Have you ever turned a Welcome Bonus into real money?

[red4slash]

I have never made this as real money and the reason is probably pretty much the same as you do. the requirements are too hard for me to reach even though maybe I could have done it when I got lucky but in the end I rarely to make this a priority.

Welcome Bonus or there are many other bonuses do look very profitable but when we are not aware of the risk of losing due to too serious chasing the bonus then it could be that the deposit we make is wasted just because it is not able to meet the requirements that must be played but still try it.
So that I will just ignore bonuses like this and will play according to my will regardless of later maybe it happens to be cashed out or not it is not a priority that I have to do from the beginning.

Based up on the poll, majority of gamblers voted or choosed that never been able to make money with those welcome bonuses on which simply means that majority of us do lose up that deposit amount + welcome bonuses and thats something given or something in default, right? There might be able to to those gamblers who do able to get out and able to make withdrawal on hitting the wagering threshold but majority of us are losers and thats why whenever on getting these bonuses then dont expect something that you would easily be able to get out and thats the reality of this rather than on making yourself delusional. Thats why its important that you should really be that only making use of the amount that you can afford to lose and think up that once you have deposit your money then consider up these amounts to be completely lost.

Because since the beginning of its very large requirements make us difficult especially with the nature of gambling which has a defeat rate that is much greater than the winnings so do not deny that this can happen where we will only be losers when forcing to chase x30 or even more as a wager to claim a deposit bonus.

There will always be a small percentage who succeed but this ratio should not be a comparison because the difference is quite lame.
On the other hand I think some of us (maybe in this forum there is also) there will always be those who make this as the ultimate goal as a bonus Hunter because on some occasions gamblers of this type always try to get bonuses and become hunters when there are promos like this especially for new sites.

[iv4n]

How many times did you do it?

+5 times, in +10 years of crypto gambling. If I take a guess, I would say I had over 50 tries...

I would like to know if you managed to do that and how?

Luck! With slots, it's always about luck... I was lucky to hit some huge payouts at the beginning, huge like over x500, x1k. After that, it's just playing different slots with higher stakes, but even that can be tricky... a few times I busted it, because even after some big hit we need to play more and to survive we need more "nice wins"...

What were the wagering requirements and other terms you can tell us about?

The best bonuses have wagering requirements and a max bet ($10). x40 is most common, x30 & x35 are rare, and if you see under x30 it's a great deal. The last bonus I finished was months ago (maybe even a year)... I finished the bonus and after clicking on "claim bonus", I noticed that my balance was lower than it was. That's the first time I found out what the "max claim" rule stands for... after that, I started reading bonus ToS.

[Cointxz]

I never claim a welcome bonus from casino that offers insane rewards like x100% deposit bonus or more plus massive free spins since they usually have exaggerated wagering requirements.

However, there’s a casino before which Livecasino that offers fixed bonus like 5mbtc more or less which is equivalent to 100$ IIRC that has low wagering requirements and I managed to claim it in profit.

It’s hard to find crypto casino these days that offers actual bonus that they are willing to give.

[Pi-network314159]

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.

I will not be lieing about it though, I have managed a welcome bonus but never succeed succeed.
And I only did it twice but I never succeeded in any.
The wagering requirements is that you need to gamble with the bonus to win and withdraw, you can never withdraw The welcome bonus. And it was frustrating because I keep on Gambling till I lose all the bonus and the initial deposit.

[Pmalek]

There are 20 votes so far. 11 people voted 'Never', and four people voted '1 time.' Surprisingly, there are two votes for '5 times or more.' Honestly, I find that hard to believe.

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...

I guess what you were trying to say is that you ended up losing the money you won because of the subsequent wagering requirements tied to the winnings, right? Normal casinos don't take back and steal your winnings.
When you say that you are not betting with your own money, you are. The thing with welcome bonuses is that you will first be playing with your own money and when/if you lose that then the casino starts spending the bonus money. At best, it takes an equal sum from your deposit pool as from the bonus pool.

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...

I am sure there aren't more than a handful of crypto casinos that offer such low wagering requirements. Those are difficult to come by.

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.

There are usually game limitations tied to welcome bonuses. Most of the time you have to wager them on specific slots and casino games with higher house edge. It's not very common that you will be able to play through such bonuses on high RTP games.

[eisen33]

I used to think that the welcome bonus for making your first deposit was a bonus every player could receive, but I looked at the wagering requirements at several casinos and eventually realized it was a marketing ploy and the wagering requirements were too high, making it nearly impossible to claim and withdraw. I prefer the free bets you can get from casino contests, they offer more realistic wagering requirements and even allow you to earn a few dollars that you can withdraw.

[Wakate]

In several cases, turning a welcome bonus after you have been asked to make an initial deposit before you can be allowed to use the bonus to bet with wagering requirement attached to it is never easy to turn them to real money.
There are players that already have problem with luck and making profits using free spins can be a hard scene for them.
Not everyone will be lucky and also not every gambler will become profitable using free spins.

[Strongkored]

I've tried it a few times, and the results weren't good. And now I'm no longer interested in claiming a welcome bonus because the rules make it impossible to convert it into real money and withdraw it.
I think it's nearly impossible to get a low wagering requirement for a welcome bonus, and I suspect players who claim it are simply trying to level up their accounts, not convert it into real money.

[danherbias07]

I did turn the cashback or rakeback into real money, but never with a welcome bonus.

It's difficult, or it is meant/programmed to lose. I think that's how it is. It's very rare to hear a gambler tell a story about turning a welcome bonus into real money, and even if they did, we don't really know if they are telling the truth or just making a story for advertising.

As a player, I can say most of my big wins came from deposits without any bonus that was given. Also, after playing for a long time, I can see the difference in the results that will come out in slots and casino games when you are using deposited money or a bonus/rakeback. Way different.

[Findingnemo]

~
As a player, I can say most of my big wins came from deposits without any bonus that was given. Also, after playing for a long time, I can see the difference in the results that will come out in slots and casino games when you are using deposited money or a bonus/rakeback. Way different.

It is another way of saying the system is rigged and casinos are offering cashbacks but not letting anyone to win real money with it. I can't speak because I don't really use any bonus things but it should not be any different for one another or else the game is already rigged and we should avoid the game and the platform completely if that is more evident.

[LastKiss]

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.

If I see this I usually skip it immediately. After I make a deposit on certain casino platforms the bonus is applied automatically without me claiming it manually if I can choose I will choose to not apply the bonus. Whenever I see a normal wagering requirement like 30x, 35x, 40x, etc. automatically applied to my account I ask customer support to remove the bonus immediately before playing.

If it's only a 10x wagering requirement I'll usually give it a try. I've managed to clear a 10x wagering requirement before but it wasn't that profitable so I wonder whether bonuses with wagering requirements are really worth it.

I would like to know if you managed to do that and how?
How many times did you do it?

I mainly play slots and last time luck was on my side that day, so I was able to clear the 10x wagering requirement. That's pretty rare happen to me since 10x wagering requirements aren't something you see very often nowadays.

[Akbarkoe]

The problem of many welcome bonuses that I claim in many casinos that I have done during my gambling never get it into real money that I can withdraw to my wallet, most stop at 10x the bet I win but the average requirement must be from 20-50 times the bet moreover in some casinos only require in some types of games or types of bets, therefore since 2 years ago I did not have great expectations about the welcome bonus, I used it just to try the casino only.

[Mr_Brilliant$]

To be honest, Me i barely even get welcome bonuses, talk more of turning one into real money.. I have not really been lucky when it comes to that..  The few time I got one, i did not really take it that serious ngl. I just didn’t feel like the chances of actually making money off it is high..

So personally, I don’t have any success story with making real money off welcome bonuses. Maybe other players have managed to beat the requirements, but for me, it has never happened..

[Ever-young]

It is another way of saying the system is rigged and casinos are offering cashbacks but not letting anyone to win real money with it. I can't speak because I don't really use any bonus things but it should not be any different for one another or else the game is already rigged and we should avoid the game and the platform completely if that is more evident.

Even though I don’t actually have any evidence or proof that this is true, I honestly have this kind of mindset towards issues that concerns bonuses and promotional. I’m of the opinion that the casino business is a business, and the sole aim of every business is to make profits, so I believe this is the major aim that drives every decisions made by the casino, so even when bonuses are given, it is nothing more but market strategy to increase their profits.

[Samlucky O]

I have only done it once and I won, although I almost gave up hope after several attempt of using my bonus to gamble and lose repeatedly, at a point I even though it was going to be a waste because I have been playing and losing until the last game won. The only thing is that it comes with an option of using the bonus to gamble to win before you can be able to withdraw it. I initially wanted to withdraw the bonus because it was tempting, but I guess I had no option than to use it and gamble, but hopefully I won. I still have one that I haven't use up till now, but I will use it this week to gamble.

[Dr.Bitcoin_Strange]

I remember I have received a free bet coupon before as a welcome bonus, I managed to double the money up to the amount in the bonus that was given to me, initially I thought that once I double the money I could withdraw both the bonus money plus the one I won but I didn't realize I can only withdraw the wins, that was the easiest welcome bonus I know I have been lucky to make small profit from, apart from that, the one bonus which the wagering requirements is usually high, I have tried a few times but end up losing the money, that's why I don't even go after bonus except for the one I feel could be easy to get.

[YOSHIE]

Have you ever turned a Welcome Bonus into real money?

Talking about the bonuses offered by the online gambling site, I immediately became emotional when I heard it, especially with the welcome bonus, it really made me sick and hopeless. I realize and think that the free money prizes that are often offered by online casinos cannot be enjoyed immediately, it's all a strategy used by the bookies, in my experience every time I take a bonus, I always get stuck with ridiculous betting conditions. as well as the expiry period and what is most annoying are the rules and boundary conditions for this type of game, this really makes me emotional.

I imagine you have a bonus that is not much, then you are tied to betting conditions, for example 30x to 50x, these conditions must be met, you can also imagine that in addition, the bonus does not apply to all types of games, only allowed in certain games, aren't you annoyed with these rules, for that ridiculous reason I never get a bonus to make real money let alone enjoy it, Not to mention that this maximum withdrawal requirement really doesn't make sense to me, for now I often ignore any bonuses in online gambling, they are not interesting to have.

[aioc]

I only did it once; the requirement wasn't that high, but afterwards, all the other bonuses I received just made me realize it wasn't worth it. I then prefer to play at my pace and my preferences with no requirements to complete.

Bonuses are for serious gamblers who want to be challenged and take risks, but not for average players like me, though some average players like to go for it and succeed, it's really a case-by-case basis.

[Agbe]

Yes and that should be depends on the game. There games the requirements are higher while some are not and most specifically sports betting, the requirements are not that high. From experience, I have used bonus given to me to bet and won but the bonus I got from the casino was bigger than the winning. And for that I could not meet up the withdrawal requirement so I still lost them again and another casino game be bonus on slot games, I still beat the wagering requirement and withdraw.

[HelliumZ]

No, I was not able to withdraw the welcome bonus or convert it into real money. These are basically tricks used to attract users to a casino. When a casino site offers a welcome bonus, most new users consider it real money and register an account, but later the casino authorities add multiple conditions to the welcome bonus. These conditions are very difficult for a user to fulfill and after completing multiple steps, they give up hope. I also failed to withdraw the welcome bonus after receiving multiple conditions multiple times. However, I was able to withdraw that dollar by winning from freebet.