The casinos sprinkle generously with bonuses.
The explanation is simple: the competition among them is fierce.
How do you get new players in? How to attract them in the best possible way?
With lots of money, preferably free money. Hence the banners with high bonuses but how free is free?
Here an explanation of some spectacular bonus offers.
Example 1 at Jackpot Grand casino (US welcome!)
This casino offers a fabulous $2,000 Welcome Package. Get an amazing 200% Match Bonus worth up to $2,000 in free cash! Enter bonus code GRAND
When you study the âTerms & Conditionsâ the first thing you will learn is that the minimum deposit is $25 to qualify for this bonus.
And then the Wagering Requirements (WR)! You must wager the bonus AND deposit 30 times before making any cash outs.
In other words: you have to reach a winning amount of $750 with your minimum deposit of $25 to cash any wins.
That sounds reasonable. The fabulous offer of $2,000 welcome package is ridiculous.
For such a warmly welcome gift you must deposit $1,000 and realize a win of $60,000!
Example 2 at Club Player casino
Club Player casino
The T&Câs tell you that the bonus is not cashable.
This means that the bonus will not be returned to the account but deducted from winnings by Club Player casino.
At the point of cash out, all bonus money will be removed from the total amount of money won. I.e.
if you redeem a $500 bonus and withdraw $1,500, you will receive $1,000.
3. New player bonus at CoolCat casino (US welcome)
Redeem coupon code 1000BONUSEXPLOSION and you get automatically $100 on your new account.
You have 5 days to play slot games to win up to a 1000% sign up bonus on your 1st deposit.
Every dollar won is equal to 1% sign up bonus and 1000% is your maximum bonus.
For example: $900 closing balance = 900% Sign Up bonus.
To claim this Sign Up bonus you have to deposit of minimum $30.
Did you win more than $1,000 with your $100 free money? Then youâll get your remaining balance converted to an additional bonus on your next deposit up to 500%.
And some more offers without comment:
Other restrictions mentioned in T&C's in general
1) Players from certain countries may be excluded from any bonuses.
Unless the Casino management specifically gives prior agreement, welcome bonuses are limited to one promotion per Player, per family, per computer, per address.
2) Withdrawal issue.
Due to smaller amounts and processing fees, any initial withdrawal request resulting from winnings generated off a sign up bonus will only be paid via online electronic payment methods i.e. Neteller and Moneybookers/Skrill.
3) Minimum WR.
The minimum wagering requirements for all bonuses are 30 times the bonus value for: Slots, Keno, Bonus Bingo and Scratch Cards. The minimum wagering requirements for sign up bonuses are 60 times the bonus value for: All other allowed games (excluding the restricted games as listed above).
4) Max cash out.
Should a Player win funds higher than the max cash-out amount, these excess funds will be removed upon withdrawal. Once you have met the Wager Requirements and are able to make a withdrawal, any amount that is over the Maximum Withdrawal Limit will be removed from your balance, as you will not be able to withdraw these funds. No additional amount will be paid.
5) Restricted games.
The following games do not count towards completing any wagering requirement: Roulette (all types), Pai Gow Poker, War, Sic Bo, Pontoon 21, Baccarat, Craps etc.
Do huge welcome bonuses make sense?
A huge welcome bonus includes that you start with a greater bankroll. Off course, the more cash you have to spend, the more chance you have of winning. More money in your account gives you the âfreedomâ to place higher wagers. So you can increase your odds.