casino bonus packages explained

Online casino bonus packages explained

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The world of new online casinos can be frightening to those of us who are just starting out. While most of the vets know exactly how things work and can do everything all by themselves, there’s just as many newbies who have no idea how to get things started. Some of these people might just visit an online casino website by happenstance and turn away because they don’t know where to start and what to do.

One of the more bizarre things to some new casino-goers is the fact that some casinos will welcome you with a webpage that tells you that a huge welcome package is waiting for you. We will not name any names, but one casino, for instance, is telling their customers that a £2000 welcome package is waiting for them.

Now, when some of us see something like this, they will instantly think things like “So, I don’t even have to deposit and I’m getting 2000 pounds of playing money for free—that sound’s great!” Of course, this is not how these kind of packages really work. Instead, you are not getting anything for free but have to deposit a whole wad of your own cash in order to get anything at all.

Most of the so-called welcome packages are actually welcome offers with many different deposit bonuses rolled up into one. Instead of depositing just something and getting 2000 pounds worth of bonus money, you will actually have to deposit many times. Below is an example of how this kind of a package could work:

  • 1st deposit: 100% up to 600 pounds
  • 2nd deposit: 50% up to 600 pounds
  • 3rd deposit: 25% up to 800 pounds

Here, the maximum bonus will be 2000 pounds, but you are required to deposit £600 + £1200 + £3200 = £5000 in order to get your hands on the maximum bonus available. So, long story short, by depositing £5000, you could get a £2000 bonus. Does this sound good? Perhaps it does! It just probably doesn’t sound as good as getting a £2000 bonus free of charge.

What you should remember as well is that redeeming these bonuses in full should not be thought of as something that you definitely have to do. Instead, there are quite a bit of reasons to deposit less than the maximum amount. Firstly, when you deposit a lot of money, you are of course risking more money as well, which could lead into bigger losses than you would want. Secondly, the more bonus money that you get, the higher your wagering requirements will rise. Thus, even a 25% bonus has its benefits and advantages when compared to some of these higher bonus percentages.

Let’s recap

The most important thing about using your welcome package is that you should not make too many assumptions about it. Do not make the mistake of thinking that you are getting stuff for free, and do not think that you should take full advantage of what’s on offer. Also, be sure to think about how much you’re willing to bet, and deposit money based on what you can afford and what makes most sense from a wagering perspective.

Good luck! May luck be with you!

casino bonus packages explained