The quality and generosity of a Welcome Bonus (and the lack of the red tape) will be one of the most important factors in choosing a new casino site.
Every Welcome Bonus, sometimes called a match deposit bonus, will be wrapped in a slew of percentages, monetary values, multiple deposits and wagering requirements. Here, we’ll unpack what it all means before searching our casino database to find the Welcome Bonus for you.
What is a Welcome Bonus?
When you make your first deposits at a new casino site, you will receive bonus funds that you can wager in the casino. The casino “matches” the monetary value of your deposit and sometimes even exceeds the deposit amount. The welcome bonus is presented as a percentage, eg. 100%, 200% or 400% of the deposit. The casino will also give you a minimum and maximum deposit amount that is eligible for the welcome bonus. So what does this mean in practical terms?
If you deposit $50 and the casino is offering a welcome bonus of 100%, then you will receive another $50 of bonus money to wager in the casino. This money and the winnings stemming from it will remain in a separate bonus funds account until the wagering requirements have been completed.
The wagering requirement is presented as a product, eg. 15x, 25x, 30x. Therefore, if the wagering requirement is 15x, then you must wager through 15x the bonus amount and sometimes, 15x the deposit amount as well (not often the case).
In equation format, it would look something like this:
That may sound like having to play through a lot of funds, but if you’re on a winning streak then you’ll eat it up in no time at all. For more information on Wagering Requirements see our FAQ and the Wagering Requirement guide.
The welcome bonus will also likely come with a time limit. Usually, you must complete the wagering requirements within 28 days.
Deposit Bonus Terms
Frequently, casinos are offering welcome match bonuses for your first few deposits, often 3 or 4. Check the Terms and Conditions as the percentages and deposit maximums can change for subsequent deposits.
When a casino declares that they have a huge Welcome Package, sometimes worth over $1000, remember that they are talking about all the deposits combined. If you want $1000 of free money, you’ll have to jump through all these hoops.
So which online casino has the best Welcome Bonus? Find them here.
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