When you sign up to an online casino today, as soon as your new account has been activated, you will automatically qualify for some kind of guaranteed new player welcome bonus. The question being answered here is, do I have to claim my online casino new player welcome bonus?
Do I have to claim my online casino new player welcome bonus?
The short answer is no. You don’t have to claim a new player welcome bonus when you sign up to an online casino. The only real reason why most people do not claim their sign-up bonus is that they don’t have time or simply can’t be bothered to complete their wagering requirements, which are attached to almost every online casino bonus out there today. As soon as your new account has been activated, you will most likely be offered a welcome bonus, which you can either accept or decline. It’s usually either a free spins bonus or a matching deposit bonus.
If you decline your initial sign-up bonus, you can’t then go back and claim it at a later date, so make sure it’s the right decision. There’s no reason why you would decline your bonus, but each player is different. It’s free money, and you have a chance at winning more money from your welcome bonus, so you may want to just go ahead and claim it so that you don’t miss out.
What are online casino bonus wagering requirements?
Online casino bonus wagering requirements (aka roll-over requirements or playthrough requirements), much to the annoyance of most players, are something that you generally cannot avoid when accepting an online casino bonus. If a casino operator just handed out free bonus money WITHOUT any wagering requirements attached to that bonus, most players would simply withdraw that money, and online casinos, such as Casino777, would quickly go out of business, which is why you have to complete wagering requirements.
With most online casino bonuses today, wagering requirements usually range from around 10x times the bonus amount (+ the deposit amount) up to usually no more than 60x or 70x times the bonus amount (+ deposit amount). The higher the wagering requirements are, the worse it is for you as a player, and you will find that average wagering requirements tend to hover around 25-30x times the bonus amount up to around 40-45x times the bonus amount.
Examples of how wagering requirements work
Let’s take a quick look at how online casino bonus wagering requirements work. If you were to accept, say, a 100% matching deposit bonus worth up to $/€/£50 (or equivalent currency value). With this bonus, you can double up on your deposit by up to $/€/£50 using any reliable payment option, such as Visa, PayPal or Skrill, for example. If you deposit $/€/£20, it means you would end up with $/€/£40 to play with, and if you deposit the full $/€/£50, you would end up with $/€/£100 to play with, and so on.
Let’s just say that this bonus comes with a 30x times wagering requirement attached, and you deposit just $/€/£15. It means that you would need to wager a total of $/€/£465 before you could withdraw. This includes your initial $/€/£15 deposit, multiplied by the 30x times wagering requirement, plus the initial $/€/£15 (30x €/$/£15 = $/€/£450 + $/€/£15).
As soon as you have completed your wagering requirements, any winnings that you have made from your bonus are yours to spend with zero restrictions. In other words, it’s worth claiming your welcome bonus because you might be one of the lucky players who ends up turning a profit.