To make sense of "free spins keep what you win", start with how the offer is built. A welcome offer is rarely one bonus. It is usually a package spread across several deposits, each with its own match percentage, ceiling and conditions, and sometimes with free spins attached. The headline adds the parts together, which makes the whole look larger than any one step. Taking the package apart shows what each deposit actually earns and what it asks in exchange.
Packages split across several deposits release each tier only after the previous one is claimed, and often only within a set number of days of registration. Later tiers tend to carry smaller percentages. Each tier normally has its own wagering requirement, and some casinos stack them, so an unfinished requirement from the first deposit blocks the second. Reading the tiers as separate offers, each with its own cost, shows which of them are worth claiming at all.
A match bonus adds a percentage of the deposit, up to a ceiling. A hundred percent match up to a stated maximum doubles a deposit that stays under the ceiling, and adds nothing to the part above it. Higher percentages usually come with lower ceilings or heavier wagering. Comparing offers by the bonus a planned deposit would actually receive, instead of the largest figure in the banner, keeps the comparison honest and often reverses the order of two offers.
Questions readers ask
How are the tiers of a welcome package released?
Each tier unlocks only after the previous one is claimed, often within a set number of days from registration, and later tiers usually match smaller percentages.
What are reload offers?
Bonuses that return after the welcome package, often weekly, with smaller matches and the same kind of wagering attached.
Is there a minimum deposit for a welcome bonus?
Every offer names a qualifying deposit, and a payment below that minimum earns no bonus at all.
Why do no deposit bonuses have tight conditions?
No deposit offers give credit or spins for simply registering, so casinos pair them with high wagering, a low withdrawal cap, a short deadline and one claim per household.
Can every payment method claim a welcome bonus?
Not always. Terms often exclude certain methods, commonly electronic wallets and prepaid cards, from welcome offers.