We all are on the lookout for the best welcome bonus available in the market when it comes to joining an online casino. As they can be a great way to boost your bankroll and give yourself a better chance of winning.
In fact, according to industry standards, over 90% of online casinos are offering welcome bonuses today to attract new players.
So, in this read, I will be sharing my personal experience with the Verde Casino bonus com. Along with how you can effectively benefit from the welcome bonuses offered by online casino websites.
Let’s start!
What Is a Welcome Bonus Offer?
As the name suggests, a welcome bonus is awarded to a player for joining an online casino. This is often used as a platform promotion to attract more and more users to the platform.
There are different formats in which the bonus offers are usually awarded, such as in the form of bonus cash or free spin. In some instances, it is awarded as a combination of both, although this is mostly something that big casinos with massive player bases can afford.
Do You Know?
According to the global online gambling market is expected to hit a staggering valuation of USD 164.53 Billion By 2033, with a CAGR of 6.85% from 2023 to 2033
How Are Welcome Bonuses Awarded?
There are basically two ways in which a welcome bonus is usually awarded in an online casino, here take a brief look at them:
This can be offered in a batch, i.e., you can claim it one time. Once you’ve made your deposit, the bonus is credited to your account and that’s it.
Other than that it can also be shared in several sessions, i.e., instead of one deposit, it is spread over the first four, five, or even ten deposits you make at the casino.
Claiming the bonus first is simple and easy. You simply need to meet the minimum standards, and the offer is yours. However, when it comes to the second one, there are few points that you must keep in mind before claiming the actual offer.
For instance, you can only claim one offer at a time. It means you cannot claim the first match deposit bonus and then proceed to the second before meeting the set wagering requirements for the first bonus.
Important Terms and Conditions for Welcome Bonuses
In the past, taking bonuses was a much more easy and straightforward method. All you needed was to sign up with a casino platform and claim the bonus that they are offering.
However this straightforward method emerged with potential challenges. Most of the bonus hunters came, often, to join the platform just to claim the bonus and without leaving without spending much of their money. This posed a challenge to online casinos and made them start recording losses on their books.
Introduction of Wagering Requirements
So, to deal with those bonus hunters, these platforms introduced a tough wagering requirement to their promotions. Players can only withdraw their bonuses after properly settling their wagering needs.
Also known as rollover requirements, wagering requirements are a number that shows how much money you must spend before withdrawing/using your bonus. This is usually expressed in a number format with a multiplier sign. For example, x20, x25, x35, x50, e.t.c., e.t.c.
A x20 wagering requirement on a $100 bonus means you must spend $2000 in real money before cashing out or using the offer. So, the higher the wagering requirement would be, the more money you would spend on the platform and the more difficult it would be to claim the bonus.
Bonus Expiration
You don’t have all day to claim/use the bonus amount. Some online casinos will probably give you a few days to claim the offer. If you fail to do this, the bonus is immediately refunded. If you claim it, you have a few days to ensure you meet/satisfy the wagering requirements. Failure to do this will automatically forfeit the offer.
Withdrawable vs. Non-Withdrawable Offer
Not all welcome bonuses can be cashed out from your account. Some of the offers can only be claimed and used to play casino games on the platform, which is usually referred to as a sticky bonus.
Non-sticky offers, on the other hand, are independent of the deposit you make at the casino. You can cash them out as soon as you fulfil all of your wagering requirements set by the casino.
The Bottom Line
In closing, a Welcome bonus is one of the finest ways to kickstart your online casino journey. And, this is why it is often advised to have a proper understanding of all the terms and conditions and wagering requirements to maximize your winnings. However, it’s crucial to choose a reputable online casino that is known for its transparent bonus policies.
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