A welcome bonus is simply a bonus that you receive upon joining an online casino. It can be a no-deposit bonus or a first deposit bonus. A no-deposit bonus is not very commonly found. On the other hand, a first deposit bonus is a way to go for most of the online casinos.
You get a percentage of your deposit amount as a bonus. In most cases, it’s a 100% return bonus. We’ve seen casinos go as high as 500% bonus as well. But most of the bonuses come with a maximum limit. The limit varies from casino to casino as well.
There is another term that comes associated with the welcome bonus. That’s the wagering requirement. If you have been following the online casino scene, you should know what a wagering requirement is. The wagering requirement is an integer value that indicates how many times you have to play through your deposit in order to get the bonus you are offered.
A wagering requirement of 40x the bonus amount means you have to wager 40 times your initial bonus to convert it into real money. For a $100 bonus, you have to play $100×40 = $4000 in real money to get the $100 bonus. It’s just how things work.
We’ve seen casinos incorporate wagering requirements up to 100x in some casinos. But it’s not that common. Wagering requirement usually ranges anywhere from 20x to 60x. It might apply to your deposit as well. For example, if there is a 20x wagering on bonus + deposit, you have to wager 20 times the bonus and deposit amount combined.
Overall, a welcome bonus is a great way to hook new customers. It’s a major filtering mechanism for players as well. Because a welcome bonus offered by an online casino says a lot about it.
Try some of our recommended casinos to experience firsthand!