Welcome Bonuses, or sign-up bonuses, are a form of casino bonus that is given out to new players who join an online casino and are used to attract and reward the players. This is one of the biggest advantages casinos have over their land-based siblings, as these don’t normally reward new players. A welcome bonus can be a great way to get players to enjoy a casino initially, without having to deposit vast sums of cash into their casino accounts.
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How does a Welcome Bonus work?
Many players who are new to the online gambling world may be wondering just how a casino welcome bonus works. In truth, it couldn’t be easier. All a player needs to do is create an account with an online gaming platform, and they’ll be eligible for the Welcome Bonus.
The casino will inform players of what they need to do to claim the casino’s welcome bonus, normally making several deposits into their casino account. As these deposits are made, the casino will give the player their bonus. There are several different types of bonuses that online casinos can use for the welcome bonus, let’s have a look at what they are.
Types of Welcome Bonus
When it comes to making up a welcome bonus, casinos will usually put together a series of different types of bonuses to make up the casino’s welcome bonus. Below are explanations of the different types of bonuses you could come across.
Deposit Match Bonus
The first way a casino will make up their welcome bonus is with a deposit match bonus. As the name suggests, this is when the casino will match a deposit made by the player. This is normally the first part of a welcome bonus. A casino will normally say something like 100% Bonus up to $100, meaning that a player can deposit up to $100 and they’ll receive another $100 to play with, doubling the amount in their account. If you deposit $70, you’ll receive an additional $70, however, if you deposit over $100 into your account, you’ll still only receive $100 extra.
Percentage Deposit Bonus
The bulk of the welcome bonus will be made up of percentage deposit bonuses. These bonuses work almost identically to the deposit match bonus mentioned above. However, the casino won’t match your deposits, rather giving you a percentage as a bonus. The percentage can vary, but the most common variants are 75%, 50%, and 25%. In some rare cases, casinos can even offer 200%, doubling your initial deposit with the casino.
Percentage Deposit Bonuses would look like this:
- 75% Deposit bonus up to $200
- 50% Deposit bonus up to $100
Another bonus type that many casinos love to use these days is free spins. Typically, these will be given away when a player makes their first deposit. Normally an online casino will specify which online slots these free spins can be used on, and this also helps an Internet casino to promote new slot games.
Example of a Welcome Bonus
Now that you know how all the different bonuses work, below is an example of a typical welcome bonus.
- 100% Deposit Bonus up to $100 + 50 Free Spins
- 50% Deposit Bonus up to $200
- 50 % Deposit Bonus up to $100
- 25% Deposit Bonus up to $100
In total, players would be able to get $500 and 50 free spins from this welcome bonus. Keep in mind, though, to claim this full welcome bonus, a player would need to deposit $1000 into their account over the four deposits.
Tips for choosing a Welcome Bonus
Because almost all casinos will offer a welcome bonus to new players, there are hundreds to choose from. This can make choosing an online casino an even more daunting task. Below are some helpful hints that will hopefully help players choose the best welcome bonus that will suit their needs.
- In most cases, bigger is better. Players should keep an eye out for the welcome bonuses that offer the most in terms of monetary value and free spins. However, don’t simply go out and choose the biggest bonus, as there can be other factors.
- Pay attention to the wagering requirements. Big welcome bonuses can sometimes come with even bigger wagering requirements.
- Always try to deposit the maximum you can on each deposit. If the welcome bonus says 100% up to $100, try and deposit the $100, so you don’t lose out on any of the bonus.
- There’s nothing stopping you from claiming multiple welcome However, you’ll need to join a few casinos to do so.
- Find one that meets your online gambling needs. If you’re a player who enjoys table games, a welcome bonus that gives you 100s of free spins might not be worth it for you.
Welcome Bonus Wagering Requirements
When it comes to welcome bonuses, you need to pay attention to the wagering requirements. Wagering requirements have been put in place by online casinos to protect themselves from players who would abuse the system. Imagine if a player could claim a $1000 bonus and then simply cash it out and never return to the casino? They’d all go out of business tomorrow.
This is where the wagering requirement comes in. In essence, it will ensure a player needs to wager the bonus a certain number of times before the bonus can be cashed out. In most cases, the wagering requirement will be around 40x, but it can be higher or lower.
If you claim a $100 bonus with a 40x wagering requirement, it will mean that a player will have to wager $4000 before they can cash out that deposit. Players will also need to keep in mind that some games countless towards the wagering requirement than others. Online slots will count 100%, but some table games may only count 10% for example.
Players need to understand what terms they’re accepting before claiming a welcome bonus. In many cases, when you hear about a player calling a casino a fraud it is often because they accepted the welcome bonus without knowing the terms and conditions.
No Deposit Bonus
While a No Deposit Bonus is strictly a different bonus to the welcome/sign-up bonus, it is also for new players at an online casino. Therefore, we thought it only appropriate to mention it quickly. As the name suggests, no deposit bonuses are casino bonuses that can be claimed by new players before they make a deposit into their casino account, whereas the welcome bonus will require deposits to be made in order to claim.
No deposit bonuses used to be for more common in the casino industry. However, they are far less common these days. This makes them highly sought after these days as well. All a player needs to do to claim a no deposit bonus is start a new account with the casino in question. Once a player does this, they are normally given a small amount of cash to play with, around $5-$10. However, it is also common practice these days for the no deposit bonus to be made up of free spins for a selected slot game.