Most modern online casinos offer their users a variety of bonuses. In particular, newcomers often receive welcome bonuses on the first deposit.
But what does it give players? Let’s take Cookie Casino as an example. This casino offers very generous bonuses for newcomers. Obtained bonuses can be spent on games or withdrawals, save, buy some services in the casino store.
We will try to explain how casino welcome bonuses work.
Why Do Online Casinos Offer Welcome Bonuses?
You may be wondering why online casinos offer these welcome bonuses. After all, casinos exist to make money, not to give it away. In fact, the explanation is quite simple: casinos basically treat them as a marketing expense. The online gambling industry is extremely competitive, and there are hundreds of online casinos that want you to sign up with them. Offering an attractive bonus is one way to encourage you to do so.
Terms and Conditions of the Welcome Bonus
For the most part, there are no drawbacks to receiving bonuses, but they do have certain requirements that must be met. As a rule, many online casinos have rules for giving and using bonuses that are fairly loyal to the player. However, there may be some restrictions. For example, sometimes you can only use extra chips in certain games, and if you don’t enjoy playing those games, such a bonus will obviously be useless to you.
Domestic online casinos also have their own requirements for using bonuses. That’s why we recommend reading in detail how they should be used. For example, to choose a sign-up bonus, you need to carefully read the terms and conditions of each promotion on the official website. For example, they specify the amount of the wager, which means how many times more you need to bet than the number of winnings to get the reward.
You should always read the terms and conditions of a welcome bonus before you use it. In particular, you should check what the wagering requirements are and which games are suitable for its application. Casinos impose wagering requirements so that people can’t just make a deposit, claim the bonus, and then immediately withdraw it.
Obviously, casinos won’t get any benefit if they allow players to do this, so they include wagering requirements to ensure that they only give extra value to real players. We mentioned above that casinos usually specify how much you have to play before you can withdraw. You will usually have to wager the bonus you receive a certain number of times.
For example, if the wagering requirements are 20 times the bonus and you claim $200, you will need to wager a total of $4,000 before you can withdraw the amount you want. Many casinos also include what are called game weighting factors. This means that certain games only count as a percentage of the wagering requirements. These are usually games with low odds, such as blackjack and baccarat. In some casinos, the bonus cannot be used at all for low-end games.
Benefits of Welcome Bonuses
If you are planning to make a deposit at an online casino and may be risking a certain amount of money, getting a bonus is obviously a positive thing. You are only risking the money you were going to risk, and you just get a little more money to play with. The more chips you have to play with, the better your chances of winning. In a casino, losing is far from guaranteed, and if you’re lucky, you can easily win. With extra chips to play with, this becomes more likely. Even if you end up losing, you can play longer than you would without the bonus, so you will still have some extra value.
