Who hasn’t heard it before? Statements like:

“Get the first part of your welcome package of 400% and 30 free spins in Starburst on your first deposit now! See what else is waiting for you.”

or

‍”Claim your incredible welcome bonus package of €1650 + 300 cash spins now.”

‍This all sounds very tempting, of course. But is it really free money? At least that’s what the online casinos claim by promising free cash, welcome bonuses and free spins after registration. Each bonus is linked to certain conditions and criteria that the player must first fulfill. Most online casino bonuses work according to a certain principle: the player must first make a deposit in order to receive the bonus. You could therefore say that you have to buy your welcome bonus. This is called a deposit bonus. The welcome bonus that all new players receive also contains certain wagering requirements. But you do not need a bonus to try HellSpin casino.

THE REQUIREMENTS

Minimum deposit: A minimum amount must be deposited by the player to activate the bonus.

Turnover: The player must wager the bonus and often also the deposit. The bonus money must therefore be wagered in the game. For example, 1000 euros of money must first be wagered before the player receives any payouts. Either the specified wagering amount or the deposit must also be wagered. 

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Time limit: The online casinos set a time period in which the wagering must be completed. Players therefore only have a certain period of time after registration to activate the bonus and fulfill the wagering rules. 

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Maximum bet: The maximum bet determines the maximum bet per game. It determines the amount players are allowed to bet on their spins. If the player places higher bets, the winnings are deducted from the account. 

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Eligible games: Not all games are intended and permitted for the bonus bet. The online casino selects the games that may be used for this purpose.

Turnover factor: The turnover factor is the percentage value for the weighting of the stakes that count towards turnover. This is related to the permitted games. Slot games with a high payout ratio (RTP = return to player) in particular are often not permitted. The higher the turnover factor, the better for the player. Turnover factors of 100% are common. So if the player plays one euro, the turnover will be reduced by exactly this one euro. If there is a wagering factor of 50%, double the wagering must be wagered for the bonus.

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Maximum win: The maximum win is the maximum payout amount for winnings from the bonus. This can be determined using the payout ratio.

As you can see, the welcome bonus is subject to many conditions. It is not just free money. Even if online casinos like to give this impression. The main purpose of the welcome bonus is to entice prospective players to gamble online. As tempting as it may sound to some. You should always be aware of the consequences of (unauthorized) online gambling.