A welcome bonus, or a sign-up bonus, is for new casino players who create an account and made a deposit. This is a type of promotion that is the best in terms of match rate and amount. It may be a large offer or even a series of smaller ones to use across your first deposits. Make sure you claim one of these when you make your first deposit.
The most common bonus types you’ll find at a web casino include:
Getting a cash reward soon after signing up.
Starting your gambling session with a healthy bankroll.
To get a significant amount of the casino gaming market, casino operatives are resorting to aggressive and inventive marketing approaches to get the attention of gamblers. This means thrilling times for players and enthusiasts, knowing that the marketing tactics are created with customers and in mind. Today, diverse casino bonuses and treats are being offered to players, designed to entice customers to sign up, and to keep them engaged for a long time. Of the casino promotions offered today, the most popular is the Welcome Bonus offer.
Top Casinos Online US
Nearly all casinos offer a welcome bonus in one form or another, though these welcome bonuses differ from casino to casino. Each site offers its welcome bonuses, and these are available to every new player who signs up to the casino.
Welcome bonuses didn’t develop alongside the first website but evolved as a necessary tool for the sites to stay relevant. The first true casino, then operated by Microgaming, opened its ‘doors’ in 1994.
Shortly after, the market was flooded by both good and bad virtual sites, making it much harder for true and honest casinos to stay in business.
Welcome Bonus Structures
Each casino determines the structure of their welcome bonus. A welcome bonus is usually divided into tiers, as determined by the casino.
For example. A casino might offer a player a welcome bonus of $1500, split into four tiers. This is how it might be calculated*:
Max Bonus Offered by Casino
Players’ Deposit Contribution to get Bonus
100% up to $500
50% up to $400
25% up to $200
10% up to $400
*This is just an example, and each casino has its welcome bonus structure.
Players are under no obligation to deposit the full contribution amount, though they will then still only get the percentage offered on each deposit based on the amount they deposit.
As part of a welcome bonus, a casino might also offer free spins to use at any of their online slot machines. This is usually given alongside the first deposit, and the full amount of spins is usually given no matter what size deposit a player makes.
Welcome Bonus Wagering Requirement
Every site attaches a wagering requirement to its welcome bonus to prevent unscrupulous players from simply cashing out their bonuses when they receive it. A wagering requirement is quite simple. Players have to wager their welcome bonus, and any money they win with it during the wagering window, a pre-set amount of times before they can cash it out.
For example. For players to cash out a $500 welcome bonus with an x20 wagering requirement, they would need to wager a total of $10 000 before they can cash it out. Now, some players might get a fright when they see such a big number, but it is quite easy to meet, and many players do it quite quickly.
Because casinos don’t have the massive overhead costs of a land-based casino, they can offer much bigger and more regular wins and jackpots, which make it much, much easier to meet a wagering requirement.
Know Your Welcome Bonuses Before You Play
These bonuses fall under the welcome bonus category if they are given to new players before playing games. Check out there are different types of Welcome Bonuses.
100% bonus offer
For most casino operators, the best welcome offers come in the form of a percentage of any amount the player has deposited. This means that if a player deposits $100, the player’s account will be credited with an extra $100.
Match bonus offer
This is also known as a variation of the 100 percent bonus offer. Instead of focusing on a percentage, the casino operative matches the player’s initial deposit.
200/300 percent bonus offer
Some casinos like to take their offers a step further and promise a 200 percent bonus offer. But also keep in mind that these bonuses that are exceeding 100 percent often come with lower caps.
Bonus cash with Free spins
In its quest to provide exciting Welcome Bonuses and casino promotions, some casinos combine free play money and free spins for video slots. A casino may offer a whopping $600, complemented by 200 Free spins. moreover, this offer is definite by a fine print, particularly on the use of Free spins.