How to Make Sense of Casino Welcome Offers
- on Oct 07, 2022
What are casino welcome offers?
A casino welcome offer is exactly what it sounds like. It’s an offer, promotion or gift that casinos give to new players to welcome them to the casino and thank them for joining. These offers can be a deposit match where they’ll match your deposit, essentially doubling your funds, or it can be extra money or spins to use on certain games.
Today, there are hundreds of online casinos offering casino bonuses. Do your research and make sure a casino is a legitimate and secure establishment. Do not deposit your money in a new online casino offering super-high bonuses without gambling licenses or a track record in the industry.
The different types of casino welcome offers
Welcome bonus or deposit match
Casinos can offer you a percentage of your deposit back. They can also match your deposit with a 100% deposit match. Usually, there are limits on the amount of money you can get back with this offer. With the BetMGM deposit match, you can get up to $1,000 back in bonus funds.
Free spins welcome offer
Instead of matching your deposit, some casinos award players free spins to use on online slot games.
No deposit bonus
With a no deposit bonus, you can earn a bonus amount in your account to play with without making a deposit. All you would need to do is create an account with the casino. Did you know that when you sign up with BetMGM, you get a $25 no deposit bonus at the casino?
Nobody said the bonus rewards were only for first-time players. With reload bonuses, players can receive an even bigger bonus on their second, third and even fourth deposits.
How do casino welcome offers work?
Let’s see how these offers work and examine the different terms and types of online casino bonuses. The only way to know if any casino promotion is worth it is to read the terms and conditions. The following factors should be considered.
Sometimes casinos will have a minimum amount that you must deposit to qualify for the offer.
This is the most crucial thing to read before making a deposit for a welcome offer. All welcome offers have a wagering requirement attached to them that players have to reach to withdraw their winnings. Usually, wagering is a multiple, such as x20. You multiply the funds you received as a bonus by 20 to know how much you need to bet before you can withdraw.
On a website with a 100% deposit match up to $100, if you deposited $100, you would get an extra $100 bonus. When you multiply the $100 deposit match by 20, you see that you will need to bet $2,000 before you can withdraw your money and winnings.
Reaching your wagering requirement can take some time. With high wagering requirements, it’s wise to choose a casino where you feel confident that you can play for the long term. This way you won’t quit before you can make your first withdrawal.
Check whether your casino has a time limit on how long you can use the bonus funds or spins.
Before you get excited after seeing a generous welcome offer, check what payment options the casino has for withdrawals and deposits.
Some casinos use a bet limit, i.e. $5 per spin. This means you can’t make large bets to race through your wagering requirement.
Casinos have minimum and maximum withdrawal limits that are affected by the payment methods they use. If a casino lets you withdraw small amounts, the transfer cost would equal the withdrawal amount.
Some bonuses and deposit matches can only be used on specific games. The last thing you want is to realize your bonus only works with slots and not live dealer casino games in the middle of a game. Check beforehand.
Forfeitable deposit bonus
The wagering requirements in some online casinos may be so high that you might later want to forfeit the bonus. If you play with your own money first and win, then you’d want to withdraw your funds and forfeit the bonus. If you lose, you can use your bonus money to try again. Check to see if your deposit bonus is forfeitable. If so, play with your money first before committing to wagering requirements.
If a deposit bonus is cashable it can be withdrawn once you’ve met the wagering requirements. A non-cashable welcome bonus means that when you meet the requirements, the extra bonus amount will be deducted from your winnings before you withdraw. Cashable bonuses can also be referred to as non-sticky bonuses.
With this advice, you’ll no longer be making the common casino mistakes newbies make with bonuses. It looks like you’re ready to score a bonus and start playing.
BetMGM’s enticing welcome offers
Here are offers you can take advantage of when you play online with us.
BetMGM Welcome Offer
If you sign up for a BetMGM account today, you’ll receive a $25 FREEPLAY no deposit bonus. Make your first deposit and you’ll get a 100% deposit match up to $1,000. Read our terms and conditions here.
BetMGM Poker Welcome Offer
Your first online poker tournament is on us. With the BetMGM Poker Welcome offer, you get a 100% deposit match of up to $1,000 and up to $75 in tournament tickets. Set up your BetMGM Poker account to join one of over 70 daily tournaments with your bonus tickets and funds.