All online casinos offer welcome bonuses that aim to attract new players and award them for joining and making a deposit. However, what’s marketed on the surface and what these bonuses truly offer are two different things, so you should be careful when choosing an online gambling platform, especially if you’re comparing welcome bonuses.
Every gambling site with a bonus for new players also features a Terms and Conditions section for that bonus, where you can learn its true value. The three most important things are wagering requirements, expiry dates, and maximum cashout.
Wagering Requirements
Let’s say you receive $100 in bonuses to play mobile slots. Would you be able to withdraw that $100 from your casino to your bank account? It seems somewhat strange that a casino would just give you money like that, doesn’t it?
That’s because they don’t. To be able to withdraw the bonus money, you must meet the wagering requirements. If they are, say 50x, you’ll have to wager the amount that’s 50x bigger than your bonus amount. Therefore, if you ger $100, you’d have to wager a total of $5,000 to be able to withdraw the initial $100. That’s just one way that the casino will make sure you wouldn’t leave right away.
Expiry Dates
Bonuses also tend to expire, and your job is to find the one that lasts as long as possible. It’s not the same if the bonus expires after just one day or after two months. You’d rarely be able to meet the wagering requirements in one day, making the bonus a scam. Online casinos should give you an accurate expiry date where you can hope to meet the wagering requirements.
Maximum Cashout
Some casinos impose a cap on how much money you can earn by playing with bonus money. For example, if that cap is $100 and you win $900 using your bonus funds, a total of $800 will be confiscated by the casino, and you’ll be able to withdraw just $100.
Not all casinos have these caps, but if they do, try going for the ones that have high maximum cashout.
If you’re interested in playing casino games on the go using bonus funds, make sure to check out our list of mobile slot bonuses. Each of these platforms has a fair T&Cs section, so feel free to read them to learn more about their respective welcome offers for new players.