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I admit getting uneasy doing a GA. I'm reading about region restricted bundle keys being not explicitly marked as such. Imagine the winner is (unfortunately) from an excluded region.
Do I have to research region restrictions on my own and how? How would I get a key for the region of the winner?
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With keys from trustworthy sources like Humble of Fanatical the SG community usually does a great job investigating and reporting region restrictions so your first place to go is the bundle thread here on SG. Since you're from Germany most keys shouldn't have region restrictions anyway. We in the EU usually get the good kind of keys that can be redeemed worldwide but there are occasionally some exceptions.
Another way to investigate is when you try to create a giftlink on Humble it shows you the region restrictions. You don't have to actually follow through creating a gift-link. You probably even shouldn't because using gift-links seems to be a great way to get your account flagged as a commercial trader and they'll deny support on any issues you might have in the future or even disable your account.
You shouldn't entirely trust that region restriction information you get from Humbe.
As far as I know they're usually not wrong (can be activated in all countries listed) but very often they claim the keys are more restrictive than they actually are (can be activated in many countries not listed by Humble). The information here on SteamGifts is usually much more reliable than what you get from Humble.
Hope that was somewhat helpful 😉 If I forgot something hopefully somebody else with more in detail knowleadge will help fill in the gaps.
Edit: Oh yeah, one last thing. Particularly some asian publishers like to issue keys that activate worldwide except a single asian country (often Japan). In that case I've heard repeatedly Support will reroll even without the necessity of the winner agreeing to do so because the creator acted to the best of their knowledge.
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Use this below link especially if you have bought a bundle and look up the relevant SG page for that bundle. I use it a lot when making giveaways from buying humble bundles and helps me avoid such issues.
https://www.steamgifts.com/discussion/C0hpX/new-master-list-of-ongoing-steam-bundles
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