Welcome Bonuses: The Art of Maximizing Your Casino Gains
Whenever you see a promotion like the hitnspin no deposit bonus, we suggest that you do not let go of the offer. Bonuses are the best way to maximize your casino gains. As a player, you get more money than you put in. In some cases, like the promo mentioned earlier, you get free money without making any deposit.
One of the most common forms of bonuses is the welcome bonus. Of all the types of rewards that casinos offer, the welcome bonus is probably the one that allows you to get the best value. In this article, we will show you how they work and why you must consider them.
What Is a Welcome Bonus?
Also known as a welcome package – an offer to new players who register for an account in a casino. You can only get the welcome offer once per casino. It also comes as a standard that an IP address can only get the reward once. Otherwise, the casino will consider it as bonus abuse.
The welcome bonus is a marketing strategy. The casino will give the new player some perks that are hard to resist. In all cases, the player must opt-in to the casino reward. Opting in means you are consciously getting the welcome package, and it is also an indication that you understand the rules and regulations that govern the promotion.
The welcome offer is a hook that allows casinos to get more customers. Without it, players will simply go to other casino websites in the hopes they get more value for their money. Today, a welcome offer has become pretty much a standard for all casino sites.
The Usual Welcome Bonus Package
What is the usual bonus package? Typically, casinos offer a deposit match bonus and free spins.
- Match Deposit – the casino will give you free money based on what you deposited.
- Free Spins – you get freespins in selected slot machines.
The match deposit is expressed in percentage values, like 100%, 50%, 150%, etc. This percentage represents the amount of money you get for free based on your deposit.
For example, if the match deposit is 100% of your deposit, and you deposited $100, the casino will give you an extra $100 (100% x $100 you deposited = $100). Now, you have a total of $200 to play with. On the other hand, the free spins are expressed as a fixed number, like 50 FS, 75 FS, etc.
The free spins can only be applied to specific slot machines. For example, if a casino said you could only use the free spins in the Starburst slot machine, then you cannot use the freespins in other slot games.
What is the worth of a free spin? Usually, a free spin is worth the lowest wager for each line multiplied by all pay lines. In essence, each spin allows you to wager on all the paylines of a slot machine, but only at the lowest wager value.
Most of the time, casinos today offer both deposit match and free spins together in one welcome package. In addition, they also offer bonus tiers. For example, you can deposit four times and get free spins and free money four times.
The deposit match bonus has a cap, and this cap refers to the maximum amount of free money you can get. If the welcome offer package says that the cap is $1,200 at a 100% deposit match, it means that if you deposited $2,000, you would only get $1,200 at a 100% deposit match, not $2,000.
Rules That Come with a Welcome Bonus
Casino rewards have rules. For one, you do not get to withdraw your bonus money right away. If casinos allowed that, then all players would just deposit and take their bonuses without wagering.
Here are the typical bonus rules:
- You must meet the wagering requirements.
- One account only per IP address or per household.
- There is a deadline for meeting the wagering requirements.
- There is a maximum amount of money you can withdraw.
The wagering requirement refers to the amount of money you must wager before you can withdraw the winnings from the bonus money. Casinos usually express this in multiplier value, like 30x. If your bonus is $100 with a 30x wagering requirement, you must wager a total of $3,000 before the casino allows you to withdraw.
Welcome bonuses are great because you receive more money than you put in. In addition, more and more casinos are offering free slot machine spins in their bonus package. As a player, you want to be able to maximize your time when you play. In addition, you also want to maximize your money the best way you can. All in all, the welcome bonus is the best way to do both.