Receiving a bonus with a deposit, whether it’s the first deposit or the tenth, has become pretty standard in the online casino industry.
Generally speaking, the Welcome Package Bonus is the most significant bonus offer, often matching your first deposit with bonus money. For example, if you make a £100 deposit with a 100% bonus offer; you’ll then receive an additional £100 as your bonus.
Now you have £200 with which to bet, but you won’t be able to withdraw the money until you fulfill the wagering requirement. This will be discussed in greater detail down below.
It is essential to check out the current bonus offers to make sure you get the best possible deal. For example, sometimes there is an extra bonus for punters depositing on a specific day of the week or when playing a particular game.
Pre-Wager Bonuses
There are two types of Pre-Wager bonuses:
In both cases, the money is credited to the account instantly but it will have to fulfil the wagering requirements before it can be moved over to a real money balance.
Until the wagering requirements have been met, the bonus money and any money that is won while betting with it, will be credited to a bonus account. In general, only after the correct amount of betting has been done will the funds be transferred to the real money balance and be available for real money betting or withdrawal.
If the Pre-Wager bonus came in the form of a non-redeemable bonus, only the winnings will become available while the actual bonus itself will remain in the bonus account.
After-Wager Bonuses
An after-wager bonus (also known as a post-wager bonus) avoids the punter having to worry about meeting wagering requirements because it will only be transferred into the account after the conditions have been met.
The biggest advantage here is that once the bonus is transferred into your account, it is no longer treated as bonus money and can be withdrawn, or used how you see fit.
Punters can have different types of bonuses in their account at the same time, but only one of them will be active at a time. The punter doesn’t have the option of how and when to use each bonus, instead they are activated in the order with which they were received. The post-wager bonus is the exception to this rule, and can’t be activated while there are pre-wager bonuses in play.