Welcome bonuses (also known as the first deposit bonus) are a type of promotion offered by online casinos. The main purpose of the bonuses is to attract new players and increase casinos amid fierce competition from other online casinos.
The welcome bonus is usually the best offer you can get from an online casino. Regular players often receive bonuses, but they are not nearly as generous as the welcome bonus. This is because the amount of welcome bonuses is usually so high that casinos do not make money on them. If casinos offer such bonuses all the time, they will not earn any money at all. And this is unprofitable for any business.
Welcome bonuses are usually provided in the form of additional credit, which you can use to play for real money. If you play long enough, you will be able to withdraw this credit.
How do casino bonuses work?
The basic principle of casino bonuses is that you cannot withdraw bonus money if you have not played long enough using it. Otherwise, everyone would just go to the casino, get a bonus and withdraw their money with a good profit.
Wager or rollover requirements force you to play with this bonus long enough to be able to withdraw it. Wager requirements are expressed in how many times you need to play the bonus (25x, 50x, etc.) before withdrawing it. To play the 25x bonus, the amount of your bets must be 25 times the original bonus value. So, for example, if you have a 25x wager for a $ 100 bonus, you’ll have to play 2,500 spins for $ 1 each.
It is important to know that some casinos set the wager requirements for the amount of the bonus, while others set it for the amount of the bonus and the corresponding deposit. If the wager demands 25x for a 100% bonus + deposit, the wager’s claim will be 50x only for the bonus amount.
Note that not all games meet the requirements of a wager with full bet equivalence. Board games such as blackjack or roulette allow you to play only 100% of the bet. Contributions are significantly reduced in many RTP slots (over 97%). Many slots with high volatility either completely eliminate this possibility, or have limited contributions. Always check the wager’s contribution before playing if you want to withdraw a bonus.