Welcome bonuses are attractive for all new players at online casinos that haven’t registered before. These bonuses are called welcome bonuses for the obvious reason: they’re made to welcome you to the online casino. They offer you the possibility of receiving bonus money so that you can discover the online casino at your leisure. They also offer players the ability to bet higher and thus win higher, than if they only played with only their deposited money.
Welcome bonuses come in different shapes and forms; from no deposit, to deposit, and free spins to bonus money. An example of a welcome bonus might be 10 no deposit free spins after registration, and 100% up to $€ 200 plus 40 free spins after your first deposit. Since the welcome bonus is a percentage of what you deposit, plus what you deposited, your balance is much higher.
A welcome bonus can be made up of a registration bonus (such as no deposit free spins), a deposit bonus (such as 100% up to $€ 200), or even multiple deposit bonuses (the total maximum bonus amount spread over multiple deposits). In the last case, you may receive bonus percentages on top of your deposited amount for your first three deposits, instead of only your first deposit.
Players who enjoy betting with lower risks, but higher bets often choose to make use of the welcome bonus. Through the heightened amount of your deposited and bonus balance, your balance limits are higher. Thus, you can bet higher than you originally would, if your balance was lower. If you have a welcome bonus of 100% up to $€ 200 and you deposit $€ 200, then you would have $€ 400 on your account in total.
Free Spins Bonus
With a free spins bonus, you will receive a certain amount of free spins, with a determined betting value on a certain, or multiple slots. These are often found to be on Starburst, or relatively newly released videoslots. The wins that you make will then be added to your account. So if you receive 50 10 free spins, and you win $€ 18 from these spins, then that is added to your account; you don’t lose or use any of your own money.
No Deposit Bonus
A no deposit bonus can also be part of a welcome bonus, especially after a registration, but always before you deposit. These are generally free spins, but sometimes even bonus money. This means that you can play and win without actually having to deposit anything on your account.
High Roller Bonus
A highroller bonus is specially created for players that enjoy betting higher than most players. Since these players need a higher balance to compensate for the bigger losses they might make before making up for it again with big wins, they receive a percentage to a higher amount. An example would be a highroller bonus of 100% up to $€ 2,500. These often do have a minimum deposit amount, such as $€ 1,000, in order to be able to apply for this highroller bonus.
Is a Welcome Bonus Completely Free?
Yes, and no. While most bonuses have a wagering attached, these can be lifted by completing the wagering, which means that your bonus money become real money on your account. The wagering of a bonus entails how many times the amount that you deposited needs to be bet before the bonus money becomes real money. So if you deposit 100 euros, and the wagering is 25 times, you would have to have bet $€ 2,500 before you can withdraw it. While this may sound slightly alarming, don’t forget that bonus money also increases your balance, so you can deal with losses more easily than without bonus money.
Some bonuses are even wagering-free. This is often shown quite clearly, and means that the money that you receive (often from free spins) are immediately real money. So you could, in theory, immediately withdraw your wins, or bet it on games that don’t count towards wagering.
Bonus Money vs Real Money
Do keep in mind that you usually can’t use your bonus money on all casino games. Most videoslots are used 100% for wagering, but some videoslots may be excluded. Table and slot games often have a lower count to you wagering. So if you bet 1 chip on roulette for example, it will only count as half for your wagering requirements. Live casino can also be excluded from bonus money, since you mostly need to use real money in the live casinos.
Another thing to keep in mind is that you usually can’t withdraw any money unless you have completed your wagering, if you have accepted the welcome bonus. Some casinos do however allow you the ability of withdrawing while you have accepted the bonus, though you can only withdraw your real money bonus (what you deposited), and not your complete balance including your bonus money.
While almost all online casinos offer new players the possibility of accepting a welcome bonus, some do require a bonus code. Others may ask for you to activate your welcome bonus by choosing the welcome bonus option during your first deposit. A handful of casinos may even automatically add the welcome bonus to your account, though these can naturally be removed by getting in touch with the live chat. The welcome bonus is always a privilege, not a necessity.