Important Things to Consider When Claiming Welcome Bonuses
Few amazing things about the various online gaming and betting platforms are welcome bonuses. Most sites you visit have them to give you a grand welcome upon signing up.
However, before going for the welcome package, there are important things you need to check. These are included in the bonus terms and conditions, and they help you to understand the bonus and claim it without issues. Here are some of the things you need to consider when claiming welcome bonuses.
- Qualifying Deposit
A qualifying deposit refers to the amount of money you need to deposit on the platform to get the welcome bonus. It depends on the casino or sportsbook of your choice because each has a different qualifying deposit for its welcome package. Moreover, the offers also vary as each platform gives different bonuses such as:
- Free Spins
- Free Bet
- Cashback
- Match-up bonus
But the good news is that most online gambling platforms ensure that the qualifying deposit is fair for everyone. It is usually affordable. and you can use it to play the other games on the platform on top of the welcome bonus. And once you enter the promo code stake and meet the required deposit, you instantly receive the package on your account.
- Wagering Requirement
The bonus wagering requirement is also important to consider. This is because you must first meet it at the given time to be able to withdraw any earnings from the bonus. Well, the platform gives you a value by which you have to multiply your earnings to meet the wagering requirement.
For example, if the platform gives a 100% match-up bonus on any first deposit of $20 or more. And it has a wagering requirement of 40 x your bonus amount. Once you make a first deposit of $40, you get a 100% match-up bonus of $40, and the wagering requirement is 40 x $40 = $1,600. However, some welcome bonuses don’t have wagering requirements, and you are free to cash out your earnings at any time.
- Validity Period
You also need to check the period the bonus takes to expire before and after it is credited to your account. The moment you join the platform, there’s a given period set in which you need to claim the bonus. If you don’t do so and the time elapses, you can’t ask for it. On top of that, after the welcome bonus is credited to your account, there’s a period in which you have to use and wager it. It expires afterward if not used and the most common period is:
- 7 Days
- 14 Days
- 21 Days
- 1 Month.
- Country Restrictions
The internet attracts people from different countries globally to various online gambling platforms. Because of this, there are some country restrictions on casino bonuses and promotions. Players from some countries can’t access them for several reasons.
You need to ensure that you qualify for the promo code stake you claim. Best of all, some platforms have special bonuses for their customers from specific countries depending on their currency. You can as well look for them, and go for a welcome bonus in your home currency.
Read the Bonus Terms and Conditions
You should never make the mistake of not reading the welcome bonus terms and conditions. This is because they have all the information you need to know about the package before you claim it.