Whenever you play online casino games in NZ, the odds are stacked in the casino’s favour. You need all the help you can get to improve your win rate, increase your bankroll and minimise your losses. Whereas online casinos are in the business of making money, they recognise that will not happen if they do not give prospective and existing users compelling reasons to join and play. 

The welcome bonus is one such perk. Let’s take a look at NZ online casinos that have the biggest welcome bonus and delve into key factors such as how to compare bonuses, bonus limitations and wagering requirements.

Biggest Welcome Bonuses in NZ 2024

Welcome Bonus: Up to $7,500 + 550 free spins

Wagering requirements: 50x

Payout Rate: 96.95%

Payment methods: Visa, Mastercard, PayID, Maestro, Neosurf, Neteller, Skrill, ecoPayz, Paysafecard, Bitcoin

Welcome Bonus: Up to $1,600

Wagering requirements: 70x

Payout Rate: 97.84%

Payment methods: Visa, Mastercard, Neosurf, Neteller, Skrill, ecoPayz, MuchBetter, Paysafecard

Welcome Bonus: 5 FREE SPINS (no deposit), & 100% up to $1,200 + 50 wager free spins

Wagering requirements: 30x

Payout Rate: 97.27%

Payment methods: Visa, Mastercard, Neosurf, Paysafecard, Skrill, Apple Pay, EcoPayz

Welcome Bonus: Up to $1,000 + 200 Free Spins

Wagering requirements: 35x

Payout Rate: 96.5%

Payment methods: Visa, Mastercard, Neteller, Skrill, ecoPayz, Paysafecard

Welcome Bonus: Up to $1,000

Wagering requirements: 70x

Payout Rate: 97.59%

Payment methods: Visa, Mastercard, Apple Pay, Neosurf, Neteller, Skrill, MuchBetter, Paysafecard

Welcome Bonus: 20 FREE SPINS (no deposit) + up to $800

Wagering requirements: 35x

Payout Rate: 97%

Payment methods: Visa, Mastercard, Skrill, Neteller, ecoPayz, Paysafecard, Direct Bank Transfer

Welcome Bonus: Up to $750

Wagering requirements: 70x

Payout Rate: 95.27%

Payment methods: Visa, Mastercard, Paysafecard, MuchBetter, Skrill, Neteller, Skrill 1-Tap, Flexepin, Neosurf

Welcome Bonuses Explained

Welcome bonuses are offers that casinos provide to new players as an inducement to get them to join, make their initial deposit and play. They may also be offered to existing players as an encouragement to play a newly launched game. Welcome bonuses may take the form of free spins, match bonuses, or a combination of both. 

For example, if you deposit $200 in a casino with a 100% match bonus welcome bonus, you get a bonus of $200. You effectively have $400 to play with. 

For the online casino, the welcome bonus can be a powerful marketing tool to draw and engage users. In a marketplace where different online casinos have remarkably similar games, welcome bonuses could be the thing that sets a casino apart from its peers.  

From the player’s perspective, welcome bonuses mean getting opportunities to play without risking their own money. It provides a path to dabble in different games before identifying the ones they want to settle on. Welcome bonuses enhance that initial gaming experience by creating more chances to win and extending playtime without a commensurate increase in expenditure. 

Factors to Consider When Evaluating Bonuses

To perform a real like-for-like comparison between casinos’ welcome bonuses, take note of each of the following factors: 

Bonus Amount

It’s not everything but it’s certainly the most important answer to the question of which online casino has the biggest bonus. Generally, the bigger the better. However, a big bonus is only as important as its compatibility with your game interests and gambling budget.

Wagering Requirements

Wagering requirements are the number of times you have to wager the bonus and its winnings before you can withdraw the associated winnings. The lower the wagering requirement, the quicker you can withdraw the money. Also note that not all games contribute an equal amount to wagering requirements. Table games such as blackjack and roulette usually only contribute around 10% towards wagering requirements.

Validity Period

Welcome bonuses are not indefinite. They have a timeframe within which the wagering requirements have to be met so that withdrawal is permitted. Check that the validity period is a timeline you can work with.

Game Restrictions

Free spins are usually limited to a particular game selected by the online casino. The free spins may not be of much use to you if it is only available for a slot that you have no interest in playing.

Limitations of Bonuses

Welcome bonuses may have terms that render them too expensive to utilise. Beware of hidden limitations and costs, as not all online casinos will be upfront about the caveats. 

Importantly, pay attention to the following:

High Wagering Requirements

High wagering requirements effectively place bonus winnings beyond reach. Some online casinos will have an unusually large welcome bonus to attract new players. However, it can also be accompanied by high wagering requirements that make it virtually impossible for any player to satisfy.

Expiration Period

Your welcome bonus has an expiry date within which it must be used. Failure to meet wagering requirements within this timeframe means forfeiture of the bonus and any accrued winnings.

Cap on Maximum Winnings

Welcome bonuses can place a limit on the amount of money you can win. If you run into this ceiling too fast and well before the bonus expiry, you may feel short-changed by the restriction on your earnings.

Game Exclusions 

Read the bonus terms to see the games you can play with it and which ones are excluded. Excluded games can be frustrating if all of your favourites are locked out of the promotion.

Wagering Requirements Explained

Wagering requirements are also referred to as rollover or playthrough requirements. They are expressed as a multiplier. For example, for a $100 welcome bonus with a 30x wagering requirement, you have to wager (or place bets worth) $3,000 - $100 multiplied by 30 - before you can withdraw the bonus’ winnings. 

Wagering requirements are a control to prevent abuse of the welcome bonus. Without the requirements, users could sign up for a new account, play with the bonus, immediately withdraw their associated winnings and close or abandon the account. Too many players doing this would endanger the casino’s financial viability.

How to Claim These Bonuses

The exact process for claiming welcome bonuses may vary between online casinos, but most will more or less involve the following steps:

  • Create your online casino account and provide any information required.
  • Make your first deposit to activate the welcome bonus (unless it’s a no-deposit welcome bonus but these are very rare).
  • To get the bonus credited to your account, the casino may require you:
  • Enter a code to claim the bonus,
  • Navigate to the promotions section of your account to accept the bonus,
  • Or the bonus may be automatically applied.
  • Check the wagering requirements and start playing games that will contribute to achieving this quickly.
  • When you satisfy the wagering requirements, you can withdraw your winnings that you have.

Conclusion

Whether you are new to online casinos or are a seasoned player looking for a new casino, welcome bonuses can be an effective way to boost bankroll, enhance game experience and increase gameplay time. 

While you might want to sign up to casinos that have the biggest bonus, pay attention to the terms and conditions. Make sure the advantage of a large welcome bonus is not negated by wagering requirements, winning caps, validity periods and game exclusions. Weigh up the strengths of different welcome bonuses to find the one that suits you best.

About the author 

Peter Clayton

Peter is one of Indivisible Gaming's developers and has been working with us since 2015. When he isn't busy working on an upcoming game, he loves writing about all the games that he has played and tested. His experience in the industry is second to none, and we are grateful to have him on our team.


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