How Does a Welcome Bonus Work?
A welcome bonus can be claimed only once, and normally happens only after the player has made his first deposit with the casino. The extra bonus money is added to the player's account and the total amount (player's deposit + bonus) can be used to play online at the casino. The welcome bonus can be paid out as a cash match, or as a staggered or composite cash match.
In a match bonus the casino matches your deposit money, dollar for dollar, up to a certain maximum amount. The match percentage varies from casino to casino. You may find casinos with a 50% cash match, 100% cash match or even higher match percentages. So, if you deposit $100 in your casino account and the casino offers a 100% match bonus then you will find that your starting credit is $200. However, there is an upper limit to this match bonus.
Rarely though, a casino may offer a welcome bonus without any limits. NetEnt casino Gday offers a €/$ 10 free on sign up and also has a 100% match bonus without a maximum amount.
A staggered or composite match bonus on the other hand breaks down the total amount of the welcome bonus over a number of deposits.
The NetEnt casino Moon Games is a great example of a casino with a staggered welcome bonus. The welcome offer at Moon Game consists of £500 free with a 100% match bonus on the first deposit. On the second deposit there is a 50% bonus up to £500 free. And on the third deposit, players get another 50% bonus up to £500 free. That's a whopping £1,500 in free money.
In some casinos, the actual bonus value may differ according to currency even if the cash match percentage remains same. For instance, the popular NetEnt powered casino Mr. Green has a 100% welcome bonus, but the bonus differs according to currency. Euro is matched 100% up to €200 only, Swedish Kroner and Norwegian Kroner up to 1,000.
Welcome Bonus Rollover Requirements
Welcome bonuses cannot be cashed out immediately. Casinos have strict rules about the bonus cash out so as to stop bonus frauds and to entice players to play slots at the casino instead of cashing out and leaving. In order to cash out the bonus, the player has to fulfill rollover requirements.
To cash out the net entertainment casino bonus, the player first needs to wager the bonus amount a certain number of times. This is known as the rollover or wagering requirement.
Let's take the Moon Games casino as an example. The casino requires you to make a 50X wager on your bonus funds in order to be eligible for cash out. If you attempt to cash out before the wagering requirements are met, then you stand to lose all your bonus funds. So, if you registered at the casino with a £20 deposit, you will need to make a wager of £1,000 before you can cash out the 100% match bonus.
At the casino Mr. Green, the wagering or rollover requirements are displayed when the bonus is received. The wagering rules may differ according to the geographical location of the player. Risk free bets on any of the casino's games are not included in the wagering requirements. Mr. Green casino also does not count wagering at Video Poker, roulette (any roulette), Black Jack (any Black Jack) or any other table game in the rollover requirements.