Online casinos occasionally run promotions in the form of welcome bonuses, often known as initial deposit bonuses. The primary objective of welcome bonuses is to draw new customers and support the casino’s expansion in the face of fierce competition from rival online casinos.
The best offer in an online casino is typically the welcome bonus. Additionally, loyal players frequently receive incentives, but they are virtually never as large as the welcome bonus. This is due to the fact that welcome bonuses are typically so large that casinos cannot profit from them. Casinos wouldn’t generate any money at all if they continuously offered bonuses with such large percentages. And that’s bad for any kind of business.
Typically, welcome deposit bonuses take the form of additional credit that may be used to play for real money. You can take this credit out if you play long enough.
How Do Casino Deposit Bonuses Work?
The fundamental rule of casino bonuses is that you cannot withdraw a bonus if you haven’t used it for a certain amount of time. Without the bonus, everyone would just walk into the casino, collect their money, and leave with a nice profit—all without ever having to play.
Wagering requirements (WR), also referred to as rollover requirements, are the criteria that make you have to play with a bonus for a certain amount of time before you may withdraw it. The wagering requirements (WR) are stated in terms of how many times you must roll over the bonus (25x, 50x, etc.) before you may withdraw.
It’s crucial to be aware that some casinos list the wagering requirements (WR) for bonuses only, while others list it for both the bonus sum and the accompanying deposit. Therefore, a 25x WR for a 100% bonus Plus deposit is equivalent to a 50x WR for just the bonus amount.
Keep in mind that not every game results in WR with a full bet sum. Table games like blackjack and roulette almost seldom account for the majority of bets. A lot of high RTP slots (RTP greater than 97%) also have declining contributions. Many slots with significant volatility are either excluded outright or have small contributions. If you want to reach the WR and payout on your bonus, you should always check the WR contribution of a game before you play it.
How to Use a Deposit Bonus
Having talked a little bit about casinos with deposit welcome bonuses, we will now look at the most relevant T&Cs to consider when playing with deposit bonuses.
Each bookmaker has its own terms and conditions for you to play with them. We advise you to read this section carefully before registering at one of them to know the conditions under which you are playing.
As we have already said, each room has its own rules, but normally, most of them coincide. Therefore, we are going to describe the general terms and conditions that you can usually find.
In order to access the bonuses, the first thing you need to do is to be a registered member of the online casino.
Before you can enjoy the deposit bonus, the bookmaker has to verify your account to make sure that everything is correct.
Unlocking the Bonus
Normally, you can access the deposit casino bonus automatically once you have completed the registration steps. But sometimes the bookmaker will ask you for a bonus code or to follow certain steps to activate the bonus. Sometimes you will need to contact customer support to unlock the bonus.
It is important that you read the terms and conditions before signing up, as many bookmakers limit the games allowed in this type of bonus. Make sure that the games you are interested in are included in the promotion to enhance your experience.
Online casinos limit this type of bonus to a maximum bet. Therefore, if you exceed your maximum bet, the casino has the right to withdraw the bonus. That’s why it’s important to always read the terms and conditions of each casino and make sure you don’t lose your bonus.
For this type of bonus, there are certain limitations that you have to meet in order to finally be able to withdraw your winnings: Rollover, time and maximum winnings. These are explained in more detail below.
If you have fulfilled all the requirements imposed by the bookmaker and you win, you will be able to withdraw the funds from your account. Please note that some casinos require you to make a deposit before you can withdraw the money. You also have the option to continue playing if you wish.
The wagering requirements for deposit bonuses are usually quite stringent. These types of bonuses require certain minimum wagering amounts in order to be able to withdraw the winnings you have won. The requirement is the number of times you must wager the bonus in order to make the money fully yours.
Another requirement that you must meet in order to withdraw your winnings from the bonus is the time limit. Online casinos set a time limit for you to enjoy the bonus.