As the name explains welcome bonus, is given for the first deposit of the new registered users in the online casinos websites. Nowadays there are hundreds of thousands of online casinos, all of them having one common goal which is gaining more players in their website. To get their goal the they are constantly in compete with each other. Making better and better bonuses for us the players. The biggest bonuses by amount are the welcome bonuses. This applies in every online casino. Usually for first deposit new users can get up to 150 % of their deposit plus in addition to this they can get from 100 up to 150 free spins. The welcome bonus is given only once by the online casino website, to get the welcome bonus you need to make your first deposit and before you use your balance you need to claim your bonus.
Common Rules for Welcome Bonuses
One of the common mistake that is made by the users is that before they claim their welcome bonus they use their balance after that want to get the 150 % or 100 % + the specific numbers of free spins given by the online casinos. If you use your balance after you make your deposit to the online casino website you can’t use the welcome bonus. You should always be careful and read all the bonus terms and conditions for all the bonuses in all online casino websites. Definitely before you claim your welcome bonus, don’t use your balance.
Welcome Bonus Wagering Requirements
All bonuses have their own wagering requirements. As the amount of the bonus is getting bigger the amount of the wagering will be bigger as well. So because the bonus amounts for welcome bonuses are having very high percentages the wagering requirements are not as the wagering requirements for normal deposit bonuses. Usually the wagering requirements for welcome bonuses go up to 40 times the amount of the bonus.
Example: If you deposit 100 $ and get 150 % welcome bonus your balance will be 250 $. In order to prevent frauds and don’t bankrupt the online casinos ask for the wagering. If we say that the wagering requirement will be 40 times only the amount of the bonus you will get you will need to play at least 6,000 $ of online casino games. This way you will have finished the wagering requirements and you can withdraw your money.
Contribution Rates of Wagering Requirements
Not all the games in online casinos have the same system, some games can make you 2 times profit of the amount you will bet, some 10 times and same even 1000 times. So this is why there are Contribution Rates for wagering the bonuses. For example in some casino the contribution rate for roulette might be 15 % for slots might be 50 % all this varies from bonus to bonus and the online casinos terms and conditions for certain or general rules for all the bonuses.