Ladbrokes is one of the most well known online gambling emporiums based in the UK. One of the reasons the site is so popular is because it offers a unique welcome bonus. As the name suggests, this is a bonus where funds are credit to a new member’s account for just signing up.
The bonus itself is quite generous: it is a 100% matching bonus for up to £500 on an initial deposit. So, if you were to open an account with £100, you would receive another £100 giving you £200 in which to wager. For those wishing to make more bets or to increase the amount of their bets, such a welcome bonus can be a very good thing.
Of course, there are rules in place when it comes to accessing the bonus money for a withdrawal. The rules are straight forward. Specifically, there is a 30 times turnover rule in place to procure the funds. Until the bonus amount has been turned over 30 times in the casino, it will not be moved to the wallet (cash account) of the player to be withdrawn. However, the funds can continue to the used to place bets.
On the surface, it might seem as if the casino is trying to entice people to sign up with an amazing offer only to turn around and then not honor the commitment. That is a harsh assessment that is not entirely accurate. The truth is, the casino does need to protect the integrity of the bonus system. What is does not want is someone procuring a huge bonus, making a minute couple of wagers, and then withdrawing the money and beating the casino out of its funds.
To make sure the bonus money is not taken without playing, turnover rules will be put into place. Such protections allow the casinos to offer these generous bonuses.