Interview with RAIG Chairman Clive Hawkswood
January 15, 2020
Clive Hawkswood is the chairman of Responsible Affiliates in Gambling (RAiG), an independent body that aims to promote safer, responsible gambling.
With so many Bitcoin casinos in the online space, you might find it hard to find the best place to stake your crypto coins. In fact, wherever you look, you will most likely find a list of casino bonuses that should convince you to create an account with one online casino over the other.
One of these casino bonuses is the welcome bonus. Simply put, the casino rewards you simply by signing up, making a deposit, or playing your first game. This is the most popular type of reward among online casinos because it brings in more players to try the casino games and services. Read on to know more about this type of casino reward:
Online casinos will give you a warm welcome for creating an account, but the welcome gift of one casino may be different from another online casino. Depending on where you look, here are the welcome bonuses you will typically find in online casinos:
The most frequent welcome bonus you will find requires you to top up your account with a certain amount. After doing so, you will get bonus money credited to your account. The amount you will get will depend on the bonus percentage and your deposit amount. So if you claim a 100% bonus up to 1 BTC and you deposit 0.25 BTC, you can start your betting sessions with 0.5 BTC in your account.
As the name suggests, this reward will give you free cash even if you do not make a deposit. But do not expect the bonus amount to be as high as what you get in welcome deposit bonuses. Usually, casinos will give you a free chip worth €10 or €5, just enough for a few spins or bets on your chosen game.
If you love playing slot games, choose casinos that offer free spins. Sometimes this promo stands on its own, but other times it is bundled with a deposit bonus. Plus, most free spins can be played only on certain slot games.
Some online casinos promote deposits in certain payment methods, so much that they will reward you with free cash if you top up your account using those channels. Just like in the deposit match bonuses, the amount you will get will depend on the bonus percentage and your deposit amount.
There are other welcome bonuses offered by online casinos, some specific to a certain game type like table games and live casino rooms. Whatever the case, at least you have many options in choosing what welcome gift to claim in your chosen casino.
Before you go ahead and claim a welcome bonus, make sure you know exactly what you are getting out of it. Remember—that huge percentage bonus may look attractive now, but you might be surprised to find out later on you cannot claim the rewards from that deal. To know how to avoid this scenario, look for these bonus deal breakers:
Before you say yes to a welcome bonus, look for its terms and conditions. These terms should guide you not only on how to claim your bonus but also on how to cash out your winnings. If the rules are not clear, or if they are not available on the site, ask help from the support staff. But if they cannot answer your questions, look for another casino with clearer bonus terms.
The percentage matches will definitely tempt you to sign up—especially if they offer a 100% bonus or more. But do not claim that bonus yet without checking how much you have to deposit to get that bonus. Say that 200% bonus up to €2,000 sounds attractive, but if that deal requires you to top up your account with €500, you might have to think twice, unless you have a big bankroll.
Wagering requirements state how many times you need to bet before you can get the winnings from the bonus in full. While there are casinos that do not require you to play through your bonus, most online casinos will not release your winnings until you complete these terms. The standard bonus requirements are at 35x, but if you can find bonuses with lower terms, consider claiming these deals. But if you discover that the welcome deal requires you to roll over your bonus amount 40 times or more, you better think twice.
Of course, you would want to cash out your winnings after completing the bonus requirements. Unfortunately, not all online casinos will make withdrawal easy for you. Make sure to check how long the casino processes its cashouts before saying yes to its welcome bonus. Besides, if the online casino does not make an effort in giving you your hard-earned winnings right away, take it as a sign that you will have a hard time cashing out by the time you play with real money.
Welcome bonuses are your first step in an online casino. They determine not only how much you can win by making little to no deposits, but they also reflect how an online casino treats its customers. Do not make the mistake of being blindsided by an attractive welcome bonus, only to not get your money’s worth later on.