The online casino industry is a growing one. In recent times, when entertainment and an escape from reality are coupled with the chance of winning real money, the industry has seen positive growth. In this article, we will take a closer look at how a casino welcomes new players, namely through casino welcome bonuses. More importantly, we will look into what is in it for you! How much you really get out of a bonus and what type of bonus gives more bang for the buck.
What are the Welcome Bonuses?
Welcome bonuses are promotions directed at prospective new players to an online casino. These usually offer the new player Free Spins on a popular slot machine (or several) more often than not received in combination with a match-up. There are also casinos that offer No Deposit bonuses. These are bonuses, usually in the form of real money, received by the customer as soon as they register an account. All bonuses come with some terms and conditions often including wagering requirements. These conditions limit how much the new online casino customers can win.
What are the wagering requirements?
Wagering requirements are the requirements placed on the Welcome Bonuses. These determine how many times you have to play through the bonus and money deposited before you can withdraw the funds.
Example: A casino offers you €7 in Real Money as part of a no deposit welcome bonus. The money has wagering requirements of 35x. This means that you need to wager the €7, 35 times before being able to withdraw it.
There are two important things to take note of. One, not all games contribute equally to the wagering requirements. Meaning you can place a bet on a game and only 5% of that bets counts to the 35x. The casino will always provide a list with what games contribute what to the requirements. Two, the lower wagering requirements the better for the customer. Some casinos have adopted 0 wagering requirements this means that all that you receive/win with the bonus is yours to keep.
Which is the best bonus for new casino customers?
This leads us to find the best bonus – meaning finding out what type of offer gives the customer/us the most. Depending on what you are after either Free Spin bonuses or No Deposit Bonuses will give the customer the most bang for the buck.
In the case of Free Spins, these allow the player to try out games that they might otherwise miss out on and while testing the casino they also have the chance to win real money. Another great point of the Free Spins is that their wagering requirements are usually lower than other bonuses’ requirements.
When it comes to No-Deposit Bonuses these might seem like the most attractive bonus option, but they are often attached with high wagering requirements. It is therefore important to always keep an eye on the wagering requirements before accepting a No-deposit bonus. These bonuses are great despite the high wagering requirements because they allow the customer to try out the casino without entering any of their own payment details.
So, what is in it for you? Welcome bonuses give you the opportunity to test an online casino out. You have the chance to win real money without very little to none of your own funds being used. In other words, real money is in it for you.