The gambling industry has become increasingly competitive due to the emergence of new online casinos on nearly a daily basis. This has forced these casinos to employ aggressive marketing strategies in order to win a fair share of the market available. The traditional methods of offering excellent odds and advertising are no longer good enough. Online casino marketing has gone a notch higher with the introduction of welcome bonuses that lure more customers.
A welcome bonus is a prize bonus given for simply registering or signing to a casino. It is given to new members who are signing up for the first time. The loyalty bonuses are present for the seasoned players, therefore, you don’t have to worry if you missed out. This bonus is also called a Sign Up or a New Player bonus in some casinos.
These bonuses are given as percentages, and they can be as low as 10% and as high as 500%. It is always dependent on the amount of money you deposit the first time. This basically means that if you deposit $50, and it is a 100% bonus, then you get an additional $50 to play with. This 100% welcome bonus is also referred to as a Match bonus. Normally you get to use up the bonus first before starting to play with your deposited money. Hence they give you a chance to get acquainted with the game and experiment as much as possible.
It is important nowadays to check the welcome bonuses of various online casinos before registering. This enables you to choose the casino with the highest bonus and excellent terms and conditions. Perhaps checking the possibility of cashing out on these bonuses.
Other Welcome Bonuses for Slot Games
- 100% Bonus. This is also referred to as the Match Bonus. You get an amount similar to the amount you deposited. For instance, if you deposit $10, you get another $10. This is the most popular one given by most slot games casinos. Some of the casinos with a 100% reward are 888 casino, Slots Million, PartyCasino, Betser, Videoslots.com, Freaky Vegas, Betway, Royal Panda, Loki Casino, Betsafe, Bet 365, Betat, Slotty Vegas, Paddy Power among others.
- 200% Bonus. This one gives you double of what you deposited. If you deposited $50, you get an extra $100 to play with. The casinos offering it include: Winning Room, Spinland, Pokerstars, LeoVegas, Sir Jackpot, Casumo, Power Spins, BetVictor, JoyCasino, SpinJuju and Casino Pop.
- 300% Bonus. This one gives you a reward that is three times you deposit amount. If you deposit $50, you get an additional $150 hence you can play with $200. OrientXpress Casino offers this welcome bonuses.
- 400% Bonus. This one quadruples you deposit amount. You get an extra $200 if you deposit $50, hence you are able to play with $250. This one is offered by Jackpot Strike and Casino Superlines.
These bonuses, however, have a certain deposit limit. For example, a casino could be giving a 100% bonus for up to $50 and 200% for up to $100. It is important to be aware of these deposit limits to avoid missing out on these bonuses. This is one of the considerations that people overlook costing them their prize.
Welcome Bonus Wagering Requirements
These casinos are quite generous with the welcome bonuses, but they use the wagering requirements to minimize losses from these bonuses. The wagering requirement is the amount of cash you will need to bet or wager so as to get the winnings from your rewarding games. You only cash out on the bonus or its winnings after meeting the wagering requirements. You will often lose your bonus if you attempt to withdraw cash before meeting these requirements.
How does this work? For instance, if you have gotten a $50 bonus with a ×50 wager requirement, you have to bet a total amount of $2500 in order to cash out on your winnings. The winnings are normally removed from your balance to the Main Cash balance which allows you to do anything you want with it.
Slots Welcome Bonus Withdrawing
There are two types of welcome bonuses: Cashable and Non-cashable. The cashable bonuses are the ones that enable you to withdraw after meeting certain terms and conditions while the non-cashable bonuses cannot be withdrawn. It is important to select a casino with cashable welcome bonuses so as to stand a chance of winning real money from the bonuses. How do you withdraw the welcome bonuses?
In nearly all the online casinos, it is impossible to get the prize money on a silver platter. You have to work to earn it. The former would be a charity business which would run the casino to bankruptcy in a short while. You have to meet the wagering requirement in order to withdraw the bonus and its winnings. These requirements coerce you to use some money and test your luck before getting this money.
Most casinos have a time limit for you to meet the wagering requirement. For instance, a 50× wagering requirement within 7 days. This means that you have to do it in the specified number of days after which the probability of getting real money from bonuses is null. These are the conditions to look out for when shopping out for lucrative welcome bonuses:
- Value of the bonus;
- Wagering requirement;
- Time limit;
These three have to be incorporated in order to gauge your probability of cashing out on the bonuses. A high value bonus with an impossible wagering requirement and time limit is useless. You would rather go for a relatively lower one with a reasonable wagering requirement. There are various payment methods that are used in casinos to either deposit or withdraw money. They include:
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All these are viable methods, therefore, it is important to check whether your preferred casino has a suitable payment method for you. The most common ones across all casinos are the debit and credit cards and the popular e-Wallets such as PayPal, Neteller, and Skrill. You will definitely find these in nearly all reputable casinos.
Free Spins and Jackpots
Free spins are also popular marketing strategies used by many online casinos. If you are smart enough, you can initiate a bankroll and increase it slowly using these free spins. Most casinos give 25 to 50 free spins as a welcome bonus, and they can kick start your gambling career on a high note. You can also get a welcome bonuses plus free spins in some casinos.
However, they also have terms and conditions which must be met in order to cash out on your winnings. Amazingly, some casinos offer free spins on signing up even without making any deposits. You should weigh your options and select the best offer.
The jackpots are arguably the most attractive features of any casino game. They are normally high and displayed in large, conspicuous fonts that you will certainly notice. You should always set your timings rights and bet on these jackpots when they are likely to give you a win. Most of them are biased to give wins at a particular amount of money, and this is what you should look for.
These are some of the most popular casinos and their welcome bonuses. The reputation of a casino is the most important factor to consider before evaluating the bonuses. This is because the outcrop of online casinos has opened an avenue for fraudsters to create con casinos. These are among the best:
- Slotty Vegas: 100% up to €500;
- Kaboo: 100% up to €100;
- BetVictor: 200% up to £200;
- Royal Panda: 100% up to €300;
- William Hill: Bet £10 get 30;
- Casumo: 200% up to €50;
- BetAt: 100% up to €500;
- Slotty Vegas: 100% up to €500;
The most critical moment of gambling online is choosing a casino. The credibility matters a lot because some casinos have in the past disappeared with people’s hard earned money. Can you imagine the agony? These welcome bonuses can be extremely attractive overshadowing the urge to seek credibility.
The bonuses are obviously displayed conspicuously hence you will always see them even if you catch a glimpse. The next thing should be to check the terms and condition in order to gauge the possibility of cashing out on them. Lastly, you should read the casino reviews to ensure that you are getting into a good arrangement.
This is all you need to know about the welcome bonuses of various online casinos. This is a superb way of flourishing from the growing competition in the gambling industry. The online casinos have also stepped up their game and introduced conditions that will minimize their losses through this marketing attempt. Hence, it is important to be aware of them and outsmart the casinos by reading these terms and choosing the casino that gives you the highest probability of cashing out on the bonus wins.