Welcome bonus: anatomy of an offer

This page lists no offers and no amounts for Woos. It explains how this type of clause works so you can read any operator's terms yourself. Bonus advertising is restricted in many countries, and a bonus is never free money.

The welcome bonus is the most visible and, on the surface, the largest. It usually adds a percentage of the first deposit as bonus money, sometimes with free spins. "Welcome" suggests a gift; the contract says otherwise.

The parts of the offer

Bonus plus deposit: the hidden difference

Illustration with a 100 deposit and a 100 bonus at 30 times wagering. If wagering applies to the bonus only, you need 3,000 in bets; if to bonus plus deposit, 6,000. At a 96% return the expected loss goes from about 120 to about 240. The same offer, misread, costs twice as much.

Wagering formulaBets requiredExpected loss at 96%
30 × bonus (100)3,000about 120
30 × (bonus + deposit)6,000about 240

Table players and welcome offers

If live games count at 10%, the 3,000 above becomes 30,000 in roulette or blackjack bets. At live blackjack it is also easy to exceed the maximum bet in one hand, and a breach can void the bonus and winnings. For someone choosing Woos for the tables, a welcome bonus is nearly always one to skip.

Before the first deposit

Read the full bonus terms, not the summary. If you decide not to take it, untick it in the cashier and keep a screenshot of your choice.

A three-question test

Before accepting, answer three questions with numbers from the terms. How much must I bet in total, given the contribution of the games I actually play? What is the expected loss on that volume at the stated return? Is that loss smaller than the bonus? If the third answer is no, the offer costs more than it gives, however generous the headline looks. For most table players the answer is no at the first question.

← Bonuses explained · Wagering · Bonus terms

Frequently asked questions

Is a welcome bonus free money?
No. It is money tied to wagering and other conditions that must all be met before withdrawal.
What is the difference between wagering on bonus and on bonus plus deposit?
The second can double the betting volume required for the same bonus.
Does live blackjack count towards a welcome bonus?
Often little or nothing, and the maximum bet is easy to exceed in a single hand.

Other bonus guides

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