Online Casinos and Welcomes Bonuses: Everything You Need to Know

Online Casinos and Welcomes Bonuses: Everything You Need to Know

If you're a first-time player scouring the web for an online casino, you're probably feeling overwhelmed by the number of welcome bonuses on offer. The online gambling market is experiencing a real boom, so it's no surprise that operators are scrambling to secure your attention. While just about every welcome package can seem lucrative, not all of them are as great as they seem. To help you make the right choice, we've put together a handy guide to help you make sense of free spin allowances, no deposit bonuses, and more. 

Online Casinos and Welcomes Bonuses: Everything You Need to Know

Slots and Free Spins

Free spins are commonplace and stand as one of the top casino bonuses by SPCasinos and other operators. In many cases, free spins are offered alongside other promotional perks for new customers. They're also regularly offered as ongoing incentives to ensure players continue to make wagers after they've registered.

Free spins are always good to have, but you need to bear in mind that they're small fry compared to other types of bonuses. A single free spin has relatively little monetary value and you'll need to wager the equivalent in cash many times to be able to withdraw any winnings from playing online slots. However, if you're a slot fanatic, free spins can be a premium perk.

No Deposit and Matched Deposit Bonuses

This is where things start to get interesting. The best online casinos will centre their promotions around no deposit bonuses. At first glance, this may seem like free money, but it comes with a catch.

Although a no deposit bonus allows you to start making wagers without depositing actual cash, you're subject to tight wagering restrictions. You won't be able to make an actual withdrawal until these conditions are met. If you're incredibly lucky, you might be able to achieve these by leaning solely on your no deposit bonus. However, in the vast majority of cases, players will need to top up their wallets with money from their bank accounts.

Matched deposits operate similarly to no deposit bonuses. An operator may offer you a 50% matched deposit if you're a first-time player. Because you're parting with actual cash to secure the bonus, wagering restrictions are slightly more relaxed.

VIP Bonuses for High Rollers

Bonuses aren't reserved for beginners. If you've been using a casino platform for some time and wagered enough, you may find yourself eligible for VIP rewards and perks. Eligible candidates for VIP bonuses tend to be contacted by customer service agents directly. These perks can include invites to exclusive online tournaments with huge prizes or tickets to real-world events. Ultimately, VIP schemes are designed to encourage high rollers to carry on making big wagers. If you're practising good bankroll management and can afford this style of play, VIP bonuses are something to aim for. If not, stick to free spins and monthly incentives instead.

What You Need to Know About Wagering Requirements

Regardless of what type of bonus you're taking advantage of, wagering requirements are something you'll need to consider. In short, wagering requirements give you a clear idea of how much money you need to wager before you're able to withdraw your winnings. Most operators make things easy by outlining wagering requirements in multiplier form.

It's not just the multiplier you need to take note of. Most matched and no deposit bonuses come with tight time restrictions. If you don't hit the wagering requirement within a set period, your deposit and any winnings you've accumulated with it become void.

Furthermore, not every casino game will count toward wagering requirements in the same way. Percentages will vary between operators, so make sure you take the time to consult terms and conditions before you start wagering. You don't want to spend all of your deposit on video slots if slot wagers only count towards 50% of your wagering requirements.