Wagering Requirements and Online Slot Bonuses
Online casinos are still very popular and this is despite them being introduced to the world in 1996. If anything, the market is now more competitive than ever and new customers are vital to the survival of each brand. Casinos have to be more imaginative when it comes to attracting and keeping new players and welcome bonuses are still important, especially for new venues, as first impressions count. The purpose of these bonuses is not only to attract customers, the extra cash can help new players play for longer and get a taste of the site. Obviously, each virtual venue hopes that all customers have a positive first experience and that this makes them return for more. After all, casinos are businesses and their number one aim is to make a tidy profit. Many casinos offer various types of bonuses that are either deposit match ups, slot sites free spins, or both. A growing number are now offering wager free spins but many casinos still have wagering requirements attached to their bonuses.
Different Bonus Packages
There are different types of bonuses at online casinos and the bonuses here are far more generous and frequent than at land-based casinos. The most common theme that runs through casinos is the new player welcome deposit bonuses. Most casinos will give a 100% deposit boost up to a certain amount of cash. The industry standard is around £100 maximum. This can be on your first deposit only or on your first three deposits. In simple terms, if you deposit £20 you will get another £20. If you deposit £100 then a 100% match will give you £200 in total, reaching the maximum deposit bonus. Usually, you will have to wager it 20x before any withdrawals can be made. This means playing through bets of £4000, if you take up the maximum bonus offered. Game weighting is frequently mentioned in the casino terms and conditions. This basically means that certain games contribute different amounts to the bonus wagering requirements. Some games are excluded altogether, but generally slots contribute the highest, unless you have decided to take up a Live Casino welcome offer instead of a slots bonus.
Bonus Terms
The best bonuses come with few terms and conditions but customers should always read them before opting in. Most casinos have a £5 betting limit when you are playing with a bonus and trying to meet those wagering requirements. If you are thinking of making big bets to quicken the process, then you will be disqualified and your bonus money will be canceled. This is why it is important to read all the rules of your bonus before you start spinning. Most offers have a minimum deposit limits needed to activate the bonus offer. This is usually £10 or £20 and E-wallet depositors are often excluded from welcome bonuses altogether.
Final Thoughts
If you like hunting for bonuses at casinos then you are spoilt for choice. However, if you want to be in with a realistic chance of banking any of your bonus winnings, then it’s best to take up offers where wagering requirements are not sky high.
