Have you ever turned a Welcome Bonus into real money?

[Pmalek]

I have personally never been fond of Welcome Bonuses and don't claim them on new casinos unless they are incredibly favorable to the players. I don't remember many that belong in that category, though. When I see wagering requirements of 30x or more, I don't find any appeal in trying my luck there. However, every gambler is different. What one person doesn't like, another may like.

I am sure we have many players on this forum who have claimed welcome bonuses in the past and perhaps even succeeded in meeting the wagering requirements and turning them into real money in their account balance that they can play with or withdraw.

I would like to know if you managed to do that and how?
How many times did you do it?
What were the wagering requirements and other terms you can tell us about?

I tried to find some studies with concrete stats and numbers, but there is almost nothing published on this subject. I am not surprised. Casinos will keep that information close to heart, and players may or may not tell the truth.

Local Rules:

- I will be self-moderating this discussion because I don't want it to turn into a promotion of the casinos in your signature space.
- You are not allowed to shill any casinos. If I consider your post a low-effort, cheap attempt at promoting a particular brand, I will simply delete it.
- Off-topic posts that only comment on how good and wonderful casino X is and what great bonuses it has will be deleted.
- You can mention names only if it's relevant to what you are talking about. If not, leave it out.
- Stay on topic and stick to the question being asked, please.

[DPHOR]

To be honest I have never turned welcome bonus into real money on my balance but however, whenever I noticed there is a bonus at first I moved straight to read the requirements and if they are not that favorable to me then I quickly skipped it and continue playing without undermining the bonus.
I am not a fan of those who jumps from casino to casinos in search bonuses or whatever because I knew that they also has a lot to do with requirements and whenever a Gambling site gives you bonus it's assumed that they are really wanting to entrapped on their gambling site so those who knows all these tricks can never be moved for any reason.

[Charles-Tim]

My post on this thread will be similar to this recently discussion, but which is a bit different from this thread. This was what I posted on the thread:

I have not tried to hunt such bonuses before, but I have coincidentally saw like 3 or more before. There was one gambling site that I deposited money, the bonus was 100% but it was divided into 10 places that I can use to gamble. I did not later use the bonuses because of how it was divided into 10. There was one I was given the bonus but I lost the bet because I had to win at least 3x of the bonus before I can withdraw, but I can also withdraw the bonus and the money won. There was a site that I will not be able to withdraw the bonus but I can withdraw the money that I won with the bonus. All of these were not becuase I was chasing bonuses. I do not like chasing bonuses, but If I see one, I can go for it. Despite the rules and requirements, it is still a free money used to bet.

I remember now that I had also been given 3x profit as the requirement before and I won it. But there were times that I also lose the bonus, but won more money.

Just try your luck one day, at least it is bonus, like locked free money.

I am also lazy to go for bonuses, although there are times that I go for them.

[Orpichukwu]

I have tried a couple of times both at a local casino and at most of the crypto casinos. I have not been able to win and meet all requirements for withdrawal, which have made me give up on the welcome bonus. The only time I made a free winning and withdrawal was when I was offered a freebie here in this forum to test a casino, and I was able to raise the amount to $45, which I withdrew. Aside from that, I can’t recall.

[stompix]

So, specifically, welcome bonuses?

Never! The "trick" to get over those ridiculous wagering requirements that came with those fancy 100% or 200% deposit bonuses is to hit the jackpot while you play , basically earning you enough that you can then afford to play normally and let you keep breadcrumbs at the end of it. Well, I never managed to get one that was that much to allow me to roll it 20x times.

Unfortunately, at 30x requirements, math is against you, the problem is that your bank goes smaller each round, and the requirement is still 30x on the initial bonus.
For example, if your bonus was $100 and you played it once and you ended up with only $50...well, you need to roll that $50 58 times more 

I'm pretty sure the topic will confirm that, unless you had a big win during this, you lost!

[Ever-young]

Its better to let the bonus slide because even if one wins with the bonus, the casino will take half of your wins because that has happened to me many times, but its good as one its not betting with their own money and even they win huge money from it, they can decide to stop gambling as they make use of the win properly and if lost, its not good for one to chase after it, as that is when it gets dangerous because it might get out of hand and leads to addiction that will cause one destruction.

[KiaKia]

Thank you for asking this, I have been wondering too because I've only got lucky with welcome bonus just once, and that time was my early days as a gambler, I wasn't that a very smarty person at the time.

Now it seems like welcome bonuses aren't for real, they are like the type of money you get on demo accounts while learning how to trade, I don't know what else to call it than this, pretty hard to win with welcome bonus.

One time like that I got a huge welcome bonus from a online casino and I used them all not on a single day, but I don't win anything, right now I don't care more about welcome bonuses like I used to.

[Dunamisx]

The welcome bonus is just an opportunity for every gambler to be able to use it to gamble and also meet certain conditions, and if you are lucky enough to win your bet, that is just the beginning of another era of gambling opportunity for you on that same platform, this has really helped several gamblers, who find it a great opportunity to play and also win real money from the casino.

[WhoYouCantKill]

The only thing I've only succeeded to do with the welcome bonus was to win a couple of games with it, which was not even up to a withdrawable amount. The casino's term was that I'll have to raise the amount to a particular threshold. they gave me around $10 and I was to raise it up to around %50 or so, I managed to raise it to $40 and just one game away from hitting the threshold, I lost everything, which made me so angry, and disliked bonuses from then, because there are always terms and conditions attached that won't really be easy for one to reach.

[Joca97]

Welcome bonuses like 30x wagering requirements are just pretty bad,i dont like them at all because its really hard to complete it,you will lose the money surely chasing this kind of bonus,but its still possible to make that requirement with some luck. The smart thing to do is deposit a smaller amount and then once you have how much you have to wager you add a bigger amount of money into your account and with that amount you can increase your chances and get that bonus. If im trying to get a welcome bonus i would try and analyse lots of bookies and see who gives the best possible offer so i can achieve that goal.

[lionheart78]

I never had any experience where I was able to turn the welcome bonus into real money.  It is quite hard to turn to real money, not because of the wagering requirement, but because of the limited games that can be counted toward the wagering requirement.  Since the wagering requirement is 30 to 45 times, playing on limited games will worsen the possibility to hit a good win because most of these games degrade the winning chance if played for too long.  Thus, it will give a good win during the early spins and later give consecutive losing streaks, and the losing streak increases the longer the game is played.  With a 30 to 45 times wagering requirement and limited games allocated for the wagering requirement, being able to turn the welcome bonus into real money requires tremendous luck, and this kind of luck does not come often.

[ryzaadit]

Yes, once.

In some Asia casino. The suitable from my opinion is around 10x waggering to need at least you as the player have a good chance for completed the bonus but the problem is the amount money bonus you can get is very limited.

Usually some casino who having 45-50x waggering will have bigger amount you can get but for 10x you cannot expect anything bigs.

[Nightwalker(NW)]

From the vote I have to go with once because then I have enough balance but I wanted to use the first time bonus to make out something from it, although I didn't really expect that I could win something from the first time bonus and I met the 20 percent wagering requirements.

However, after winning I still end up losing it back to the casino because I was actually expecting something higher than expected. That js why is not good to be greedy a bit while gambling because whatever profits you made from gambling should be enough instead of fighting for additional winning which could end up draining the initial winning.

[Mia Chloe]

~snip

This brings back some kinda bad memories for me. Honestly some casinos are disgusting and I think I'll say one of them is BC game. I made a deposit and played then lost till I got around $0.45  left in my account so I just forgot about it. After a long while I just wanted to have some fun and I began staking with it and I literally took it up to $15.

I was so happy not because of the size of the balance but because it was a really cool winning streak and I requested a withdrawal. They refused to pay out and began asking for my national ID and voters registration which makes no sense at all considering how they ran their ads on the forum.  Yeah it wasn't a direct welcome bonus but it was a huge flip.

After that useless incident I just got rid of the account and I don't think I'll ever bet with them again. Fact that they made me angrily blow it all because they refuse to payout is very disgusting.

[Ruttoshi]

I don't like welcome bonus because of the wager requirements and most times it's difficult to make profit from bonuses and withdraw them. I haven't been lucky on it even though, I have tried several times which made me just ignore it totally.

However, if you are lucky, it's possible for you to win big with welcome bonus because I have seen someone who was lucky enough to win a reasonable amount of money using his welcome bonus. One thing is that, if you didn't win, don't miss the fun.

[Moreno233]

I have hard welcome bonus in several cryptocurrency casinos and not once have I turned it into real money. I think the problem should be the wagering requirements that is always too difficult to meet. There was one that I almost met the requirements but I got greedy and impatient, so and increased my bet size to be able to hit it faster. Consequently, I lost a balance I had already done over 20x and close to x35 which was the target. I will never forget that experience that made me hate bonuses that come with huge wagering requirements.

[Findingnemo]

I ignore any kind of bonuses coming from any casino even on the platforms I play regularly for the same reason of 30x, 40x wagering requirement because in my opinion it isn't worth the risk, which it is kind of forcing me to gamble more than what I intend to.

But I had seen people claim they redeemed their welcome bonus with strategies on crash, dice with low multiplier and even to an extent on some originals.

[Odohu]

The only time I have turned welcome bonus to real money was in one of our local casino. I think it was even possible because the wagering requirement was just 2x which I was able to meet with ease and made withdrawal. I have tried many times in some of the online casinos that I play in but have not been lucky to meet the requirements. Although I have turned free bets to real money but since the post is not about that, I don't think it is worth giving details on this.

[Jubilee58]

I do claim casino bonus sometimes, but have not been able to convert it into real cash. I tried it many times but I failed.
Casino bonuses are not without conditions, and this makes it so difficult for many gamblers to to be able to convert it into real money because of their wagering requirements.
Presently, I no longer go for bonuses, because I look at it as a waste of time on my own part. Nevertheless, I still fill all gamblers are not the same, and their might be better strategy that some gamblers uses to achieve it. I have equally known someone who has converted casino bonus into real cash, but as for me I have not.

[Cryptomultiplier]

Its just a trap for me, the way I see it, so I don't bother trying to fulfill the requirements to turn the welcome bonus into a real cash. Sometimes the total cumulative worth of bets to claim the bonus is often much more than the bonus given and would require one to use more funds than they can afford to lose which makes it all the more like a greedy move to me, so why bother.

To actually turn the bonus into real money may require much more than just paying off the requirements at once, because patience, and understanding of mathematical variances is needed to stay steadfast until the restrictions drop off and that may mean more play time and resources before such could happen.