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Online slots welcome bonus explained

Online slots welcome bonus explained
Online slots welcome bonus explained

The gambling industry is more competitive now than it has ever been, and this is all because of online gambling. Back before online gambling existed, the gambling industry mostly consisted of a handful of well-established gambling brands. Customers were restricted to betting shops, land-based casinos, and gambling arcades if they fancied a flutter or a spin of a slot reel – play online casino jackpot today.

The Digital Revolution

In the mid-1990s digital technology was let loose upon the globe and it changed the world forever. The gambling industry was not spared from the impact of this new technology. The birth of the internet and the creation of the first gambling software that allowed online casinos to become reality changed how people gambled. It also brought in a brand-new audience of gambling first-timers, whose primary experience of gambling was slot games. Slot gaming reached record levels, and this is still the state of play today.

Fighting For Customers

The online gambling market has reached saturation point. There are hundreds of online casinos, vast numbers of slot games, and plenty of new potential customers to attract. A tried and tested way of gaining new customers is by offering them a welcome bonus. These bonuses must stand out from the competition to attract potential punters that are spoilt for choice.

Welcome Bonuses: A Closer Look

Welcome bonuses come in various forms but the most popular is the first deposit matching bonus. The rules here are simple, a customer makes a first qualifying deposit up to a maximum of £100 and the casino matches the amount by 100%. This doubles the amount a new player has, to play with. The minimum deposit to activate such a bonus is £10 and it is worth noting that some deposit methods disqualify customers from participating in bonus schemes. Therefore, it is always advisable to read the terms and conditions before agreeing to take up a casino bonus.

Other Welcome Bonuses

Deposit boosts are often accompanied by free spins. However, sometimes free spins are the only bonus on the menu. A small number of online gambling establishments offer players no deposit cash or no deposit free spins. This means that customers do not have to make a qualifying first deposit to get a casino freebie.

Wagering Requirements

If all this sounds too good to be true, then it’s because it is. No business in its right mind would give customers free cash without strings attached. In the gambling industry, the strings come in the form of wagering requirements. This makes it difficult for customers to profit from a welcome bonus. Wagering requirements mean that punters must play through the bonus cash part of their first deposit a set number of times. The industry standard is between 20x and 40x the bonus amount. Some smaller casino brands have been known to set these requirements even higher.

Free spins, for the most part, come with no wagering requirements attached, but these are set at the minimum stake per spin, so you need some real luck to win anything substantial.

Final Thoughts

Despite the presence of wagering requirements, most punters welcome new player bonuses and the challenge that wagering requirements bring with them. Extra cash means more playing time, which is what punters crave when they join virtual casinos.

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