Welcome bonus is a creative way of welcoming new members to a casino game –interestingly, they are designed to be attractive and eye-catching, which explains why most players get lured very easily into basking in a free bonus without actually taking some steps to study about the requirements accompanying the bonus. Welcome bonus of a high offer may appear enticing but they can also be a potential recipe for frustration. Many players have had to swim into the trap of accepting a bonus with a difficult wagering requirement, and such a bonus can keep them in the game for an elongated period of time, without any withdrawal. Before feeling overly excited about a jackpot offer, take some minutes to peruse the terms and conditions of the casino site, this will enable you to understand how the operator manages their bonuses, it will also prepare your mind ahead of time on the procedures and requirements for cashing out. Before we look at the terms and conditions, and wagering requirements associated with bonus offers, let’s describe what a best welcome bonus should look like, and their different types.
- What are casino welcome bonuses?
- How do casino bonuses work?
- Types of Welcome Bonus Casino You Can Try
- Best Casino Welcome Bonus in Australia 2021
- Wagering requirements of welcome offers
- Deposits and withdrawals sign up bonuses
- Terms and conditions of casinos
- Free spins or Bonus spins or Extra spins – differences
- DOs and DON’Ts of a Welcome Bonus
- How do casinos make money on welcome bonuses?
What are casino welcome bonuses?
Welcome bonuses are incentives that come in form of tokens, cash, free spins etc, given to new players in an online casino when they make their first deposit. Almost every best value casino offers a welcome offer to their new players, and this is not just a subtle act of generosity, but a business strategy, the bonuses are staged to entice players into playing for a longer period of time. It is the desire of every casino company to grow, and growth happens when players are consistently flooding the site, which means that their site needs to command a certain level of traffic to increase the site ranking, this also means that new members have to sign-up on a daily basis. This is why casinos offer all kinds of bonuses, including referral bonus –these casino bonuses are one effective way of growing an online casino business.
Welcome bonuses are obviously great deal offers, loyal players are liable to winning some other bonuses along the line, but none of those bonus offers can be compared to that of the welcome bonus. Some people feel that casinos are stinger with give-aways, but no online casino wants to spend money on nothing, they can only invest on what will bring them profit in the future. Interestingly, casinos don’t make money from bonus offers; they only make money when a player decides to keep playing for a longer time.
Welcome bonuses are like extra credits given to players which they can use to play for real money. And players will be able to withdraw these credits if they play for a longer time.
How do casino bonuses work?
There is a rule that applies for casino bonuses, and that rule says, you won’t have access to your bonus funds until you play long enough with the bonus credit. This is the strategy casino operators’ use in identifying the real players, because some people don’t appreciate the idea of playing casino games at all, they are only there for the money, period. Think for a second, if this rule never existed, anybody could grab this bonus, withdraw the money and work away without ever attempting a game.
However, there is a condition that pushes players to play for longer times with their welcome bonus funds before withdrawing; this condition is called wagering requirements (WR), or rollover requirements. Wagering requirement is calculated by the number of times a player rolls over a bonus, 25x, 50x etc, before withdrawing.
For instance, before you can roll over a 25x bonus offer, your overall bet must be higher than the initial value of the bonus by 25 times. Illustratively, WR X 25 for a $100 bonus, you need to play 2500 spins at $1 each. Similarly 25 x WR for a 100 % bonus, added to the deposit, will equal a 50 x WR for the bonus amount alone.
Bear in mind that this does not apply for all casino games, the above-mentioned rules are only applicable to mainly deposit bonuses, and however, they can likewise be applied to other types of bonuses in some scenarios.
Types of Welcome Bonus Casino You Can Try
Cashable and Non-Cashable
The casino industry is highly competitive, this prompts casino providers to stage bonus offers of different kinds to gain more players and stay relevant in the competitive landscape. Today we will consider the difference between cashable and non-cashable casino bonuses.
Non-cashable bonus cannot be withdrawn together with your winnings, but a cashable bonus can be cashed out with your winnings. Non-cashable bonus which is otherwise known as the sticky bonus stays with the casino, but the cashable bonus is counted as part of your fund throughout the playtime. It will surprise you to know that non-cashable bonus funds are usually higher than a cashable bonus, and they are used mainly to improve the players playing bankroll, and on the other hand, the cashable bonus has no withdrawal limit amount.
This is why it’s important to verify the type of sign-up bonus you are given before claiming the bonus. Non-cashable bonus is a bit complicated since you can’t withdraw it whenever you feel like. A cashable bonus is a lot simpler because you can withdraw them easily together with your initial deposit, and unlike the non-cashable bonus, there is no such thing as bonus subtraction
Bet and get offers
Bet and get casino bonus are very common to bettors that have once leveraged free bets from sport betting online platforms. This bonus offers are represented this way –Sign up and get £50 bonus when you bet £10
This offer is great for players who don’t want to risk depositing so much money on the first trial. If you are depositing a small amount of money just to test-run the game, then this bonus offer is for you. Bonus offers like deposit matches can be recommended for online players that are ready to put in so much money, since the bonus offer is many times greater than the first deposit.
Deposit match bonus
Deposit Match bonus works differently, in this category new users are immediately matched to a %100 bonus after they make their first deposit. This means that users are rewarded with a 100% bonus of their first deposit. Example when they deposit £100, they receive an extra £100, leaving the total balance at £200. When they deposit £10, they get another £10 bonus, as the case may be. Similarly, if you make deposits that are higher than the figure attached with the bonus, you won’t get double of that amount, but will be given £100, for example, if you deposit £200, you will be given a £100 bonus. A deposit match bonus is usually represented in this style -100% up to £100 or 50% up to £50.
Also, there may also be a code for this special offer, depending on the game provider. Bear in mind that these bonus offers are given as non-withdrawable funds, which means that you can use the bonus to place bets, but they can’t be cashed out. However, the winnings derived from bets made from bonus are subject to wagering requirements, we will emphasize on that in a bit.
Also, deposit match bonus that appears this way — 50% up to £50, means that when you deposit £20, you will be given 50% of your first deposit, 50% of £20 is £10. This means that you will get £25 when you deposit £50, it also means that you will be given a bonus of the same £25, when you deposit £100 or £150.
Also note that users are expected to adhere to the terms and conditions of the site, including the policies that relate to payment methods, and time restrictions.
Best Casino Welcome Bonus in Australia 2021
If you are searching for a great casino welcome Bonus in Australia, you are in the right place. Find below our latest list of best casino welcome bonus in Australia, to help you decide which one to opt for:
Wagering requirements of welcome offers
Wagering requirements is the rough part of claiming any kind of online casino bonus. This same subject have raised so much controversies in the industry, Operators have been heavily criticized for attaching huge wagering requirement to the bonus offers they give their customers. Due to various complaints from customers, some providers responded by lessening these requirements, although wagering requirement is still a major part of most welcome bonuses.
For instance, when an operator offer her customers a bonus funds of £100, with terms and condition of 10x wagering requirements, it means that the user will have to deposit money, and keep playing until he attains 10x the deposit amount, implying that if the user deposits £100, he will have to keep depositing and playing until he is able to reach £1000 mark before he can be allowed to withdraw his winnings, including the winnings he got from the bonus offer. From these deductions, we can say that the different terms and conditions instilled by different operators contribute hugely to what makes bonus offers complicated.
We recommend that you get a bonus offer with a less complicated wagering requirement, some casinos have lowered their wagering requirement for their players, and we encourage our users to hook up with such casinos.
Deposits and withdrawals sign up bonuses
Operators offer different Deposit amounts, your deposit amount is hugely determined by the operator and the promotion itself. If you need to deposit funds in your casino account, kindly consider these restriction policies. Bonus offer comes with their unique criteria, an offer can state that a minimum of £10 is required; this means that the bonus will not reflect until the user makes a deposit of to £10,
There is also a required minimum and maximum withdrawals, the majority of online casinos have withdrawal limits that users can’t exceed. Ideally, you can cash out less down the maximum amount, and some withdrawal fee might be demanded. However, we recommend you visit the terms and condition page before performing any transaction.
Terms and conditions of casinos
A lot of people ignore the terms and conditions page, but that’s actually where most of the instructions they need are hidden. You don’t want to spend all your time playing and winning great prizes only to realize you can’t withdraw your winnings as you anticipated. You really don’t want to go through that sort of frustration, it’s almost like collapsing a house that took you painstaking months to raise up only to start from scratch. Make sure you read and understand the terms before taking any further action on the site. The terms and conditions are one of the easiest things to find on a site, you can find the link to the page on the header or footer of the site.
Free spins or Bonus spins or Extra spins – differences
Free spins are common for casino players within the UK region. However, a promotion that offers free spins won’t really need to make huge deposits, neither will it need a wagering requirement.
Although free spins comes with its own restrictions. For instance, you might see something like this –Deposit £10 and get 30 free spins. Free spins to be used within 7 days. Game restrictions apply
According to this offer, a deposit of £10 will attract 30 free spins, which can be used on some specific games. And don’t leave out the terms and conditions because that’s where you will find information about the payment.
DOs and DON’Ts of a Welcome Bonus
These few tips will help you understand what you should do and what not to do as a new player in an online casino.
- Claim your Welcome Offer and Free Spins
- Figure out the wagering requirements associated with the offer
- Study the Terms & Conditions before accepting the bonus
- Check out the FAQ or contact the support if you require more info.
- Deliberately refreshing your memory about the max bet allowed with bonus money
- Spending the money you need to leverage the bonus
How do casinos make money on welcome bonuses?
Most casinos don’t really make money offering welcome bonuses, welcome bonus is more or less like an investment casino operators make, because when a player is offered a bonus, he finds reason to keep playing, and the more time they spend on the game, the more they deposit more money, because the bonus will get exhausted one day and they will have to make more deposit to stay on the game. One way or the other, money will return to the casino at the end of the day.
The deposit bonus given to players is more or less like the investment casino operators make to grow their casino. This explains why they attach conditions and policy to these bonuses, because they are careful not to lose at both ends. The conditions and policies help to ensure that each bonus generates more funds for the casino, this is why they are configured in ways that can’t be abused.
How to Get Started With Welcome Bonus Online Casino
Some welcome bonus comes with the first deposit you make in your casino account. Welcome bonuses come with their unique conditions, so before even acquiring any bonus, visit the terms and conditions of the casino to understand the requirements of the bonus.
How to Find the Best Casino Welcome Bonus
Good welcome bonuses come with easy terms, they are configured in ways that players don’t get frustrated in the process. You can identify nice welcome bonus just by viewing the terms and conditions associated with the bonus
How to Use the Best Online Casino Welcome Bonus
A casino welcome bonus can be considered one of the best when it has fair wagering requirements, and when the terms do not place players in undue pressure. This sort of bonus is to be applied cautiously, by adhering to the rules of the game.
How to Rate the Casino with the Best Welcome Bonus in Australia
Run a proper assessment of the site, to know how much bonus they offer, and how it has improved the players. We can rate casinos through their services to the player and how they have carefully managed a good number of players. When a casino is offering a good bonus, more people will be inspired to sign up.