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Online casino bonuses come with Terms & Conditions that are not player friendly. Accepting these bonuses often leads to bettors not being able to withdraw their winnings, and in some cases having both their deposit and bonus confiscated by rogue casinos.

The average gambler, especially those unaccustomed to the online casino scene, are often not aware of some of these bogus T&C’s. Many see the welcome bonus sign and proceed to deposit funds, thinking it is all free money. Sadly, a lot of online casinos operate solely to cheat players, and do everything possible to ensure players lose.
Wagering Requirements

The most controversial welcome bonus condition set by casinos is called the wagering requirement. This is the amount set by casinos which a player has to bet before their bonus is credited into their cash balance.

Most times, when a player opts in for a bonus, they are unable to withdraw their deposits and bonus until they have made enough bets to reach the required turnover threshold set by the casino.
It is worth considering that casino games are always established to be in favour of the house. The house-edge, vig or over-round are set in a way that ensures players lose in the long-term. Even when gamblers go on winning runs, they eventually lose trying to reach the turnover limit set by the casino.
To add insult to injury, some bets are deemed ineligible for clearing turnover requirements. For example, bets made playing blackjack don’t often qualify because very good players are capable of devising strategies to minimize losses and increase their win rates.

In sports betting, the required odds are set very high by the casinos. This, coupled with the number of times a player must turn over their deposit and bonus amount ensures they lose it all. Generally casinos aren’t enamored towards winning gamblers and often ban or limit them as soon as possible.
Experienced online gamblers often say claiming welcome bonuses is too much of a hassle these days. However, there are still genuine offers that aren’t designed to cheat players.
Casinos also use this method to protect themselves from players that abuse sign-up offers. There are a few things a player can do to ascertain if a bonus is worth claiming or not, before depositing their hard-earned money into an online casino.

Look out for predatory T&C’s

• It is the player’s responsibility to always read the casino’s bonus terms and conditions. The player must make sure they fully understand all the clauses before making a deposit. If the turnover requirement is draconian, avoid the casino at all cost.
  Operating with true fairness
• Before depositing into any casino, it is very important to confirm that they are either providing provably fair gambling, or in some way or another are regulated and have a license. If they don’t have any form of fairness system in place, avoid them at all cost.
  Positive reviews and endorsements
• Players must try as much as possible to search online for reviews and feedback from other players, both positive and negative before making a deposit. This is often the best way to gauge if a casino will cheat you or not.
  Verification & jurisdiction
• Most casinos require KYC to determine if a player is eligible to use their platform. Always confirm if a casino allows players from your country. And whenever possible, confirm your identity before depositing to save yourself future hassles during the withdrawal process.

Established casinos have a brand to protect and more often than not offer bonuses with reasonable terms. However, these conditions are designed to keep players betting for extended periods and only a lucky few complete them. The only way players can protect themselves is by researching and due diligence. Always read the T&C’s before committing.

Good article. Welcome bonuses may sound appealing at first, but in most times it's more or less selling a daylight robbery dream.

Keep in mind this article isn't just about the welcome bonus, but reading T&C. A lot of traditional websites have websites which "allow" them to hold your funds due to some unethical terms they tend to add in.

Be cautious people.

To claim that all deposit bonuses are a scam is like claiming that all online casinos are a scam! But in reality it depends on the casino that offers the bonus. I personally have used several bonuses and they gave me a financial advantage. Of course do rogue casinos try to misuse deposit bonuses, but it is basically the player's fault if he deposits at any casino without checking it.

The whole online casino market is scammy af.

Minimum deposits, minimum withdraws.  The minimum deposits are too high, it's a good thing it stops me from gambling and losing money  ;D

I dont like this kind of promo to be honest due to the high wagering requirement, but I dont think it can be consideren as scam. Players always need to read all the terms before deciding to take any bonuses or even before registering in any sites. This is why all casinos has their own terms, if players complain the terms after taking the bonuses then it is their own fault.

I agree to this because lot of offering site nowadays are with welcome package etc, and that could make how caught a fish out of there ponds.

I've always hated these things. They're complete scams and this article sums it up perfectly. When you see a website offering you a deposit bonus, you will pretty much NEVER get your money back. It's an illusion and it gets you playing the games with close to no chance of actually cashing out.

Don't get me wrong, some people successfully beat the odds, but your chances are VERY low.

Article below quoted from the Crypto Gambling Foundation

https://cryptogambling.org/articles/welcome-bonus-gimmick/

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To claim that all deposit bonuses are a scam is like claiming that all online casinos are a scam! But in reality it depends on the casino that offers the bonus. I personally have used several bonuses and they gave me a financial advantage. Of course do rogue casinos try to misuse deposit bonuses, but it is basically the player's fault if he deposits at any casino without checking it.

...
a casino can not just give money away. and the deposit bonus is exactly that. they are giving money away and when you do that, there will be a lot of people who will rush to abuse this free giveaway and bankrupt the casino. so you need to set some rules to prevent people just making a deposit, playing a game or two and going away with their money and reward for good as much as you can.

This happens with many different sites, even in the stock trading world they are services that do these "welcome bonuses".

I remember I once registered for a binary options trading site. I deposited I think $100 and was offered $100 extra, and just took the offer.

Basically after a few losing trades I decided to withdraw whichever amount I had remaining I think $70. However due to the "$100 bonus" it states that you cannot withdraw anything until you get a certain rollover amount; which was very difficult.

Ended up I think losing the entire $100. Live and learn I guess.

The whole online casino market is scammy af.

Minimum deposits, minimum withdraws.  The minimum deposits are too high, it's a good thing it stops me from gambling and losing money  ;D

I don't think so if you are playing in provably fair casino and don't take deposit bonuses or other bonuses with high wagering requirement than you can't get scammed.

Also minimum deposits is considerably low in most of the casino and fee they take on withdrawals are actually network fees not commission that will be taken by casino. Most of the fiat casino can banned you without any reasons or can ask for verification when trying to withdraw out. Also all of fiat based casino are monitored by governments or other authorities.

I always try to not take any of such bonuses with hidden and confusing terms and conditions.

Some dubious online casino copies some effective advertising promo of some real online casinos like the welcome bonus gimmick to attracts many unsuspecting players into their games then later scam them.

Terms and conditions should be read carefully before any online casino.

Good article. Welcome bonuses may sound appealing at first, but in most times it's more or less selling a daylight robbery dream.

Keep in mind this article isn't just about the welcome bonus, but reading T&C. A lot of traditional websites have websites which "allow" them to hold your funds due to some unethical terms they tend to add in.

Be cautious people.

Primedice will be lowering its minimum withdrawal due to the feedback from this thread. Thank you all.

It is still a bonus though, but do you really expect a gambling site to give you free money? Why would anyone give anyone free money right? The bonus are really just that, "bonuses". They are not free money. There are terms and conditions to them to get them. That is why it is also part of the gamble. You are gambling whether you will get the bonus or not, plain and simple. If you don't want the bonus, there is always the option to opt-out anyway.

This is the power of this forum.

All information related to crypto is updated here, it's the best thing about it.

I personally can't sit here in good consciousness and say welcome bonuses are scams. I personally use bonuses often not only for online crypto casinos but for normal betting sites as well. Now i always read the terms and conditions of any bonus offer before i accepted. Now if any site makes it mandatory where you have to accept bonus then i simply go to a different website until that bonus is over. I personally suggest never take a bonus that requires anything over a 40x  play requirements.

Yes, or without playing any game. Bonuses have wagering requirements so when you free x amount of bonus it's because you have paid y amount of commissions, being y usually x multiplied n times. The thing is, when you don't have a bonus, you just pay commissions and don't get anything back.

that is somewhat my point though.
we are talking about a Casino. and that is a business made to make money not to give money to the users. people go to gambling sites, the casinos, ... to "spend" money even if they think they go there to earn money. and in the end even if you win the jackpot you have been losing a lot of times which will negate that one win in total. either due to commissions or sheer total of losses.
that is why they make you make more and more bets because they always have the 'edge"...