What is a Welcome Bonus at the Casino?
A welcome bonus is an offer that you’ll get when signing up with an online casino. This is usually done to entice players to join and, in some cases, it can even be viewed as a welcoming gift from the casino. However, it’s crucial to understand that not all of these welcome bonuses are the same; this is usually due to the wagering requirements that are attached to them and the way that the bonus is set up.
There are also different kinds of welcome bonuses, which we’ll get to in a bit, and you must understand that each one will provide you with a different experience. When it comes to welcome bonuses, the best way to approach them is to have a clear understanding that there’s no such thing as free money, and you will have to earn the actual cash in one way or another.
Welcome bonuses are a great way for new players to become acquainted with the casino and some of the games that are offered. However, the welcome bonus will usually have terms and conditions attached to them. These are implemented to ensure that the casino isn’t throwing away money, which makes sense as it is a business. The terms and conditions that are usually implemented by the best online casinos are user-friendly and will be challenging but not impossible to meet. The same can’t be said about less established casinos as they’re more than likely going to employ some crazy requirements that you’ll need to try and meet.
This is why it’s vital to read through and understand the terms and conditions of an online casino before agreeing to anything as you could be biting off more than you could chew. Wagering requirements also prevent bonus hunters from making a deposit and simply withdrawing the bonus cash and running off. This is why an online casino will clearly state what you’ll need to do to claim the bonus cash.
This is where the wagering requirement comes into effect, as you’ll usually need to wager the amount of the bonus a particular number of times before you’ll be allowed to withdraw. This usually starts at 20x the amount deposited and can go up to 70x. As long as you play in a low wagering casino, the easier it is to meet, and therefore it will be easier to withdraw. An example of how this works is that if you claim an amount of NZ$500 from the bonus and the requirement is 20x, you will need to play through an amount of 20 x 500 (NZ$10,000) before you can claim the offer. Different games will also count differently toward the overall amount, so ensure that you understand how it works first.
Types of Casino Welcome Bonuses
When it comes to welcome bonuses, different types are available but bear in mind that some are more common than others. Below you’ll find a list of these bonuses and how they operate.
Deposit Match Bonuses
These have become the most common type of bonuses due to how easy and versatile they are. This works by the casino offering a particular amount of cash as a bonus with a percentage that can be claimed for “free”. For example, “100% Deposit Match Up To NZ$100”, means that 100% of the amount that you’ve deposited into your casino account will be matched and provided to you in the form of bonus cash as long as it’s under the NZ$100 limit.
These bonuses are usually quite large, with some going up to NZ$2000. However, casinos have also gotten smarter. So, instead of providing the entire sum of bonus cash right off the bat, it will split the amount over a few deposits. Ultimately, the deposit bonus could end up looking like this:
- 1st Deposit = 100% deposit match up to NZ$500
- 2nd Deposit = 75% deposit match up to NZ$500
- 3rd Deposit = 50% deposit match up to NZ$500
- 4th Deposit = 100% deposit match up to NZ$500
Hence the total will add up to NZ$2000, but you’ll receive them in segments rather than the whole amount.
Free spins are a fantastic way to get started with your online gaming journey as they provide you with the necessary game time to become accustomed to slots. Free spins are usually part of the deposit match bonus and together they form a bonus package, but some online casinos prefer to provide them on their own.
You can receive up to 200 free spins and these will usually be provided over a set period. So, if you claim 200 free spins, it will likely be provided over 10 days with 20 free spins a day.
Each day will also see you try a different slot, which is a great way to shake things up. However, with free spins, you’ll likely have to stick to a particular betting amount. This is to prevent you from running up your winnings and getting through the wagering requirement faster. Failure to adhere to these conditions will usually have your winnings revoked.
No Deposit Bonuses
These are by far the best bonuses that you could ask for because even though they’re usually in low amounts, they don’t require you to make any deposit. This is usually a way that casinos welcome new players and they can be used for any games. These will usually come in the form of cash, but they are also available in free spins that are worth a particular amount of money.
The Benefits of Welcome Bonuses
Welcome bonuses are a great way to get started with your casino journey as they will increase the amount of time that you’ll spend online. This will result in you becoming more comfortable with gaming and it will also result in you identifying the games that you like and don’t like. Welcome bonuses also take away the risk factor while you are gaming, as you’ll be betting smaller amounts of bonus cash.
Having extra cash to play with is a great benefit as you can also take a chance with more complex table games that have particular rules and this means that you can increase the variety of games that you’re accustomed to. Ultimately, it’s all about having a good time and by developing healthy gaming habits, you’re already more successful than those that fixate on winning.
The Detriments of Welcome Bonuses
The one major detriment of welcome bonuses is that they’re usually quite restrictive as you’re forced to play a specific game or bet a particular amount. Sure, it's bonus cash, but predetermined games become boring very quickly and you’ll want to switch to something else; however, this usually isn’t an option. There are also expiration dates that are attached to these bonuses and sometimes they can be very unreasonable.
We’ve discussed why wagering requirements have been deployed; however, particular casinos have provided insane wagering requirements paired with short expiration dates. For example, a 75x wagering requirement for a NZ$500 bonus that has to be met in 7 days is what we’d call unreasonable. Then there’s the matter of availability for particular games, and while some casinos have found a way around this by providing alternative games to play, others haven’t, and this usually results in the bonus cash being lost.
The Best NZ Online Bonuses
To end off this segment, we’ve provided some of the best casino bonuses offers for new players, this will include the casino, the bonus, and the wagering requirement that will need to be met.
Casino Lab – NZ$1500 + 300 free spins with a 40x wagering requirement.
Casumo – 20 No Deposit Free Spins + NZ$1200 Deposit Match Bonus with a 30x wagering requirement.
LeoVegas – 50 No Deposit Free Spins + NZ$1500 Deposit Match Bonus + 150 Cash Spins with a 35x wagering requirement.
King Billy – NZ$1500Deposit Match Bonus + 200 Free Spins with a 35x wagering requirement.
Royal Panda – Up to NZ$1000 Deposit Match Bonus with a 35x wagering requirement.
These are the best offers at the moment, and they involve all of the bonuses that we mentioned in this segment. So, try them out and find out what works best for you.