before withdrawing.
Casino Welcome Bonus Terms Weightings
The “weighting” is how much each game contributes to the wagering requirement.
Normally slots contribute 100%. So, £1 bet on slots counts as £1 towards the wagering requirement. But a game like Video Poker may only contribute 10%. So, a £1 bet on that would only contribute 10p towards the betting requirement.
Casino Welcome Bonus Terms Withdrawal Limits
Withdrawal Limits on Bonuses are rare. Generally, they aren’t needed but you do sometimes see them especially on “No Deposit” online casino bonus offers.
So, they might offer you £10 no deposit bonus but say the maximum withdrawal (after wagering requirements) is £20. Keep an eye out for that. There is nothing more disappointing than thinking you have won a lot of money “for free” and then discovering you can’t withdraw most of it.
Most online Casinos do, however, have a minimum withdrawal limit (usually £5 or £10). So, if you want to withdraw £2.50, you are out of luck.
Casino Welcome Bonus Changes
Recently OJO Casino have pioneered a new trend of not having wagering requirements on bonuses. They give their welcome bonus in slots spins and whatever you win is cash. You can withdraw or play on. Your choice.
A few other Casinos have followed suit, and this may become more popular.
All British Casino have been doing a 10% cash back on all slots spending for a while. This has made them very popular and i think that will spread too (see our review).
Casino Welcome Bonus Summary
Now you are up-to-speed on how the online Casinos operate their Welcome Bonuses. So, you can join up and make the best decision, making sure you check out the Terms and Conditions first.
You can check out our list of Casinos and Welcome Bonuses available.
Good Luck Everyone