New player casino bonuses and welcome packages are extremely popular with both players and the casino operators. The casinos use bonuses as a tool to attract new customers to boost their player acquisition. But what’s in it for the players and why do they accept them so readily?
Players will often make a first deposit at a new casino for 2 main reasons.
Firstly for fun; the bonus allows the player for extended play, be that free spins on a particular slot game or bonus cash. The player gets more bonus bets, increases their chances of winning (more on that in the 2nd reason) and has fun doing it.
The second reason is to make money or profit. The bigger the bonus or the more free spins you get gives you the better chance of cashing out a big win right? Wrong. One thing that is often over looked is the amount of wagering or play-through required to cash out your bonus. We’ve see it so many times, hit a massive win with your bonus only to find out you have to wager it 50x in order to withdraw. Not a nice situation to be in.
Profitability Of Different Bonus Types
We’ll have a look at each of the types of casino welcome bonus and discuss their merits in terms of fun and profitability.
Free Spins No Wagering Bonuses
If you’re looking for something new and you find a casino that offers a no wagering free spins bonus we would recommend this type of bonus over the others. That is if you are looking for the most profitable option. Typically you will be offered between 50 and 100 free spins, which may be slightly fewer than ‘normal’ free spins bonuses. However, there is still plenty of fun to be had, but this time you can keep what you win. All your free spins winnings have no wagering requirements meaning that you will be able to withdraw your bonus cash instantly.
Free Spins No Deposit
In the past free spins no deposit bonuses were very popular and nearly all casinos offered this type of bonus to new players. However with new legislation, in the UK particularly, they have mostly been removed. You can still find these bonuses but when you do, don’t expect to make any money from them. Ok, you don’t have to ‘risk’ any money to play them but with a small number of spins usually offered and a high wagering requirement it is vey unlikely that you will make any profit whatsoever.
That said, they can be fun to play. With no deposit required you can spin the reels without a care in the world and see if you can land something. It’s also a great way to try out a new slot if you haven’t played it before.
Deposit Match Bonuses
Deposit bonuses can range from anything from 50% to 500%. One thing that is similar with them all though is the wagering. You’ll find that nearly all carry a wagering requirement of between 30x and 40x, which can be achievable but is tough to beat. So again, if you want to just have fun and play as many spins as possible then that’s absolutely fine. It’s just not the best option if you are looking to cash out.
Free Spins Bonuses
Free spins bonuses are usually combined with deposit match bonuses in welcome packages. They will also have wagering requirements similar to deposit bonuses but sometimes slightly lower. Typically you will be offered anything from 50 to 200 free spins. So they can appear to be generous but just watch out for wagering. If you hit a big win with these spins, you have to wager those winnings up to 40x. For example… if you win £30 with a 40x wagering requirement, you’ll have to play through (£30 x 40) £1,200. Not so appealing now, don’t you think.
So if you just want to build up the bak roll, it really is all about the wagering. However, that’s not to say that all other bonuses are bad, they can offer hours of enjoyment, but just be clear what your main objectives are when taking a new bonus.
Tip: Finding the wagering requirement of a bonus is usually easily found in the terms and conditions.Follow us on