A Guide to Using Welcome Bonuses

19th August 2022 by admin

A Guide to Using Welcome Bonuses

Introduction

Online gambling is one of the most popular entertainment options for many people. This is mainly because they are able to enjoy gambling games and earn some money by winning these games. Moreover, gambling or gaming sites offer different varieties of bonuses to the players. These bonuses are a great way to enjoy gambling without spending much money from your pocket. Though most bonuses are highly appealing to the customers, they also have hidden clauses, when it comes to using the bonuses. Hence, it is important for any gambler to understand what the bonus types are and how to use them.

What Are Welcome Bonuses?

When new players register or make initial payment at the gambling site, a bonus is offered to them. This bonus allows the player to try the different gaming or betting options on the site. These bonuses are called welcome bonuses. Obviously, these bonuses are offered to lure new players to the site and to make them pay the deposit money to play the real money games at the site. They are also known as sign-up bonuses. There will be a limit on the maximum amount you can get as the welcome bonus. Furthermore, a player will be able to claim this bonus only once from a gambling site. There are different types of welcome bonuses offered by online casinos or betting sites. To know how to use the welcome bonuses, first, you need to understand the different types of welcome bonuses.

Types of Welcome Bonuses 

The most common types of welcome bonuses offered by online betting sites and casino sites include no-deposit bonuses, deposit bonuses or matched bonuses, Free Spins, and cash-back bonuses.

No-Deposit Bonuses

These are welcome bonuses that are available to the new players, without even making any deposit at the site. Definitely, the value of these bonuses will be very low, usually; it will be around $5 to $10. But, they are the best options to play games at casinos without risking your money. Players can use this bonus to try the different games which they would like to play for real money.

Deposit or Matched Bonuses

These are the most common types of bonuses offered by online gambling sites. This bonus gets activated when the player registers with the site and makes the first deposit. The bonus will depend on the deposit amount made by the player. For instance, if the player makes $100 as the first deposit, the casino will match the amount and give an extra amount of $100 to play the titles at the casino. However, most of the sites will limit the bonus money to a certain amount. If the casino bonus is giving 100% up to $100, even if you bet for more than $ 100, you will receive only $ 100 as a matched bonus.  

Free Spins

These are mostly available with online slots. Certain casinos also combine matched bonuses with free spins. In this type of bonus, the players can enjoy free spins on the most thrilling slots available at the casino. Mostly, these free spin bonuses are valid only for a few days and in some specific casino games. There are sites that offer 20 to 100 free spins as welcome bonuses depending on the first deposit made by the player. There will be a maximum limit for winning money if you use a free spin bonus. It is better to look for free spins with no wagering requirements if you want to withdraw all your winning money.

Cash Back Bonuses

These are risk-free bonuses that help the player to place bets without risking their money. But, cask back welcome bonuses are rare. In this type of bonus, the player will get back the losing stake as the bonus. This will ensure that the gambler will not lose money even if they cannot win. Moreover, the player will be able to bet again using this money. It should be noted that you need to bet for a minimum amount to be eligible for this welcome bonus.

How to Use Welcome Bonuses?

Though welcome bonuses are an advantage for the new players to try out the games at a casino, there are certain terms and conditions when it comes to utilizing these bonuses. It is of utmost importance for the players to go through the rules for using the bonuses before signing-up at an online gambling site. These rules may vary from casinos to casinos. For example, free spins bonuses can be used only for specific slot games or the players require to play certain types of games before they redeem the bonuses. In some other cases, there will be specific wagering requirements a player needs to fulfil in order to be eligible for making a withdrawal. Here are the guidelines for using the welcome bonuses.

  • If you have a no deposit bonus, the cash will be credited to your casino account immediately after you register or sign-up at the site. You just need to click on the button provided at the site to avail the welcome bonus. There is no need for you to make any deposit at the time of registration or later.
  • There will be an expiry period for the free spins and within this period the player should use the free spins. Usually, the sites will give 7 days after they register at the site or after making the first deposit in the case of the first deposit bonus.
  • Your no-deposit bonus money cannot be withdrawn from the wallet or transferred to your bank account. You can only spend it on playing the games available at the casino.
  • If you win money by playing the game using this bonus amount, you will be able to withdraw a part of it after a certain period as decided by the casino.
  • In the case of bonuses with a wagering requirement, you need to wager a certain number of times or for a specified wagering amount before you will be able to use the bonus money. For instance, if you have $10 as a welcome bonus from the casino and if it has a wagering requirement of 20x, then only after wagering for an amount of $200, you will be able to withdraw the winnings. If you fail to fulfill this requirement all your wins and bonuses will be lost.
  • It is necessary for the players to fulfil the wagering requirement within the time period offered by the gambling site. If the player doesn’t meet the wagering requirements within the time frame, it will result in forfeiture of the amount won using the bonus.
  • If you want to use the welcome bonus offered by a particular casino it is better to go through the promotional terms and conditions of the casino or to use the live chat option provided by the casino to know about it.

Tips to Get the Best Out of Welcome Bonuses

  • Know what games are being offered and the wagering requirement for the particular bonus.
  • Select casinos or betting sites that offer various types of games and betting with no- deposit bonuses. So, you will have a reasonable chance of using the bonus without wasting any money.
  • In case you want to use the bonus on slots, always go for slots that have low volatility. Such games offer payout frequent small wins without damaging your bankroll much.
  • It is easier to achieve wagering requirements through low volatility games.
  • Selecting games with a lower house edge, like Blackjack, gives a better chance of increasing your bankroll.
  • When looking to play using bonuses, select casinos which are reputed and certified. Select casinos that offer the best customer experience.
  • Always use the free play mode or the demo mode in slot games before you wager with real money. This will give a real feel of the game without risking any money.
  • Use bonus comparison sites to understand which bonuses are the right ones for your playing needs.

Benefits of Using Welcome Bonuses

  • If you are a punter interested in making risk-free profits, welcome bonuses are the right option for you.
  • You can try different casinos using the welcome bonus offered by them and select the right one according to their gaming or betting needs.
  • New members to the site can get an experience of online gambling using welcome bonuses.
  • You will have some extra money to play games.
  • Your winning odds will be increased with extra money to pay for.
  • Player gets to win real money using free bonuses.

Conclusion

To summarize, using a welcome bonus to try your luck at a betting or casino site is a good option. They are highly advantageous to novice gamers and bettors. However, you need to find the best bonuses by comparing the different bonuses offered by the different casinos and learn about the eligibility criteria and wagering requirements before you try to use them for gaming. Welcome bonuses are an excellent solution when you do not want to risk your money for gambling and to win big money. However, at all times, remember that big bonuses are not always the best, even lower value bonuses can help you win big money.

Latest News

19th August 2022

WelcomeBonus.co BeGambleAware DMCA.com Protection Status