Welcome Bonuses Terms and Conditions
In most cases in our lives, we seem to have grown accustomed to just accepting terms and conditions without taking the time to read what they have to say. However, this is a mistake that you simply cannot afford to make when NZ welcome bonuses are in question.
Terms and conditions at all of our recommended gambling sites in New Zealand represent the legal agreements between the casino and the punter.
These are the rules that you need to follow when you register and use the welcome bonus and they contain tons of valuable information.
Welcome bonuses are known for having the most extensive terms and conditions, but what exactly do you need to pay close attention to? Let’s take a closer look.
Wagering requirements are an essential part of all offers, even casino welcome bonus no deposit promotions. No matter which online casino you choose from our list, you can always expect wagering requirements to be present.
There is a simple explanation of what wagering requirements are exactly – they are shown as a multiplier showing the number of times you have to play through the bonus funds before you can make any withdrawals.
Let’s make an example here –you receive a NZ$100 welcome bonus that has 30x wagering requirements. Now, you need to play through the bonus sum 30 times before you can make any withdrawals, but that is not the only thing you need to be aware of. Some other important aspects of wagering requirements include:
- Stakes on some games do not count towards the wagering requirements;
- All winnings you generate will be in your pending balance until you meet the wagering requirements;
- You cannot withdraw from your pending money balance;
- You can spend the pending balance by completing wagering requirements;
- There is always a time limit in which you can complete the wagering requirements.
Only when you complete the wagering requirements, a withdrawal will be possible. In terms of good and bad wagering requirements, most often, you will see bonuses having between 30x-40x wagering requirements.
This means that if you encounter an offer that has anything below that, we can consider it as the best online casinos welcome bonus. Anything above 40x falls under the category of casino extreme welcome bonus and you should avoid it, especially if you are a casual gambler.
Up next, every welcome bonus has a minimum deposit amount attached that you have to make in order to trigger the package.
As you would imagine, different online casinos in New Zealand have different minimum deposit rates, but you can usually expect something in the region of NZ$20. If you are not happy with the minimum deposit required at our recommended welcome bonus casinos, then you can check our list again and choose one that matches your wallet better.
Payment Method Restrictions
This is often an overlooked aspect of welcome bonuses terms and conditions. Almost always, there are certain restrictions when it comes to the payment methods you can use when claiming the welcome offer.
Most commonly in New Zealand online casinos, certain e-Wallets such as Skrill or Neteller will be excluded from the list of eligible payment methods you can use to trigger the welcome package.
We know how popular e-Wallets are among Kiwis when gambling online, so you are best advised to check whether there are such restrictions before you proceed with claiming the welcome offer.
Game Restrictions & Contributions
It is not just the wagering requirements that you need to pay close attention to when using the welcome bonus in the casino’s game library. It would be easy for players to complete the wagering requirements on some low house edge online casino games such as blackjack or online roulette.
By using low-risk strategies, you will increase your chances of completing the playthrough requirements and making a withdrawal in the specified period.
So, you can imagine that online casinos in New Zealand are not particularly fond of these tactics, so there are always game restrictions and contributions you need to adhere to.
Online pokies will typically count 100% towards the wagering requirements, as they are games of chance with a big house edge. Live casino games and table games mentioned above will usually count between 0-50% towards the wagering requirements.
All welcome bonuses in our list have time limits attached. You won’t be able to use the bonus indefinitely, so you have a specific time frame in which you have to fulfil the wagering requirements.
Even if there is a combination of a deposit match bonus with a free spins package, you will have separate wagering requirements and time limits for both offers. Usually, you can expect to have around 30 days to complete the wagering requirements for the deposit match offer, while free spins are valid for a shorter period.
Always make sure to check the time limits with each welcome bonus you claim, as you don’t want to miss the deadlines and lose your potential winnings.
All online casinos active in the New Zealand gambling scene have a maximum winning clause that is there to protect them against astronomical wins.
These types of limitations ensure that the risk of bonus abuse is smaller, so you cannot expect wins to go into millions with welcome bonuses.
There are certain bonuses that don’t have maximum winnings, but it is a very rare situation. Usually, if you see a welcome bonus that has lower wagering requirements than the average in the industry, the more likely it is that there is a restriction on the amount you can win.
No Combination With Other Bonuses
Lastly, it might seem obvious, but new casino players in New Zealand need to know that you can only have one bonus at a time on our recommended sites.
You cannot use an additional deposit or no-deposit offers until you are done with the welcome bonus. Only after you hopefully complete the wagering requirements of the welcome offer, you can head to the promo section of the website and see what else you can claim.