Casino Bonus Offers – Understand Better How They Work With This Guide
- Welcome offers are created to attract new customers
- They vary a lot with different terms and conditions
- This can make them more complex than sports betting offers
- Our article provides a head-start and suggests some offers to consider
It can be quite overwhelming and confusing when looking at the offers casinos provide for new customers.
Most online casinos offer rather substantial bonuses upon registration. However, it is not clear what you need to do to qualify for these bonuses, i.e. how much you need to bet, or when you can withdraw your these funds.
It’s possible to read reviews of casinos, but those affiliated with them are incentivised to rate them highly. User reviews are not representative of all users, as people only tend to leave reviews due to bad experiences.
We’ve decided to take a different approach. We’ll explain how casino offers work in detail, so you are empowered to make your own decision.
All the online casinos listed on this page are UK regulated and licensed, making them trustworthy. You might prefer to find a newer casino, which might have different games or depositing options. If that is the case, you will still find value in learning how the offers work, but you might not find a casino offer best suited to you on this page.
There Are Two Types of Welcome Offer to Be Aware Of
We can start by categorising offers into one of two buckets.
- Offers that do not require a deposit
The casino will provide a certain amount of spins or credit to play with. Sometimes without even asking the user to enter card details in. These are less common, but you can try a casino without any financial outlay.
- Offers that match a deposit with a bonus
When you make your first deposit, the casino will match it with additional bonus money.
This is a very simple approach. Each offer will have differences in terms of the amount of bonus, how to unlock it, and when you can start to withdraw it. We’ll explain all these concepts next. When you learn more about each type, you will better understand which is better suited for you.
What Are Wagering Requirements?
Often, you will have two balances; a cash balance, and a bonus balance. When you make a deposit, your cash balance will added to, and the casino will put your bonus into a bonus balance.
Wagering requirements are the conditions you have to meet in order to withdraw your bonus winnings as cash. In simple terms, how many times you need to gamble the money in order to withdraw it.
Often, this ranges between 30 and 50 times. Wagering requirements are represented in the following format ‘x30’.
Example: William Hill has a wager requirement of 30 times the deposit + bonus. So if you deposit £50, and receive a £50 bonus, you will need to bet £100 x 30 = £3,000 before you can withdraw the bonus as cash. You can withdraw your own cash at any time, but you will lose the bonus.
Other casinos may vary, for instance, you may only have to wager the bonus amount before you can withdraw it. Lastly, there is a limited amount of time available to meet the wagering requirement. This is usually 30 days.
Make sure you read the terms and conditions first to ensure you fully understand the wagering requirements for any offer.
Some Games Contribute More Than Others to Your Wagering Requirement
Another aspect to look at within the offer terms and conditions are the games that contribute towards the bonus. Not all games are equal.
There is a straightforward explanation for this. Different games have different odds.
Hypothetically, a player could take their bonus, and at the roulette table bet on either red or black. Because the odds for the punter are close to even, they would go through their wager requirements with very little risk. This would be maintaining most of their bonus to withdraw.
From the casino’s perspective, there has to be at least an element of risk for them to be profitable. Therefore riskier bets count more towards your wager requirement. Continuing the example from earlier, if you have a wager requirement of £3,000, slots are a good way to hit your wager requirement as they contribute 100%.
Here is the math:
- Slots count 100%. You need to wager £3,000 – £100 x 30 (100%)= £3,000
- Blackjack counts 25% You need to wager £12,000 – £100 x 120 (increased four times) = £12,000
When Can I Withdraw My Money?
We’ve decided to still include this question since it’s the most common question asked.
Hopefully, with an understanding of wagering requirements, you will be able to look at each individual offer and be able to work it out.
You can withdraw your own cash withdrawal at any time. It is the initial bonus awarded, and any winnings won from it which you have to wait to withdraw. To do so, you must first meet the wagering requirements. Even though an online casino will appear to be giving you £100 for free, you might need to gamble £3,000 to receive it.
Casino Bonus Offers You Should Consider
We have picked out ten or so offers that you should consider. These are offers that match a deposit with a bonus. For each, make sure you check out the wagering requirements and full terms and conditions.
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