- Massive 100% first deposit match
- Hundreds of free spins are included
- Multi-bonus welcome package
- A wide variety of games contribute
- Hefty wagering requirements
- Short one-week expiry period
Craze Play’s €1000 First Deposit Bonus – Your Best Bet for Big Wins
Craze Play Casino rolls out the red carpet for new players with a generous 100% first deposit bonus up to €1000.
Compared to similar new account incentives at other online casinos, the value of this starter pack is quite impressive. It’s also part of a larger welcome package at Craze Play, with additional match bonuses up to €1500 more, plus 50 extra spins available on your second and third deposits.
This new player promotion seems tailored to mid-rollers, giving you more bonus funds to explore Craze Play’s extensive selection of games. With up to €2500 in bonus money across your initial three deposits, you’ll have ample bankroll to try your luck on the slots and potentially win big.
The first deposit bonus provides an excellent opportunity to test the casino risk-free. If lady luck is on your side, all those bonus spins on Book of Dead could result in epic wins! Just be sure to acquaint yourself with the specific wagering requirements and fine print first to maximize this new member reward.
How to Claim the Bonus
To qualify for this new customer offer, you must meet Craze Play’s eligibility criteria. Unfortunately, players from over 50 countries are restricted from opening accounts and claiming bonuses.
After registering and confirming your identity, simply make a minimum qualifying deposit of €20 within 7 days to activate the first deposit bonus. All major payment methods are accepted, including credit cards, e-wallets, and bank transfers. Best of all, Craze Play does not charge any fees for deposits.
The introductory offer can be claimed instantly by depositing the required amount. There is no need to enter a specific bonus code. However, this new account incentive cannot be combined with any other promotions at Craze Play.
To get the ball rolling, the minimum deposit is quite modest at €20. But to fully capitalize on the maximum €1000 bonus, you’ll need to make a sizable first deposit. With so many convenient and secure cashier options supported, funding your account is quick and easy.
Once claimed, the clock starts ticking. Be sure to acquaint yourself with the wagering requirements and get some gameplay under your belt within the 7 day expiry period. Doing so will allow you to leverage this lucrative welcome gift fully.
Wagering Requirements
Before any winnings can be withdrawn, Craze Play requires you to wager the first deposit and bonus amount 40 times. Using the maximum bonus of €1000 as an example, a player would need to wager €80 000 to complete the playthrough requirements.
It’s important to note this rollover applies to the combined sum of bonus + deposit, not just the bonus amount alone. The bonus must be wagered in full within 7 days before it expires. Players should also be mindful of the max bet rule, capping bonus bets at €4 per spin or round.
The free spins attached to the first deposit bonus also come with wagering strings attached. Any winnings from the 200 Book of Dead spins are subject to the same 40x playthrough. In addition, there is a €100 max withdrawal cap applied to any free spin profits.
Overall, the wagering criteria are not unreasonable compared to similar new player promotions. But be prepared for some big bets and long gaming sessions if you wish to clear the total €1000 introductory bonus. Choose your games strategically and budget your bankroll wisely.
EV Calculation
Expected value (EV) estimates how much money you can expect to win or lose when wagering a bonus. We’ll calculate EV for the max €1000 first deposit bonus at Craze Play using two example slots:
Thunderstruck II – 96% RTP
- EV = (€1000 – €960) = €40
The expected loss is €960 based on the 40x wagering requirement and 4% house edge.
Jack and the Beanstalk – 94% RTP
- EV = (€1000 – €1600) = -€600
The expected loss is higher at €1600 with a 6% house edge.
Based on the EV of €40, wagering the max Thunderstruck II bonus provides a small expected return for the player. However, Jack and the Beanstalk bonus carries a risk of losing €600. These results illustrate the importance of choosing high RTP slots to complete bonus wagering profitably.
In practical terms, a player depositing €1000 and receiving the max €1000 bonus could expect to clear wagering with a final balance of €1040 by playing Thunderstruck II. But wagering on Beanstalk would likely result in a final deficit of €600.
In conclusion, carefully selecting slots with a low house edge is key to capitalizing on the Craze Play welcome bonus. Otherwise, even with the best of luck, bonus wagering could end up a losing proposition.
Game Contributions
At Craze Play, slots fully count 100% toward meeting first deposit bonus wagering requirements. Table games, video poker, live dealer, and other game types contribute 0% to rollover.
This is fairly standard, as slots tend to have the lowest house edge. Craze Play does exclude over 20 popular slots from wagering, including jackpot games which have country restrictions in certain markets.
So for example, betting €100 on slots would contribute €100 towards the rollover requirements. But staking €100 on blackjack or roulette would earn no progress towards bonus clearance.
This incentive is clearly tailored for slot lovers, with the full spectrum of slots and megaways counting toward wagering. Just be sure to avoid restricted games, as well as jackpot slots, which are completely ineligible for bonus play. Sticking to the right games and clearing the hefty playthrough requirements is achievable.
Bonus Withdrawal Details
Before you can withdraw big wins from Craze Play’s lucrative welcome bonus, there are a few final hurdles to clear.
First, extensive identity verification is required for withdrawals. Players must submit documents, including a passport, utility bill, and proof of address. This can slow the withdrawal process down considerably.
Regarding payout methods, bank transfers, e-wallets, and some voucher services can be used. However, bonus winnings are not eligible for immediate withdrawal. The full bonus amount must be cleared through wagering before any funds can be cashed out.
Withdrawal times range from instant to 5 business days, depending on the method used. Players should also remember that the first deposit bonus expires after 7 days. So, any uncleared bonus funds will be removed from your account.
While Craze Play’s withdrawal criteria are not unusually strict compared to other online casinos, the identity verification requirements may be inconvenient. Prepare to provide extensive documentation if you’re lucky enough to win big from the introductory bonus.
