A welcome bonus is a gift that many online casinos offer to new players who sign up on their platform. This can come in the form of free chips/spins or other types of bonuses. These offers are an incentive to woo players to these websites, as they get some free money just for signing up and using their services.
There are plenty of different ways to take advantage of these bonuses, depending on what type you’re given when you first sign up with an online casino.
But before you go rushing off to sign up with the casino that offers the biggest bonus, it’s important to know how they work and what type of player they’re designed for.
Remember, each casino has its terms concerning the bonus, and these terms must be met before a player can be allowed to cash out the winnings.
Different Types of Sign-Up Bonuses
Online casinos are a booming industry. Not only do they offer the player games that can’t be found in a brick-and-mortar casino, but they also have big sign-up bonuses for players to take advantage of.
There are two types of bonuses: deposit bonuses and no-deposit bonuses. Deposit bonuses are given when you make your first deposit with the casino; these are often called match bonuses.
This is because it’s usually a fixed percentage of your deposit amount that is awarded as a bonus.
No deposit bonus, which is awarded without you having to make a deposit, or they can come as cashback on your first few deposits.
No-deposit bonuses are less common and tend to be much smaller than other types of bonuses but they still provide added value. They can be a good way to try out an online casino without risking any of your own money.
They can further be categorized as sticky and non-sticky, and sticky means that the bonus cannot be withdrawn, and is only used for wagering.
Upon meeting all the wagering terms, you’ll be able to withdraw the winnings made. However, it will “stick” to your account until you lose it.
Most players prefer the non-sticky type since you can withdraw it together with the bonus, upon meeting all the wagering terms.
Online casinos also offer another type of welcome bonus known as the phantom bonus. It is also used for wagering purposes and will be automatically removed once you initiate a withdrawal.
However, in addition to this, most casinos offer ongoing benefits for their existing customers.
These rewards can come in many forms: extra cashback on your deposits; discounts on games; VIP points that earn you more cash back, or free spins on slots; or even just increased reload.
Picking the Best Casino Bonus
Once you get the full understanding of how welcome/sign up bonuses work, you can now start your journey towards finding the online casino that will suit all your gambling needs.
However, before you can accept any type of welcome bonus that suits you the best, remember to check the wagering terms and conditions associated with the bonus.
Conclusion
Welcome bonuses are offered by online casinos to attract new players. They’re a nice way for you to try out the casino and enjoy some free cash in the process.
You can use this money on any game you want, but make sure that it’s specified in the terms and conditions of your welcome bonus offer.
It’s important to understand the different types of welcome bonuses before you choose one. Also, make sure that it is compatible with the games you want to play, and the terms attached to it are not very prohibitive.
