How to Get the Most Out of Your New Player Welcome Bonus

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23 June 2016

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To really get the most out of your new player welcome bonus at any fully licensed online casino, we recommend that you start by reading through the bonus terms and conditions before even accepting your bonus. The T’s & C’s will tell you everything you need to know about the bonus offer.

One of the things that many players don’t seem to understand is a policy known as the wagering requirement (also often referred to as the playthrough requirement). This is something that you generally cannot avoid when accepting an online casino bonus and the wagering requirements have to be completed before you can start the withdrawal process. The wagering requirement is basically the amount of cash that you need to wager before you can withdraw any of your bonus winnings.

The wagering requirement can be anywhere from 10x times the bonus amount up to usually no more than 60x times the bonus amount and you also often have to wager the deposit amount as well as the bonus amount. Let’s take a quick look of an example of how the wagering requirements at online casinos generally work.

If you sign up to an online casino that is offering each new player a 100% matching deposit bonus worth up to $/€/£100, it means that you can double up on your first ever deposit up to the value of $/€/£100. There’s no point depositing more than $/€/£100 because the casino will only match your deposit up to £/€/£100. If you deposit just $/€/£20 you will end up with $/€/£40 to play with. If you deposit the full $/€/£100 you will end up with $/€/£200 to play with, and so on.

This particular bonus may come with a 20x wagering requirement attached to it. Therefore if you deposited just $/€/£50, it means that you would need to wager a total of $/€/£1,000 in the casino before you can even attempt to withdraw ($/€/£50 x 20). Having to wager the deposit amount as well therefore means you would need to wager a total of $/€/£1,050 and not $/€/£1,000 before you can withdraw. As soon as you have completed your wagering requirements you can start the withdrawal process.

If you aren’t careful you could end up losing your bonus cash and any winnings that you have made from your bonus. For example you may only have seven days to complete them, but some online casino operators will give you up to one month to complete them. Also, if you get fed up with trying to complete your wagering requirements, you can easily forfeit you bonus cash at any time. This just means that the bonus money will be taken from your account and you will be left with your initial deposit amount to play with.

Tags: online casino, deposit bonus, welcome bonus, new player bonus, bonus cash,
Posted In: Online Casinos, Casino Rewards,

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